Europe High-End Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe High-End Furniture Market Analysis
The European high-end furniture is one of the largest and growing segments in the furniture industry which is hit hard by the COVID-19 pandemic. The market has experienced a constant year-on-year growth rate during the review period (2017-2020) which was a sudden drop during 2020 due to the outbreak of the virus.
European high-end furniture especially the Italian, French manufacturers have a great reputation around the world owing to their high creative capacity for new designs combined with the standard of high-quality and responsiveness to new demands. The industry has also been able to combine several new technologies and innovations with its rich cultural heritage and style, which drove the segments to several international markets and provides jobs for highly skilled workers.
High-end furniture products made in Europe are gaining more significance year on year. The region is also a world leader in this high-end segment of the furniture market with nearly two out of three high-end furniture products sold in the world are produced in the European Union (EU). However, the growing competition and the competitive pricing offered by the different manufacturers is challenging the market to expand certain regions where the production costs are comparatively low. Owing to the growing China's penetration into the EU region, the country is becoming the largest furniture exporter to the EU, and is accounting for over a half of total furniture imports to the region.
Europe High-End Furniture Market Trends
This section covers the major market trends shaping the Europe High-End Furniture Market according to our research experts:
Growing Demand for Seating Products is Driving the Market Growth
Seating products include chairs, armchairs, sofas have been the segment of the high-end furniture products which are recording growing demand every year. As the living room is one of the important rooms of the home and the lobbies, reception areas in the hospitality and office end-user segments are more important areas in the respective places, customers and investors have been increasing their spending on the seating products as they bring more elegance to the surroundings. Similarly, as consumers are replacing their furniture more frequently than in the past, demand for high-end furniture is also on the growth track with their increasing standards of living and the steady increase in disposable income across the region.
Commercial End-User Segment is Anticipated to Pace in the Forecast Period
High-end furniture has been helping the leading commercial firms in bringing more aesthetics to the surroundings coupled with offering more comfort to the customers, owing to which they have been largely preferred by the investors in the segment even though they cost more than usual. The expanding travel and tourism industry has been helping the commercial end-user segment to record more transactions during the review period. The trend was anticipated to be dominant in the forecast period before the pandemic hit the market. However, with the changing situations in the region, the hospitality industry is anticipated to get back on track and help the commercial end-user segment of the market in recording more transactions.
Europe High-End Furniture Industry Overview
The report on the Europe high-end furniture market covers major players operating in the high-end furniture market. The high-end furniture market in the region is largely driven by the manufacturer's ability to create new and innovative furniture products which bring more elegance to the interiors. The growing demand for high-end furniture across end-users segments is driving the manufacturers to create more unique furniture to attract customers.
Europe High-End Furniture Market Leaders
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Essential Home
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Roche Bobois
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Duresta Upholstery Ltd
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Poltrona Frau S.p.a
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Giovanni Visentin S.R.L
*Disclaimer: Major Players sorted in no particular order
Europe High-End Furniture Market News
- June 2021, Molteni&C|Dada has planned an exclusive preview of the 2021 Collection for their customers.
- Jan 2021, UniFor's showroom on 160 Madison Avenue hosted a new installation by Ron Gilad. A Naòs table and bookcase by Pierluigi Cerri, Elementaire armchairs by Jean Nouvel Design, and a vast window displaying the beauty of Rome are the only elements used for the installation entitled "Executive Office".
Europe High-End 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 INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints/Challenges
4.4 Market Opportunities
4.5 Value Chain / Supply Chain Analysis
4.6 Porter's Five Force Analysis
4.7 Consumer Behaviour Analysis
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Seating Products (Chairs, Armchairs, Sofas)
5.1.2 Cabinets and Entertainment Units
5.1.3 Tables (Dining Tables, Reception Tables, etc.,)
5.1.4 Beds
5.1.5 Other Products
5.2 By Distribution Channel
5.2.1 Designer Studios
5.2.2 Furniture Specialty Stores
5.2.3 Online
5.2.4 Other Distribution Channels
5.3 By End-User
5.3.1 Residential
5.3.2 Commercial
5.4 By Geography
5.4.1 Germany
5.4.2 Italy
5.4.3 United Kingdom
5.4.4 France
5.4.5 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Essential Home
6.2.2 Roche Bobois
6.2.3 Duresta Upholstery Ltd
6.2.4 Poltrona Frau S.p.a
6.2.5 Giovanni Visentin S.R.L
6.2.6 Molteni Group
6.2.7 Luxury Living Group
6.2.8 Luxxu
6.2.9 B&B Italia
6.2.10 Muebles Pic
6.2.11 Ligne Roset
6.2.12 Boca Do Lobo
6.2.13 Valderamobili S.R.L*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. DISCLAIMER
Europe High-End Furniture Industry Segmentation
A complete background analysis of the Europe High-end furniture market, which includes an assessment of the emerging trends by segments, significant changes in market dynamics, and market overview, is covered in the report. The Europe High-end furniture market is segmented by Product into Seating Products (Chairs, Armchairs, Sofas), Cabinets and Entertainment Units, Tables into Dining Tables, Reception Tables, etc.,), Beds and Other Products, by Distribution Channel into Designer Studios, Furniture Specialty Stores, Online and Other Distribution Channels), by End-User into Residential and Commercial, and by Geography into Germany, Italy United Kingdom, France, and the Rest of Europe. The report offers market size and forecasts for the Europe High-end furniture market, in value (USD million) for all the above segments.
| By Product | |
| Seating Products (Chairs, Armchairs, Sofas) | |
| Cabinets and Entertainment Units | |
| Tables (Dining Tables, Reception Tables, etc.,) | |
| Beds | |
| Other Products |
| By Distribution Channel | |
| Designer Studios | |
| Furniture Specialty Stores | |
| Online | |
| Other Distribution Channels |
| By End-User | |
| Residential | |
| Commercial |
| By Geography | |
| Germany | |
| Italy | |
| United Kingdom | |
| France | |
| Rest of Europe |
Europe High-End Furniture Market Research FAQs
What is the current Europe High-End Furniture Market size?
The Europe High-End Furniture Market is projected to register a CAGR of greater than 3.20% during the forecast period (2024-2029)
Who are the key players in Europe High-End Furniture Market?
Essential Home, Roche Bobois, Duresta Upholstery Ltd, Poltrona Frau S.p.a and Giovanni Visentin S.R.L are the major companies operating in the Europe High-End Furniture Market.
What years does this Europe High-End Furniture Market cover?
The report covers the Europe High-End Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe High-End Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe High-End Furniture Industry Report
Statistics for the 2024 Europe High-End Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe High-End Furniture analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Europe High-End Furniture Report Snapshots
