Europe Furniture Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Material, Category, End User and Region

Europe Furniture Market Definition:

Laboratories, spas, workplaces, clean rooms, restaurants, camping, bedrooms, outdoor, libraries, parks, and stores all have furniture. The majority of furniture is made from a range of materials and comes in a number of styles. Chairs, beds, cupboards, tables, shelves, and other moveable things, as well as decorative art, are all examples of furniture. Furniture can be used for a variety of purposes, including sleeping, dining, seating, and storage. Furniture plays a vital part in seating arrangements and document storage in commercial areas. Furniture designs can be altered using machine-based methods and handcrafting, depending on the eventual usage.

 

Europe Furniture Market Dynamics:

Not only in terms of production, but also in terms of market and international trade values, Europe is a vital player in the furniture business. Europe continues to be the world's second largest furniture manufacturing region, and it is home to some of the world's most powerful and influential companies. On a global scale, Germany, Italy, and Poland are the top exporting countries. Furniture making has a long history in Europe. The industry is a world leader in the high-end part of the furniture market, combining modern technology and innovation with cultural history, tradition, and style, while also creating jobs for qualified employees.

 

One of the main elements driving the expansion of the European furniture market is increased consumption. Growing demand for eco–friendly furniture, modern & luxury furniture, hotels & restaurants, raw materials from suppliers, and reduced high-cost transportation to manufacturers will all contribute to the future growth of the European furniture market.

 

 

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Desks, office chairs, storage cabinets, and other office furniture items are used for a variety of purposes, including cabinet meetings, desks for placing gadgets, logistics, and cafeteria. One of the elements driving up demand for office furniture is an increase in the employment rate. Increasing demand for office furniture, together with increased investment in office premises, is expected to boost the growth of the European furniture market through the forecast period. The desire for branded furnishings has increased, and a growth in enterprises from various nations is pushing the Europe furniture market. Office furniture is evolving with new designs and styles that are appealing, convincing, and comfortable to consumers.
 

The industry's income is expected to be driven by strong growth in commercial construction operations, as well as rising demand for residential projects. The rise of the outdoor furniture sector in the region is aided by the region's high disposable income, ageing population, and desire to spend on luxury furniture. The market income is being fueled by the increased demand for high-end outdoor furniture among elderly residents in European countries. The ageing population, combined with increasing purchasing power in this age group, will enhance market growth, particularly in developed economies.

 

The middle-income section of the population nowadays prefers to acquire low-cost, second-hand home furnishings over high-end things. The market's growth is expected to be limited as a result of this. Furthermore, in many nations around the world, fierce rivalry from unorganised industry players is stifling the expansion of well-known enterprises. Fluctuating raw material prices, as well as shifting import & customs tariffs on fixture products in numerous countries throughout the world, are expected to stymie industry expansion.

 

Europe Furniture Market Segment Analysis:

By Material, in 2023, the wood segment had a 51 % market share. When compared to its alternatives, wooden furniture is the most popular. The rapid rise of the real estate business is causing an increase in the demand for outdoor furniture in office terraces, residential building gardens, and open seating areas in commercial complexes, resulting in a high demand for wooden furniture across Europe. Also, essential characteristics and benefits such as remarkable durability, ecological compatibility, high comfort, great resistance to mechanical damage, and impressive visual appeal will drive demand for wooden furniture. Moreover, easy maintenance, modifiability, high strength and stiffness, and high sustainability will drive up material demand in the sector.

 

The use of more green materials in various furniture designs, such as materials or recycled wood, is improving the furniture's sustainability. Moreover, the demand for outdoor furniture will be fueled by a variety of forms and shapes, such as oblong, in various dining tables, owing to the soft form and wonderful social experience. Moreover, the widespread availability of a wide range of colour options as well as a variety of wood treatments would create significant prospects for regional market expansion.

 

 

By End User, Because of the high demand for couch sets and chairs among residential consumers for their home and backyard sitting needs, the residential segment commands a considerable part of the market. In many nations around the world, the expanding urbanisation rate and the rise in the number of nuclear families are also driving segmental growth.

 

Due to the widespread availability of computer desks in a variety of sizes and designs around the world, the office segment has a high market share and generates significant revenue. Moreover, the increasing popularity of remote working among corporate professionals is expected to reduce demand for ergonomically built office chairs for their remote work setting, resulting in further segmental growth.

 

Europe Furniture Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a Europe presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive Europe networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the Europe market, key players in the market, particularly in Europe and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Europe Furniture market to the stakeholders in the industry. The report provides trends that are most dominant in the Europe Furniture market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Europe Furniture Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Europe Furniture market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Europe Furniture market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Europe Furniture market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Europe Furniture market. The report also analyses if the Europe Furniture market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Europe Furniture market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Europe Furniture market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Europe Furniture market is aided by legal factors.

 

Europe Furniture Market Scope:

Europe Furniture Market
Market Size in 2023	USD 216 Bn.
Market Size in 2030	USD 370.18 Bn.
CAGR (2024-2030)	8%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Material Wood Metal Plastic Others
	By Category Indoor Outdoor
	By End User Residential Office Hotel Others
	By Country Germany France United Kingdom Italy Rest of Europe

 

FURNITURE MARKET KEY PLAYERS: 

• Roche Bobois
• BoConcept
• B&B Italia
• Poltrona Frau
• Fritz Hansen
• Natuzzi
• Calligaris
• Molteni
• Colombini
• IKEA
• Senator International
• Boss Design Group
• Steelcase
• Majencia