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Europe Furniture Market Size (2024 - 2029)

The European furniture market, particularly the high-end segment, is a significant and expanding sector within the global industry, despite challenges posed by the COVID-19 pandemic. Europe holds a crucial position in the global market landscape, being the second-largest manufacturing region and a hub for major international players. The market's expansion is supported by a blend of technological innovation and cultural heritage, with a focus on eco-friendly and luxury products. Key factors driving market growth include increased consumer demand, the hospitality sector's needs, and improved supply chain efficiencies.

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Market Size of Europe Furniture Industry

europe furniture market
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

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*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 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
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Europe Furniture Market Size Summary

The European furniture market is a significant and expanding segment within the global furniture industry, particularly noted for its high-end offerings. Despite the challenges posed by the COVID-19 pandemic, which temporarily disrupted growth, the market has shown resilience and is poised for continued expansion. Europe holds a pivotal position in the global furniture landscape, being the second-largest manufacturing region and home to major international players. Countries like Germany, Italy, and Poland are key exporters, contributing to Europe's robust market and trade values. The industry benefits from a rich heritage of craftsmanship, blending traditional styles with modern innovations and technologies. This fusion not only supports job creation for skilled workers but also positions Europe as a leader in the high-end furniture segment. The market's growth is further fueled by increasing consumer demand for eco-friendly and luxury furniture, as well as the expansion of the hospitality sector.

The demand for office furniture is on the rise, driven by higher employment rates and increased investment in office spaces. This trend is expected to positively influence the European furniture market's growth trajectory. Additionally, the shift towards e-commerce is transforming consumer purchasing behaviors, with more customers opting for online shopping due to its convenience and the availability of a wide range of products. Major retailers are enhancing their online presence, further boosting the market. The report highlights the presence of major international players in the market, while also noting that technological advancements and product innovations are enabling mid-size and smaller companies to expand their market share. Recent strategic moves, such as acquisitions and mergers among European manufacturers, underscore the dynamic nature of the market, with companies seeking to strengthen their positions and explore new opportunities.

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Europe Furniture Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Insights on Various Regulatory Landscape

    5. 1.5 Insights on Impact of Technology and Innovation in the Market

    6. 1.6 Value Chain Analysis

    7. 1.7 Industry Attractiveness - Porters' Five Forces Analysis

      1. 1.7.1 Threat of New Entrants

      2. 1.7.2 Bargaining Power of Buyers

      3. 1.7.3 Bargaining Power of Suppliers

      4. 1.7.4 Threat of Substitutes

      5. 1.7.5 Intensity of Competitive Rivalry

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Wood

      2. 2.1.2 Metal

      3. 2.1.3 Plastic

      4. 2.1.4 Other Materials

    2. 2.2 By Distribution Channel

      1. 2.2.1 Supermarkets

      2. 2.2.2 Specialty Stores

      3. 2.2.3 Online

      4. 2.2.4 Other Distribution Channels

    3. 2.3 By Application

      1. 2.3.1 Home Furniture

      2. 2.3.2 Office Furniture

      3. 2.3.3 Hospitality

      4. 2.3.4 Other Furniture

    4. 2.4 By Geography

      1. 2.4.1 Germany

      2. 2.4.2 UK

      3. 2.4.3 France

      4. 2.4.4 Italy

      5. 2.4.5 Switzerland

      6. 2.4.6 Russia

      7. 2.4.7 Other European Countries

Europe Furniture Market Size FAQs

The Europe Furniture Market is projected to register a CAGR of greater than 1.60% during the forecast period (2024-2029)

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.

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