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The global dining table market size was valued at USD 7.81 billion in 2023 and is projected to grow from USD 8.22 billion in 2024 and reach USD 13.71 billion by 2032, exhibiting a CAGR of 6.6% during the forecast period. Asia Pacific dominated the dining table market with a market share of 45.45% in 2023.
Tables of luxury modern designs provide an aesthetic outlook to dining spaces. These are available in different shapes, design functionalities, and price ranges in the global market. Nowadays, households prefer products of customizable minimalistic designs to have furnished home spaces under their budget. Evolving home renovation trends and households' preference for lunch tabletops of contemporary designs and textured patterns are driving the dining table market growth.
Rapid urbanization, increasing population, and rising consumer disposable income are prominent factors escalating the adoption of dining tables in various designs, materials, and shapes across countries worldwide. The product is considered an important household furniture and used for multiple purposes other than comfortable dining. It is a space for leisure time with friends and family, a virtual class for kids, and a temporary home office. These factors boost product adoption across residential end users and favor market growth. Furthermore, an increasing number of key industry players offering products online will fuel product sales in the near term. For instance, in July 2023, Coco Republic, an Australia-based furniture company, introduced its online store offering quality and affordable furniture, including dining tables, in the U.S.
The closure of upholstery shops and finishing stores due to the COVID-19-related lockdown restrictions negatively impacted the product demand in many countries globally. In addition, limited operations or closure of hospitality settings and quick-service restaurants lowered the key players’ sales from large-sized dining tables. However, the reopening of furniture shops after the loosening of the lockdown restrictions uplifted the market growth in many countries globally.
Manufacturers’ Focus Towards Producing Sustainable Dining Furniture Designs to Favor Market Growth
Nowadays, manufacturers focus on offering dining furniture products made of durable and sustainable materials such as recycled wood & plastic, oak, teak, rosewood, etc., which is creating newer business expansion opportunities for companies in the furniture industry. For instance, in April 2022, Outer, Inc., a sustainable outdoor furniture manufacturer, launched a collection of furniture products made of innovative and contemporary designs. The collection includes outdoor dinner tables, foldable chairs, and patios for the guests’ comfortable outdoor seating needs.
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Rising Number of Infrastructural Facilities to Drive Product Demand
Growing infrastructural facilities related to restaurants, coffee shops, canteens, bars, and pubs requiring the usage of large-sized dining tables are accelerating the global market growth. According to the data published by the United States Department of Agriculture (USDA), in 2021, there are 9.17 million restaurants in China, 1.2% up over the previous year. Furthermore, growing renovation and decoration trends among cafes and restaurant facilities are uplifting the product demand in these settings.
Increasing Adoption of Luxury Furniture Products to Accelerate Market Growth
Increasing household consumers’ inclination toward luxury furniture items of customizable designs & sizes and growing spending on luxury goods is accelerating product revenues globally. For instance, from the second quarter to the third quarter of the financial year 2022, Millerknoll, a Herman Miller, Inc.-owned luxury brand, reported a 74.3% jump in its net sales and reached USD 1,029.5 million.
Skin Irritation Due to Chemical-based Tables to Impact Market Growth
Incidences of skin irritation due to the usage of lounge tables with chemical-based finishes are restraining the global market growth. In addition, unorganized manufacturers' provision of counterfeit dining furniture products is negatively impacting product sales in many countries globally.
Significant Demand for Wooden Furniture to Result in Wood Segment Dominance in the Market
The global dining table market analysis can be conducted based on various material types such as wood, metal, plastic, and others. Significant consumer demand for the highly-engineered wooden tables and chairs mainly results in the wood segment holding a major market share. In addition, increasing manufacturers’ provision of furniture items with natural wooden colors and gray, white, or brown color tones is accelerating the wood segmental growth.
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Significant demand for steel-based lunch benchtops among corporate canteens and restaurants results in the metal segment generating considerable revenues.
The plastic segmental revenue is mainly driven by the continual manufacturers’ provision of recycled plastic-based dining chairs & tables of different shapes and sizes in many countries globally.
Others segment include various materials such as glass, leather, fabric, etc. shifting consumer preference toward stylish glassware tables is accelerating the others segmental growth.
