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:
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.
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
Most recent update: Mar 2024
Source: Statista Company Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
The Kitchen & Dining Furniture market in Southern Africa is experiencing significant growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.
Customer preferences: in the Kitchen & Dining Furniture market in Southern Africa are shifting towards modern and functional designs. Consumers are increasingly looking for furniture pieces that not only provide comfort but also enhance the aesthetic appeal of their homes. This has led to a rise in demand for sleek and contemporary kitchen and dining furniture that complements the overall interior design of the living space. Additionally, there is a growing preference for furniture that is durable and easy to maintain, as consumers in Southern Africa value long-lasting and practical products.
Trends in the market: indicate a rise in the adoption of eco-friendly and sustainable kitchen and dining furniture. Southern African consumers are becoming more conscious of the environmental impact of their purchasing decisions and are actively seeking furniture made from sustainable materials. This trend is driven by a combination of factors, including increased awareness of climate change, government initiatives promoting sustainability, and the influence of global sustainability movements. As a result, manufacturers and retailers in the region are focusing on offering environmentally friendly options to cater to this growing demand.
Local special circumstances: in Southern Africa, such as the diverse cultural heritage and unique design preferences, also contribute to the development of the Kitchen & Dining Furniture market. Each country in the region has its own distinct cultural influences and design traditions, which influence consumer preferences for furniture. For example, in South Africa, there is a growing demand for furniture that incorporates traditional African design elements, such as intricate patterns and natural materials. This creates opportunities for local artisans and manufacturers to showcase their craftsmanship and offer products that cater to these specific preferences.
Underlying macroeconomic factors: such as population growth, urbanization, and rising disposable incomes, are driving the growth of the Kitchen & Dining Furniture market in Southern Africa. The region has a young and growing population, which translates into a larger consumer base for furniture products. Moreover, rapid urbanization in major cities has led to an increase in the number of households and a higher demand for furniture. As incomes rise, consumers are willing to invest in higher-quality furniture that meets their evolving needs and aspirations. In conclusion, the Kitchen & Dining Furniture market in Southern Africa is experiencing growth driven by changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. With a shift towards modern and functional designs, a growing demand for eco-friendly options, unique cultural influences, and favorable macroeconomic conditions, the market is poised for further development in the region.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights