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 Western Africa is experiencing significant growth and development. Customer preferences in the region indicate a strong demand for stylish and functional kitchen and dining furniture. Consumers are increasingly looking for furniture that not only enhances the aesthetics of their homes but also provides practical solutions for storage and organization. The rise in urbanization and the growing middle class in Western Africa have contributed to this shift in consumer preferences. As more people move to cities and adopt modern lifestyles, the demand for modern and contemporary kitchen and dining furniture has increased. Trends in the market show a growing interest in eco-friendly and sustainable furniture options. Consumers in Western Africa are becoming more conscious of the environmental impact of their purchasing decisions and are seeking furniture made from sustainable materials. This trend is driven by a combination of factors, including increased awareness of environmental issues and a desire to support local artisans and manufacturers who prioritize sustainability. Another trend in the market is the growing popularity of online shopping for kitchen and dining furniture. With the advancement of technology and the increasing availability of internet access, more consumers in Western Africa are turning to online platforms to purchase furniture. This trend is driven by convenience, as online shopping allows consumers to browse a wide range of options from the comfort of their homes, as well as access to a wider variety of products that may not be available locally. Local special circumstances in Western Africa, such as cultural traditions and preferences, also play a role in shaping the Kitchen & Dining Furniture market. In some countries, such as Nigeria and Ghana, there is a strong emphasis on hospitality and entertaining guests. This has led to a demand for larger dining sets and furniture that can accommodate large gatherings. Additionally, cultural preferences for certain materials, colors, and designs influence the choices of kitchen and dining furniture in the region. Underlying macroeconomic factors, such as economic growth and increased disposable income, are driving the development of the Kitchen & Dining Furniture market in Western Africa. As the region experiences economic growth, more consumers have the means to invest in higher quality and more expensive furniture. This, in turn, has led to an increase in the availability of higher-end kitchen and dining furniture options in the market. In conclusion, the Kitchen & Dining Furniture market in Western Africa is developing rapidly due to changing
Customer preferences: the adoption of eco-friendly practices, the rise of online shopping, local cultural preferences, and
Underlying macroeconomic factors:. These factors are shaping the market and driving the demand for stylish, functional, and sustainable kitchen and dining furniture 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