Kitchen & Dining Furniture - Asia

Asia

In 2024, the revenue generated in the Kitchen & Dining Furniture market in Asia amounts to €10.04bn.
This market is projected to experience an annual growth rate of 5.01% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, reaching €35,990m in 2024.
In terms of per capita figures, each person in Asia generates €2.21 in revenue in 2024.
In Asia, the demand for modern and minimalist kitchen and dining furniture is on the rise, particularly in countries like Japan and South Korea.

Key regions: Canada, United Kingdom, Brazil, Germany, India

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Kitchen & Dining Furniture market in Asia is experiencing significant growth and development. Customer preferences in the Kitchen & Dining Furniture market in Asia 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 in Asia, as people are living in smaller homes and apartments. Additionally, there is a rising focus on sustainability and eco-friendly materials, with customers preferring furniture made from renewable resources and with low environmental impact. Trends in the market vary across different countries in Asia. In China, for example, there is a growing demand for high-end and luxury kitchen and dining furniture. Chinese consumers are willing to invest in high-quality products that offer durability and aesthetic appeal. On the other hand, in countries like India and Indonesia, there is a rising middle class population that is driving the demand for affordable and functional kitchen and dining furniture. These customers prioritize value for money and are looking for products that offer good quality at a reasonable price. Local special circumstances also play a role in shaping the Kitchen & Dining Furniture market in Asia. In Japan, for instance, where space is limited, there is a strong emphasis on compact and multifunctional furniture. Japanese consumers value products that can serve multiple purposes and can be easily stored when not in use. In South Korea, there is a growing trend towards open-plan living spaces, which has led to an increased demand for kitchen and dining furniture that seamlessly integrates with the overall interior design. Underlying macroeconomic factors contribute to the development of the Kitchen & Dining Furniture market in Asia. The rapid economic growth in countries like China and India has resulted in a rising middle class population with increased purchasing power. As a result, more people are able to afford kitchen and dining furniture, driving the demand in the market. Additionally, the increasing urbanization and changing lifestyles in Asia have led to a greater need for functional and stylish furniture, further fueling the market growth. In conclusion, the Kitchen & Dining Furniture market in Asia is experiencing growth and development driven by

Customer preferences: for modern designs,

Local special circumstances: and

Underlying macroeconomic factors:. As the market continues to evolve, manufacturers and retailers need to adapt to these trends and cater to the specific needs and preferences of customers in different countries in Asia.

Methodology

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.