0

Contract Furniture and Furnishing Market in Europe Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Mar 2022
  • Pages: 120
  • SKU: IRTNTR44614
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The contract furniture and furnishing market share in Europe is expected to increase by USD 3.72 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.32%.

This contract furniture and furnishing market in Europe research report provide valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the contract furniture and furnishing market in Europe segmentation by end-user (hospitality and food services, offices and home offices, retail stores, institutions, and others) and geography (Germany, France, UK, and Rest of Europe). The contract furniture and furnishing market in Europe report also offers information on several market vendors, including Brunner GmbH, Global Furniture Group, Haworth Inc., Herman Miller Inc., Humanscale International Holdings Ltd, ITAB Group, KI, Kinnarps AB, Steelcase Inc., and Teknion Group among others.

What will the Contract Furniture and Furnishing Market Size in Europe be During the Forecast Period?

Contract Furniture and Furnishing Market Size

Download the Free Report Sample to Unlock the Contract Furniture and Furnishing Market Size in Europe for the Forecast Period and Other Important Statistics

 

Contract Furniture and Furnishing Market in Europe: Key Drivers, Trends, and Challenges

The growing popularity of contract furniture among end-users is notably driving the contract furniture and furnishing market growth in Europe, although factors such as high cost of contract furniture and furnishing may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the contract furniture and furnishing industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Contract Furniture and Furnishing Market Driver in Europe

One of the key factors driving the contract furniture and furnishing industry growth in Europe is the declining preference for buying new furniture. In Europe, the demand for contract furniture and furnishing products is rising significantly due to the rapidly changing modern office infrastructure and setup, coupled with the high price of modern commercial furniture. In addition, several advances and innovations are witnessed by the furniture market in Europe, which further attracts the end-users to adopt them. These innovations include technological advances, product feature enhancement, and the use of raw materials. Smart furniture ready-to-assemble (RTA) furniture, multifunctional furniture, and environment-friendly furniture are some of the popular emerging trends in the market. Moreover, vendors offer a hassle-free transfer of furniture and furnishing products during the shifting of office locations. Also, users can switch between providers if the offered products do not meet their desired requirements. All these factors are propelling end-users of furniture and furnishing products toward contract solutions over brand new furniture

Key Contract Furniture and Furnishing Market Trend in Europe

Increased preference for multifunctional furniture is one of the key contract furniture and furnishing market trends in Europe that is expected to impact the industry positively in the forecast period. In an Information Technology Enabled Services (ITES) company, most of the furniture is designed to accommodate computers, laptops, switches, and cables. Also, rapidly evolving consumer demands have influenced manufacturers to introduce multifunctional and customized products. These products are standardized and sold through online and offline channels. Multifunctional furniture would also witness demand from international schools. The evolving teaching methodologies used in these schools require furniture that is multipurpose, collaborative, and portable. For instance, Herman Miller manufactures and sells the Ethospace Nurses' Station, which can be customized according to the technology used, the work process, and staffing requirements. Such factors will further support the market growth in the coming years.

Key Contract Furniture and Furnishing Market Challenge in Europe

One of the key challenges to the contract furniture and furnishing market growth in Europe is the fluctuating labor cost and raw material prices. Fluctuations in raw material cost directly impact the price of products or profit margins of manufacturers. The manufacturing of furniture and furnishing products includes procurement and use of several raw materials such as steel, iron, plastic, wood, glass, electric equipment, petroleum products, and paints. The price of these materials is subject to change and fluctuates with international prices. In addition, the fluctuations in labor costs have an impact on the manufacturing cost of furniture and furnishing products. Furthermore, high labor costs and the shift of labor toward high potential job opportunities pose a challenge to furniture and furnishing product manufacturers, consecutively impacting the market in Europe. For instance, wages are increasing in Britain, which can further negatively impact the market owing to the labor crisis. Therefore, fluctuating prices of raw materials and labor costs pose a challenge to the European contract furniture and furnishing market.

This contract furniture and furnishing market in Europe analysis report also provide detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categories the contract furniture and furnishing market in Europe as a part of the global home furnishing market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the contract furniture and furnishing market in Europe during the forecast period.

Who are the Major Contract Furniture and Furnishing Market Vendors in Europe?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Brunner GmbH
  • Global Furniture Group
  • Haworth Inc.
  • Herman Miller Inc.
  • Humanscale International Holdings Ltd
  • ITAB Group
  • KI
  • Kinnarps AB
  • Steelcase Inc.
  • Teknion Group

 

This statistical study of the contract furniture and furnishing market in Europe encompasses successful business strategies deployed by the key vendors. The contract furniture and furnishing market in Europe is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.

