Aug 01 2020

Number of the month: Expenses for a new kitchen

Together with GfK, we present facts and figures about the furniture market every month. This month we are talking about the respectable sum of:

 

... that's the average amount that a customer in Germany spends on a new kitchen at a specialist retail outlet.

The background: A customer in Germany spends an average of EUR 9,687 on a new kitchen in specialist stores (furniture stores, kitchen studios, specialist kitchen stores, excluding furniture discount stores). This is 20 percent more than five years ago and even 49 percent more than ten years ago.
One factor contributing to this rapid increase in the average price of a kitchen is the increased installation of more expensive electrical appliances (such as the downcraft extractor that have become increasingly popular in recent years). However, there has also been a shift towards higher quality and thus more expensive surfaces in the case of "wood". For example, the share of lacquer has increased by more than 10 percentage points since 2011. The introduction of new surface types has also had a positive effect on price development. In recent years, there has been a shift from the significantly cheaper melamine resin fronts to lacquer laminate fronts. High-priced "niche products" such as real concrete and real wood have also contributed to an increase in kitchen prices. In summary, it can be said that the trend towards higher quality, better equipped kitchens has made such a positive price development in the retail sector possible.

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