Kitchen & Dining Furniture - Indonesia

Indonesia

In Indonesia, the revenue generated in the Kitchen & Dining Furniture market is projected to reach US$156.90m in 2024.
It is anticipated that the market will experience an annual growth rate of 0.00% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads with a revenue of US$38,810m in 2024.
In terms of per capita revenue, each person in Indonesia is estimated to contribute US$0.56 in 2024.
The demand for traditional Indonesian-style dining furniture is on the rise in Indonesia, reflecting a growing appreciation for the country's cultural heritage.

Key regions: Denmark, United States, France, United Kingdom, Germany

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Analyst Opinion

The Kitchen & Dining Furniture market in Indonesia has been experiencing significant growth in recent years.

Customer preferences: Indonesian customers have shown a growing interest in kitchen and dining furniture, as they increasingly prioritize creating stylish and functional spaces in their homes. With the rise of social media platforms like Instagram and Pinterest, there has been a growing trend of consumers seeking inspiration for home decor and design. As a result, customers are looking for furniture that not only serves its practical purpose but also adds aesthetic value to their homes.

Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in Indonesia is the increasing demand for modern and minimalist designs. Customers are opting for sleek and clean lines, with a preference for furniture made from materials such as wood, glass, and metal. This trend is driven by the desire for a contemporary and sophisticated look that complements the overall interior design of the home. Additionally, there is a growing interest in multifunctional furniture that maximizes space utilization, especially in urban areas where living spaces are often limited. Another trend in the market is the popularity of eco-friendly and sustainable furniture. With a growing awareness of environmental issues, Indonesian customers are increasingly seeking furniture made from sustainable materials and produced using environmentally friendly manufacturing processes. This trend is also influenced by the global movement towards sustainable living and responsible consumption.

Local special circumstances: Indonesia's large population and growing middle class have contributed to the growth of the Kitchen & Dining Furniture market. As more people move into urban areas and live in smaller spaces, the demand for compact and space-saving furniture has increased. Additionally, the cultural significance of food and dining in Indonesian society has also played a role in driving the demand for kitchen and dining furniture.

Underlying macroeconomic factors: The overall economic growth of Indonesia has had a positive impact on the Kitchen & Dining Furniture market. As the country's economy continues to expand, household incomes are rising, allowing more people to afford higher-quality furniture. Additionally, the government's initiatives to promote the manufacturing sector and encourage foreign investment have also contributed to the growth of the market. These factors have created a favorable business environment for both local and international furniture manufacturers and retailers.

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 segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.