Kitchen & Dining Furniture - Greece

Greece

In Greece, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to €90.97m.
The market is projected to experience an annual growth rate of 2.36% (CAGR 2024-2029).
When compared on a global scale, in the United States generates the highest revenue in this segment, reaching €35,990m in 2024.
Taking into account the total population figures, the per person revenue in Greece for 2024 is €8.83.
Greek consumers are increasingly opting for minimalist and functional kitchen & dining furniture designs to complement their Mediterranean-inspired homes.

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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Kitchen & Dining Furniture market in Greece has experienced significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances.

Customer preferences: in Greece have shifted towards more modern and minimalist designs in kitchen and dining furniture. Consumers are increasingly looking for furniture that is functional, stylish, and space-saving. This trend is in line with global market preferences, as consumers seek to create a contemporary and streamlined look in their homes.

Trends in the market: also play a significant role in the development of the Kitchen & Dining Furniture market in Greece. One notable trend is the increasing popularity of open-plan living spaces, where the kitchen and dining areas are integrated into a single space. This trend has created a demand for furniture that seamlessly blends with the overall design aesthetic of the living area. Additionally, there is a growing interest in eco-friendly and sustainable materials, as consumers become more conscious of their environmental impact.

Local special circumstances: in Greece have also contributed to the growth of the Kitchen & Dining Furniture market. The tourism industry is a significant driver of the Greek economy, attracting millions of visitors each year. This has led to an increase in demand for high-quality kitchen and dining furniture in hotels, restaurants, and vacation rentals. Additionally, the Greek culture places a strong emphasis on family and communal dining, creating a demand for larger dining tables and seating options. Underlying macroeconomic factors have also played a role in the development of the Kitchen & Dining Furniture market in Greece. The country has experienced economic recovery in recent years, following a period of financial crisis. This has resulted in increased consumer confidence and disposable income, leading to higher spending on home furnishings. Furthermore, the growth of e-commerce has made it easier for consumers to access a wide range of kitchen and dining furniture options, contributing to market growth. Overall, the Kitchen & Dining Furniture market in Greece is developing in response to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. As consumers seek modern and minimalist designs, furniture that integrates seamlessly into open-plan living spaces, and eco-friendly materials, the market is expected to continue its growth trajectory. Additionally, the strong emphasis on family and communal dining, along with the recovery of the Greek economy and the rise of e-commerce, will further contribute to market expansion.

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.