Kitchen & Dining Furniture - Malta

In Malta, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to US$32.69m.
It is projected that the market will experience an annual growth rate of 0.72% (CAGR 2024-2029).
When compared to other countries globally, United States leads in terms of revenue, generating US$39bn in 2024.
In relation to the total population figures, it is estimated that each person in Malta will generate US$60.91 in revenue in 2024.
The demand for modern, space-saving kitchen and dining furniture is on the rise in Malta, as more homeowners prioritize functionality in their small living spaces.

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 Malta has experienced steady growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: in Malta have shifted towards more modern and minimalist designs in kitchen and dining furniture. Consumers are increasingly looking for furniture that is not only functional, but also aesthetically pleasing and in line with contemporary interior design trends. This has led to a rise in demand for sleek, clean-lined furniture pieces that can easily blend into any kitchen or dining space. Additionally, there is a growing preference for furniture made from sustainable materials, as consumers in Malta are becoming more environmentally conscious and are seeking out eco-friendly options. Trends in the market indicate a strong demand for compact and space-saving kitchen and dining furniture. As the size of living spaces in Malta tends to be smaller compared to other countries, consumers are looking for furniture that can maximize the use of limited space. This has led to an increase in the popularity of multi-functional furniture pieces, such as extendable dining tables or kitchen islands with built-in storage options.

Local special circumstances: such as the high cost of living and limited availability of land, have also influenced the development of the Kitchen & Dining Furniture market in Malta. The high cost of living has led to a greater emphasis on value for money, with consumers looking for furniture that offers both quality and affordability. Additionally, the limited availability of land has resulted in smaller kitchen and dining spaces, further driving the demand for compact and space-saving furniture. Underlying macroeconomic factors have also played a role in the development of the Kitchen & Dining Furniture market in Malta. The country's strong economic growth and rising disposable incomes have contributed to increased consumer spending on furniture. Furthermore, the growing tourism industry in Malta has led to an influx of tourists who are interested in purchasing local furniture products, further boosting the market. In conclusion, the Kitchen & Dining Furniture market in Malta is developing in response to changing customer preferences, local special circumstances, and

Underlying macroeconomic factors:. The shift towards modern and minimalist designs, the demand for compact and space-saving furniture, the high cost of living, limited availability of land, and the country's strong economic growth and rising disposable incomes are all contributing to the growth of the market.

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.