Kitchen & Dining Furniture - NAFTA

In 2024, the revenue in the Kitchen & Dining Furniture market in NAFTA amounts to US$41.50bn.
It is projected to have an annual growth rate of 3.79% (CAGR 2024-2029).
When compared globally, United States leads in generating revenue with US$39bn in 2024.
Taking into account the total population figures, in 2024, per person revenues of US$81.32 are generated in NAFTA.
In NAFTA, the kitchen & dining furniture market is thriving due to an increasing demand for modern and space-saving designs.

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 nafta has seen significant growth in recent years. Customer preferences for high-quality and aesthetically pleasing furniture have driven this growth. Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the development of the market.

Customer preferences: in the Kitchen & Dining Furniture market in nafta have shifted towards more modern and sleek designs. Consumers are increasingly looking for furniture that not only serves its functional purpose but also adds style and elegance to their homes. This trend is driven by the desire to create a contemporary and sophisticated living space. As a result, manufacturers and retailers in the market have focused on offering a wide range of modern designs to cater to these preferences. In addition to modern designs, customers in nafta also prioritize the quality and durability of kitchen and dining furniture. As these pieces of furniture are used on a daily basis, customers want them to be able to withstand regular wear and tear. This has led to an increased demand for furniture made from high-quality materials such as solid wood or metal. Manufacturers have responded to this demand by incorporating durable materials into their designs, ensuring that the furniture is long-lasting and can withstand the test of time. Trends in the Kitchen & Dining Furniture market in nafta are also influenced by

Local special circumstances:. For example, in the United States, the growing trend of open-concept living spaces has led to an increased demand for kitchen and dining furniture that seamlessly integrates with the rest of the home. Consumers are looking for furniture that not only serves its functional purpose but also enhances the overall flow and design of their living spaces. This has resulted in the popularity of kitchen islands and dining tables with built-in storage options. Another local special circumstance that has impacted the market is the increasing focus on sustainability and eco-friendly products. Consumers in nafta are becoming more conscious of the environmental impact of their purchases and are actively seeking out furniture made from sustainable materials. This has led to the rise of eco-friendly kitchen and dining furniture options, such as those made from reclaimed wood or recycled materials. Manufacturers have recognized this trend and have started incorporating sustainable practices into their production processes.

Underlying macroeconomic factors: have also played a role in the development of the Kitchen & Dining Furniture market in nafta. The strong economic growth in the region has resulted in increased consumer spending power, allowing individuals to invest in higher-quality and more expensive furniture. Additionally, the growing urbanization in nafta countries has led to smaller living spaces, driving the demand for compact and multifunctional kitchen and dining furniture. In conclusion, the Kitchen & Dining Furniture market in nafta has experienced growth due to customer preferences for modern and high-quality furniture, local special circumstances such as open-concept living spaces and sustainability, and underlying macroeconomic factors including strong economic growth and urbanization. As these trends continue to evolve, it is expected that the market will continue to expand in the coming 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.