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The Europe furniture market is projected to reach a value of USD 35.93 billion from 2021 to 2026, at a CAGR of 2.95%. The Europe furniture market is a thriving industry that includes the buying and selling of various types of furniture. Countries like Germany, Italy, and France are major players in the European furniture market. The demand for sustainable and eco-friendly furniture is increasing in Europe. Germany has the highest furniture consumption per capita in Europe. Online furniture sales in Europe are expected to grow exponentially over the next five years.
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Our market trends and analysis report includes comprehensive data on drivers, trends, and challenges that will help market players stand out in the market. Online sales of furniture are gaining popularity in Europe, with many consumers preferring to shop from the comfort of their homes. Scandinavian design influences the European market with its minimalist and functional approach. Upholstered furniture holds a significant portion of the total furniture sales in Europe. Scandinavian design furniture has a major hype in the market.
One of the key factors driving the market growth is the growth of the real estate and construction industry as it contributes to an increase in the number of office spaces, commercial complexes, and residential buildings in Europe. In addition, the increase in the number of single-person and two-person households has contributed to an increase in residential construction activities. The longevity of baby boomers, growing urbanization, and the lifestyle patterns of millennials have contributed to the rising demand for customized furniture. For instance, as per the World Bank Group, the urban population as a percentage of the total population in the European Union increased from 73.9% in 2015 to 74.9% in 2020. Due to space constraints in urban areas, the demand for multifunctional furniture is also increasing. Such factors are expected to have a significant impact on the growth of the Europe furniture industry in the forecast period.
Another key factor driving the market growth is the increasing adoption of eco-friendly furniture owing to increasing concerns regarding global warming and deforestation. Biodegradable, sustainable, and renewable raw materials, such as wood, are used in the manufacturing of eco-friendly luxury furniture. North American hardwood is one of the best eco-friendly raw materials used for manufacturing eco-friendly and organic luxury furniture. Furthermore, bamboo has emerged as an eco-friendly substitute for conventional wood used for the manufacturing of luxury furniture. Vendors such as Alta Decoración ArtesMoble SL and Vermont Woods Studios LLC are among the popular manufacturers of eco-friendly and organic furniture globally. The growth of the eco-friendly and organic furniture category is being invigorated by recognition such as awards. Such factors render the rapid emergence of eco-friendly and organic furniture a vital trend, which will positively impact the market growth and trends during the forecast period.
In the European furniture industry, regulatory environments and standards are paramount to ensuring the quality and safety of furniture products. The EU furniture industry adheres to stringent standards that safeguard consumers and employees alike. Germany furniture market exemplifies adherence to high standards in its market. These regulations extend across European furniture retail, fostering a consistent level of quality. As employee welfare is crucial, compliance with these standards promotes a secure working environment. The harmonization of regulations across the EU furniture industry underscores the commitment to maintaining a high level of quality and safety in furniture products.
Factors affecting the market growth in Europe are the cost challenges faced by manufacturers and vendors. The complexities associated with the transportation of raw materials (such as wood) and furniture assemblies are reflected in the cost of the end-product. Typically, transportation costs comprise all the costs associated with the supply of raw materials to manufacturing facilities, the supply of transitional goods to production sites, the transportation of end-products to warehouses, and the delivery of finished goods to end-users, which are borne by manufacturers. In addition, the vendors are also liable to pay taxes, duties, and fuel prices. Other factors such as increasing raw material costs and labor costs are also expected to challenge the growth of the market in focus during the forecast period.
This European market growth analysis report also provides 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.
The market research and growth report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.
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 market research report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our market growth and forecasting report provides extensive information on the value chain analysis for the market, 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 Europe home furnishings market includes the following core components:
The market forecasting report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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The market growth by the offline segment will be significant during the forecast period. The growth in the offline distribution of furniture is augmented by a significant increase in the number of vendors that are expanding and operating their offline stores across Europe.
Furniture segmentation by type in Europe reflects diverse consumer preferences across countries like Germany, Poland, Italy, and France. Consumers in each country play a pivotal role in shaping furniture consumption patterns, with distinct trends in designs and preferences. Furniture manufacturers cater to this diversity, offering a wide range of products such as tables, chairs, beds, and desks. The availability of various designs further influences consumption, with suppliers adapting to regional tastes. China, a significant player in the market, also impacts consumption patterns, as European consumers seek a blend of quality, design, and affordability, making furniture segmentation a dynamic and responsive industry.
