Kitchen & Dining Furniture - Togo

In Togo, the revenue generated in the Kitchen & Dining Furniture market is estimated to reach US$162.00k in 2024.
It is projected that the market will experience an annual growth rate of 1.07% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, with US$39bn in 2024.
In terms of per capita figures, in Togo generates a revenue of US$0.02 per person in 2024.
Togo's demand for locally-made, sustainable kitchen and dining furniture is on the rise, reflecting a growing preference for eco-friendly and ethically-sourced products.

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

Customer preferences: in Togo have shifted towards more modern and functional kitchen and dining furniture. Customers are looking for furniture that is not only aesthetically pleasing but also durable and easy to maintain. This shift in preference is driven by the increasing urbanization and modernization of Togolese households. As more people move to cities and adopt a modern lifestyle, there is a growing demand for contemporary kitchen and dining furniture that complements their living spaces.

Trends in the market: indicate a rise in the popularity of open-plan kitchen and dining areas. This trend is influenced by the desire for more spacious and versatile living spaces. open-plan layouts allow for better integration between the kitchen and dining areas, creating a more social and inclusive environment. As a result, there is a growing demand for kitchen and dining furniture that is both functional and stylish, with a focus on space optimization and multi-purpose design.

Local special circumstances: in Togo, such as cultural and social factors, also contribute to the development of the Kitchen & Dining Furniture market. Togolese cuisine is known for its rich flavors and communal dining traditions. This cultural emphasis on food and dining experiences drives the demand for high-quality kitchen and dining furniture that can accommodate large gatherings and facilitate the sharing of meals. Additionally, togo's growing middle class and increasing disposable income levels have led to an increase in consumer spending on home furnishings, including kitchen and dining furniture.

Underlying macroeconomic factors: play a significant role in the growth of the Kitchen & Dining Furniture market in Togo. The country's stable economic growth, coupled with favorable government policies and investments in infrastructure development, has created a conducive business environment for furniture manufacturers and retailers. Furthermore, togo's strategic location in West Africa and its membership in regional trade agreements, such as the Economic Community of West African States (ecowas), have facilitated the import and export of furniture, enabling market players to access a wider range of products and expand their customer base. In conclusion, the Kitchen & Dining Furniture market in Togo is experiencing growth driven by changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As Togolese households continue to embrace modern lifestyles and seek functional and stylish furniture, the market is expected to expand further 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.