Kitchen & Dining Furniture - Lithuania

In Lithuania, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to US$16.05m.
It is projected that this market will experience an annual growth rate of -1.12% (CAGR 2024-2029).
When compared to other countries worldwide, United States generates the highest revenue in this segment, amounting to US$39bn in 2024.
In terms of per capita revenue, each person in Lithuania contributes US$5.96 to the total revenue in 2024.
Lithuania's demand for modern and minimalist kitchen and dining furniture is on the rise, reflecting a growing preference for sleek and functional design.

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 Lithuania has been experiencing steady growth in recent years. Customer preferences have shifted towards modern and minimalist designs, with a focus on functionality and space-saving solutions. This trend is in line with global market preferences, as consumers seek furniture that can adapt to smaller living spaces and provide multi-functional use. Additionally, local special circumstances, such as the increasing number of young professionals and the growing popularity of open-concept living spaces, have contributed to the growth of the market.

Customer preferences: in the Kitchen & Dining Furniture market in Lithuania have been influenced by global trends. Modern and minimalist designs have gained popularity as consumers seek furniture that can fit into smaller living spaces. With the rise of urbanization and the increasing number of young professionals, there is a growing demand for furniture that can maximize space and provide multi-functional use. This has led to an increase in the popularity of kitchen islands, dining tables with built-in storage, and compact dining sets. Additionally, consumers are also placing importance on the durability and quality of the furniture, as they seek long-lasting and sustainable products. Trends in the market also reflect the changing lifestyles and preferences of consumers in Lithuania. The growing popularity of open-concept living spaces has led to an increased demand for furniture that can seamlessly integrate the kitchen and dining areas. This has resulted in the rise of kitchen furniture sets that include dining tables and chairs, as well as kitchen islands that can serve as both a cooking and dining space. Furthermore, there is a growing interest in eco-friendly and sustainable furniture options, as consumers become more conscious of their environmental impact. This has led to an increased demand for furniture made from sustainable materials, such as bamboo or reclaimed wood.

Local special circumstances: such as the increasing number of young professionals and the growing popularity of open-concept living spaces, have also contributed to the growth of the Kitchen & Dining Furniture market in Lithuania. The rising number of young professionals has led to an increase in demand for furniture that is affordable, yet stylish and functional. With limited living space, these consumers are seeking furniture that can maximize space and provide multi-functional use. Additionally, the popularity of open-concept living spaces has created a need for furniture that can seamlessly integrate the kitchen and dining areas, further driving the demand for kitchen and dining furniture sets. Underlying macroeconomic factors, such as the growing economy and increasing disposable income, have also contributed to the growth of the Kitchen & Dining Furniture market in Lithuania. As the economy continues to improve, consumers have more purchasing power and are willing to invest in higher-quality furniture. Furthermore, the growing middle class in Lithuania has led to an increase in disposable income, allowing consumers to spend more on home furnishings. These factors have created a favorable market environment for the Kitchen & Dining Furniture industry, leading to its steady growth in recent 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.