Europe Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.60 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Furniture Market Analysis
European high-end furniture is one of the largest and growing segments in the furniture industry, which was hit hard by the COVID-19 pandemic. The market experienced a constant year-on-year growth rate during the review period (2017-2020), which saw a sudden drop during 2020 due to the COVID-19 outbreak.
Europe plays a key role in the global furniture industry not only in terms of production but also in terms of market and international trade values. Europe remains the world's second-largest furniture manufacturing region and is the headquarters of some of the biggest and most important global players. Germany, Italy, and Poland are the main exporting countries at a global level. Europe has a long history of furniture manufacturing. The industry can combine new technologies and innovation with cultural heritage, tradition, and style, providing jobs for skilled workers and is also a world leader in the high-end furniture market segment. An increase in rising consumption is one of the key factors propelling the growth of the Europe furniture market. The Europe furniture market's growth in the future will be driven by growing demand for eco-friendly furniture, modern & luxury furniture, hotels & restaurants, raw materials from suppliers, reduction of high-cost transportation to manufacturers.
Europe Furniture Market Trends
This section covers the major market trends shaping the Europe Furniture Market according to our research experts:
Increasing Demand for Office Furniture Driving the Market
Office furniture includes desks, chairs, storage cabinets, and other items used for various purposes like cabinet meetings, desks for placing devices, logistics, and cafeteria. An increase in the employment rate is one of the factors raising the demand for office furniture. Increasing demand for office furniture coupled with rising investment in office spaces is anticipated to positively impact the growth of the Europe furniture market during the forecast period. Office furniture's evolving with new designs and styles attractively, convince & comfortable to consumers, the demand for branded furnishing has increased, and companies from various countries are driving the Europe furniture market.
Raising Furniture Online Sales in the Market
Ecommerce is increasing in Europe as customers prefer to shop online instead of in physical stores. The changing trends in the home and living concepts are transforming customers' buying patterns. The emergence of new opportunities for customers to shop online is one of the key factors boosting the online purchase of furniture such as chairs, storage files, tables, and desks. The trend for online furniture shopping will continue to evolve due to the availability of 24/7 customer support, online shipment tracking, cheaper costs, and a wide range of merchandise. Thus, with the growing demand for the online distribution channel, the Europe furniture market is expected to showcase a positive outlook during the forecast period. Customers prefer online buying due to the convenience and comfort of logistics and shipping furniture items to their doorstep. Major retailers like Flipkart, Amazon, Snapdeal, and Alibaba are creating a strong online brand presence and increasing sales with online stores and e-commerce portals.
Europe Furniture Industry Overview
The report covers major international players operating in the Europe Furniture Market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
Europe Furniture Market Leaders
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1. Roche Bobois
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2. BoConcept
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3. B&B Italia
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4. Poltrona Frau
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5. Ligne Roset
*Disclaimer: Major Players sorted in no particular order
Europe Furniture Market News
- In 2021, online home furnishings marketplace Chairish announced the acquisition of Pamono, the leading digital home goods resource in Europe, with plans to unite the brands into one global e-commerce destination.
- In 2021, two French furniture manufacturers agreed to merge and form a European powerhouse. The P3G Group and Alsapan announced their agreement after months of negotiations, and a new company called Alpagroup will be formed.
Europe Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Insights on Various Regulatory Landscape
4.5 Insights on Impact of Technology and Innovation in the Market
4.6 Value Chain Analysis
4.7 Industry Attractiveness - Porters' Five Forces Analysis
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Buyers
4.7.3 Bargaining Power of Suppliers
4.7.4 Threat of Substitutes
4.7.5 Intensity of Competitive Rivalry
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Material
5.1.1 Wood
5.1.2 Metal
5.1.3 Plastic
5.1.4 Other Materials
5.2 By Distribution Channel
5.2.1 Supermarkets
5.2.2 Specialty Stores
5.2.3 Online
5.2.4 Other Distribution Channels
5.3 By Application
5.3.1 Home Furniture
5.3.2 Office Furniture
5.3.3 Hospitality
5.3.4 Other Furniture
5.4 By Geography
5.4.1 Germany
5.4.2 UK
5.4.3 France
5.4.4 Italy
5.4.5 Switzerland
5.4.6 Russia
5.4.7 Other European Countries
6. COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 Roche Bobois
6.2.2 BoConcept
6.2.3 B&B Italia
6.2.4 Poltrona Frau
6.2.5 Fritz Hansen
6.2.6 IKEA
6.2.7 Natuzzi
6.2.8 Calligaris
6.2.9 Molteni
6.2.10 Colombini*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Europe Furniture Industry Segmentation
A complete background analysis of the Europe Furniture Market, including an assessment of the national accounts, economy, and emerging market trends by segments, significant changes in the market dynamics, and the market overview, is covered in the report. Europe Furniture Market is segmented by Material (Wood, Metal, Plastic, and Other Materials), by Application (Home Furniture, Office Furniture, Hospitality Furniture, and Other Furniture), by Distribution Channel (Supermarkets, Specialty Stores, Online, and Other Distribution Channels), and by Geography (Germany, UK, France, Italy, Switzerland, Russia, Other European Countries).
| By Material | |
| Wood | |
| Metal | |
| Plastic | |
| Other Materials |
| By Distribution Channel | |
| Supermarkets | |
| Specialty Stores | |
| Online | |
| Other Distribution Channels |
| By Application | |
| Home Furniture | |
| Office Furniture | |
| Hospitality | |
| Other Furniture |
| By Geography | |
| Germany | |
| UK | |
| France | |
| Italy | |
| Switzerland | |
| Russia | |
| Other European Countries |
Europe Furniture Market Research FAQs
What is the current Europe Furniture Market size?
The Europe Furniture Market is projected to register a CAGR of greater than 1.60% during the forecast period (2024-2029)
Who are the key players in Europe Furniture Market?
1. Roche Bobois , 2. BoConcept, 3. B&B Italia , 4. Poltrona Frau and 5. Ligne Roset are the major companies operating in the Europe Furniture Market.
What years does this Europe Furniture Market cover?
The report covers the Europe Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the major drivers of the Europe Furniture Market?
The major drivers of the Europe Furniture Market are a) Increasing consumption of furniture b) Growing demand for eco-friendly, modern & luxury furniture c) Integration of technology into furniture, such as smart tables with charging stations or voice-activated lighting in cabinets
Furniture in Europe Industry Report
The European furniture market is poised for robust growth, driven by evolving consumer preferences and innovative industry trends, as detailed in the 糖心vlog传媒鈩� Industry Reports. Market segments are diversifying, with significant demand in both residential and office furniture sectors, influenced by top European furniture manufacturers. Consumers are increasingly drawn to modern, stylish, and eco-friendly furniture options, reflecting a shift towards sustainability and environmental consciousness within the furniture industry in Europe. The rise of multifunctional furniture designed to maximize space in urban environments caters to those in smaller homes and apartments. Additionally, the surge in online furniture shopping offers convenience and a broader selection of products, supported by the expansion of e-commerce platforms. The market is segmented by material, with wood being highly favored for its durability and aesthetic appeal. The residential segment captures a significant share, driven by the demand for home and garden furniture, while the office furniture segment shows strong growth due to increasing employment rates and investments in office spaces. Overall, the market's growth is characterized by a blend of traditional craftsmanship and modern design, meeting both functional needs and aesthetic desires across various consumer segments. For a detailed market forecast outlook and historical overview, download a free report PDF sample from 糖心vlog传媒鈩�.