Greater Number of Rectangle Sized Product Choices Result in Rectangular Segment to Hold a Major Market Share
Based on table shape, the market is segregated into oval, rectangular, round, and square. The rectangular segment holds a major market share due to the consumers’ accessibility to rectangular tables of diverse sizes, shapes, and extendable options.
However, increasing consumer demand for the space-saving round tables will drive round segmental growth.
Rising demand for square tables among households of nuclear families and rented apartments is mainly driving the square segmental revenues. Besides, growing awareness regarding the availability of oval-shaped tables is supporting the demand for such products.
Residential segment Holds a Major Market Share due to Higher Furniture Consumption Among Residencies
Based on the end-user, the market is studied across residential and commercial. Households prefer tables that can be simultaneously used as work or study tables and for dining purposes. Significant households’ consumption of multifunctional tables of compact sizes and minimalistic designs results in the residential segment holding a major dining table market share. Furthermore, increasing focus on interior designing and kitchen room decoration among households is favoring the residential segmental growth.
Growing infrastructural facilities related to restaurants, offices, public canteens, etc., are driving the product consumption rate among commercial settings.
The global market is segregated into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Asia Pacific Dining Table Market Size, 2023 (USD Billion)
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Asia Pacific market was valued at USD 3.55 billion in 2023. Asia Pacific region exhibited a major global market share due to the significant consumption of wooden furniture items among households in China and India. According to the data revealed by the China National Furniture Association (CNFA), the Chinese furniture manufacturing enterprises generated a cumulative operating income of USD 24.09 billion (RMB 173.54 billion) in the first quarter of 2022, 3.2% up over the previous year.
Nowadays, industry associations conduct exhibitions to demonstrate innovative and trending furniture items such as dinner tables, chairs, beds, sofas, home textile products, etc., in the event. For instance, in September 2023, the China National Furniture Association, in collaboration with Shanghai Sinoexpo Informa Markets International Exhibition Co., conducted the first edition of the China International Furniture Expo to demonstrate innovative products to industry manufacturers and traders. These aspects are likely to support the development of sustainable dining furniture products, favoring the Asia Pacific region’s market growth.
Evolving home renovation and product replacement trends are mainly driving the demand for such products among households in Canada and the U.S. Furthermore, the growing trend of the remote style of working and increasing consumer demand for multifunctional tables to fulfill their dining and worktable needs is accelerating the North American market growth.
Rising demand for modern extendable dining tables suitable for space management at official spaces and increasing households’ preference for ceramic dining tops that glorify the aesthetics of a kitchen area is driving the product consumption rate in Europe.
Growing trend of outdoor dining among Brazilians and Chileans is supporting the demand for such products in the South American region.
Furthermore, rising demand for cost-effective plastic-based tables among South African households is accelerating the Middle East & African market growth.
Continual Provision of Innovative Products Support to Key Players’ Business Expansion
Manufacturers operating in the market focus on offering innovative design-based products to increase their customer base globally. These efforts will support their business growth. For instance, in February 2023, Steelcase, Inc., in collaboration with the Frank Lloyd Wright Foundation, launched the Racine Collection, including various products such as dining chairs, tables, and desks. These products are made of contemporary design pieces, high-performance fabrics, materials, and tweaks for better comfort for the users.
An Infographic Representation of Dining Table Market
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The dining table report analyzes the market in-depth and highlights crucial aspects such as prominent companies, material usage, product shape, and end-user areas. Besides this, the market research report provides insights into the global market trends and highlights significant industry developments. In addition to the aspects listed above, the report of the global market outlooks several factors contributing to the market's growth over recent years.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 6.6% from 2024 to 2032 |
Unit | Value (USD Billion) |
Segmentation | By Material
By Table Shape
By End-User
By Region
|
Fortune Business Insights says that the global industry size was USD 7.81 billion in 2023 and is poised to reach USD 13.71 billion by 2032.
The global dining table market is projected to grow at a CAGR of 6.6% during the forecast period (2024-2032).
By material, the wood segment dominated the global market in 2023.
The rising number of restaurants is likely to drive the demand for such products in the market.
Steelcase Inc., GLOBAL FURNITURE USA, and Ashley Furniture Industries, Inc. are the leading players globally.
The Asia Pacific region dominated the global market in 2023.
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