Key regions: Canada, United Kingdom, Brazil, Germany, India
The Kitchen & Dining Furniture market in India has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances.
Customer preferences: Customers in India are increasingly seeking stylish and functional kitchen and dining furniture that can enhance the overall aesthetic appeal of their homes. With the rise of social media and home improvement shows, there is a growing emphasis on interior design and creating a visually appealing living space. As a result, consumers are willing to invest in high-quality furniture that can transform their kitchens and dining areas into modern and elegant spaces.
Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in India is the growing demand for modular kitchen solutions. Modular kitchens offer a range of benefits, including efficient space utilization, easy installation, and customization options. This trend is driven by the increasing urbanization and the need for compact and functional kitchen spaces in apartments and smaller homes. Additionally, the rising number of dual-income households has led to a greater demand for convenient and time-saving kitchen solutions. Another trend in the market is the preference for eco-friendly and sustainable furniture. With growing environmental awareness, consumers in India are increasingly opting for furniture made from sustainable materials such as bamboo, reclaimed wood, and recycled plastic. This trend is also influenced by the government's initiatives to promote sustainable living and reduce carbon footprint.
Local special circumstances: India has a rich cultural heritage and diverse regional preferences when it comes to furniture design. Different states and regions in India have their own unique styles and craftsmanship, which contribute to the variety of kitchen and dining furniture available in the market. For example, in the southern states of India, traditional wooden furniture with intricate carvings and designs is highly popular, while in the northern states, more contemporary and minimalist designs are favored.
Underlying macroeconomic factors: The growth of the Kitchen & Dining Furniture market in India is also influenced by several macroeconomic factors. The rapid urbanization and rising disposable incomes have led to an increase in the number of middle-class households, who are willing to spend on home improvement and furniture. Additionally, the government's push for affordable housing and the growth of the real estate sector have further fueled the demand for kitchen and dining furniture. In conclusion, the Kitchen & Dining Furniture market in India is experiencing growth due to changing customer preferences for stylish and functional furniture, the trend towards modular kitchens and eco-friendly solutions, the influence of local design preferences, and underlying macroeconomic factors such as urbanization and rising disposable incomes.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.
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