Europe Furniture Market

Market Overview:

The Europe furniture market is projected to exhibit a growth rate (CAGR) of 5.8% during 2023-2028. The increasing residential construction and real estate development, rising number of smaller households and single-person households, and the growing expenditure on home furnishings and interior design represent some of the key factors driving the market.

Furniture refers to various objects and accessories designed to support human activities within living spaces, work environments, and public areas. It includes items, such as chairs, tables, sofas, beds, cabinets, shelves, and desks. It is manufactured from natural materials like wood, stone, metal, glass, plastic, upholstery, and animal hides. It is widely available in numerous styles, materials, and designs, catering to diverse tastes, preferences, and functional requirements. It plays a vital role in interior design, helping to define the aesthetics and atmosphere of a space. It can also influence the functionality of a room with factors, such as size, shape, color, and texture, and contribute to the overall design scheme. As it provides comfort, convenience, and utility to individuals by offering surfaces to sit, sleep, eat, work, store belongings, and organize spaces, the demand for furniture is rising in Europe.

Europe Furniture Market Trends:

At present, the escalating demand for furniture in Europe due to the increasing willingness of individuals to spend on home furnishings and interior design represents one of the key factors offering a favorable market outlook. With a steady increase in gross domestic products (GDP) and rising employment rates across Europe, consumers are more willing to invest in high-quality furniture and unique design pieces. Moreover, there is an expansion of the housing market on account of the rising residential construction and real estate development, which is positively influencing the furniture market in the region. In line with this, the increasing need for furniture to renovate houses, along with the rising number of housing projects and property transactions, is creating lucrative growth opportunities for industry investors. In addition, the growing number of smaller households and single-person households are catalyzing the demand for compact and multifunctional furniture in the region. Besides this, changing family structures, such as dual-income households, are catalyzing the demand for convenience-oriented furniture solutions, which is propelling the growth of the market. Additionally, people in Europe are increasingly seeking furniture made from renewable materials, utilize eco-friendly production processes, and meet stringent environmental standards. This trend is propelling manufacturers to adopt sustainable practices and offer green furniture options for catering to the demand.

Europe Furniture Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Europe furniture market report, along with forecasts at the regional and country levels for 2023-2028. Our report has categorized the market based on material, distribution channel, and end use.

Material Insights:

• Metal
• Wood
• Plastic
• Glass
• Others
   

The report has provided a detailed breakup and analysis of the market based on the material. This includes metal, wood, plastic, glass, and others.

Distribution Channel Insights:

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Stores
• Others
   

A detailed breakup and analysis of the market based on the distribution channel has also been provided in the report. This includes supermarkets and hypermarkets, specialty stores, online stores, and others.

End Use Insights:

• Residential 
• Commercial
   

A detailed breakup and analysis of the market based on the end use has also been provided in the report. This includes residential and commercial.

Country Insights:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Germany, France, United Kingdom, Italy, Spain, and others.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the Europe furniture market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Europe Furniture Market Report Coverage:

Report Coverage:

Key Questions Answered in This Report:

• How has the Europe furniture market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Europe furniture market?
• What is the breakup of the Europe furniture market on the basis of material?
• What is the breakup of the Europe furniture market on the basis of distribution channel?
• What is the breakup of the Europe furniture market on the basis of end use?
• What are the various stages in the value chain of the Europe furniture market?
• What are the key driving factors and challenges in the Europe furniture market?
• What is the structure of the Europe furniture market and who are the key players?
• What is the degree of competition in the Europe furniture market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Europe furniture market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the Europe furniture market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Europe furniture industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.