Key regions: Canada, United Kingdom, Brazil, Germany, India
The Kitchen & Dining Furniture market in United Arab Emirates is experiencing significant growth due to changing customer preferences and local special circumstances.
Customer preferences: in the Kitchen & Dining Furniture market in United Arab Emirates are shifting towards modern and minimalist designs. Customers are increasingly looking for furniture that is sleek, functional, and space-saving. This trend is driven by the growing urbanization and smaller living spaces in the country. Additionally, there is a rising demand for eco-friendly and sustainable products, as customers are becoming more conscious of the environmental impact of their purchases. Trends in the market include the increasing popularity of online shopping for Kitchen & Dining Furniture. With the convenience of online platforms, customers can easily compare prices, read reviews, and make purchases from the comfort of their homes. This trend is further fueled by the covid-19 pandemic, which has accelerated the adoption of e-commerce across industries. As a result, brick-and-mortar retailers are also investing in their online presence to cater to the growing demand. Another trend in the market is the growing demand for customized and personalized Kitchen & Dining Furniture. Customers are looking for unique pieces that reflect their individual style and taste. This trend is driving the growth of bespoke furniture makers and retailers who offer customization options to their customers. Additionally, the rise of social media platforms has also played a role in driving this trend, as customers are increasingly seeking inspiration and ideas for their home decor.
Local special circumstances: in United Arab Emirates include the country's high disposable income and affluent population. The United Arab Emirates has one of the highest per capita incomes in the world, which allows customers to invest in high-quality and premium Kitchen & Dining Furniture. The country's multicultural population also contributes to the demand for diverse styles and designs in the market. Additionally, the government's focus on promoting tourism and hospitality has led to an increase in the number of hotels, restaurants, and cafes, driving the demand for commercial Kitchen & Dining Furniture. Underlying macroeconomic factors such as population growth, urbanization, and economic stability are also driving the growth of the Kitchen & Dining Furniture market in United Arab Emirates. The country's population is growing at a steady pace, leading to an increased demand for housing and furniture. Urbanization is also contributing to the growth of the market, as more people are moving to cities and living in smaller spaces. Furthermore, the economic stability of the country and its position as a regional business hub attract international furniture brands to establish a presence in the market.
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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