Product Insights and News

  • Brunner GmbH - The company offers contract furniture and furnishing for office space, public space, and others.
  • Brunner GmbH - Through the unified segment, the company offers contract furniture for office, public spaces, and care needs.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The contract furniture and furnishing market in Europe forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Contract Furniture and Furnishing Market in Europe Value Chain Analysis

Our report provides extensive information on the value chain analysis for the contract furniture and furnishing market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global home furnishing market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Contract Furniture and Furnishing Market in Europe?

Contract Furniture and Furnishing Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

35% of the market's growth will originate from Rest of Europe during the forecast period. Market growth in  Rest of Europe will be faster than the growth of the market in Germany.

Germany is another potential market for contract furniture and furnishing in Europe. The significant increase in the demand for furniture from the hospitality and healthcare sectors will facilitate the contract furniture and furnishing market growth in Germany over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Contract Furniture and Furnishing Market in Europe?

Contract Furniture and Furnishing Market Segmentation

To gain further insights on the market contribution of various segments Request for a FREE sample

The contract furniture and furnishing market share growth in Europe by the offices and home offices segment will be significant during the forecast period. The high demand for furniture and furnishing products among offices and home offices, owing to the growing number of office spaces and rising employment in Europe, will drive the market growth through this segment in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the contract furniture and furnishing market size in Europe and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

Europe Furniture -The market share in Europe is expected to increase by USD 35.93 billion from 2021 to 2026, at a CAGR of 2.95%.

Camping Furniture -The market is projected to grow by USD 121.02 million with a CAGR of 5.64% during the forecast period 2021 to 2026.

Contract Furniture And Furnishing Market Scope in Europe

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.32%

Market growth 2022-2026

$ 3.72 billion

Market structure

Fragmented

YoY growth (%)

3.79

Regional analysis

Europe

Performing market contribution

Rest of Europe at 35%

Key consumer countries

Germany, France, UK, and Rest of Europe

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Brunner GmbH, Global Furniture Group, Haworth Inc., Herman Miller Inc., Humanscale International Holdings Ltd, ITAB Group, KI, Kinnarps AB, Steelcase Inc., and Teknion Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Contract Furniture And Furnishing Market in Europe Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive contract furniture and furnishing market growth in Europe during the next five years
  • Precise estimation of the contract furniture and furnishing market size in Europe and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the contract furniture and furnishing industry in Europe  
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of contract furniture and furnishing market vendors in Europe 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03:Value chain analysis: Home furnishing

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021 - 2026
      • Exhibit 06: Europe - Market size and forecast 2021 - 2026 ($ million)
      • Exhibit 07: Europe market: Year-over-year growth 2021 - 2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2021 & 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2021

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 15: End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 16: Comparison by End-user
    • 5.3 Hospitality and food services - Market size and forecast 2021-2026
      • Exhibit 17: Hospitality and food services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 18: Hospitality and food services - Year-over-year growth 2021-2026 (%)
    • 5.4 Offices and home offices - Market size and forecast 2021-2026
      • Exhibit 19: Offices and home offices - Market size and forecast 2021-2026 ($ million)
      • Exhibit 20: Offices and home offices - Year-over-year growth 2021-2026 (%)
    • 5.5 Retail stores - Market size and forecast 2021-2026
      • Exhibit 21: Retail stores - Market size and forecast 2021-2026 ($ million)
      • Exhibit 22: Retail stores - Year-over-year growth 2021-2026 (%)
    • 5.6 Institutions - Market size and forecast 2021-2026
      • Exhibit 23: Institutions - Market size and forecast 2021-2026 ($ million)
      • Exhibit 24: Institutions - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 25: Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 26: Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 27: Market opportunity by End-user

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 29: Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 30: Geographic comparison
    • 7.3 Germany - Market size and forecast 2021-2026
      • Exhibit 31: Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 32: Germany - Year-over-year growth 2021-2026 (%)
    • 7.4 France - Market size and forecast 2021-2026
      • Exhibit 33: France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: France - Year-over-year growth 2021-2026 (%)
    • 7.5 UK - Market size and forecast 2021-2026
      • Exhibit 35: UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 36: UK - Year-over-year growth 2021-2026 (%)
    • 7.6 Rest of Europe - Market size and forecast 2021-2026
      • Exhibit 37: Rest of Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Rest of Europe - Year-over-year growth 2021-2026 (%)
    • 7.7 Market opportunity by geography
      • Exhibit 39: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 40: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 41: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 42: Landscape disruption
          • Exhibit 43: Industry risks

        10 Vendor Analysis

        • 10.1 Competitive Scenario

          11 Vendor Analysis

          • 11.1 Vendors covered
            • 11.2 Market positioning of vendors
              • 11.3 Brunner GmbH
                • 11.4 Global Furniture Group
                  • 11.5 Haworth Inc.
                    • 11.6 Herman Miller Inc.
                      • 11.7 Humanscale International Holdings Ltd
                        • 11.8 ITAB Group
                          • 11.9 KI
                            • 11.10 Kinnarps AB
                              • 11.11 Steelcase Inc.
                                • 11.12 Teknion Group

