Kitchen & Dining Furniture - Lebanon

Lebanon

In Lebanon, the revenue generated in the Kitchen & Dining Furniture market is recorded at US$64.66m in 2024.
According to market projections, this sector is expected to experience an annual growth rate of 2.33% (CAGR 2024-2029).
When compared globally, in the United States leads the way with a staggering revenue of US$38,810m in 2024.
Taking into account the population figures, the per person revenue in Lebanon is estimated to be US$12.39 in 2024.
The demand for traditional Lebanese-style dining furniture is on the rise in Lebanon, reflecting a growing desire to preserve cultural heritage.

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

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Analyst Opinion

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

Customer preferences: in Lebanon are 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 driven by the growing influence of social media and the desire to create instagram-worthy spaces. As a result, there is a higher demand for sleek, minimalist designs, and furniture made from high-quality materials. Trends in the market also play a crucial role in its development. One of the key trends in lebanon's Kitchen & Dining Furniture market is the rise of open-concept living spaces. Many modern homes in Lebanon now feature open-plan kitchens that seamlessly blend with the dining and living areas. This trend has led to an increased demand for versatile furniture pieces that can adapt to different functions and spaces. For example, dining tables with extendable leaves or kitchen islands with built-in storage solutions are becoming more popular.

Local special circumstances: further contribute to the growth of the Kitchen & Dining Furniture market in Lebanon. Lebanon is known for its rich culinary culture, with food being an essential part of people's daily lives. This cultural emphasis on food and dining creates a strong demand for well-designed and comfortable dining furniture. Additionally, lebanon's growing tourism industry also plays a role in driving the market. As more tourists visit the country, there is a need for high-quality dining furniture in hotels, restaurants, and cafes. Underlying macroeconomic factors also influence the development of the Kitchen & Dining Furniture market in Lebanon. The country's improving economy and rising disposable incomes have resulted in increased consumer spending on home furnishings. Furthermore, the growing urbanization and real estate development in Lebanon have led to a higher demand for furniture to furnish new homes and apartments. In conclusion, the Kitchen & Dining Furniture market in Lebanon is experiencing growth due to changing customer preferences towards modern and stylish designs, emerging trends such as open-concept living spaces, local special circumstances like the culinary culture, and

Underlying macroeconomic factors: such as the improving economy and urbanization.

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.