Key regions: Canada, United Kingdom, Brazil, Germany, India
The Kitchen & Dining Furniture market in Southern Europe has been experiencing steady growth in recent years. Customer preferences for stylish and functional furniture, along with local special circumstances and underlying macroeconomic factors, have contributed to this positive trend.
Customer preferences: in Southern Europe have shifted towards modern and contemporary designs in kitchen and dining furniture. Consumers are increasingly looking for furniture that is not only aesthetically pleasing, but also practical and space-saving. This trend can be attributed to the growing number of small apartments and houses in urban areas, where space is limited. Additionally, there is a rising demand for eco-friendly and sustainable furniture options, as consumers become more conscious of their environmental impact. These preferences align with global market trends, as consumers worldwide are increasingly valuing functionality, sustainability, and modern design in their furniture choices. In terms of market trends, Southern European countries have seen an increase in online sales of kitchen and dining furniture. The convenience and accessibility of online shopping have attracted a growing number of consumers to purchase furniture online. This trend has been further accelerated by the covid-19 pandemic, which has led to an increase in online shopping across various industries. As a result, e-commerce platforms and online furniture retailers have gained popularity in the region. However, traditional brick-and-mortar stores still play a significant role in the market, as many consumers prefer to physically see and test the furniture before making a purchase.
Local special circumstances: in Southern Europe also contribute to the development of the Kitchen & Dining Furniture market. The region is known for its rich culinary traditions and emphasis on family meals and gatherings. As a result, there is a high demand for dining furniture that can accommodate large families and social events. This includes dining tables with extendable options and chairs that are comfortable for extended periods of sitting. Additionally, Southern European countries have a strong culture of hospitality, with many households hosting guests regularly. This has led to a demand for kitchen furniture that is both functional and aesthetically pleasing, as homeowners aim to create a welcoming and inviting environment for their guests.
Underlying macroeconomic factors: such as population growth, urbanization, and disposable income levels, also play a role in the development of the Kitchen & Dining Furniture market in Southern Europe. As the population continues to grow and urban areas expand, the demand for furniture, including kitchen and dining furniture, increases. Rising disposable income levels enable consumers to invest in higher quality and more expensive furniture options. These factors create a favorable environment for the growth of the market. Overall, the Kitchen & Dining Furniture market in Southern Europe is experiencing growth due to customer preferences for modern and functional designs, the rise of online sales, local special circumstances related to culinary traditions and hospitality, and underlying macroeconomic factors such as population growth and disposable income levels.
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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