Kitchen & Dining Furniture - Guinea

In Guinea, the revenue in the Kitchen & Dining Furniture market reached US$7.30m in 2024.
It is projected to experience an annual growth rate of -3.96% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue, amounting to US$39bn in 2024.
In terms of per capita figures, the revenue per person in Guinea is US$0.50 in 2024.
Despite the growing demand for modern kitchen and dining furniture in Guinea, traditional designs still dominate the market.

Definition:

The Kitchen & Dining Furniture segment covers diferent movable objects designed for kitchen and dining rooms. These objects mainly meet people’s needs for eating, preparing food, or food storage and includes dining tables, baker’s racks, kitchen islands/carts, pantry storage, and various types of kitchenware. Items not considered include household appliances such as refrigerators, stoves, small kitchen appliances, and sinks and faucets.

Structure:

The Kitchen & Dining Furniture segment is divided into two subsegments:

The Dining Tables, Kitchen Islands & Pantries subsegment includes furniture pieces designed to enhance the functionality and aesthetics of kitchen and dining spaces. These products range from traditional dining tables to kitchen islands and pantry storage units, providing both practical and decorative value to the kitchen and/or dining spaces.
The Kitchenware subsegment refers to items which aid in the preparation and the serving of food. Products in this subsegment include cookware such as pots and pans, tableware such as cutlery and glassware, and other items that are essential for the preparation and serving of food.

Additional Information:

The Kitchen & Dining Furniture segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Dining tables
Kitchen islands and carts
Food pantries
Kitchenware

Household appliances
Cookware, kitchen, and cleaning utensils
Kitchen remodels

The Kitchen & Dining Furniture market in Guinea has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: Customers in Guinea have shown a growing preference for modern and stylish kitchen and dining furniture. They are increasingly looking for furniture that not only serves its functional purpose but also adds aesthetic value to their homes. This shift in preference can be attributed to the influence of global trends and the increasing exposure to international designs through various media platforms. Additionally, customers in Guinea are also seeking furniture that is durable and of high quality, as they are willing to invest in long-lasting products that provide value for money.

Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in Guinea is the rise in demand for eco-friendly and sustainable furniture. Customers are becoming more conscious of the environmental impact of their purchases and are actively seeking furniture made from sustainable materials. This trend is driven by a global movement towards sustainability and a growing awareness of the importance of preserving the environment. As a result, furniture manufacturers in Guinea are increasingly incorporating eco-friendly practices into their production processes and offering a wide range of sustainable furniture options to cater to this demand. Another trend in the market is the increasing popularity of open-plan kitchen and dining spaces. With the changing lifestyles and preferences of consumers, there is a growing demand for furniture that can seamlessly integrate with open-plan living areas. This trend is influenced by the desire for more social and interactive spaces within the home, where the kitchen and dining areas are no longer separate rooms but rather integrated spaces for cooking, dining, and entertaining. As a result, furniture manufacturers in Guinea are designing and producing furniture that is versatile and can be easily adapted to open-plan living spaces.

Local special circumstances: Guinea is experiencing rapid urbanization, with a significant portion of the population moving from rural to urban areas. This urbanization trend has led to an increase in the demand for kitchen and dining furniture, as more people are setting up homes in urban areas. Additionally, the growing middle class in Guinea has also contributed to the growth of the Kitchen & Dining Furniture market, as these consumers have higher disposable incomes and are willing to invest in quality furniture for their homes.

Underlying macroeconomic factors: The overall economic growth in Guinea has had a positive impact on the Kitchen & Dining Furniture market. The country has experienced stable economic growth in recent years, driven by investments in infrastructure and natural resources. This has resulted in increased disposable incomes and improved living standards, leading to higher consumer spending on furniture and home decor. Additionally, the government of Guinea has implemented policies to promote local manufacturing and reduce dependence on imports, which has further supported the growth of the domestic furniture industry. In conclusion, the Kitchen & Dining Furniture market in Guinea is witnessing growth due to changing customer preferences, emerging trends, and local special circumstances. Customers in Guinea are increasingly seeking modern and stylish furniture, with a growing preference for eco-friendly and sustainable options. The popularity of open-plan living spaces and the country's rapid urbanization also contribute to the growth of the market. Furthermore, the overall economic growth and government support for the domestic manufacturing sector are driving the demand for kitchen and dining furniture in Guinea.

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

From homeware to office furniture, even expanding over to pet care, the furniture industry is all-encompassing and ever-growing. Be it homes, schools, offices, or even outdoors, furniture is what gives a room its function and purpose.