Kitchen & Dining Furniture - Sweden

Sweden

In Sweden, the Kitchen & Dining Furniture market generates a revenue of €1.51bn in 2024.
It is projected to experience an annual growth rate of 6.92% (CAGR 2024-2029).
When compared globally, in the United States leads the market with a revenue of €35,990m in 2024.
Taking into account the total population, the per person revenue in Sweden amounts to €141.30 in 2024.
"Sweden's kitchen and dining furniture market is experiencing a surge in demand for minimalist, Scandinavian designs."

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Kitchen & Dining Furniture market in Sweden has been experiencing steady growth in recent years. Customer preferences have shifted towards more modern and minimalist designs, with a focus on functionality and space-saving solutions. This trend is driven by the increasing number of small apartments and houses in urban areas, where space is limited. Additionally, the growing popularity of open-plan living spaces has led to a higher demand for multi-functional furniture that can be easily integrated into different areas of the home. In terms of trends in the market, there has been a rise in the use of sustainable materials and eco-friendly production methods. Swedish consumers are becoming increasingly conscious of the environmental impact of their purchasing decisions and are willing to pay a premium for products that are made from renewable resources and have a low carbon footprint. This trend is also influenced by government initiatives and regulations aimed at promoting sustainability in the furniture industry. Another trend in the market is the increasing popularity of online shopping. Swedish consumers are embracing the convenience and wide product selection offered by online retailers. This shift in consumer behavior has prompted traditional brick-and-mortar stores to adapt their business models and invest in e-commerce platforms. Online retailers are also able to offer competitive prices due to lower overhead costs, which has further contributed to the growth of the online market. Local special circumstances in Sweden have also influenced the development of the Kitchen & Dining Furniture market. The country has a strong design heritage and is known for its minimalist and functional approach to furniture design. This has led to the emergence of local furniture brands that cater to the specific tastes and preferences of Swedish consumers. These brands often prioritize quality and craftsmanship, which resonates with the local market. Underlying macroeconomic factors have also played a role in the growth of the Kitchen & Dining Furniture market in Sweden. The country has a strong economy with high levels of disposable income, which has increased consumer purchasing power. Additionally, low interest rates and favorable lending conditions have made it easier for consumers to finance large purchases such as furniture. These factors have contributed to a positive consumer sentiment and a willingness to invest in home furnishings. In conclusion, the Kitchen & Dining Furniture market in Sweden is experiencing growth due to

Customer preferences: for modern and functional designs, the use of sustainable materials, the popularity of online shopping, local design influences, and favorable macroeconomic conditions.

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.