Key regions: Canada, United Kingdom, Brazil, Germany, India
The Kitchen & Dining Furniture market in Portugal has been experiencing steady growth in recent years.
Customer preferences: Portuguese consumers have shown a growing preference for modern and stylish kitchen and dining furniture. They are increasingly looking for furniture that not only serves its functional purpose but also adds aesthetic value to their homes. As a result, there has been a rise in demand for sleek and contemporary designs in the market. Additionally, consumers are also seeking furniture that is durable and made from high-quality materials, as they value long-lasting products.
Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in Portugal is the increasing popularity of open-plan kitchen and dining areas. This trend has been influenced by the changing lifestyles and preferences of consumers. Open-plan living spaces provide a sense of spaciousness and allow for better interaction between family members and guests. As a result, there has been a growing demand for furniture that complements these open-plan layouts, such as kitchen islands and dining sets that can accommodate larger groups of people. Another trend in the market is the integration of technology into kitchen and dining furniture. With the rise of smart homes, consumers are looking for furniture that can be connected to their devices and provide added convenience. For example, there is a growing demand for kitchen cabinets and dining tables with built-in charging stations for smartphones and tablets. This trend is driven by the increasing reliance on technology in everyday life and the desire for seamless integration of devices into the living space.
Local special circumstances: Portugal is known for its rich culinary traditions and food culture. This cultural aspect plays a significant role in shaping the preferences of consumers in the Kitchen & Dining Furniture market. Portuguese consumers often prioritize functionality and practicality in their kitchen and dining furniture choices, as they value the ability to prepare and enjoy meals with ease. This preference is reflected in the demand for furniture that offers ample storage space, efficient work surfaces, and comfortable seating options.
Underlying macroeconomic factors: The growth of the Kitchen & Dining Furniture market in Portugal can be attributed to several underlying macroeconomic factors. Firstly, the improving economic conditions in the country have resulted in increased consumer spending power. As a result, consumers are more willing to invest in higher-quality furniture for their homes. Additionally, the growing tourism industry in Portugal has also contributed to the market growth. With more tourists visiting the country, there is a higher demand for accommodation and dining establishments, which in turn drives the demand for kitchen and dining furniture. In conclusion, the Kitchen & Dining Furniture market in Portugal is experiencing growth due to changing customer preferences, such as a preference for modern and stylish designs, the increasing popularity of open-plan living spaces, and the integration of technology into furniture. The local special circumstances, including the importance of culinary traditions and the underlying macroeconomic factors, such as improving economic conditions and a growing tourism industry, also contribute to the market's development.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.
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