Turkey Kitchen Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 7.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Turkey Kitchen Furniture Market Analysis
The Turkey Kitchen Furniture market has generated gross revenue of USD 418 million in the current year and is poised to register a CAGR of more than 7.1% for the forecast period.
The COVID-19 pandemic had a huge impact on the kitchen furniture industry. After the pandemic, commercial work started up, and with that, the kitchen furniture market started to grow. People are going out, traveling, and working more, so commercial kitchens in places like hotels and restaurants are helping the market grow. Unfortunately, Turkey, which usually relies on imports for their furniture, has been hit by supply chain issues and a temporary ban on global trade.
Turkey is an attractive country because of its transportation facilities, tourism, entertainment opportunities, and convention tourism. Istanbul, as a renowned city, draws the attention of investors from all around the world. The number of house sales to foreigners has accelerated in Turkey due to legislative amendments that eased citizenship with investment limits for foreigners. The rise in tourism and increase in the number of house sales to foreigners has created a demand for luxury homes, creating a need for kitchen furniture in the country. The surging urbanization, rise in the number of households, and remodeling in residential kitchens are the key market drivers. Chinese investment in Turkey has increased dramatically, and it is expected to increase in the coming years.
They generally invest in luxury properties and beautifully designed five-star managed apartments with services and excellent facilities. With an increase in investments, people increased their spending on home renovation, such as living rooms and kitchens, and they are investing in higher-quality products, which is further increasing the demand for luxury furniture and modern kitchen.
Turkey Kitchen Furniture Market Trends
The Kitchen Furniture Market is Being Driven by Rising Housing Construction
The demand for the kitchen furniture market has been increasing due to the rise in the construction sector in Turkey and is expected to grow during the forecast period driven by population growth, which in turn drives residential construction. With the increase in population every year, the need for robust infrastructure and housing have become major essentials to the nation, owing to which the construction sector is expected to grow during the forecast period. The lowest number of house sales occurred in April and May 2020, totaling around 42 thousand house transactions. The residential and foreign buyers investing in innovative and modern residential apartments in Turkey have driven demand for kitchen furniture.
Contracts Account for the Majority of Kitchen Furniture Sales
Sales through contracts include projects, building trade, and direct sales. Retail sales in Turkey happen through local craftsman shops, kitchen specialists, furniture chains, DIY stores, and e-commerce. Contracts & projects account for a major portion of Turkey's kitchen Furniture sales. Sales through retailers are very low when compared to contracts. In Turkey, the majority of kitchen furniture sales are distributed through contracts, and the remaining are distributed through retailers. In Turkey, people prefer contractors over stores because of increased disposable income and foreign investments, which makes their work easier than spending time searching for products at retailers. Contractors' furniture work will be more satisfactory than people who assemble their own kitchen by purchasing kitchen furniture products.
Turkey Kitchen Furniture Industry Overview
Few big firms currently dominate the Turkey Kitchen Furniture market in terms of market share. Mid-size and smaller businesses, on the other hand, are expanding their market presence by gaining new contracts and entering new markets, owning to technical improvements and product developments. Some of the key players in the Turkey Kitchen Furniture market are Ahsapsan, Bauhaus, Domsan, Istikbal, Kelebek, Lineadecor, Silverline, Vanucci, Veneta Cucine, Ikea, and Other prominent players.
Turkey Kitchen Furniture Market Leaders
-
Ahsapsan
-
Lineadecor
-
Bauhaus
-
Veneta Cucine
-
Ikea
*Disclaimer: Major Players sorted in no particular order
Turkey Kitchen Furniture Market News
- January 2023: IKEA launched its new range of furniture, including dining and kitchen types of furniture. Products such as sofas and kitchen cabinets are included in manufacturing and export from Turkey and are available in stores of IKEA's stores. For instance, a new LISABO / R脰NNINGE dining set, which includes 1 Table and 4 chairs, of size 140x78 cm.
- December 2022: Kelebek Furniture, one of Turkey's oldest furniture and kitchen makers, launched the Viena Dining Room Set, which provided a whole set for the dining area with accessories that include 1 Fixed Table 180*90 cm, 4 chairs, 1 bench, 1 Folding Table 160*90cm, Console Mirror and dresser Mirror.
Turkey 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. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Urabanization is Impacting the Market
4.2.2 Modular Kitchens are Booming the Market
4.3 Market Restraints/ Challenges
4.3.1 Fluctuation in Raw Material Costs
4.4 Market Opportunites
4.4.1 Durable and Advance technological Products
4.5 Value Chain/ Supply Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Bargaining Power of Buyers/ Consumers
4.6.2 Bargaining Power of Suppliers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Consumer Buying Behavior in Turkey Kitchen Furniture Market
4.8 Insights on Technological Disruption in Turkey Kitchen Furniture Market
4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Furniture Type
5.1.1 Kitchen Cabinets
5.1.2 Kitchen Chairs
5.1.3 Kitchen Tables
5.1.4 Other Furniture Types
5.2 By Distribution Channel
5.2.1 Supermarkets and Hypermarkets
5.2.2 Specialty Stores
5.2.3 e-Commerce
5.2.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Ahsapsan
6.2.2 Bauhaus
6.2.3 Domsan
6.2.4 Istikbal
6.2.5 Kelebek
6.2.6 Lineadecor
6.2.7 Silverline
6.2.8 Vanucci
6.2.9 Veneta Cucine
6.2.10 Ikea*
- *List Not Exhaustive
7. FUTURE TRENDS IN THE MARKET
8. DISCLAIMER
Turkey Kitchen Furniture Industry Segmentation
Kitchen furniture refers to the furniture installed in your kitchen to hold food, cookware, silverware, tableware, and so on. Kitchen appliances like fridges, dishwashers, and ovens are often part of kitchen cabinetry. The Turkey Kitchen Furniture Market is Segmented by Type (Kitchen Cabinets, Kitchen Chairs, Kitchen Tables, and Other Types) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, e-commerce, and Other Distribution Channels). The report offers Market size and forecasts for the Turkey Kitchen Furniture Market in value (USD) for all the above segments.
| By Furniture Type | |
| Kitchen Cabinets | |
| Kitchen Chairs | |
| Kitchen Tables | |
| Other Furniture Types |
| By Distribution Channel | |
| Supermarkets and Hypermarkets | |
| Specialty Stores | |
| e-Commerce | |
| Other Distribution Channels |
Turkey Kitchen Furniture Market Research FAQs
What is the current Turkey Kitchen Furniture Market size?
The Turkey Kitchen Furniture Market is projected to register a CAGR of 7.10% during the forecast period (2024-2029)
Who are the key players in Turkey Kitchen Furniture Market?
Ahsapsan, Lineadecor, Bauhaus, Veneta Cucine and Ikea are the major companies operating in the Turkey Kitchen Furniture Market.
What years does this Turkey Kitchen Furniture Market cover?
The report covers the Turkey Kitchen Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Turkey Kitchen Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Turkey Kitchen Furniture Industry Report
Statistics for the 2024 Turkey Kitchen Furniture market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Turkey Kitchen Furniture analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
