Definition:
This Living Room Furniture segment refers to movable objects that are designed to be used in a living room, which is typically a central and multi-functional space in a home. It includes items that are intended to make the room more comfortable and functional, such as seating, tables, and storage unts (e.g., TV stands, console tables, etc.)
Structure:
The Living Room Furniture segment is divided into two subsegments:
Additional Information:
The Living Room 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: Mar 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
The Living Room Furniture market in Jordan has been experiencing steady growth in recent years. Customer preferences are shifting towards more modern and contemporary designs, while still valuing comfort and functionality. This trend is in line with the global market, where consumers are increasingly seeking stylish and versatile furniture options for their living spaces. In terms of
Customer preferences: Jordanian consumers are showing a growing interest in minimalist and scandinavian-inspired designs. They are opting for furniture pieces that are sleek, clean-lined, and visually appealing. This preference for modern aesthetics can be attributed to the influence of global design trends, as well as the increasing exposure to international home decor and furniture brands. Another important factor driving the development of the Living Room Furniture market in Jordan is the demand for multi-functional furniture. With the limited space available in many Jordanian homes, consumers are looking for furniture pieces that can serve multiple purposes. This includes items such as sofa beds, storage ottomans, and modular seating arrangements. The ability to maximize space and functionality is highly valued by Jordanian consumers. In addition to these customer preferences, there are several local special circumstances that are influencing the Living Room Furniture market in Jordan. One of these is the growing number of urban dwellers, particularly in cities like Amman. As more people move into apartments and smaller homes, the demand for compact and space-saving furniture solutions is increasing. Furthermore, the rise of e-commerce has had a significant impact on the furniture market in Jordan. Online shopping platforms have made it easier for consumers to access a wide range of furniture options, both from local and international brands. This has increased competition in the market and has also given consumers more choices and convenience in their purchasing decisions. Underlying macroeconomic factors have also played a role in the development of the Living Room Furniture market in Jordan. The country has experienced stable economic growth in recent years, which has led to an increase in disposable income levels. This has allowed consumers to invest more in their homes and prioritize the purchase of quality furniture. In conclusion, the Living Room Furniture market in Jordan is developing in response to changing customer preferences,
Local special circumstances: and
Underlying macroeconomic factors:. The shift towards modern and minimalist designs, the demand for multi-functional furniture, the growth of urban living, the rise of e-commerce, and the stable economic conditions are all contributing to the growth of the market. As these trends continue, it is expected that the Living Room Furniture market in Jordan will continue to expand 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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights