Market Size of North America Kitchen Furniture Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR (2024 - 2029) | 2.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Kitchen Furniture Market Analysis
The North America Kitchen Furniture Market is expected to register a CAGR of greater than 2% during the forecast period.
The North American kitchen furniture includes fitted kitchen units as well as other wooden furniture used for preparing food and for food storage. Some of the major factors fueling the market growth include urbanization, rising construction, and increased remodeling activities in residential kitchens.
The increased construction of new buildings is projected to increase the furniture demand for kitchen furniture cabinets, storage, countertops, and other components. New growth opportunities with improved consumer purchasing behavior from the new generation provide an excellent opportunity for industry players. New aesthetic designs of the product by adopting different variants of colors along with numerous texture shades are offering an attractive portfolio in the region. Moreover, the market is witnessing a strong pull from online retailers such as Amazon, Cymax Stores, Dunham, etc.
The market was negatively impacted by COVID-19 in 2020 in its sales through the retail segment, during the same period significance of e-commerce in kitchen furniture observed growth with e-commerce platforms offering various designs and models of furniture products accelerating the growth of the market. In addition to this, increase in remote working trend among the population leads people to spend more time in home, as a result significance of kitchen furniture observed an increase.
The North American industry is expected to witness strong demand for kitchen furniture owing to the rising demand for upholstered furniture. With a rising competion in the kitchen furniture market product differention exist as the only strategy for maximizing customer base. Hotels, colleges, schools, hospitals, urban areas, and commercial office spaces exist as a major customer base for kitchen furniture market.
North America Kitchen Furniture Industry Segmentation
The kitchen furniture market refers to the industry that designs, manufactures, and sells products related to the kitchen, including cabinets, countertops, sinks, faucets, and other fixtures.
The North America kitchen furniture market is segmented by furniture type, distribution channel, and geography. The market by furniture type is further segmented into kitchen cabinets, kitchen chairs, kitchen tables, and other furniture. The market by distribution channel is further segmented into supermarkets and hypermarkets, specialty stores, e-commerce, and other distribution channels. The market by geography is further segmented by the United States and Canada. The report offers market size and forecasts for the North American kitchen furniture market in value (USD) for all the above segments.
By Furniture Type | |
Kitchen Cabinets | |
Kitchen Chairs | |
Kitchen Tables | |
Others |
By Distribution Channel | |
Supermarkets and Hpermarkets | |
Specialty Stores | |
e-Commerce | |
Other Distribution Channel |
By Geography | |
United States | |
Canada |
North America Kitchen Furniture Market Size Summary
The North America kitchen furniture market is poised for growth, driven by factors such as urbanization, increased construction activities, and a surge in residential kitchen remodeling. The market encompasses a range of products, including fitted kitchen units and wooden furniture for food preparation and storage. The demand for kitchen furniture is further bolstered by the evolving consumer preferences for aesthetic designs and the availability of diverse color and texture options. The rise of e-commerce has significantly impacted the market, with online retailers like Amazon and Wayfair offering a broad spectrum of kitchen furniture products, enhancing consumer access and convenience. The trend towards remote working has also contributed to the increased significance of kitchen furniture, as people spend more time at home.
The competitive landscape of the North American kitchen furniture market is characterized by a high degree of fragmentation, with numerous players vying for market share. International brands such as IKEA and Eastvold Furniture, along with North American companies like American Woodmark and Vermont Wood Studios, are leading the market through innovation and strategic expansions. The United States stands out as a key market, with a steady increase in demand for kitchen cabinets and other furniture products. The post-pandemic recovery in the restaurant construction sector further signals a positive outlook for the market. Initiatives like IKEA's Buy Now, Pay Later program and significant investments in omnichannel strategies underscore the industry's focus on enhancing customer accessibility and experience.
North America Kitchen Furniture Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increase in expenses for Kitchen and Dining Furniture
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1.2.2 Increase in Per Capita Income of the population
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1.3 Market Restraints
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1.3.1 Rise in Average CPI for furniture and bedding
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1.3.2 Declining expenditure on kitchen and dining rooms per consumer unit
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1.4 Market Opportunities
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1.4.1 Increasing Market size of restaurant construction sector
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1.4.2 Increasing Average hours per day spend in Food preperation and clean up
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights on Consumer Buying Behaviour in North America Kitchen Furniture Market
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1.7 Insights on Technological Disruption in North America Kitchen Furniture Market
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1.8 Impact of Covid-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Furniture Type
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2.1.1 Kitchen Cabinets
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2.1.2 Kitchen Chairs
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2.1.3 Kitchen Tables
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2.1.4 Others
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2.2 By Distribution Channel
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2.2.1 Supermarkets and Hpermarkets
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2.2.2 Specialty Stores
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2.2.3 e-Commerce
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2.2.4 Other Distribution Channel
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2.3 By Geography
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2.3.1 United States
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2.3.2 Canada
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North America Kitchen Furniture Market Size FAQs
What is the current North America Kitchen Furniture Market size?
The North America Kitchen Furniture Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in North America Kitchen Furniture Market?
Ashley Furnitures, Steelcase, American Woodmark, Maiden Home and Vermont Wood Studios are the major companies operating in the North America Kitchen Furniture Market.