                                  12 Appendix

                                  • 12.1 Scope of the report
                                    • 12.2 Currency conversion rates for US$
                                      • 12.3 Research methodology
                                        • 12.4 List of abbreviations

                                          Research Framework

                                          Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                                          TechnavioINFORMATION SOURCES

                                          Primary sources

                                          • Manufacturers and suppliers
                                          • Channel partners
                                          • Industry experts
                                          • Strategic decision makers

                                          Secondary sources

                                          • Industry journals and periodicals
                                          • Government data
                                          • Financial reports of key industry players
                                          • Historical data
                                          • Press releases
                                          Technavio

                                          TechnavioDATA ANALYSIS

                                          Data Synthesis

                                          • Collation of data
                                          • Estimation of key figures
                                          • Analysis of derived insights

                                          Data Validation

                                          • Triangulation with data models
                                          • Reference against proprietary databases
                                          • Corroboration with industry experts
                                          Technavio

                                          TechnavioREPORT WRITING

                                          Qualitative

                                          • Market drivers
                                          • Market challenges
                                          • Market trends
                                          • Five forces analysis

                                          Quantitative

                                          • Market size and forecast
                                          • Market segmentation
                                          • Geographical insights
                                          • Competitive landscape
                                          Interested in this report?
                                          Get your sample now!
                                          Contract Furniture and Furnishing Market market growth will increase by $3.72 bn during 2022-2026.
                                          The contract furniture and furnishing market market is expected to grow at a CAGR of 4.32% during 2022-2026.
                                          Technavio has segmented the contract furniture and furnishing market market by end user (Hospitality and food services, Offices and home offices, Retail stores, Institutions, and Others) ,geography (Germany, France, UK, and Rest of Europe) , and geographic (Germany, France, UK, and Rest of Europe).
                                          Brunner GmbH, Global Furniture Group, Haworth Inc., Herman Miller Inc., Humanscale International Holdings Ltd, ITAB Group, KI, Kinnarps AB, Steelcase Inc., Teknion Group are a few of the key vendors in the contract furniture and furnishing market market.
                                          Rest of Europe will register the highest growth rate of 35% among the other regions. Therefore, the contract furniture and furnishing market market in Rest of Europe is expected to garner significant business opportunities for the vendors during the forecast period.
                                          The key factors driving the contract furniture and furnishing market market growth are:
                                          • growing popularity of contract furniture among end-users
                                          • Rising sustainable practices
                                          The contract furniture and furnishing market market vendors should focus on grabbing business opportunities from the hospitality and food services segment as it accounted for the largest market share in the base year.
                                          • What are the key global market and the regional market share?
                                          • What are the revenue-generating key market segments?
                                          • What are the key factors driving and challenging this market’s growth?
                                          • Who are the key market vendors and their growth strategies?
                                          • What are the latest trends influencing the growth of this market?
                                          • What are the variables influencing the market growth in the primary regions?
                                          • What are the factors influencing the growth of the parent market?
                                          • Off-the-shelf research reports
                                          • Reports can be tailored to meet the customer's needs
                                          • Trusted by more than 100 fortune 500 organizations
                                          • Information about the market's key drivers, trends, and challenges
                                          • Parent market analysis
                                          • Every week, 50,000 people visit our subscription platform
                                          • Detailed vendors report with competitive landscape
                                          • Covid-19 impact and recovery analysis
                                          • Data on revenue-generating market segments
                                          • Details on the market shares of various regions
                                          • Five-force market analysis

                                          Certified ISO 9001 : 2015

                                          We are ISO recognized

                                          We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

                                          We are GDPR and CCPA compliant

                                          We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

                                          Safe and Secure SSL Encrypted
                                          Technavio

                                          info
                                          close
                                          • Single:

                                            One user only.
                                            Quick & easy download option

                                          • Enterprise:

                                            Unlimited user access (Within your organization)
                                            Complimentary Customization Included

                                          2500 USD

                                          Technavio Get the report (PDF) sent to your email within minutes.

                                          Subscribe & Save

                                          Get lifetime access to our
                                          Technavio Insights

                                          Customized Report as per your Business Needs

                                          • Our analysts will work directly with you and understand your needs
                                          • Get data on specified regions or segments, competitor and Vendors
                                          • Data will be formatted and presented as per your requirements
                                          • We offer $1000 worth of FREE customization at the time of purchase

                                          Let us help you make report more suited to your requirements.

                                          • Get a competitive breakdown as per your niche industry
                                          • Customize the data with various metrics that meet your business prerequisite
                                          • Understand Revenue Sources, Customers and many more
                                          • Details on Market Share
                                          • These customizations are done in a short amount of time by our analysts and industry experts
                                          Technavio
                                          Enquire Before Buying
                                          17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>