Kitchen & Dining Furniture - Denmark

Denmark

In Denmark, the revenue generated in the Kitchen & Dining Furniture market is projected to reach €655.60m in 2024.
It is anticipated that the market will experience an annual growth rate of 7.15% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads in terms of revenue, generating €35,990m in 2024.
In relation to the total population, each person in Denmark is estimated to contribute €110.40 in revenue in 2024.
The Danish market for kitchen & dining furniture is characterized by sleek, minimalist designs that prioritize functionality and quality craftsmanship.

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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Kitchen & Dining Furniture market in Denmark has been experiencing significant growth in recent years. Customer preferences in Denmark have shifted towards more modern and minimalist designs, as well as sustainable and eco-friendly materials. This trend is in line with global market trends, where consumers are increasingly seeking furniture that is both stylish and environmentally conscious. In terms of

Customer preferences: Danish consumers are known for their appreciation of clean and functional design. They value furniture that is not only aesthetically pleasing, but also practical and easy to maintain. This has led to a rise in demand for kitchen and dining furniture that is made from durable and easy-to-clean materials such as wood, metal, and glass. Additionally, Danish consumers are increasingly interested in furniture that is produced sustainably and has a minimal environmental impact. This has led to a growing demand for furniture made from recycled materials or from sustainable sources. One of the key trends in the Kitchen & Dining Furniture market in Denmark is the increasing popularity of open-plan living spaces. Many Danish homes now feature open-plan kitchens that are seamlessly integrated with the dining and living areas. This has created a demand for furniture that is versatile and can be easily adapted to different functions. For example, dining tables that can be extended to accommodate larger gatherings or kitchen islands that can be used for food preparation and as a dining area. Another trend in the market is the growing popularity of smart kitchen and dining furniture. With the rise of smart home technology, Danish consumers are increasingly interested in furniture that can be connected to their smart devices. This includes features such as built-in charging stations, wireless charging pads, and integrated speakers. These smart features not only enhance the functionality of the furniture, but also cater to the tech-savvy lifestyle of Danish consumers. In terms of local special circumstances, Denmark is known for its high quality and craftsmanship. Danish furniture manufacturers are renowned for their attention to detail and use of high-quality materials. This reputation has helped to establish Denmark as a hub for design and innovation in the furniture industry. Danish furniture brands such as Hay, Muuto, and Normann Copenhagen are highly regarded both domestically and internationally. Underlying macroeconomic factors have also contributed to the growth of the Kitchen & Dining Furniture market in Denmark. The country has a strong economy and a high standard of living, which has led to increased consumer spending on home furnishings. Additionally, Denmark has a strong tradition of design and innovation, which has fostered a favorable business environment for furniture manufacturers and designers. In conclusion, the Kitchen & Dining Furniture market in Denmark is experiencing growth due to changing customer preferences, including a shift towards modern and sustainable designs. The market is also influenced by trends such as open-plan living spaces and the integration of smart technology.

Local special circumstances: such as denmark's reputation for quality and craftsmanship, and

Underlying macroeconomic factors: such as a strong economy and design culture, have also contributed to the market's development.

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.