Kitchen & Dining Furniture - Turkey

Turkey

In Turkey, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to €329.20m.
It is projected that the market will experience an annual growth rate of 0.35% (CAGR 2024-2029).
When comparing in Turkey to other countries globally, in the United States generates the highest revenue in this segment, with €35,990m in 2024.
In terms of per person revenues in Turkey, it amounts to €3.82 in 2024, when considering the total population figures.
Turkey's growing middle class is driving demand for modern and functional kitchen and dining furniture.

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Kitchen & Dining Furniture market in Turkey has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the Kitchen & Dining Furniture market in Turkey have shifted towards more modern and minimalist designs. Consumers are increasingly looking for furniture pieces that are sleek, functional, and space-saving. This shift in preferences can be attributed to the influence of global design trends and the growing popularity of open-concept living spaces in urban areas. Additionally, customers are placing greater emphasis on the quality and durability of the furniture, seeking products that will last for a long time. Trends in the market indicate a growing demand for multifunctional furniture in Turkey. With limited living spaces in urban areas, consumers are looking for furniture that can serve multiple purposes and maximize the use of available space. For example, dining tables with built-in storage compartments or extendable features are becoming increasingly popular. Similarly, kitchen islands with integrated seating or storage options are in high demand. These trends reflect the need for practical and versatile furniture solutions that can adapt to changing lifestyles.

Local special circumstances: also play a role in the development of the Kitchen & Dining Furniture market in Turkey. The country's rich culinary culture and tradition of gathering around the table for meals have contributed to the importance placed on kitchen and dining furniture. Turkish consumers value the aesthetics of their dining spaces and take pride in creating inviting and comfortable environments for their families and guests. This cultural aspect drives demand for high-quality and visually appealing furniture pieces. Underlying macroeconomic factors have also influenced the Kitchen & Dining Furniture market in Turkey. The country has experienced sustained economic growth in recent years, leading to an increase in disposable income levels. As a result, consumers have more purchasing power and are willing to invest in higher-quality and more expensive furniture. Additionally, urbanization and the growth of the middle class have contributed to the expansion of the market, as more people move to cities and seek to furnish their new homes. In conclusion, the Kitchen & Dining Furniture market in Turkey is developing in response to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The shift towards modern and minimalist designs, the demand for multifunctional furniture, the importance placed on aesthetics and cultural traditions, and the country's economic growth and urbanization all contribute to the growth and 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.