Kitchen & Dining Furniture - Kazakhstan

Kazakhstan

In Kazakhstan, revenue in the Kitchen & Dining Furniture market is projected to reach US$32.75m in 2024.
The market is anticipated to experience an annual growth rate of 0.13% (CAGR 2024-2029).
When compared globally, in the United States leads the way with revenue amounting to US$38,810m in 2024.
In terms of per capita figures, each individual in Kazakhstan is expected to generate revenues of US$1.65 in 2024.
Despite a growing interest in modern kitchen designs, traditional wooden dining furniture remains the preferred choice among Kazakhstani homeowners.

Key regions: Canada, United Kingdom, Brazil, Germany, India

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Analyst Opinion

The Kitchen & Dining Furniture market in Kazakhstan is experiencing significant growth due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the Kitchen & Dining Furniture market in Kazakhstan are shifting towards modern and minimalist designs. Consumers are increasingly looking for furniture that is functional, space-saving, and aesthetically pleasing. This trend is influenced by global design preferences and the desire for a more contemporary and streamlined look in homes. Additionally, there is a growing demand for eco-friendly and sustainable materials in furniture, as consumers become more conscious of their environmental impact. Trends in the Kitchen & Dining Furniture market in Kazakhstan include the increasing popularity of open-concept living spaces. As more people opt for open floor plans in their homes, the demand for furniture that seamlessly integrates the kitchen and dining areas has grown. This has led to the development of multi-functional furniture pieces that serve both practical and aesthetic purposes. Another trend is the rise of online shopping for furniture, as consumers value the convenience and wide range of options available online. e-commerce platforms have become a key distribution channel for Kitchen & Dining Furniture in Kazakhstan, providing customers with easy access to a variety of products.

Local special circumstances: in Kazakhstan also contribute to the growth of the Kitchen & Dining Furniture market. The country has experienced a steady increase in urbanization, with more people moving to cities and living in smaller apartments or houses. This has created a need for compact and space-saving furniture solutions, driving the demand for kitchen and dining furniture that is designed specifically for smaller spaces. Additionally, the growing middle class in Kazakhstan has led to an increase in disposable income, allowing more consumers to invest in higher-quality and more expensive furniture. Underlying macroeconomic factors, such as economic growth and stability, also play a role in the development of the Kitchen & Dining Furniture market in Kazakhstan. As the economy continues to grow, consumers have more purchasing power and are willing to spend on home furnishings. The stability of the economy also gives consumers confidence in making long-term investments, such as furniture purchases. Furthermore, government initiatives to promote the development of the furniture industry and support local manufacturers have contributed to the growth of the market. Overall, the Kitchen & Dining Furniture market in Kazakhstan is thriving due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. As consumers continue to prioritize modern and functional designs, the market is expected to continue its growth trajectory in the coming years.

Methodology

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.