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 Asia is experiencing significant growth and development due to several factors.
Customer preferences: Customers in Western Asia have shown a growing preference for stylish and modern kitchen and dining furniture. They are increasingly looking for furniture that not only serves its functional purpose but also adds aesthetic value to their homes. This shift in customer preference has led to an increase in demand for sleek and contemporary designs in the market. Additionally, customers are also placing importance on the durability and quality of the furniture, seeking products that can withstand the test of time.
Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in Western Asia is the rising popularity of open-concept kitchens. As the region becomes more urbanized, smaller living spaces are becoming the norm, and open-concept kitchens are seen as a way to maximize space and create a seamless flow between the kitchen and dining areas. This trend has led to an increased demand for compact and multifunctional furniture that can easily fit into these smaller spaces. Another trend in the market is the growing awareness and emphasis on sustainable and eco-friendly furniture. Customers in Western Asia are becoming more conscious of the environmental impact of their purchases and are actively seeking out furniture made from sustainable materials and produced using environmentally friendly manufacturing processes. This trend is driving the demand for eco-friendly kitchen and dining furniture in the region.
Local special circumstances: One of the unique circumstances in Western Asia is the strong cultural emphasis on hospitality and entertaining guests. Hosting family and friends for meals is an important part of the culture, and this has a direct impact on the demand for kitchen and dining furniture. Customers in Western Asia are willing to invest in high-quality and aesthetically pleasing furniture to create a welcoming and comfortable space for their guests.
Underlying macroeconomic factors: The economic growth and increasing disposable income in Western Asia have also contributed to the development of the Kitchen & Dining Furniture market. As people's incomes rise, they have more purchasing power and are able to invest in higher-end furniture. Additionally, the growing middle class in the region has led to an increase in demand for affordable and functional kitchen and dining furniture. In conclusion, the Kitchen & Dining Furniture market in Western Asia is experiencing growth and development due to changing customer preferences, including a preference for stylish and modern designs, the rise of open-concept kitchens, and the increasing demand for sustainable furniture. The strong cultural emphasis on hospitality and entertaining guests also plays a significant role in driving the demand for kitchen and dining furniture in the region. Additionally, the economic growth and increasing disposable income in Western Asia have contributed to the development of 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 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