Asia-Pacific Kitchen Furniture Market Size (2024 - 2029)

The Asia-Pacific kitchen furniture market is experiencing growth driven by urbanization and remodeling trends in residential kitchens, alongside increasing demand in the hotel industry due to rising travel and tourism. The market's expansion is further supported by the construction sector's investment in smart city projects and the growing per capita income in developing countries, which boosts demand. Additionally, the market is influenced by the need for aesthetically advanced and technologically innovative furniture, with major manufacturers implementing marketing strategies in developing economies to stimulate sales. The preference for space-saving and efficient storage solutions, as well as specific interior color trends, are also contributing to the market's growth, particularly in the modular kitchen segment.

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Market Size of Asia-Pacific Kitchen Furniture Industry

Asia-Pacific Kitchen Furniture Market (2024 - 2029)
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 12.68 Billion
Market Size (2029) USD 16.54 Billion
CAGR (2024 - 2029) 5.47 %
Market Concentration Low

Major Players

Asia-Pacific Kitchen Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

Asia-Pacific Kitchen Furniture Market Analysis

The Asia-Pacific Kitchen Furniture Market size is estimated at USD 12.68 billion in 2024, and is expected to reach USD 16.54 billion by 2029, at a CAGR of 5.47% during the forecast period (2024-2029).

  • The market for kitchen furniture in the Asia-Pacific region is growing due to urbanization and remodeling in residential kitchens. Kitchen furniture includes fitted units and other wooden furniture for preparing food or storing food. This furniture is becoming popular in the hotel industry due to increasing travel and tourism. 
  • The use of kitchen furniture in commercial, household, and other industries is driving the growth of the kitchen furniture market across the region. In addition, the construction sector is investing in the development of smart city projects, which is expected to create new opportunities for kitchen furniture industry players. Moreover, the growing per capita income in developing countries in the Asia-Pacific region will increase the demand for kitchen furniture.
  • The Asia-Pacific furniture market is expected to grow due to increasing demand for aesthetically advanced furniture and technological innovations. Major furniture manufacturers, such as IKEA, have adopted various marketing schemes, mainly in developing economies, which have recently triggered sales. 
  • The growing demand for space-saving and efficient storage among consumers and the rising consumer preference for charcoal grey, champagne, and cream colors of interiors are expected to propel the growth of the Asia-Pacific modular kitchen market. The increasing residential construction and renovation activities across the globe are also important drivers for the Asia-Pacific modular kitchen market.

Asia-Pacific Kitchen Furniture Industry Segmentation

Kitchen furniture is any furnishing found in a kitchen. This can include larger pieces like cabinets, countertops, and sinks, as well as smaller items like tables and chairs. 

The market is segmented by type, distribution channel, end-user, and geography. By type, the market is segmented into kitchen cabinets, kitchen chairs, kitchen tables, and other types. By distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, e-commerce, and other distribution channels. By end user, the market is segmented into residential and commercial. By geography, the market is segmented into India, China, Japan, South Korea, Thailand, Indonesia, Vietnam, and the rest of Asia-Pacific. 

The report offers the market sizes and forecasts in value (USD) for the above segments.

Product
Kitchen Cabinets
Kitchen Chairs
Kitchen Tables
Other Types
Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
Ecommerce
Other Distribution Channels
End-user
Residential
Commercial
Geography
India
China
Japan
South Korea
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
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Asia-Pacific Kitchen Furniture Market Size Summary

The Asia-Pacific kitchen furniture market is experiencing robust growth, driven by factors such as urbanization, increasing disposable incomes, and a booming real estate sector. The demand for kitchen furniture is being propelled by the need for well-designed and functional kitchens in both residential and commercial properties. This trend is further amplified by the rise of open-plan living spaces and modular kitchens, which are becoming increasingly popular among consumers. The market is also benefiting from the growing tourism and hospitality industry, where kitchen furniture is essential for hotels and restaurants. Technological innovations and the demand for aesthetically advanced furniture are contributing to the market's expansion, with major players like IKEA leveraging marketing strategies to boost sales in developing economies.

China stands out as a leading market within the region, with its rapidly growing middle class and urbanization trends driving demand for modern and multifunctional kitchen furniture. The rise of e-commerce has made it easier for Chinese consumers to access a wide range of kitchen furniture options, further fueling market growth. The fragmented nature of the market sees major players dominating, but mid-size and smaller companies are gaining traction through technological advancements and product innovations. Companies like Godrej and Boyce, ZBOM Cabinets Co., Ltd., GoldenHome, OPPEIN, and IKEA are key players, with recent developments focusing on innovative designs and improved shopping experiences.

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Asia-Pacific Kitchen Furniture Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

      1. 1.1.1 Market Drivers

        1. 1.1.1.1 Growing Population is Expected to Drive the Growth of this Market

        2. 1.1.1.2 Increased Demand for Modern Kitchen Design

    2. 1.2 Market Restraints

      1. 1.2.1 Fluctuating Raw Material Costs

    3. 1.3 Market Opportunities

      1. 1.3.1 Demand for Space-Saving and Efficient Storage

    4. 1.4 Value Chain/Supply Chain Analysis

    5. 1.5 Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Insights on Consumer Buying Behaviour in Asia-Pacific Kitchen Furniture Market

    7. 1.7 Insights on Technological Disruption in Asia-Pacific Kitchen Furniture Market

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product

      1. 2.1.1 Kitchen Cabinets

      2. 2.1.2 Kitchen Chairs

      3. 2.1.3 Kitchen Tables

      4. 2.1.4 Other Types

    2. 2.2 Distribution Channel

      1. 2.2.1 Supermarkets and Hypermarkets

      2. 2.2.2 Specialty Stores

      3. 2.2.3 Ecommerce

      4. 2.2.4 Other Distribution Channels

    3. 2.3 End-user

      1. 2.3.1 Residential

      2. 2.3.2 Commercial

    4. 2.4 Geography

      1. 2.4.1 India

      2. 2.4.2 China

      3. 2.4.3 Japan

      4. 2.4.4 South Korea

      5. 2.4.5 Thailand

      6. 2.4.6 Indonesia

      7. 2.4.7 Vietnam

      8. 2.4.8 Rest of Asia-Pacific

Asia-Pacific Kitchen Furniture Market Size FAQs

The Asia-Pacific Kitchen Furniture Market size is expected to reach USD 12.68 billion in 2024 and grow at a CAGR of 5.47% to reach USD 16.54 billion by 2029.

In 2024, the Asia-Pacific Kitchen Furniture Market size is expected to reach USD 12.68 billion.

Asia-Pacific Kitchen Furniture Market Report Snapshots

Asia-pacific Kitchen Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)