Kitchen & Dining Furniture - Eastern Asia

Eastern Asia

In Eastern Asia, the revenue generated in the Kitchen & Dining Furniture market reaches €6.52bn in 2024.
It is projected to experience an annual growth rate of 6.11% (CAGR 2024-2029).
Comparing globally, in the United States leads in revenue generation with €35,620m in 2024.
When considering the population, the per person revenue stands at €3.99 in 2024.
In Eastern Asia, the demand for minimalist and space-saving kitchen and dining furniture is on the rise.

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

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Región

Comparación de regiones

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Analyst Opinion

The Kitchen & Dining Furniture market in Eastern Asia is experiencing steady growth and development. Customer preferences in Eastern Asia are driving the demand for Kitchen & Dining Furniture. The region has a strong cultural emphasis on food and dining, and this is reflected in the furniture choices of consumers. Eastern Asian consumers prefer furniture that is both functional and aesthetically pleasing. They look for furniture that is durable, easy to clean, and has a modern design. Additionally, there is a growing trend towards smaller and more compact furniture pieces to accommodate the limited space in many Eastern Asian homes. One of the key trends in the Kitchen & Dining Furniture market in Eastern Asia is the increasing popularity of eco-friendly and sustainable furniture options. As environmental awareness grows, consumers are becoming more conscious of the materials used in their furniture. They are seeking out products that are made from sustainable materials such as bamboo or recycled wood. This trend is driven by a combination of consumer demand and government initiatives promoting sustainable practices. Another trend in the market is the rise of online shopping. Eastern Asian consumers are increasingly turning to e-commerce platforms to purchase Kitchen & Dining Furniture. Online shopping offers convenience, a wide range of options, and competitive pricing. This trend is also fueled by the covid-19 pandemic, which has led to an increase in online shopping across various industries. Local special circumstances in Eastern Asia also contribute to the development of the Kitchen & Dining Furniture market. For example, in countries like China and Japan, there is a strong emphasis on traditional craftsmanship and design. This has led to the production of high-quality, artisanal furniture that appeals to both domestic and international consumers. Additionally, the region's rapid urbanization and growing middle class have resulted in increased disposable income and a higher demand for home furnishings. Underlying macroeconomic factors play a significant role in the growth of the Kitchen & Dining Furniture market in Eastern Asia. Economic stability and rising incomes have led to increased consumer spending on home furnishings. Additionally, government policies promoting domestic consumption and the development of the furniture industry have also contributed to market growth. Furthermore, the region's strong manufacturing capabilities and export-oriented economies have enabled Eastern Asian countries to become major players in the global furniture market. In conclusion, the Kitchen & Dining Furniture market in Eastern Asia is experiencing growth and development driven by

Customer preferences: trends in the market,

Local special circumstances: and

Underlying macroeconomic factors:. The region's cultural emphasis on food and dining, along with a growing demand for eco-friendly options and online shopping, are shaping the market. Additionally, factors such as traditional craftsmanship, urbanization, rising incomes, and government policies are also contributing to the market's growth.

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.