Enjoy complimentary customisation on priority with our Enterprise License!
The Europe - Contract Furniture and Furnishing Market size is forecast to increase by USD 4.75 billion at a CAGR of 5.1% between 2023 and 2028. The market is being driven by a surge in demand for workplace solutions, including Hospitality, Healthcare, and Education Furniture, emphasizing Workspace Solutions and Ergonomic Furniture. Project-based Furnishing and Custom Furniture are gaining traction, alongside increased interest in Sustainable Practices, driving Product Innovation and Regulatory Compliance. Design Consultation and Space Planning services are crucial for tailored solutions, ensuring Quality Assurance and meeting Consumer Preferences.
Industry Applications span Retailers to Interior Design Firms, with a focus on Furniture Procurement and Turnkey Solutions. E-commerce Platforms and Design Centers play pivotal roles, supported by Furniture Installation and Value-added Services, ultimately enhancing Workplace Design and Customer Satisfaction.
For more highlights about this market growth and forecasting report, Download Free Sample in a Minute
The hospitality and food services segment is estimated to witness significant growth during the forecast period. In this segment, these products are used in different sectors. Moreover, dining, bedroom, storage, kitchen, bathroom, and screens are some of the these products used in these sectors. Therefore, the sectors is expected to fuel the hospitality and food services segment.
Get a glance at the market contribution of various segments Download the PDF Sample
The hospitality and food services segment was the largest segment and was valued at USD 4.65 billion in 2018. In addition, hotels are undergoing a massive transformation to personalize products and experiences to customer business needs. Furthermore, the effortless through the e-commerce platform that offers some choices for hotels and restaurants has fuelled the sales in the region. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
The surge in demand for workplace solutions, including Hospitality and Healthcare Furniture, drives market growth. Contract furniture and furnishing products gain popularity for their durability in commercial settings. Rising preference for ergonomic seating and workspace optimization enhances productivity. However, the high cost of Contract-Furniture poses a challenge. Manufacturers focus on Product Specification and Brand Positioning to meet client needs.
Sustainable practices, such as Furniture Rental and Material Sourcing, address environmental concerns. Contract Furniture Suppliers and Facility Management Companies play vital roles in delivering tailored solutions. Effective Project Management Services ensure market success despite challenges in Manufacturing Processes and Fabrication Techniques.
The growing demand for workplace solutions propels market expansion. Contract-furniture and furnishing solutions gain traction among end-users for their durability and suitability in commercial settings like hotels, restaurants, bars, and educational institutions. These products adhere to rigorous commercial standards and utilize high-quality, ergonomic materials for prolonged usage.
Moreover, there's a rising preference for ergonomic seating and workspace optimization, reflecting companies' focus on enhancing employee comfort and productivity. Businesses also seek innovative retail fixtures for improved product display. Contract design services are pivotal in delivering tailored solutions to meet specific commercial needs. With a spotlight on furniture-manufacturing and workspace optimization, the market anticipates sustained growth ahead.
The rising sustainable practices are emerging trends in the market. The market trend in Europe highlights a growing concern for environmental issues, particularly deforestation caused by the use of high-quality wood materials such as hardwood, softwood, lumber, and timber. Besides, adopting sustainable practices in the market can help mitigate the negative environmental impacts. Sustainable furniture, for example, is manufactured using eco-friendly materials that are easily recycled or repurposed.
Additionally, sustainable furniture-companies are focused on reducing the environmental impact of their products by using reclaimed materials or non-toxic furniture stains. Hence, such factors are positively impacting the market. These factors are expected to drive the market during the forecast period.
The high cost of contract furniture and furnishing is a major challenge impeding the market growth. Contract-furniture is innovative furnitures that offers a high-value proportion to end-users in terms of productivity and aesthetics. However, it comes at a high cost, making it difficult for end-users to buy new furniture whenever they want to renovate or change their office infrastructure. Commercial furniture is more durable to withstand excessive use.
Moreover, due to the requirement for high-quality construction, contract-furniture products tend to come at a higher price. Hence, consumers prefer contract furniture and furnishing products, which can be adopted at a low cost. Such factors can negatively impact the market during the forecast period.
The market encompasses a diverse range of sectors, including commercial interiors, hospitality furnishings, and institutional furniture. Companies specializing in interior design solutions and workspace design offer customized furnishings and fit-out services to cater to the unique needs of various commercial spaces.
From modern office layouts to collaborative workspaces, the emphasis is on creating ergonomic and functional environments. Interior renovation services play a crucial role in optimizing workspaces and enhancing productivity.
With a focus on market growth analysis and market research and growth, businesses in this sector rely on accurate market forecasting and market forecasts to make informed decisions and adapt to evolving trends. This approach ensures that furnishing solutions meet the demands of clients across diverse industries in the European market.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report forecasts market growth and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Market Scope |
|
Report Coverage |
Details |
Page number |
157 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.1% |
Market Growth 2024-2028 |
USD 4.75 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.65 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Brunner GmbH, C P Mobelsysteme GmbH and Co. KG, Forest Sofa Ltd., Global Furniture Group, Haworth Inc., HMY Group, Humanscale International Holdings Ltd., Isku Yhtyma Oy, ITOKI Corp., KI, Kinnarps AB, Koninklijke Ahrend BV, MillerKnoll Inc., Ofita SA, Pioneer Contract FurnitureLtd., Sitraben Contract FurnitureLtd., Steelcase Inc., Teknion Group, Verco Office FurnitureLtd., and Vitra International AG |
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, and Market condition analysis for the 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. |
We can help! Our analysts can customize this market research report to meet your requirements.
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.