Market Trends of Turkey Kitchen Furniture Industry
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.
