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Kitchen & Dining Furniture - Romania

Romania
  • In Romania, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to US$61.32m.
  • It is projected that the market will experience an annual growth rate of -0.01% (CAGR 2024-2029).
  • When compared globally, United States leads in terms of revenue, generating US$39bn in 2024.
  • Taking into account the total population, per person revenues in Romania reach US$3.13 in 2024.
  • Romania's market for kitchen and dining furniture is experiencing a surge in demand for modern, 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.

In-Scope

  • Dining tables
  • Kitchen islands and carts
  • Food pantries
  • Kitchenware

Out-Of-Scope

  • Household appliances
  • Cookware, kitchen, and cleaning utensils
  • Kitchen remodels
Kitchen & Dining Furniture: market data & analysis - Cover

Market Insights report

Kitchen & Dining Furniture: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Company Insights

    Sales Channels

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Kitchen & Dining Furniture market in Romania is experiencing steady growth due to changing customer preferences and underlying macroeconomic factors.

    Customer preferences:
    Customers in Romania are increasingly looking for kitchen and dining furniture that combines functionality with modern design. They prefer furniture that is not only durable and long-lasting, but also aesthetically pleasing and in line with the latest trends. This has led to a rise in demand for furniture made from high-quality materials such as solid wood, as well as furniture with sleek and minimalist designs. Additionally, customers are also placing importance on eco-friendly and sustainable products, driving the demand for furniture made from recycled or environmentally friendly materials.

    Trends in the market:
    One of the key trends in the Kitchen & Dining Furniture market in Romania is the growing popularity of open-plan living spaces. Many customers are opting for open-plan kitchens and dining areas, which require furniture that seamlessly integrates with the overall design of the space. This has led to an increase in demand for modular and customizable furniture that can be easily adapted to different layouts and configurations. Additionally, there is also a growing trend towards multifunctional furniture, such as dining tables that can be extended or transformed into workspaces or storage units.

    Local special circumstances:
    Romania has a rich cultural heritage, and this is reflected in the design preferences of its customers. Traditional Romanian design elements, such as intricate wood carvings and folk motifs, are often incorporated into kitchen and dining furniture to add a touch of local charm. This fusion of traditional and modern design elements has become increasingly popular among customers in Romania, as it allows them to showcase their cultural heritage while still embracing contemporary styles.

    Underlying macroeconomic factors:
    The Kitchen & Dining Furniture market in Romania is also influenced by underlying macroeconomic factors. The country has experienced steady economic growth in recent years, which has resulted in an increase in disposable income levels. As a result, customers have more purchasing power and are willing to invest in higher-quality furniture for their homes. Additionally, the growing urbanization and rising middle class in Romania have also contributed to the growth of the market, as more people are moving into urban areas and seeking to furnish their homes with modern and stylish furniture. In conclusion, the Kitchen & Dining Furniture market in Romania is witnessing growth due to changing customer preferences for functional and aesthetically pleasing furniture, as well as underlying macroeconomic factors such as economic growth and urbanization. The market is characterized by trends such as open-plan living spaces, modular furniture, and a fusion of traditional and modern design elements. These factors, combined with the local special circumstances and cultural preferences of customers in Romania, are driving the development of the market.

    Methodology

    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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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