Kitchen & Dining Furniture - Kuwait

In Kuwait, the revenue generated in the Kitchen & Dining Furniture market for the year 2024 amounts to US$135.40m.
It is projected that this market will experience an annual growth rate of 4.72% (CAGR 2024-2029).
When comparing this market segment globally, United States leads in terms of revenue generation, with US$39bn in 2024.
In terms of per person revenues, in Kuwait, each individual contributes US$31.14 in revenue for the year 2024.
The demand for high-end, luxury kitchen and dining furniture in Kuwait is on the rise, driven by the country's affluent population and their preference for elegant and sophisticated home decor.

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 Kuwait has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development.

Customer preferences: in Kuwait have shifted towards more modern and stylish kitchen and dining furniture. Consumers are increasingly looking for furniture that is not only functional but also aesthetically pleasing. This has led to a rise in demand for sleek and contemporary designs, as well as furniture that is made from high-quality materials. Additionally, there is a growing preference for furniture that is easy to clean and maintain, as Kuwaitis value cleanliness and hygiene in their homes.

Trends in the market: indicate that there is a growing demand for customized kitchen and dining furniture in Kuwait. Consumers are looking for furniture that is tailored to their specific needs and preferences. This trend is driven by a desire for uniqueness and individuality, as well as the growing influence of social media and home design websites, which showcase personalized and customized interior designs. This has created opportunities for local furniture manufacturers and retailers to offer bespoke solutions to customers.

Local special circumstances: in Kuwait have also contributed to the development of the Kitchen & Dining Furniture market. Kuwait has a high disposable income, with a significant portion of the population belonging to the upper-middle class and affluent segments. This has led to an increase in spending on home furnishings and luxury items, including kitchen and dining furniture. Additionally, Kuwaitis place a strong emphasis on hospitality and entertaining guests in their homes, which has further fueled the demand for stylish and functional kitchen and dining furniture.

Underlying macroeconomic factors: have played a role in the growth of the Kitchen & Dining Furniture market in Kuwait. The country has a stable economy, with a high gdp per capita and low unemployment rates. This has resulted in increased consumer confidence and purchasing power, which has translated into higher spending on home furnishings. Furthermore, Kuwait has a favorable business environment, with a strong retail sector and a growing number of furniture stores and showrooms. This has made it easier for consumers to access a wide range of kitchen and dining furniture options, further driving market growth. In conclusion, the Kitchen & Dining Furniture market in Kuwait is developing due to changing customer preferences, a demand for customization, local special circumstances, and underlying macroeconomic factors. As Kuwaitis continue to prioritize modern and stylish furniture, as well as personalized solutions, the market is expected to continue its positive growth trajectory in the coming years.

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.