Kitchen & Dining Furniture - Canada

Canada

In Canada, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to €1.90bn.
It is projected that this market will experience an annual growth rate of 4.61% between 2024 and 2029 (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads in terms of revenue generated in this segment, with €35,990m in 2024.
Taking into account the total population figures, the per person revenue generated in Canada in 2024 is €48.58.
"Canada's market for kitchen and dining furniture is currently driven by a growing preference for sleek, modern designs."

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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Kitchen & Dining Furniture market in Canada has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in the Kitchen & Dining Furniture market in Canada have been shifting towards more modern and contemporary designs. Customers are looking for furniture pieces that are not only functional but also aesthetically pleasing. This has led to an increased demand for sleek and minimalist designs, with a focus on clean lines and neutral colors. Additionally, customers are increasingly seeking out furniture made from sustainable and eco-friendly materials, reflecting a growing concern for the environment.

Trends in the market: have also played a significant role in the development of the Kitchen & Dining Furniture market in Canada. One notable trend is the rise of open-concept living spaces, where the kitchen, dining area, and living room are seamlessly integrated. This has led to a demand for multi-functional furniture pieces that can serve multiple purposes, such as dining tables that can also be used as workspaces or storage solutions. Another trend is the increasing popularity of smart home technology, with customers looking for furniture that can be integrated with their smart devices for added convenience and control.

Local special circumstances: have also contributed to the growth of the Kitchen & Dining Furniture market in Canada. The country's multicultural population has led to a diverse range of dining preferences and traditions, creating a demand for furniture that can accommodate different dining styles. For example, there is a demand for larger dining tables to accommodate large family gatherings during holidays and special occasions. Additionally, canada's cold climate has led to a preference for furniture that is durable and can withstand harsh weather conditions.

Underlying macroeconomic factors: have also played a role in the development of the Kitchen & Dining Furniture market in Canada. The country's strong economy and high disposable income levels have allowed consumers to invest in higher-quality furniture pieces. Additionally, low interest rates have made it easier for consumers to finance their purchases, leading to increased spending on furniture. Overall, the Kitchen & Dining Furniture market in Canada is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As customers continue to prioritize modern designs, multi-functionality, and sustainability, the market is expected to continue to evolve and expand in the coming years.

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.