Kitchen and Dining Furniture Market Size, Share, Growth, and Industry Analysis, By Type (Barstools, Tables, Chairs, Benches, Dining Sets and Others) By Application (Residential and Commercial) Regional Forecast From 2024 To 2031

Updated On: 29 April 2024

Kitchen and Dining Furniture Market Report Overview

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The global kitchen and dining furniture market size was USD 26655.3 million in 2021. As per our research, the market is expected to reach USD 53433.49 million in 2031, exhibiting a CAGR of 7.2% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the global kitchen and dining furniture market experiencing high demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over. 

The global market refers to the industry that manufactures, sells, and distributes furniture for use in kitchens and dining rooms. Tables, chairs, cabinets, and other furniture pieces used in homes, restaurants, hotels, and other food service establishments around the world are included.

The demand for comfortable and visually beautiful furniture in homes and dining facilities, as well as the growing popularity of home cooking and entertaining, are driving the market growth. Furthermore, increased disposable incomes, urbanization, and changing lifestyles have all contributed to the market's expansion.

COVID-19 Impact: Pandemic has had Mixed Impact on the Market Demand

The COVID-19 pandemic has had a huge impact on the global kitchen and dining furniture business, as well as many other industries. The installation of lockdowns and limitations on public gatherings has drastically reduced demand for kitchen and dining furnishings in restaurants and other food service enterprises. On the other hand, the pandemic has increased demand for home cooking and dining, resulting in a rise in sales of kitchen and dining furnishings for household use. Furthermore, since people spend more time at home owing to the epidemic, there has been a greater emphasis on home remodelling and improvement initiatives, which has also contributed to the market's rise. 

Latest Trends

"Increasing demand for eco-friendly and sustainable products leading market trends"

The growing demand for eco-friendly and sustainable products is one of the most recent trends in the global kitchen and dining furniture market. Consumers are becoming more environmentally concerned, and they are looking for products made from sustainable resources and manufactured utilizing ecologically friendly manufacturing practices. Furthermore, as buyers seek out furniture that is both visually beautiful and utilitarian, there is an increasing trend towards minimalist and functional design. Another trend is the incorporation of technology into furnitures, such as smart appliances and connected gadgets, to improve the user experience.

Kitchen and Dining Furniture Market Segmentation

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• By Type Analysis

According to type, the global kitchen and dining furniture market can be segmented into barstools, tables, chairs, benches, dining sets, and others.

• By Application Analysis

Based on application, the market can be divided into residential and commercial.

Driving Factors

"Rising demand for comfortable and aesthetically pleasing furniture boosting market expansion"

As consumers spend more time at home, the demand for comfortable and aesthetically pleasing furniture in kitchens and dining areas is on the rise. Consumers are looking for furniture that not only looks good but also provides a comfortable and functional space for cooking, dining, and entertaining.

"Increasing popularity of home cooking and entertaining propelling product demand"

The COVID-19 pandemic has led to an increase in the popularity and kitchen and dining furniture market growth, as consumers spend more time at home due to lockdowns and restrictions on public gatherings. This has resulted in an uptick in sales of kitchen furniture for residential use. As disposable incomes rise, consumers are more willing to spend money on high-quality and stylish dining furniture. This trend is particularly evident in emerging markets, where rising incomes are leading to an increase in demand for modern and stylish furniture.

Restraining Factors

"High cost of materials and production major restraining factor to market surge"

The high cost of materials and production is a major impediment in the worldwide kitchen and dining furniture market. Furniture constructed of high-quality materials, such as solid wood, metal, or stone, can be costly to make, raising the final price. Furthermore, the industry is highly competitive, with a big number of firms operating in different countries throughout the world, which can result in price wars and smaller profit margins for companies. Another consideration is the availability of less expensive alternatives, such as plastic or particle board furniture, which may be less expensive but may not have the same level of durability or aesthetic appeal as higher-end materials. 

Kitchen and Dining Furniture Market Regional Insights

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"Growing Demand in Europe and North America Anticipated to Boost Market Expansion"

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa account for the majority of the worldwide kitchen and dining furniture market. North America and Europe are mature markets with strong penetration rates, whereas the Asia Pacific area is predicted to grow rapidly due to increased disposable incomes, urbanization, and changing lifestyles. Latin America, the Middle East, and Africa are likely to increase as well, owing to factors such as population growth, urbanization, and rising desire for modern and trendy furniture. However, economic insecurity, political unpredictability, and infrastructure constraints may pose hurdles to the market in these places.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. The top key players in the market are Hanssem, Baker, Lexington, Standard Furniture, Ashley, Kindel, Nitori, Roche Bobois, Black Red White, Copeland, Zbom, KUKAHOME, Christopher Guy, IKEA and Stanley. 

Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over global kitchen and dining furniture  market share by the key players stimulates the market growth.

List of Market Players Profiled

• Hanssem: Headquarters in Seoul, South Korea.
• Baker: Headquarters in Holland, Michigan, U.S.
• Lexington: Headquarters in High Point, North Carolina, U.S.
• Standard Furniture: Headquarters in Bay Minette, Alabama, U.S.
• Ashley: Headquarters in Arcadia, Wisconsin, U.S.
• Kindel: Headquarters in Grand Rapids, Michigan, U.S.
• Nitori: Headquarters in Sapporo, Japan.
• Roche Bobois: Headquarters in Paris, France.
• Black Red White: Headquarters in Biłgoraj, Poland.
• Copeland: Headquarters in Bradford, Vermont, U.S.
• Zbom: Headquarters in Haining, China.
• KUKAHOME: Headquarters in China.
• Christopher Guy: Headquarters in Singapore.
• IKEA: Headquarters in Delft, Netherlands.
• Stanley: Headquarters in High Point, North Carolina, U.S.

Report Coverage

This report examines an understanding of the global operating room systems market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.