Kitchen & Dining Furniture - Americas

Americas

In the Americas, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to US$43.82bn.
It is projected that the market will experience an annual growth rate of 3.72% from 2024 to 2029 (CAGR 2024-2029).
When compared to other countries around Worldwide, United States leads the market, generating US$38,810m in revenue in 2024.
Taking into account the total population, the per person revenue in the Americas for 2024 is US$43.09.
In the United States, the demand for modern and minimalist kitchen and dining furniture is on the rise, as consumers prioritize functionality and sleek designs in their homes.

Key regions: Denmark, United States, France, United Kingdom, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

The Kitchen & Dining Furniture market in Americas is experiencing significant growth due to changing customer preferences and underlying macroeconomic factors.

Customer preferences: Customers in the Americas are increasingly seeking stylish and functional kitchen and dining furniture that complements their overall home decor. They are looking for furniture pieces that are not only aesthetically pleasing but also provide practical storage solutions. Additionally, there is a growing demand for eco-friendly and sustainable furniture options in the region, as customers become more conscious of their environmental impact.

Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in Americas is the rise of online shopping. With the convenience of e-commerce platforms, customers can easily browse and purchase furniture from the comfort of their homes. This trend has been further accelerated by the COVID-19 pandemic, as more people turned to online shopping due to social distancing measures. As a result, online retailers and marketplaces are witnessing a surge in demand for kitchen and dining furniture. Another trend in the market is the increasing popularity of open-concept living spaces. Many homeowners in the Americas are opting for open floor plans, where the kitchen seamlessly flows into the dining and living areas. This has led to a demand for multifunctional furniture that can adapt to different spaces and serve multiple purposes. For example, kitchen islands with built-in dining tables or extendable dining tables that can accommodate larger gatherings.

Local special circumstances: In North America, the Kitchen & Dining Furniture market is driven by a strong housing market and a high level of disposable income. Homeowners are willing to invest in high-quality furniture that enhances their living spaces. Additionally, the prevalence of large suburban homes with spacious kitchens and dining areas creates a demand for larger furniture pieces. In Latin America, the market is influenced by cultural preferences and traditions. Family gatherings and meals are an important part of the Latin American culture, leading to a higher demand for larger dining tables and seating options. Additionally, the use of natural materials such as wood and rattan is popular in the region, reflecting the local craftsmanship and traditional aesthetics.

Underlying macroeconomic factors: The growth of the Kitchen & Dining Furniture market in Americas is supported by favorable macroeconomic factors. The region has experienced steady economic growth, leading to an increase in disposable income and consumer spending. As people's purchasing power rises, they are more willing to invest in home improvement and furniture upgrades. Furthermore, low interest rates and easy access to credit have made it easier for consumers to finance large purchases such as kitchen and dining furniture. In conclusion, the Kitchen & Dining Furniture market in Americas is witnessing growth due to changing customer preferences for stylish and functional furniture, the rise of online shopping, the popularity of open-concept living spaces, and favorable macroeconomic factors. The market is further influenced by local special circumstances such as housing trends and cultural preferences. As the region continues to develop economically, the demand for kitchen and dining furniture is expected to remain strong.

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.