Asia-Pacific Kitchen Furniture Market Size

Asia-Pacific Kitchen Furniture Market Analysis

The Asia-Pacific Kitchen Furniture Market size is estimated at USD 30.05 billion in 2024, and is expected to reach USD 39.18 billion by 2029, growing at a CAGR of 5.45% 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.