Kitchen & Dining Furniture - Israel

Israel

In Israel, the revenue generated in the Kitchen & Dining Furniture market is estimated to reach €397.00m in 2024.
It is projected to experience an annual growth rate of 2.35% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, amounting to €35,620m in 2024.
In terms of per person revenues, in Israel generates approximately €42.63 in 2024.
Israel has seen a rise in demand for modern and minimalist kitchen and dining furniture, reflecting the country's contemporary design aesthetic.

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

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Analyst Opinion

The Kitchen & Dining Furniture market in Israel has been experiencing steady growth in recent years.

Customer preferences: Israeli consumers have shown a growing interest in modern and stylish kitchen and dining furniture. They prefer sleek designs with clean lines and a minimalist aesthetic. Functionality is also a key consideration, with consumers looking for furniture that is practical and easy to maintain. Additionally, there is a demand for furniture that is space-saving, as many Israeli households have limited kitchen and dining areas.

Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in Israel is the increasing popularity of open-plan living spaces. Many new homes and apartments are being designed with open kitchens that seamlessly blend into the dining and living areas. This has led to a demand for furniture that can create a cohesive and visually appealing look in these multi-functional spaces. Another trend in the market is the growing interest in eco-friendly and sustainable furniture. Israeli consumers are becoming more conscious of the environmental impact of their purchasing decisions and are seeking out furniture made from sustainable materials and produced using environmentally friendly manufacturing processes. This trend is also driven by the global movement towards sustainability and the increasing availability of eco-friendly furniture options.

Local special circumstances: Israel is a small country with a relatively high population density. This has led to a limited availability of land for housing, resulting in smaller living spaces. As a result, there is a higher demand for compact and space-saving furniture in the Kitchen & Dining Furniture market. Manufacturers and retailers have responded to this demand by offering a wide range of space-saving furniture options, such as extendable dining tables and modular kitchen cabinets.

Underlying macroeconomic factors: The overall economic stability and growth in Israel have played a significant role in the development of the Kitchen & Dining Furniture market. A strong economy has increased consumer purchasing power and confidence, leading to higher spending on home furnishing products. Additionally, the growing urbanization and increasing number of households in Israel have contributed to the demand for kitchen and dining furniture. In conclusion, the Kitchen & Dining Furniture market in Israel is experiencing growth due to customer preferences for modern and functional furniture, the popularity of open-plan living spaces, the demand for eco-friendly options, and the local special circumstance of limited living space. The underlying macroeconomic factors of economic stability and urbanization have also contributed to the market's development.

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.