Kitchen & Dining Furniture - North Macedonia

In North Macedonia, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to US$3.58m.
It is projected that this market will experience an annual growth rate of -0.78% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, reaching a staggering US$39bn in 2024.
Taking into account the total population, the per person revenue in North Macedonia for 2024 is US$1.72.
North Macedonia is experiencing a growing demand for modern and minimalist kitchen and dining furniture 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 North Macedonia is experiencing steady growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in North Macedonia have shifted towards more modern and functional kitchen and dining furniture. Consumers are looking for furniture that is not only aesthetically pleasing but also durable and easy to maintain. This shift in preferences is driven by the increasing number of young professionals and urban dwellers who prioritize convenience and practicality in their homes. Additionally, consumers are also becoming more conscious of the environmental impact of their purchases, leading to a demand for sustainable and eco-friendly furniture options.

Trends in the market: indicate a growing demand for compact and multifunctional kitchen and dining furniture. As urban living spaces become smaller and more expensive, consumers are opting for furniture that can serve multiple purposes and save space. This includes kitchen islands with built-in storage, extendable dining tables, and modular furniture sets. Furthermore, there is a rising trend of incorporating smart technology into kitchen and dining furniture, such as smart refrigerators and dining tables with built-in charging ports.

Local special circumstances: in North Macedonia also contribute to the development of the Kitchen & Dining Furniture market. The country has a rich culinary tradition, with a strong emphasis on family meals and gatherings. This cultural aspect drives the demand for well-designed and comfortable dining furniture that can accommodate large families and social gatherings. Additionally, the growing tourism industry in North Macedonia has also created a demand for high-quality kitchen and dining furniture in hotels, restaurants, and other hospitality establishments.

Underlying macroeconomic factors: further support the growth of the Kitchen & Dining Furniture market in North Macedonia. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending power. As a result, consumers are more willing to invest in higher-quality and more expensive kitchen and dining furniture. Furthermore, the government has implemented favorable policies to attract foreign direct investment, which has led to the establishment of international furniture retailers in the country, offering a wider range of products and driving competition in the market. Overall, the Kitchen & Dining Furniture market in North Macedonia is developing as a result of changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The market is expected to continue growing as consumers prioritize modern and functional furniture, and as the country's economy and tourism industry continue to thrive.

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.