Kitchen & Dining Furniture - Iraq

In Iraq, the revenue generated in the Kitchen & Dining Furniture market is estimated to reach US$154.30m in 2024.
It is projected that the market will experience an annual growth rate of 2.63% (CAGR 2024-2029).
When compared to other countries around Worldwide, United States leads in terms of revenue generation, with an estimated amount of US$39bn in 2024.
Taking population figures into consideration, the per person revenue in Iraq for 2024 is US$3.32.
Despite the challenges faced by the country, Iraq's demand for high-quality kitchen and dining furniture remains resilient as households prioritize creating comfortable and functional living spaces.

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 Iraq has been experiencing steady growth in recent years. Customer preferences in Iraq have been shifting towards more modern and stylish kitchen and dining furniture. Consumers are increasingly looking for furniture that not only serves its functional purpose but also adds aesthetic value to their homes. This trend is in line with global preferences, as customers worldwide are seeking furniture that reflects their personal style and enhances the overall look of their living spaces. One of the key trends in the market is the growing demand for modular kitchen furniture. Modular kitchen designs offer flexibility and convenience, allowing customers to customize their kitchens according to their specific needs and available space. This trend is driven by the increasing number of urban dwellers in Iraq who are living in smaller apartments and require space-saving solutions. Moreover, modular kitchen furniture is often made from durable materials, which appeals to customers who value longevity and quality. Another trend in the market is the rising popularity of open-plan kitchen and dining areas. This design concept, which originated in Western countries, has gained traction in Iraq as well. open-plan layouts create a sense of spaciousness and facilitate social interaction, making them particularly appealing to families and individuals who enjoy hosting gatherings. As a result, there is a growing demand for kitchen and dining furniture that seamlessly integrates with the overall interior design of the living space. Local special circumstances in Iraq also contribute to the development of the Kitchen & Dining Furniture market. The country has a young and growing population, with a significant portion of the population entering the workforce and achieving higher disposable incomes. This demographic shift has led to an increase in consumer spending on home furnishings, including kitchen and dining furniture. Additionally, the government's efforts to promote economic diversification and attract foreign investment have created a more favorable business environment, stimulating market growth. Underlying macroeconomic factors further support the development of the Kitchen & Dining Furniture market in Iraq. The country's economy has been gradually recovering from the impact of previous conflicts, leading to increased consumer confidence and spending. Furthermore, the construction industry is experiencing growth, with new residential and commercial projects being undertaken across the country. This creates opportunities for kitchen and dining furniture suppliers to cater to the demand for new furnishings. In conclusion, the Kitchen & Dining Furniture market in Iraq is developing due to shifting

Customer preferences: towards modern and stylish furniture, the growing demand for modular and open-plan kitchen designs,

Local special circumstances: such as a young and affluent population, and

Underlying macroeconomic factors: such as economic recovery and construction growth.

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.