Kitchen & Dining Furniture - Southeast Asia

In Southeast Asia, the Kitchen & Dining Furniture market generates a revenue of US$913.00m in 2024.
The market is projected to experience an annual growth rate of 2.77% (CAGR 2024-2029).
When compared globally, United States leads in revenue generation, with US$39bn in 2024.
On a per person basis, the revenue generated in 2024 amounts to US$1.32.
In Singapore, the demand for sleek and space-saving kitchen and dining furniture is on the rise, reflecting the city-state's modern and compact living spaces.

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 Southeast Asia is experiencing significant growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in Southeast Asia are shifting towards more functional and space-saving kitchen and dining furniture. With the increasing urbanization and smaller living spaces in the region, customers are looking for furniture that is compact, versatile, and can be easily integrated into their homes. Additionally, there is a growing demand for eco-friendly and sustainable furniture materials, as consumers become more conscious of the environmental impact of their purchases.

Trends in the market: indicate a rise in the popularity of modular kitchen and dining furniture. Modular furniture allows customers to customize and adapt their kitchen and dining spaces according to their specific needs and preferences. This flexibility and versatility are particularly appealing to customers in Southeast Asia, where homes often have limited space. Additionally, there is a growing preference for minimalist and contemporary designs, with clean lines and neutral colors dominating the market.

Local special circumstances: in Southeast Asia also contribute to the growth of the Kitchen & Dining Furniture market. The region's diverse culinary traditions and food culture play a significant role in driving the demand for kitchen and dining furniture. Southeast Asians have a strong emphasis on food and dining experiences, which leads to a higher demand for well-designed and functional kitchen and dining furniture. Furthermore, the rise of e-commerce platforms and online shopping has made it easier for customers in Southeast Asia to access a wide range of kitchen and dining furniture options. This has opened up new opportunities for both local and international furniture brands to reach a larger customer base in the region.

Underlying macroeconomic factors: such as rising disposable incomes and increasing urbanization, are also driving the growth of the Kitchen & Dining Furniture market in Southeast Asia. As more people move to cities and experience higher living standards, there is a greater demand for quality and aesthetically pleasing furniture. Additionally, the growing middle class in the region has more purchasing power, leading to increased spending on home furnishings. In conclusion, the Kitchen & Dining Furniture market in Southeast Asia is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The demand for functional and space-saving furniture, the popularity of modular designs, the region's culinary traditions, and the rise of e-commerce are all contributing to the market's development. As Southeast Asia continues to urbanize and its middle class expands, the market is expected to further 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.