Kitchen & Dining Furniture - Myanmar

In Myanmar, the revenue in the Kitchen & Dining Furniture market reaches US$57.94m in 2024.
It is projected to experience an annual growth rate of 3.21% (CAGR 2024-2029).
Comparing globally, United States generates the highest revenue with US$39bn in 2024.
When considering the total population, the per person revenue amounts to US$1.05 in 2024.
Myanmar is experiencing a surge in demand for traditional teak wood dining sets, reflecting a growing appreciation for local craftsmanship.

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 Myanmar has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: In Myanmar, customers have shown a growing preference for stylish and functional kitchen and dining furniture. As the country continues to develop, more people are investing in their homes, including their kitchen and dining areas. Customers are looking for furniture that not only enhances the aesthetics of their homes but also provides practical solutions for storage and organization. Additionally, there is a rising demand for furniture that is made from sustainable materials, reflecting a growing awareness of environmental issues among consumers.

Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in Myanmar is the increasing popularity of modular kitchen designs. Modular kitchens offer flexibility and customization options, allowing customers to create a kitchen layout that suits their specific needs and preferences. This trend is driven by the desire for more efficient use of space and the need for easy maintenance. Another trend in the market is the growing demand for compact dining furniture. With the increasing urbanization in Myanmar, many people are living in smaller apartments or houses with limited space. As a result, there is a growing demand for dining furniture that is compact and space-saving, such as folding tables and chairs or extendable dining sets.

Local special circumstances: Myanmar is undergoing rapid urbanization and economic development, leading to a rise in disposable income and a growing middle class. This has resulted in increased purchasing power and a higher demand for quality furniture, including kitchen and dining furniture. Additionally, the country's young population, with a median age of 29 years, is driving the demand for modern and trendy furniture designs.

Underlying macroeconomic factors: The economic growth in Myanmar has contributed to the development of the Kitchen & Dining Furniture market. The country has experienced a significant increase in foreign direct investment, which has led to job creation and increased consumer spending. The growing tourism industry in Myanmar has also contributed to the demand for furniture as more hotels and restaurants are being established. Furthermore, the government's efforts to promote the real estate sector and improve infrastructure have also played a role in the growth of the market. The construction of new residential and commercial buildings has increased the demand for kitchen and dining furniture. In conclusion, the Kitchen & Dining Furniture market in Myanmar is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As the country continues to develop, the demand for stylish and functional kitchen and dining furniture is expected to increase further.

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.