Kitchen & Dining Furniture - Belgium

Belgium

In Belgium, the revenue generated in the Kitchen & Dining Furniture market is estimated to reach €713.90m in 2024.
It is projected to experience an annual growth rate of 1.65% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads in terms of revenue, generating €35,990m in 2024.
Looking at the per capita figures, in Belgium, each person contributes 0.00 in revenue for the year 2024.
Belgium's Kitchen & Dining Furniture market is experiencing a surge in demand for eco-friendly and sustainable products.

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

Marché

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Comparaison de régions

Monnaie

Analyst Opinion

The Kitchen & Dining Furniture market in Belgium has been experiencing significant growth in recent years.

Customer preferences: Belgian customers have shown a strong preference for high-quality and stylish kitchen and dining furniture. They value durability and functionality, as well as designs that are both modern and timeless. Belgian consumers also prioritize eco-friendly and sustainable products, which has led to an increase in demand for furniture made from natural materials such as wood and bamboo. Additionally, there is a growing interest in space-saving solutions, as many Belgians live in smaller urban apartments and require furniture that can maximize their limited living space.

Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in Belgium is the rise of online shopping. Belgian consumers are increasingly turning to online retailers to purchase furniture, as it offers convenience and a wider range of options. This trend has been further accelerated by the COVID-19 pandemic, which has forced many consumers to shop online due to lockdown measures and social distancing guidelines. As a result, e-commerce platforms and online furniture retailers have experienced significant growth in the market. Another trend in the market is the increasing demand for customized and personalized furniture. Belgian consumers are looking for unique pieces that reflect their individual style and taste. This has led to a rise in the popularity of made-to-order and customizable furniture options, where customers can choose the materials, colors, and designs that best suit their preferences. This trend is driven by the desire for personalization and the need to create a distinctive living space.

Local special circumstances: Belgium is known for its rich cultural heritage and design tradition. Belgian furniture manufacturers have a long history of craftsmanship and expertise, which has contributed to the reputation of Belgian furniture as high-quality and durable. This has positioned Belgium as a hub for design and innovation in the European furniture market. The country is also home to several renowned furniture fairs and exhibitions, which attract international buyers and showcase the latest trends and innovations in the industry.

Underlying macroeconomic factors: The strong performance of the Belgian economy has played a significant role in the growth of the Kitchen & Dining Furniture market. Belgium has a high standard of living and disposable income levels, which has enabled consumers to invest in higher-quality furniture. Additionally, the steady growth of the housing market and the increasing number of new housing projects have created a demand for new furniture. The favorable economic conditions, coupled with the changing consumer preferences, have created a conducive environment for the growth of the Kitchen & Dining Furniture market in Belgium. In conclusion, the Kitchen & Dining Furniture market in Belgium is experiencing growth due to customer preferences for high-quality, stylish, and eco-friendly furniture. The rise of online shopping and the demand for customization are driving trends in the market. Belgium's rich design tradition and strong economy are also contributing to the growth of the market.

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 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.