Kitchen & Dining Furniture - Iran

Iran

In 2024, the revenue in the Kitchen & Dining Furniture market in Iran amounts to €204.30m.
It is projected that the market will experience an annual growth rate of -3.43% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, amounting to €35,990m in 2024.
In terms of per capita revenue, in Iran generates €2.28 per person in 2024.
Iran's growing middle class is fueling an increased demand for high-quality and luxurious kitchen and dining furniture.

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 Iran is experiencing significant growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in Iran are shifting towards more modern and stylish kitchen and dining furniture. As the population becomes more urbanized and affluent, there is a growing demand for furniture that reflects a contemporary lifestyle. Customers are looking for sleek designs, high-quality materials, and functional features in their kitchen and dining furniture. This shift in preferences is driving the market towards more innovative and aesthetically pleasing products.

Trends in the market: are also contributing to the growth of the Kitchen & Dining Furniture market in Iran. One emerging trend is the increasing focus on sustainability and eco-friendly materials. Customers are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from renewable resources or recycled materials. This trend is driving manufacturers to develop new products and processes that align with sustainable practices. Another trend in the market is the rise of online shopping. The convenience and accessibility of e-commerce platforms have made it easier for customers to browse and purchase kitchen and dining furniture. Online retailers are offering a wide range of products at competitive prices, attracting customers who prefer the convenience of shopping from home. This trend is driving the growth of the online Kitchen & Dining Furniture market in Iran.

Local special circumstances: also play a role in the development of the Kitchen & Dining Furniture market in Iran. The country has a rich cultural heritage and a tradition of hospitality, which includes gathering around a table for meals. This cultural value creates a strong demand for kitchen and dining furniture, as Iranians place importance on creating welcoming and comfortable spaces for dining and entertaining. This unique cultural context provides a favorable environment for the growth of the market.

Underlying macroeconomic factors: are also contributing to the growth of the Kitchen & Dining Furniture market in Iran. The country has a young and growing population, with a rising middle class that has increasing purchasing power. As disposable incomes increase, more people are able to afford kitchen and dining furniture, driving demand in the market. Additionally, Iran has been experiencing economic reforms and liberalization, which have created a more favorable business environment for manufacturers and retailers. In conclusion, the Kitchen & Dining Furniture market in Iran is growing due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards more modern and stylish furniture, the focus on sustainability, the rise of online shopping, the cultural value of dining, and the country's young population and economic reforms all contribute to the development of the market.

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.