Kitchen & Dining Furniture - EU-27

EU-27

In 2024, the revenue in the Kitchen & Dining Furniture market in the EU-27 amounts to US$23.05bn.
It is projected that the market will experience an annual growth rate of 2.96% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, reaching US$38,810m in 2024.
In terms of per person revenues, the EU-27 generates US$51.50 per capita in 2024.
In Germany, the demand for modern and minimalist kitchen and dining furniture is on the rise, with a focus on functionality and space-saving designs.

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

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Analyst Opinion

The Kitchen & Dining Furniture market in EU-27 is experiencing steady growth due to changing customer preferences and underlying macroeconomic factors.

Customer preferences: In recent years, there has been a shift in customer preferences towards more modern and minimalist kitchen and dining furniture designs. Customers are increasingly looking for furniture that is not only functional but also aesthetically pleasing and fits well with their overall home decor. This trend is driven by the growing influence of interior design trends and the desire for a more cohesive and stylish living space. Additionally, customers are also seeking furniture that is durable and easy to maintain, as they are becoming more conscious of the quality and longevity of their purchases.

Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in EU-27 is the increasing demand for eco-friendly and sustainable furniture options. Customers are becoming more aware of the environmental impact of their purchases and are actively seeking out furniture made from sustainable materials such as bamboo or reclaimed wood. This trend is driven by a growing concern for the environment and a desire to make more responsible purchasing decisions. In addition, there is also a rising demand for space-saving furniture solutions, particularly in urban areas where living spaces are often limited. Customers are looking for innovative and multifunctional furniture designs that can maximize the use of available space.

Local special circumstances: Each country within the EU-27 has its own unique set of circumstances that influence the Kitchen & Dining Furniture market. For example, in countries with a strong culinary culture such as Italy and France, there is a higher demand for high-quality and luxurious kitchen and dining furniture. On the other hand, in countries with a more minimalist and practical approach to design, such as Germany and the Nordic countries, there is a preference for simple and functional furniture. Additionally, economic factors such as income levels and housing market conditions also play a role in shaping customer preferences and purchasing power.

Underlying macroeconomic factors: The Kitchen & Dining Furniture market in EU-27 is influenced by several macroeconomic factors. Economic growth and stability are key drivers of market growth, as they increase consumer confidence and purchasing power. In recent years, the EU-27 has experienced a period of economic recovery, which has positively impacted the Kitchen & Dining Furniture market. Additionally, demographic factors such as population growth and urbanization also contribute to market growth, as they create a higher demand for housing and furniture. Lastly, technological advancements and the rise of e-commerce have also had a significant impact on the market, as they have made it easier for customers to access a wide range of furniture options and make purchases online.

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.