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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, United States leads the way with a staggering revenue of US$39bn 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.

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.

In-Scope

  • Dining tables
  • Kitchen islands and carts
  • Food pantries
  • Kitchenware

Out-Of-Scope

  • Household appliances
  • Cookware, kitchen, and cleaning utensils
  • Kitchen remodels
Kitchen & Dining Furniture: market data & analysis - Cover

Market Insights report

Kitchen & Dining Furniture: market data & analysis

Study Details

    Revenue

    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

    Key Players

    Most recent update: Mar 2024

    Source: Statista Company Insights

    Sales Channels

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Nov 2024

    Source: Statista Market Insights

    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 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.

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    Kitchen & Dining Furniture: market data & analysis - BackgroundKitchen & Dining Furniture: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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