The Europe furniture market's residential segment undergoes a comprehensive analysis, encompassing diverse items like sofas, cabinets, and office furniture. As a world leader in furniture production, the sector balances comfort and design, meeting the demands of homes across Spain, the United Kingdom, and beyond. The executive summary highlights investment trends and emerging technologies, while retailers cater to evolving consumer preferences. With a significant workforce, the furniture sector plays a crucial role in the economies of these countries. As global influences, including India and Vietnam, contribute to the market dynamics, Europe's residential furniture segment remains a dynamic and evolving industry.
The European home furnishing commercial segment undergoes a detailed analysis, exploring various items such as shelves, wardrobes, and office furniture. Styles vary across Europe's furniture markets, with an emphasis on quality and design to withstand stiff competition. The European furniture industry, including the EU furniture market, experiences dynamic trade and retail activities. Showrooms and shops in Germany, a key player in the European home furnishing market, showcase diverse styles to cater to commercial needs. As the European furniture industry continues to evolve, competition drives innovation, positioning it as a significant player in the global furniture trade.
The furniture market is evolving rapidly, driven by shifts in consumer behavior, manufacturing trends, and financial constraints. Residential demand remains robust, bolstered by housing projects and the real estate industry's growth, both in residential units and hotel keys. With an increasing focus on home décor and interior decoration, consumers, especially millennials in emerging economies, are seeking affordable yet stylish options.
E-commerce platforms have transformed consumer shopping behavior, offering personalized shopping experiences and customization options. Virtual room planners and augmented reality (AR) technology allow customers to visualize furniture in their spaces before purchasing. This digital shift is complemented by robust logistics and delivery infrastructure, especially in the Asia-Pacific region, fueling the market's growth.
Environmental concerns drive demand for eco-friendly and sustainable furniture made from materials like bamboo, recycled wood, and reclaimed wood. Innovations like 3D printing further revolutionize furniture manufacturing, while recycling initiatives and regulatory frameworks support sustainability. Despite trade dynamics and competitive pressures, the industry continues to innovate, offering a diverse range of products from beds and sofas to office and kitchen furniture to meet evolving lifestyle preferences.
Europe Contract Furniture and Furnishing market - The market share 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%.
Furniture Market Scope in Europe |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 2.95% |
Market growth 2022-2026 |
USD 35.93 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.13 |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
B and B Italia SPA, BoConcept, Calligaris SPA, Colombini SPA, F. Hoffmann La Roche Ltd., Fritz Hansen, Inter IKEA Holding BV, Molteni and C SpA, Natuzzi SpA, and Poltrona Frau SPA |
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 the forecast period |
Customization purview |
If our market analysis and report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 8
2. Market Landscape
2.1 Market ecosystem
Exhibit 06: Parent market
Exhibit 07: Market Characteristics
2.2 Value Chain Analysis
Exhibit 08: Value chain analysis: Home furnishing
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Outbound logistics
2.2.5 Marketing and sales
2.2.6 Service
2.2.7 Support activities
2.2.8 Innovation
3. Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
3.4.1Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 11: Global - Market size and forecast 2021 - 2026 (million $)
Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 13: Five forces analysis 2021 - 2026
4.2 Bargaining power of buyers
Exhibit 14: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 15: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 16: Threat of new entrants
4.5 Threat of substitutes
Exhibit 17: Threat of substitutes
4.6 Threat of rivalry
Exhibit 18: Threat of rivalry
4.7 Market condition
Exhibit 19: Market condition - Five forces 2021
5. Market Segmentation by Distribution channel
5.1 Market segments
Exhibit 20 : Distribution channel- Market share 2020-2025 (%)
5.2 Comparison by Distribution channel
Exhibit 21: Comparison by Distribution channel
5.3 Offline - Market size and forecast 2021-2026
