RUSSIA HOME FURNITURE MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2024)

The Russia Home Furniture Market is segmented by Type (Kitchen Furniture, Living-room, and Dining-room Furniture, Bedroom Furniture, and Other Furniture) and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online, and Others).

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

CAGR:

3%

Key Players:

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Market Overview

The Russian home furniture market is expected to register a CAGR of 3% during the forecast period.

  • One of the major drivers of the industry’s growth is the boom in the construction industry over recent years.
  • The main sales channels are multi-brand shopping centers, mono-brand stores, and small independent retailers.
  • Online shopping is becoming more popular day by day in Russia. One of the main reasons for the growth of the e-commerce channel is the opportunity to choose among different brands from all over the world.
  • The improvement in the logistic services is helping the growth of the channel.
  • One of the reasons for the growing demand for furniture in Russia is the import of high-quality furniture from China at a low price.

 

Scope of the Report

A complete background analysis of the Russian home furniture market, which includes an assessment of the parental market, emerging trends in the segments and regional markets, and significant changes in market dynamics and market overview, is covered in the report.

By Type
Kitchen Furniture
Living Room and Dining Room Furniture
Bedroom Furniture
Other Furniture
By Distribution Channel
Supermarkets & Hypermarkets
Specialty Stores
Online
Others

Report scope can be customized per your requirements. Click here.

Key Market Trends

Kitchen Furniture Segment

Kitchen furniture includes fitted kitchen units and other wooden furniture. The kitchen furniture segment is driven by increasing urbanization and remodeling of residential kitchens. Kitchen furniture and fixtures are gaining momentum in investments with consistent growth in the hotel industry.

The developed areas in the countries, with a high percentage of the population living in urban areas, have been the primary consumers of kitchen furniture and fixtures, which may present the market with huge growth opportunities and potential in the near future. 

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To understand key trends, Download Sample Report

Bedroom Furniture Segment

A key driver fueling the growth of the market is the rising standard of living, which is leading to the increased introduction of premium products. Both developed and developing areas in the country are witnessing growth in the population of high net-worth individuals, and a gradual increase in the preference for a luxurious lifestyle. With an increase in disposable income, the consumers spending capacity and their expenditure on luxury goods and services are increasing.

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Competitive Landscape

The report covers major international players operating in the Russian home furniture market. In terms of market share, few 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 tapping new markets.

Major Players

  1. Kuchenberg
  2. IKEA
  3. BOROVICHI-MEBEL CJSC
  4. Marya Furniture Factory
  5. KARE Voronezh

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Opportunities

    5. 4.5 Trends Influencing the Russian Home Furniture Market

    6. 4.6 Value Chain Analysis of the Russian Home Furniture Market

    7. 4.7 Porter's Five Forces Analysis

    8. 4.8 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Kitchen Furniture

      2. 5.1.2 Living Room and Dining Room Furniture

      3. 5.1.3 Bedroom Furniture

      4. 5.1.4 Other Furniture

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets & Hypermarkets

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Online

      4. 5.2.4 Others

  6. 6. COMPANY PROFILES

    1. 6.1 BOROVICHI-MEBEL CJSC

    2. 6.2 MIAS Furniture

    3. 6.3 IKea

    4. 6.4 Furniture Factory Shatura OJSC

    5. 6.5 Stolplit-Rus OOO

    6. 6.6 Maria Furniture Factory

    7. 6.7 KARE Voronezh

    8. 6.8 Kuchenberg

    9. 6.9 Herman Miller

    10. 6.10 MK Shatura AO

    11. 6.11 Lazurit furniture*

  7. *List Not Exhaustive
  8. 7. FUTURE OF THE RUSSIAN HOME FURNITURE MARKET

  9. 8. DISCLAIMER

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