Kitchen & Dining Furniture - Worldwide

In 2024, the revenue generated in the Kitchen & Dining Furniture market worldwide amounts to a substantial US$86.72bn.
This market is expected to experience annual growth of 3.51% (CAGR 2024-2029).
When compared to other countries globally, United States stands out as the top revenue generator, with a staggering US$39bn in 2024.
To put this into perspective, in 2024, each person worldwide contributes an average revenue of US$11.19 towards the Kitchen & Dining Furniture market.
This indicates the significant demand and market potential in this industry.
In countries like Italy, the market for kitchen and dining furniture is dominated by sleek, modern designs that prioritize functionality and elegance.

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 is experiencing significant growth worldwide, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: Customers are increasingly seeking kitchen and dining furniture that is both functional and stylish. They are looking for furniture that enhances the overall aesthetic of their homes while providing practical solutions for storage and organization. Additionally, there is a growing demand for eco-friendly and sustainable furniture options, as consumers become more conscious of their environmental impact.

Trends in the market: One notable trend in the Kitchen & Dining Furniture market is the rise of open-concept living spaces. Many modern homes now feature open-plan kitchens and dining areas, creating a seamless flow between the two spaces. This has led to a demand for furniture that can seamlessly integrate into these open spaces, such as kitchen islands and dining tables with built-in storage options. Another trend is the increasing popularity of minimalist and Scandinavian-inspired designs. These designs emphasize clean lines, natural materials, and neutral color palettes, creating a sense of simplicity and tranquility in the kitchen and dining areas. As a result, furniture manufacturers are focusing on producing sleek and minimalist pieces that align with these design preferences.

Local special circumstances: In North America, the Kitchen & Dining Furniture market is driven by the growing trend of home renovation and remodeling projects. Many homeowners are investing in upgrading their kitchens and dining areas, leading to an increased demand for new furniture. Additionally, the rise of online shopping has made it easier for consumers to access a wide range of furniture options, further fueling market growth. In Europe, the market is influenced by the cultural importance of dining and entertaining. Europeans place great emphasis on socializing and gathering around the dining table, leading to a demand for high-quality and durable furniture. Additionally, the compact living spaces in many European cities have led to a need for space-saving furniture solutions, such as extendable dining tables and multifunctional storage units.

Underlying macroeconomic factors: The global economic growth and rising disposable incomes have contributed to the growth of the Kitchen & Dining Furniture market. As more households have the financial means to invest in home furnishings, the demand for kitchen and dining furniture has increased. Additionally, urbanization and population growth have led to an expansion of the housing market, creating opportunities for furniture manufacturers to cater to new homeowners. In conclusion, the Kitchen & Dining Furniture market is thriving worldwide due to evolving customer preferences, emerging trends, and local special circumstances. As consumers seek functional and stylish furniture options, manufacturers are responding by producing innovative designs that align with these preferences. The market is further supported by underlying macroeconomic factors, such as economic growth and rising disposable incomes.

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.

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.