Europe Furniture Market Size | Industry Insight, Regional Outlook and Forecast 2020-2026

The Europe furniture market size was more than USD 168.83 billion in 2019 and is expected to grow at a CAGR of over 5.1% through 2026. Europe accounts for one fourth of the global furniture production. The accelerated demand for luxury furniture in the European market is strongly driven by the demand for custom-made, aesthetically attractive furniture. It is manufactured and delicately crafted by highly skilled and creative craftsmen to cater to the growing demand across the residential and commercial sectors.

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The UK, Germany, Italy, and France collectively produced around 15% of the global production of furniture. European countries such as Germany, France, and the UK are observing the upward trend of renovation and housing, as well as upsurge in the demand for residential establishments.

By material, the market includes plastic, metal, leather, glass, and wood, of which, the metal-based segment is flourishing in Europe furniture industry forecast. This trend is fuelled by the usage of metal-based furniture in corporate settings. Currently, metal-based furniture captures the second strongest CAGR in Europe. This furniture is the most aesthetically refreshing as it carries a modern and stylish appearance. In addition, these products can be used in most environments, as they have longer product life and can enhance the aura of a living space to a considerable extent, pushing market growth.

By end-use, the furniture market in Europe is classified into residential and commercial. Under the residential criteria are areas of a house such as living room, bedroom, kitchen, dining room, terraces, patios, backyards, and other outdoor spaceswhere specific type of furniture could be installed to enhance its ambience. For instance, metal-based furniture fittings are most adorned in kitchens due to their durability and classic appearance, while wooden or cane furniture is suitable for gardens and backyards. The commercial or non-residential criteria are classified further into offices, hospitals, clinics, hotels, restaurants.

Considering the scalability of operations all over Europe, eastern European countries have been progressing rapidly by leading regional demand. The furniture market in Europe is mainly focused and spread across Switzerland, UK, Italy, Germany, Spain, and other parts of Europe.

Europe is known for its dynamic educational infrastructure and aspirants from across the globe apply to European universities. There is a continuous demand for unique   products which enhance students’ comfort and learning environment. The industry landscape is stimulated by introduction of innovative furniture designs with ergonomic structures. This enhances the comfort levels for students in classrooms, fostering the overall learning environment for students and teachers.

The rising deforestation issues in Europe have alerted the Government with regards to wood conservation. This might act as a restraint for European furniture industry, particularly across the wooden furniture segment through 2026. On the flip side, global connectivity of markets will act as an advantage for manufacturers to procure raw material at low cost and connect regional customers as well as international customers to access the market.

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European furniture market participants have relocated their production to other regions in order to optimise operational efficiency and reduce their cost levels. The key players in the industry are Davidson, Hadly Rose, Vimercati, Giemme Stile S.P.A., and Orangebox group ltd.

Table of Contents (ToC) of the report:

Chapter 3   Europe Furniture Market Insights

3.1    Industry coverage

3.2    Industry size and forecast, 2016 – 2026

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.4    Future trends

3.4.1    Innovation Landscape

3.5    Raw material analysis

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Drivers

3.7.2    Restraints

3.8    Application growth mapping

3.9    Industry analysis: Porter’s

3.10    Competitive benchmarking

3.10.1    Strategy dashboard

3.11    PEST analysis

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