Living & Dining Room Market Growth & Trends
The global living & dining room market size is expected to reach USD 203.9 billion by 2028, registering a CAGR of 4.5% over the forecast period, according to a new report by Grand View Research, Inc. The market growth is owing to the rising demand for Airia desks & media cabinets in the Asia Pacific. Growing demand for living & dining room cabinet products is anticipated to refuel the market growth. Moreover, the rising popularity of premium coffee tables in the U.S. is further anticipated to boost the market growth over the assessment period.
Living & Dining Room Market Segmentation
Grand View Research has segmented the global living & dining room market based on type, distribution channel, and region.
Based on the Type Insights, the market is segmented into Coffee, Dining & Other Tables, Living & Dining Room Cabinets And Storage
- The living & dining room cabinets and storage segment contributed to the highest share of over 55% in the global market revenue in 2021. The segment offers an adjustable flowery wenge finish-based kitchen cabinet. The growing adoption of embossed sideboards is escalating the market growth. The rising demand for camber mini sideboards in the U.S. will enhance the sales of the dining room cabinets and storage segment during the forecast period. Additionally, the availability of several living and dining room products on online portals and e-commerce websites is expected to create numerous opportunities for key market players to expand their product portfolios and generate new revenue streams.
- The coffee, dining & other tables segment will register the highest growth over the forecast period. The segment is expected to grow at a CAGR of 5.2% over the forecast period. This can be credited to the growing demand for coffee tables, study tables, laptop tables, and computer tables in Europe.
Based on the Distribution Channel Insights, the market is segmented into Offline and Online.
- Offline segment contributed a share of more than 75% of the global market revenue in 2021. The necessity of household furniture will evaluate the scope of the living & dining room furniture business. The growing drift of the consumers to give a preference for jett sideboard is projected to boost the market growth. Moreover, the segmental growth is attributed to the ease of availability of walnut finish-based kitchen cabinet products in the furniture shops.
- Online segment is projected to register the fastest growth during the forecast timeline. This growth is owing to the acceleration of the e-commerce industry across the world. Fast go-to-market time, customer data insights, and content marketing strategy are the prime features of the online sales channel. The increased focus of furniture suppliers to adopt e-commerce portals is attributed to boosting the market. The rise in consumer inclination towards online shopping channels and the growth of the global e-commerce industry is expected to contribute to the growth of the market.
Living & Dining Room Regional Outlook
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Key Companies Profile & Market Share Insights
The prime key players are focusing to launch wooden prelam storage products. However, implementing powder coating methodologies will improve the sales statistics of the global market. Multiple companies are targeting the expansion and launches of value-added premium coffee table products in the market.
Some of the prominent players operating in the global living & dining room market include,
- KOKUYO Co., Ltd.
- Okamura Corporation
- Godrej & Boyce Manufacturing Company Limited
- Inter IKEA Systems B.V.
- HNI Corporation
- Kimball International, Inc.
- Herman Miller, Inc.
- AFC Systems
- Ashley Furniture Industries, Inc.
- Berco Design
Order a free sample PDF of the Living & Dining Room Market Intelligence Study, published by Grand View Research.
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