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Turkey Kitchen Furniture Market Size (2024 - 2029)

The Turkey Kitchen Furniture market is experiencing growth driven by factors such as increased urbanization, a rise in household numbers, and a demand for kitchen remodeling. The market's expansion is supported by the resurgence of commercial activities post-pandemic, which has boosted the need for kitchen furniture in commercial settings like hotels and restaurants. Despite challenges like supply chain issues and trade restrictions, Turkey's strategic location and appeal as a tourist destination continue to attract foreign investment, further fueling the market. The demand for luxury homes, spurred by legislative changes attracting foreign buyers, is also contributing to the market's growth.

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Market Size of Turkey Kitchen Furniture Industry

Turkey Kitchen Furniture Market Summary
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

Turkey Kitchen Furniture Market 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 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
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Turkey Kitchen Furniture Market Size Summary

The Turkey Kitchen Furniture market is experiencing a robust growth trajectory, driven by several key factors. The post-pandemic recovery has spurred demand in commercial sectors, with increased activity in hotels and restaurants contributing to market expansion. Despite challenges such as supply chain disruptions and reliance on imports, the market is buoyed by Turkey's strategic location, vibrant tourism, and growing foreign investments, particularly in luxury properties. The easing of citizenship laws for foreign investors has further accelerated the demand for luxury homes, thereby increasing the need for high-quality kitchen furniture. Urbanization, a rise in household numbers, and residential kitchen remodeling are significant drivers of market growth, supported by the construction sector's expansion due to population growth.

The market landscape is characterized by a mix of large, established firms and emerging mid-size and smaller businesses that are gaining traction through new contracts and market entries. The majority of kitchen furniture sales in Turkey are conducted through contracts and projects, with retail sales being relatively low. This preference for contractors over retail stores is attributed to increased disposable income and the convenience of professional services. Key players in the market include Ahsapsan, Bauhaus, Domsan, Istikbal, Kelebek, Lineadecor, Silverline, Vanucci, Veneta Cucine, and Ikea, with recent product launches highlighting ongoing innovation and product development.

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Turkey Kitchen Furniture Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Urabanization is Impacting the Market

      2. 1.2.2 Modular Kitchens are Booming the Market

    3. 1.3 Market Restraints/ Challenges

      1. 1.3.1 Fluctuation in Raw Material Costs

    4. 1.4 Market Opportunites

      1. 1.4.1 Durable and Advance technological Products

    5. 1.5 Value Chain/ Supply Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Buyers/ Consumers

      2. 1.6.2 Bargaining Power of Suppliers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Insights on Consumer Buying Behavior in Turkey Kitchen Furniture Market

    8. 1.8 Insights on Technological Disruption in Turkey Kitchen Furniture Market

    9. 1.9 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Furniture Type

      1. 2.1.1 Kitchen Cabinets

      2. 2.1.2 Kitchen Chairs

      3. 2.1.3 Kitchen Tables

      4. 2.1.4 Other Furniture Types

    2. 2.2 By Distribution Channel

      1. 2.2.1 Supermarkets and Hypermarkets

      2. 2.2.2 Specialty Stores

      3. 2.2.3 e-Commerce

      4. 2.2.4 Other Distribution Channels

Turkey Kitchen Furniture Market Size FAQs

The Turkey Kitchen Furniture Market is projected to register a CAGR of 7.10% during the forecast period (2024-2029)

Ahsapsan, Lineadecor, Bauhaus, Veneta Cucine and Ikea are the major companies operating in the Turkey Kitchen Furniture Market.

Turkey Kitchen Furniture Market Report Snapshots

Turkey Kitchen Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)