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:
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.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
The Kitchen & Dining Furniture market in Jordan is experiencing steady growth due to customer preferences for modern and functional furniture, as well as local special circumstances and underlying macroeconomic factors.
Customer preferences: In Jordan, customers have shown a strong preference for modern and functional kitchen and dining furniture. They are increasingly looking for furniture that not only enhances the aesthetics of their homes but also provides practical solutions for storage and organization. The demand for furniture with clean lines, sleek designs, and innovative features is on the rise. Customers are also seeking furniture that is durable, easy to clean, and made from sustainable materials. Additionally, there is a growing interest in furniture that can be customized to fit individual needs and preferences.
Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in Jordan is the increasing popularity of open-plan living spaces. Many households are opting for open-plan kitchens and dining areas, which require furniture that seamlessly blends with the overall design and creates a cohesive look. As a result, there is a growing demand for kitchen islands, bar stools, and dining tables that can serve as multifunctional spaces for cooking, dining, and socializing. Another trend in the market is the rising demand for smart furniture. With the advancement of technology, customers are looking for furniture that incorporates smart features such as built-in charging stations, wireless connectivity, and voice control. These features add convenience and functionality to the furniture, aligning with the modern lifestyle and the increasing reliance on technology.
Local special circumstances: Jordan has a growing middle class with increasing disposable income, which has contributed to the growth of the Kitchen & Dining Furniture market. As more households have the financial means to invest in quality furniture, the demand for kitchen and dining furniture has increased. Additionally, the urbanization trend in Jordan has led to the construction of new residential buildings and the renovation of existing homes, driving the demand for furniture.
Underlying macroeconomic factors: The stable economic growth in Jordan has created a favorable environment for the Kitchen & Dining Furniture market. The government has implemented policies to attract foreign investment and promote domestic industries, including the furniture industry. This has led to the establishment of more furniture manufacturing companies in Jordan, which has increased the availability and variety of kitchen and dining furniture in the market. Furthermore, the country's strategic location and trade agreements with neighboring countries have facilitated the import and export of furniture, contributing to the growth of the market. In conclusion, the Kitchen & Dining Furniture market in Jordan is growing due to customer preferences for modern and functional furniture, the popularity of open-plan living spaces, the demand for smart furniture, the growing middle class with increasing disposable income, and the stable economic growth in the country. These factors have created a favorable market environment and opportunities for both local and international furniture manufacturers.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights