Report Overview

Europe Furniture Market - Industry Trends & Forecast Report, 2029

Europe Furniture Market size was estimated at USD 210.72 billion in 2022. During the forecast period between 2023 and 2029, the size of Europe Furniture Market is projected to grow at a CAGR of 4.18% reaching a value of USD 269.42 billion by 2029. Major growth drivers for the Europe Furniture Market include rising demand for eco-friendly and modern luxury furniture. The upswing in the outdoor furniture sector within the region can be attributed to factors such as the high disposable income, aging population, and a proclivity to invest in luxury furniture. Notably, the market's revenue stream is being propelled by an increasing preference for high-end outdoor furniture among elderly residents across European countries. The confluence of an aging population and heightened purchasing power within this demographic is expected to bolster market growth, particularly in developed economies. Also, the additional factors such as the hospitality industry's requirements for furniture, the sourcing of raw materials from suppliers, and the emphasis on reducing high-cost transportation to manufacturers contribute to the positive outlook for the industry's growth during the forecast period.

Europe Furniture Market – Overview

Europe is a crucial player in the global furniture industry, not only in terms of production but also regarding market influence and international trade values. As the world's second-largest furniture manufacturing region, Europe is home to influential global players, with Germany, Italy, and Poland leading in exports on a global scale. The industry, deeply rooted in European history, excels in the high-end furniture market segment by seamlessly blending modern technology and innovation with cultural heritage, tradition, and style, thereby generating employment opportunities for skilled workers. The demand for office furniture is on the rise due to an increasing employment rate, coupled with heightened investment in office premises, propelling the growth of the European furniture market. The market is further driven by a growing preference for branded furnishings and the influx of enterprises from various nations. With a commitment to new designs and styles that prioritize appeal, persuasion, and comfort, the evolution of office furniture is contributing to the dynamic landscape of the Europe furniture market.

Europe Furniture Market

Growth Drivers

Stringent Environmental Regulations

Stringent environmental regulations serve as a driving force for the Europe furniture industry. According to a recent study by the European Environmental Bureau (EEB), focusing on the improvement of refurbishment and remanufacture of discarded furniture could potentially lead to the creation of 157,000 jobs and result in saving 6 million tons of CO2 equivalent in the EU. The study suggests various policy options aimed at enhancing waste prevention and resource management, fostering value recovery, economic growth, and job creation while also contributing to the preservation of resources and the environment. This strategic approach aligns with the goals of a circular and low carbon economy, addressing challenges faced by the furniture sector.

Restraints

High Initial Investment Costs

The growth of the Europe furniture market is impeded by the substantial initial investment costs it demands. The financial barrier hampers the market's expansion and potential innovation. Overcoming these high upfront costs requires strategic planning, financial innovation, and potentially policy support. By addressing these challenges, the Europe furniture market can unlock new opportunities, enhance competitiveness, and contribute to the region's economic and environmental objectives. Strategic initiatives and collaborative efforts are essential to mitigate the impact of high initial investment costs on the growth trajectory of the Europe furniture market.

Europe Furniture Market

Segmental Coverage

Europe Furniture Market – By Product

Based on product, the Europe Furniture Market is divided into Beds, Tables & Desks, Sofa & Couch, Chairs & Stools, and Cabinets & Shelves segments. The tables & desks segment is expected to hold the highest share in the Europe furniture market by product. In Europe, there is a notable trend towards remote work and the establishment of home offices, leading to a heightened demand for functional and ergonomic tables and desks. The increase in individuals working from home has spurred the need for dedicated workspaces prioritizing productivity, comfort, and organization, driving growth in this market segment. Given the prevalence of limited living space in many European urban areas, there is a growing preference for space-efficient designs, such as foldable or wall-mounted tables and desks, enabling consumers to optimize their living areas without compromising functionality. The emergence of hybrid work models, involving a blend of remote and in-person work, has created a demand for adaptable furniture solutions. Tables and desks that seamlessly transition between work and leisure activities are particularly sought after. Additionally, educational institutions contribute to the growth of this segment, requiring tables and desks for various spaces like classrooms, libraries, and study areas.

