Australia Kitchen Furniture - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029

Australia Kitchen Furniture - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029

The Australia Kitchen Furniture Market size is estimated at USD 0.55 billion in 2024, and is expected to reach USD 0.71 billion by 2029, growing at a CAGR of 5.23% during the forecast period (2024-2029).

The Australian kitchen furnishing industry is made up of different sectors including cabinet making, furniture making, furniture finishing and upholstery. It is dominated mainly by small businesses. In the past few years there has been a loss of furniture manufacturing due to increased imports from China. It has been cheaper to send Australian native timbers to China to manufacture furniture and then ship finished products back to the retail industry. One sector of the furnishing industry that has blossomed recently is kitchen installation due to the growth in housing. most cabinet makers are producing ready-to-fit kitchens and bathroom cabinets, usually from manufactured board, and rarely make a piece of furniture from solid natural timber.

Australian kitchen standards provide specific guidelines, rules and technical specifications regarding how kitchen cabinetry is to be built, used or installed in either domestic or commercial applications. The kitchen furniture and products supply market in Australia is a multi-billion-dollar industry. The gradual recovery in the residential construction sector paves way for enhanced demand for new household and commercial items.

There is also a niche industry within kitchen manufacturing for those who are environmentally aware. These manufacturers use recycled and sustainable materials. Their kitchen designs are simple for ease of manufacturing. The finishes for bench tops and doors are environmentally friendly.

Australia Kitchen Furniture Market Trends

Modern Kitchens

There are many choices when it comes to selecting a kitchen style. Sleek, cutting-edge, free from clutter, the modern-style kitchen is ideal for homeowners who desire secret spaces, cleverly concealed behind sleek doors and want to include conveniences of the 21st-century appliances and gadgets. Clean finishes and smooth lines, today's modern kitchens are fashionable yet, minimalist at its best. Modern kitchens savvy the 'mid-century modern philosophy' of 'form follow function' and stand for a clear 'Less is More' approach to the kitchen.

A modern kitchen is a neat, clean and orderly kitchen. They often use beautiful stone benchtops (can be natural or engineered stone), smooth drawers and recessed lighting. Storage solutions can include island bench cut out shelves and open shelving. Besides, integrated fridges, pull out pantries and pull out bins are ideal.

Smart Kitchen on the Rise

The major appliance makers all focus their research and development spend on delivering new functions you need in appliances before one even realize they need them. The changes in kitchen technology are being driven by the arrival of the Internet of Things (IoT), which simply refers to everyday household devices that can collect and share data through the internet. According to some reports in 2018, the average Australian home had 17.1 connected devices in 2018, up from 13.7 in 2017.

While the developers busily create the 'middleware' that will make IoT devices talk to each other and become truly useful, there's already a raft of exciting technological breakthroughs in kitchen appliances - and a few more on the horizon.

Induction cooktops aren't new but their functionality has advanced hugely. Functions that gives one complete cooking freedom when you're preparing multiple dishes or cooking with large pots. When activated, this function lets you choose between three different modes that accommodate cookware of different shapes and sizes, and a mode combining all four zones to create one enormous cooking area.

Various appliances like built in ovens with latest technologies, fridges with smart features like see through doors and advanced temperature control; smart stoves etc. are on the rise.

Australia Kitchen Furniture Industry Overview

Australia kitchen furniture market is highly competitive, with the presence of major international players. The market studied presents opportunities for growth during the forecast period, which is expected to further drive the market competition. With multiple players holding significant shares, the market studied is competitive.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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