Exhibit 22: Offline - Market size and forecast 2021-2026 ($ billion)
Exhibit 23: Offline - Year-over-year growth 2021-2026 (%)
5.4 Online - Market size and forecast 2021-2026
Exhibit 24: Online - Market size and forecast 2021-2026 ($ billion)
Exhibit 25: Online- Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Distribution channel
Exhibit 26: Market opportunity by Distribution channel
6 Market Segmentation by Type
6.1 Market segments
Exhibit 27: Type - Market share 2021-2026 (%)
6.2 Comparison by Type
Exhibit 28: Comparison by Type
6.3 Living room furniture - Market size and forecast 2021-2026
Exhibit 29: Living room furniture - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Living room furniture - Year-over-year growth 2021-2026 (%)
6.4 Bedroom furniture - Market size and forecast 2021-2026
Exhibit 31: Bedroom furniture - Market size and forecast 2021-2026 ($ billion)
Exhibit 32: Bedroom furniture - Year-over-year growth 2021-2026 (%)]
6.5 Kitchen and dining - Market size and forecast 2021-2026
Exhibit 33: Kitchen and dining - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Kitchen and dining - Year-over-year growth 2021-2026 (%)
6.6 Lamps and lighting - Market size and forecast 2021-2026
Exhibit 35: Lamps and lighting - Market size and forecast 2021-2026 ($ billion)
Exhibit 36: Lamps and lighting - Year-over-year growth 2021-2026 (%)
6.7 Others - Market size and forecast 2021-2026
Exhibit 37: Others - Market size and forecast 2021-2026 ($ billion)
Exhibit 38: Others - Year-over-year growth 2021-2026 (%)
6.8 Market opportunity by Distribution channel
Exhibit 39: Market opportunity by Distribution channel
7. Customer landscape
Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 40: Customer landscape
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Growth of the real estate and construction industry
8.1.2 Rising demand for luxury furniture
8.1.3 Growth of organized retail
8.2 Market challenges
8.2.1 Cost challenges faced by manufacturers and vendors
8.2.2 Longer product replacement cycles
8.2.3 Environmental concerns related to furniture
Exhibit 41: Impact of drivers and challenges
8.3 Market trends
8.3.1 Increasing adoption of eco-friendly furniture
8.3.2 Rising number of online retailers
8.3.3 Digital marketing and social media campaigns
9. Vendor Landscape
9.1 Overview
Exhibit 42: Vendor landscape
9.2 Landscape disruption
Exhibit 43: ?Landscape disruption?
Exhibit 44: Industry Risk
9.3 Competitive Scenario
10. Vendor Analysis
10.1 Vendors Covered
Exhibit 45: Vendor Landscape
10.2 Market positioning of vendors
Exhibit 46: ?Market positioning of vendors?
10.3 B and B Italia SPA
Exhibit 47: B and B Italia SPA - Overview
Exhibit 48: B and B Italia SPA - Product and service
Exhibit 49: B and B Italia SPA - Key offerings
10.4 BoConcept
Exhibit 50: BoConcept - Overview
Exhibit 51: BoConcept - Product and service
Exhibit 52: BoConcept - Key offerings
10.5 Calligaris SPA
Exhibit 53: Calligaris SPA - Overview
Exhibit 54: Calligaris SPA - Product and service
Exhibit 55: Calligaris SPA - Key offerings
10.6 Colombini SPA
Exhibit 56: Colombini SPA - Overview
Exhibit 57: Colombini SPA - Product and service
Exhibit 58: Colombini SPA - Key offerings
10.7 F. Hoffmann La Roche Ltd.
Exhibit 59: F. Hoffmann La Roche Ltd. - Overview
Exhibit 60: F. Hoffmann La Roche Ltd. - Business segments
Exhibit 61: F. Hoffmann La Roche Ltd. - Key offerings
Exhibit 62: F. Hoffmann La Roche Ltd. - Segment focus
10.8 Fritz Hansen
Exhibit 63: Fritz Hansen - Overview
Exhibit 64: Fritz Hansen - Product and service
Exhibit 65: Fritz Hansen - Key offerings
10.9 Inter IKEA Holding BV
Exhibit 66: Inter IKEA Holding BV - Overview
Exhibit 67: Inter IKEA Holding BV - Product and service
Exhibit 68: Inter IKEA Holding BV - Key offerings
10.10 Molteni and C SpA
Exhibit 69: Molteni and C SpA - Overview
Exhibit 70: Molteni and C SpA - Business segments
Exhibit 71: Molteni and C SpA - Key offerings
10.11 Natuzzi SpA
Exhibit 72: Natuzzi SpA - Overview
Exhibit 73: Natuzzi SpA - Product and service
Exhibit 74: Natuzzi SpA - Key offerings
10.12 Poltrona Frau SPA
Exhibit 75: Poltrona Frau SPA - Overview
Exhibit 76: Poltrona Frau SPA - Product and service
Exhibit 77: Poltrona Frau SPA - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 ????Market definition
11.1.2 ????Objectives
11.1.3 ????Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 78: ?Currency conversion rates for US$?
11.3 Research Methodology
Exhibit 79: ?Research Methodology
Exhibit 80: ??Validation techniques employed for market sizing?
Exhibit 81: ??Information sources
11.4 List of abbreviations
Exhibit 82: List of abbreviations
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