Europe Furniture Market – By Application

Based on application, the Europe Furniture Market is bifurcated into Residential and Commercial segments. The residential segment holds a higher share in the Europe Furniture Market by application due to increased demand driven by population growth, urbanization, and rising disposable incomes. As more individuals invest in homes and seek personalized living spaces, the demand for furniture for residential use has surged. Additionally, trends like remote work and a focus on home aesthetics have further fueled the demand for furniture, making the residential segment a prominent driver of the market.

Europe Furniture Market – By Material

Based on material, the Europe Furniture Market is divided into Metal, Wood, Plastic, and Glass segments. The metal segment holds the highest share in the Europe Furniture Market by material. Metal materials provide a broad spectrum of design possibilities, ranging from sleek and contemporary to intricate and traditional, catering to diverse consumer preferences and interior styles. Particularly popular in European interior design, metal furniture is often associated with modern and industrial aesthetics, characterized by clean lines, minimalist forms, and metallic finishes that resonate with contemporary tastes. This appeal is heightened in urban areas where many European consumers reside, appreciating the space-saving and compact designs inherent to metal furniture. Renowned for durability and longevity, metal furniture aligns with consumer preferences for long-term value and resilience to daily use. Additionally, the resurgence of retro and vintage design often showcases metal furniture reminiscent of mid-century modern styles, further contributing to its popularity in European interiors.

Europe Furniture Market – By Country

Geographically, the Europe Furniture Market is divided into Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, the Netherlands, and Rest of Europe. Germany dominates the Europe Furniture Market. It is primarily driven by its robust economy, strong manufacturing sector, and a reputation for top-tier craftsmanship. The country's commitment to innovation, design, and technology underscores its dominance, with German furniture renowned for precision engineering, functional design, and meticulous attention to detail. Noteworthy events like IMM Cologne showcase Germany's influential contributions to the industry with globally recognized brands, such as Hülsta, Rolf Benz, and Vitra. The German emphasis on sustainability and eco-friendly materials aligns with contemporary consumer preferences. Meanwhile, Spain's furniture market is characterized by its diversity and distinctive design approach. Integrating influences from traditional Moorish motifs to avant-garde designs, Spanish furniture, represented by brands like Kettal and Andreu World, has gained international acclaim for its innovation. Reflecting Spain's Mediterranean lifestyle, the furniture emphasizes both comfort and style.

Competitive Landscape

Major players operating in the Europe Furniture Market include IKEA, Poltrona Frau, B&B Italia, Minotti, Vitra, Arper, USM Haller, Ligne Roset, Cassina, Roche Bobois, and Flexform. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Product

• Beds

• Tables & Desks

• Sofa & Couch

• Chairs & Stools

• Cabinets & Shelves

By Application

• Residential

• Commercial

By Material

• Metal

• Wood

• Plastic

• Glass

By Country

• Germany

• United Kingdom

• Italy

• France

• Spain

• Belgium

• Russia

• The Netherlands

• Rest of Europe

1. Research Framework
   1. Research Objective
   2. Technology Overview
   3. Market Segmentation
2. Executive Summary
3. Europe Furniture Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Stricter environmental regulations
         2. Growing awareness of the health and environmental impacts of air pollution
      2. Restraints
         1. High initial investment costs
         2. Complex regulatory landscape
      3. Opportunities
         1. Growth of emerging markets
         2. Development of new technologies
      4. Challenges
         1. Competition from low-cost countries
         2. Climate change
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Europe Furniture Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share and Forecast
      1. By Product
         1. Beds
         2. Tables & Desks
         3. Sofa & Couch
         4. Chairs & Stools
         5. Cabinets & Shelves
         6. Others
      2. By Application
         1. Residential
         2. Commercial
      3. By Material
         1. Metal
         2. Wood
         3. Plastic
         4. Glass
         5. Others
      4. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Belgium
         7. Russia
         8. The Netherlands
         9. Rest of Europe
5. Germany Furniture Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product
      2. By Application
      3. By Material
6. United Kingdom Furniture Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product
      2. By Application
      3. By Material
7. Italy Furniture Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product
      2. By Application
      3. By Material
8. France Furniture Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product
      2. By Application
      3. By Material
9. Spain Furniture Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product
      2. By Application
      3. By Material
10. Belgium Furniture Market Overview
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Product
       2. By Application
       3. By Material
11. Russia Furniture Market Overview
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Product
       2. By Application
       3. By Material
12. Netherlands Furniture Market Overview
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Product
       2. By Application
       3. By Material
13. Rest of Europe Furniture Market Overview
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Product
       2. By Application
       3. By Material
14. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Europe Furniture Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
15. Impact of Covid-19 on Europe Furniture Market
16. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. IKEA
    2. Poltrona Frau
    3. B&B Italia
    4. Minotti
    5. Vitra
    6. Arper
    7. USM Haller
    8. Ligne Roset
    9. Cassina
    10. Roche Bobois
    11. Flexform
    12. Other Prominent Players
17. Key Strategic Recommendations
18. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Europe Furniture Segmentation

