Latin America Kitchen Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 2.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Latin America Kitchen Furniture Market Analysis
The Latin Kitchen Furniture Market offers a large variety of kitchen organizers and seating options. Wood, glass, fibre, metal, and other materials are used to make kitchen furniture, with the majority of the wood coming from Brazil. The authentic, handcrafted classic American kitchen furniture designs are primarily found in Latin American countries, causing the Latin Kitchen furniture market to grow over the forecast period.
A new trend of custom-made furniture is carefully designed to satisfy high standards and match varied tastes and expectations across Latin America, inspired by European style with a blend of Brazilian flavours. Because of their large customer bases, the Brazil, Peru, and Columbia markets have contributed significantly to regional expansion. The need for kitchen furniture cabinets, storage, and countertops is expected to rise as new buildings are constructed. Peru has seen a rise in traditional furniture styles, resulting in a surge in demand for Latin American kitchen furniture from abroad.
The figures have become less predictable because of changes in consumer habits at least partly brought about by the pandemic because of a sudden change in expenditure behaviours by the families. The coronavirus pandemic has shown an impact on the proper functioning of whole furniture industry in various countries of Latin America. Peru was hit hard across the Latin America region by COVID-19 which decreased its trade-in first three quarters of 2020 by a huge rate. However, Brazil furniture sales rose in April from the previous month as consumers increased purchases of furniture and related goods thus, leading the market in an upward trend throughout the forecast period.
Latin America Kitchen Furniture Market Trends
This section covers the major market trends shaping the Latin America Kitchen Furniture Market according to our research experts:
Growing Wood Furniture Exports from Brazil is Driving the Market Growth
In the kitchen furniture market, wood is the most commonly utilised material. Brazilian wooden furniture exports climbed 30.5% in value in February 2021 compared to February 2020, followed by a 0.3% fall in 2019 compared to 2018. The United States, Uruguay, the United Kingdom, France, Canada, and the Netherlands are the main destinations for Brazilian wooden furniture exports. Following a significant drop in 2019, exports to the United Kingdom increased for three of the four quarters, with only April-June deliveries falling short of expectations, and Brazil exports in Q4 of 2020 more than doubled those in Q4 of 2019. June and July 2020 were exponential months and this growth happened due to the pandemic.
Continuous Growth in Construction is Driving the Market
Since the decade, the continuous increase in residential and commercial constructions, with the highest growth seen in Detached Prestige Houses, followed by High Rise Apartments, and Aged Care units in various regions of Latin America, primarily focusing on Brazil, Columbia, Argentina, and Chile, has led to economic development and the growth of kitchen furniture in the region. In the future years, this increase and demand for kitchen furniture are expected to continue.
Latin America Kitchen Furniture Industry Overview
The Latin America Kitchen Furniture Market is very competitive and highly fragmented across different countries like Brazil, Columbia, Peru offering a huge number of competitive players that are dominating the market, grabbing market more powerfully by the mergers and acquisitions and traditional kitchen furniture designs are led by Peru Market has made the Latin America Kitchen Furniture Market very competitive and strong. International chains and their brands such as IKEA, Eastvold Furniture are widely famous and leading the market. Latin American groups such as Techni Mobili, Politorno, Wasaniaga, Arteqiri have been focusing on innovating modern and contemporary designs and leading the Latin America Kitchen Furniture Market for a long time.
Latin America Kitchen Furniture Market Leaders
-
Linea Brasil
-
Dalla Costa
-
Techni Mobili
-
Santos Andira
-
Politorno
*Disclaimer: Major Players sorted in no particular order
Latin America Kitchen Furniture Market News
- In 2021, the Santos Andira Furniture brand made a first-time purchase online platform out of hundreds of Brazilian companies, as a result of the pandemic, a vital new market for the country's biggest retailers. Stores are adapting their strategies - and pursuing merger and acquisition (M&A) to help smooth the transition to internet shopping for inexperienced customers. In four months, Santos made five more online purchases with Via Varejo salesmen's help, generating commissions for the store's agents.
Latin America Kitchen Furniture Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXCEUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints/ Challenges
- 4.4 Value Chain/ Supply Chain Analysis
-
4.5 Porter's Five Forces Analysis
- 4.5.1 Threat of new Entrants
- 4.5.2 Bargaining Power of Buyers/ Consumers
- 4.5.3 Bargaining Power of Suppliers
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Insights on Consumer Buying Behaviour in Latin America Kitchen Furniture Market
- 4.7 Insights on Technological Disruption in Latin America Kitchen Furniture Market
- 4.8 Impact of Covid-19 on the Market
5. MARKET SEGMENTATION
-
5.1 By Product Type
- 5.1.1 Kitchen Cabinet
- 5.1.2 Kitchen Chair
- 5.1.3 Kitchen Table
- 5.1.4 Others
-
5.2 By End User
- 5.2.1 Residential
- 5.2.2 Commercial
-
5.3 By Distribution Channel
- 5.3.1 Hypermarkets/ Supermarkets
- 5.3.2 Specialty Stores
- 5.3.3 e-Commerce
- 5.3.4 Other Distribution Channels
-
5.4 By Geography
- 5.4.1 Brazil
- 5.4.2 Peru
- 5.4.3 Columbia
- 5.4.4 Rest Latin America
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
-
6.2 Company Profiles
- 6.2.1 Fontenla
- 6.2.2 Dalla Costa
- 6.2.3 Techni Mobili
- 6.2.4 Arteqiri
- 6.2.5 IKEA
- 6.2.6 LineaBrasil
- 6.2.7 Politorno
- 6.2.8 Santos Andira
- 6.2.9 Ashley Furniture*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. DISCLAIMER
** Subject To AvailablityLatin America Kitchen Furniture Industry Segmentation
The Latin America Kitchen Furniture is one of the most widely demanded Kitchen Furniture as the people are more preferring the urbane and modern kitchen furniture for which the Latin America manufacturers found much efficient. A complete background analysis of the Latin America Kitchen Furniture Market, which includes an assessment of the economy, market overview, market size estimation for key segments, and emerging trends in the market, market dynamics, and key company profiles are covered in the report. The Latin America Kitchen Furniture Market is Segmented By Product Type (Kitchen Cabinets, Kitchen Chairs, Kitchen Tables and Others), By Distribution Channel (Supermarkets, Specialty Stores, e-Commerce, and Other Distribution Channels), By End User (Residential, Commercial) and By Geography (Brazil, Peru, Colombia and Rest of Latin America).
| By Product Type | Kitchen Cabinet |
| Kitchen Chair | |
| Kitchen Table | |
| Others | |
| By End User | Residential |
| Commercial | |
| By Distribution Channel | Hypermarkets/ Supermarkets |
| Specialty Stores | |
| e-Commerce | |
| Other Distribution Channels | |
| By Geography | Brazil |
| Peru | |
| Columbia | |
| Rest Latin America |
Latin America Kitchen Furniture Market Research FAQs
What is the current Latin America Kitchen Furniture Market size?
The Latin America Kitchen Furniture Market is projected to register a CAGR of less than 2% during the forecast period (2024-2029)
Who are the key players in Latin America Kitchen Furniture Market?
Linea Brasil, Dalla Costa, Techni Mobili, Santos Andira and Politorno are the major companies operating in the Latin America Kitchen Furniture Market.
What years does this Latin America Kitchen Furniture Market cover?
The report covers the Latin America Kitchen Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Kitchen Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Latin America Kitchen Furniture Industry Report
Statistics for the 2024 Latin America Kitchen Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Kitchen Furniture analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