Figure 2       Europe Furniture Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Europe Furniture Market Size, By Value (USD Billion), 2019–2029

Figure 5       Europe Furniture Market Share, By Product, By Value, 2019–2029

Figure 6       Europe Furniture Market Share, By Application, By Value, 2019–2029

Figure 7       Europe Furniture Market Share, By Material, By Value, 2019–2029

Figure 8       Germany Furniture Market Size, By Value (USD Billion), 2019–2029

Figure 9       Germany Furniture Market Share, By Product, By Value, 2019–2029

Figure 10     Germany Furniture Market Share, By Application, By Value, 2019–2029

Figure 11     Germany Furniture Market Share, By Material, By Value, 2019–2029

Figure 12     United Kingdom Furniture Market Size, By Value (USD Billion), 2019–2029

Figure 13     United Kingdom Furniture Market Share, By Product, By Value, 2019–2029

Figure 14     United Kingdom Furniture Market Share, By Application, By Value, 2019–2029

Figure 15     United Kingdom Furniture Market Share, By Material, By Value, 2019–2029

Figure 16     Italy Furniture Market Size, By Value (USD Billion), 2019–2029

Figure 17     Italy Furniture Market Share, By Product, By Value, 2019–2029

Figure 18     Italy Furniture Market Share, By Application, By Value, 2019–2029

Figure 19     Italy Furniture Market Share, By Material, By Value, 2019–2029

Figure 20     France Furniture Market Size, By Value (USD Billion), 2019–2029

Figure 21     France Furniture Market Share, By Product, By Value, 2019–2029

Figure 22     France Furniture Market Share, By Application, By Value, 2019–2029

Figure 23     France Furniture Market Share, By Material, By Value, 2019–2029

Figure 24     Spain Furniture Market Size, By Value (USD Billion), 2019–2029

Figure 25     Spain Furniture Market Share, By Product, By Value, 2019–2029

Figure 26     Spain Furniture Market Share, By Application, By Value, 2019–2029

Figure 27     Spain Furniture Market Share, By Material, By Value, 2019–2029

Figure 28     Belgium Furniture Market Size, By Value (USD Billion), 2019–2029

Figure 29     Belgium Furniture Market Share, By Product, By Value, 2019–2029

Figure 30     Belgium Furniture Market Share, By Application, By Value, 2019–2029

Figure 31     Belgium Furniture Market Share, By Material, By Value, 2019–2029

Figure 32     Russia Furniture Market Size, By Value (USD Billion), 2019–2029

Figure 33     Russia Furniture Market Share, By Product, By Value, 2019–2029

Figure 34     Russia Furniture Market Share, By Application, By Value, 2019–2029

Figure 35     Russia Furniture Market Share, By Material, By Value, 2019–2029

Figure 36     The Netherlands Furniture Market Size, By Value (USD Billion), 2019–2029

Figure 37     The Netherlands Furniture Market Share, By Product, By Value, 2019–2029

Figure 38     The Netherlands Furniture Market Share, By Application, By Value, 2019–2029

Figure 39     The Netherlands Furniture Market Share, By Material, By Value, 2019–2029

Figure 40     Rest of Europe Furniture Market Size, By Value (USD Billion), 2019–2029

Figure 41     Rest of Europe Furniture Market Share, By Product, By Value, 2019–2029

Figure 42     Rest of Europe Furniture Market Share, By Application, By Value, 2019–2029

Figure 43     Rest of Europe Furniture Market Share, By Material, By Value, 2019–2029

List of Tables

Table 1        Europe Furniture Market Size, By Value (USD Billion), 2019–2029

Table 2        Europe Furniture Market Size, By Product, By Value, 2019–2029

Table 3        Europe Furniture Market Size, By Application, By Value, 2019–2029

Table 4        Europe Furniture Market Size, By Material, By Value, 2019–2029

Table 5        Germany Furniture Market Size, By Value (USD Billion), 2019–2029

Table 6        Germany Furniture Market Share, By Product, By Value, 2019–2029

Table 7        Germany Furniture Market Share, By Application, By Value, 2019–2029

Table 8        Germany Furniture Market Share, By Material, By Value, 2019–2029

Table 9        United Kingdom Furniture Market Size, By Value (USD Billion), 2019–2029

Table 10      United Kingdom Furniture Market Share, By Product, By Value, 2019–2029

Table 11      United Kingdom Furniture Market Share, By Application, By Value, 2019–2029

Table 12      United Kingdom Furniture Market Share, By Material, By Value, 2019–2029

Table 13      Italy Furniture Market Size, By Value (USD Billion), 2019–2029

Table 14      Italy Furniture Market Share, By Product, By Value, 2019–2029

Table 15      Italy Furniture Market Share, By Application, By Value, 2019–2029

Table 16      Italy Furniture Market Share, By Material, By Value, 2019–2029

Table 17      France Furniture Market Size, By Value (USD Billion), 2019–2029

Table 18      France Furniture Market Share, By Product, By Value, 2019–2029

Table 19      France Furniture Market Share, By Application, By Value, 2019–2029

Table 20      France Furniture Market Share, By Material, By Value, 2019–2029

Table 21      Spain Furniture Market Size, By Value (USD Billion), 2019–2029

Table 22      Spain Furniture Market Share, By Product, By Value, 2019–2029

Table 23      Spain Furniture Market Share, By Application, By Value, 2019–2029

Table 24      Spain Furniture Market Share, By Material, By Value, 2019–2029

Table 25      Belgium Furniture Market Size, By Value (USD Billion), 2019–2029

Table 26      Belgium Furniture Market Share, By Product, By Value, 2019–2029

Table 27      Belgium Furniture Market Share, By Application, By Value, 2019–2029

Table 28      Belgium Furniture Market Share, By Material, By Value, 2019–2029

Table 29      Russia Furniture Market Size, By Value (USD Billion), 2019–2029

Table 30      Russia Furniture Market Share, By Product, By Value, 2019–2029

Table 31      Russia Furniture Market Share, By Application, By Value, 2019–2029

Table 32      Russia Furniture Market Share, By Material, By Value, 2019–2029

Table 33      The Netherlands Furniture Market Size, By Value (USD Billion), 2019–2029

Table 34      The Netherlands Furniture Market Share, By Product, By Value, 2019–2029

Table 35      The Netherlands Furniture Market Share, By Application, By Value, 2019–2029

Table 36      The Netherlands Furniture Market Share, By Material, By Value, 2019–2029

Table 37      Rest of Europe Furniture Market Size, By Value (USD Billion), 2019–2029

Table 38      Rest of Europe Furniture Market Share, By Product, By Value, 2019–2029

Table 39      Rest of Europe Furniture Market Share, By Application, By Value, 2019–2029

Table 40      Rest of Europe Furniture Market Share, By Material, By Value, 2019–2029

Table 41      IKEA Company Overview

Table 42      IKEA Financial Overview

Table 43      Poltrona Frau Company Overview

Table 44      Poltrona Frau Financial Overview

Table 45      B&B Italia Company Overview

Table 46      B&B Italia Financial Overview

Table 47      Minotti Company Overview

Table 48      Minotti Financial Overview

Table 49      Vitra Company Overview

Table 50      Vitra Financial Overview

Table 51      Arper Company Overview

Table 52      Arper Financial Overview

Table 53      USM Haller Company Overview

Table 54      USM Haller Financial Overview

Table 55      Ligne Roset Company Overview

Table 56      Ligne Roset Financial Overview

Table 57      Cassina Company Overview

Table 58      Cassina Financial Overview

Table 59      Roche Bobois Company Overview

Table 60      Roche Bobois Financial Overview

Table 61      Flexform Company Overview

Table 62      Flexform Financial Overview

Table 63      March Networks Corporation Company Overview

Table 64      March Networks Corporation Financial Overview

Table 65      Other Prominent Players Company Overview

Table 66      Other Prominent Players Financial Overview