Europe Home Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 149.79 Billion |
| Market Size (2029) | USD 189.27 Billion |
| CAGR (2024 - 2029) | 4.78 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Home Furniture Market Analysis
The Europe Home Furniture Market size is estimated at USD 149.79 billion in 2024, and is expected to reach USD 189.27 billion by 2029, growing at a CAGR of 4.78% during the forecast period (2024-2029).
The growing demand for home furnishings in the region is a major factor behind Europe's growth. To reduce production costs and increase operational efficiency, market participants in this region have moved their manufacturing into other regions of the world. Europe accounts for one-fourth of the world's furniture production. Almost 15 % of the world's furniture production is done by Germany, the United Kingdom, Italy, and France.
Increased consumption is one of the main drivers for Europe's furniture market expansion. The future growth of the European furniture market will be driven by increasing demand for environmentally friendly, modern, and luxury furniture.
During the forecast period, the European home furniture market is expected to grow strongly. Some of the main factors that contribute to the market growth are rising disposable income, increasing building activity in the region, and growing urbanization. Strong economic growth and the development of regional demand trends have been observed in Eastern European countries. The growing trend of housing renovation and increasing demand for housing is being observed in Western European countries, such as Germany, the United Kingdom, France, etc.
Wooden furniture is in high demand in Europe due to the fast-growing real estate sector. Wooden furniture offers remarkable durability, eco-friendliness, comfort, mechanical resistance, and visual appeal. It also offers easy maintenance, modularity, high strength, stiffness, and sustainability. All of these factors will increase the demand for wood furniture in Europe.
Europe Home Furniture Market Trends
Rising Demand for Smart Home Furniture
The increasing prevalence of smart home technology has sparked a growing fascination with furniture that integrates technological features. This encompasses products such as sofas equipped with charging ports, beds adjustable via remote control, and furniture pieces with integrated smart lighting solutions. Incorporating network-connected features, items like dressing tables, chairs, shelves, and cabinet doors merge with smart home technologies to form smart furniture. Smart furniture seeks to revolutionize everyday living by addressing core concerns like the convenience of charging electronic devices.
Germany Will Continue to Dominate the European Home Furniture Market
Germany's furniture industry is one of the EU's biggest exporters, making it an attractive market for manufacturers. A popular trend in the German furniture market is furniture made from natural materials and innovative designs. In terms of sales, technology, and innovation in product design, the German kitchen furniture sector continues to grow.
The demand for furniture in Germany is being driven by the ongoing construction and renovation activities, which are based on urbanization, population growth, and infrastructure development. The furniture market is experiencing growth in both the housing and business sectors as new buildings are being built and old structures are undergoing renovation. The construction activity is not confined to building new buildings but also covers renovation and redecoration projects.
Sustainability has also become a priority within the industry. Many manufacturers are committed to eco-friendly practices and use sustainable materials to meet global environmental requirements. When cities become more urban, compact, and multifunctional furniture solutions are becoming increasingly popular, people's lifestyles and preferences change. Space problems are solved by these solutions while maintaining the integrity of the design. More and more people are also going for custom or customized furniture.
Europe Home Furniture Industry Overview
The home furniture market in Europe is a fragmented market. The market is dominated by a few European furniture retailers, while the manufacturing and design and distribution segments do not have a clear market leader. The retail sector consolidates at a rapid pace, primarily due to the desire of retailers to acquire smaller competitors that are suffering from financial difficulties. This trend is expected to be followed by the manufacturing sector, given that it has a smaller bargaining power than retailers. Some of the major players dominating the market are BoConcept, B&B Italia, Poltrona Frau, Natuzzi Italia, and IKEA.
Europe Home Furniture Market Leaders
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BoConcept
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B&B Italia
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Poltrona Frau
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Natuzzi Italia
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IKEA
*Disclaimer: Major Players sorted in no particular order
Europe Home Furniture Market News
- November 2023: Boconcept and BIG announced the establishment of a Nawabari partnership in newly refurbished offices in Copenhagen. BIG – Biaske Ingels Group is redefining flexible and sustainable office spaces. The newly built space is complemented by BIG’s new sculptural furniture range, Nawabari – a collaboration with global design brand BoConcept.
- June 2023: Lumens, the world’s leading online design destination, partnered with Italy’s leading luxury design brand, B&B Italia. Lumens is North America’s leader in luxury lighting, luxury furniture, and luxury home furnishings, redefining the design industry in most home categories.
Europe Home Furniture Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS & INSIGHTS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Adoption of Work from Home Culture Driving Market Demand
- 4.2.2 Increasing Urbanization and Changing Consumers Preferences Driving Market Growth
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4.3 Market Restraints
- 4.3.1 Supply of Raw Material Can be Disrupted by Geopolitical Tensions
- 4.3.2 High Production Costs
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4.4 Market Opportunities
- 4.4.1 Shoppers Using 3D Visuals for Purchasing the Furniture
- 4.5 Industry Value Chain Analysis
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4.6 Porters 5 Force Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers/Consumers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitute Products
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Insights on technological innovations in the furniture industry
- 4.8 Insights on consumer preferences for furniture products in the country
- 4.9 Insights on key online players in the market
- 4.10 Impact of COVID 19 on the market
5. MARKET SEGMENTATION
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5.1 By Material
- 5.1.1 Wood
- 5.1.2 Metal
- 5.1.3 Plastic
- 5.1.4 Other Furniture
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5.2 By Type
- 5.2.1 Living Room Furniture
- 5.2.2 Dining Room Furniture
- 5.2.3 Bedroom Furniture
- 5.2.4 Kitchen Furniture
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5.3 By Distribution Channel
- 5.3.1 Supermarkets & Hypermarkets
- 5.3.2 Specialty Stores
- 5.3.3 Wholesalers
- 5.3.4 Online
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5.4 By Country
- 5.4.1 Germany
- 5.4.2 United Kingdom
- 5.4.3 Spain
- 5.4.4 France
- 5.4.5 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Market Competion Overview
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6.2 Company Profiles
- 6.2.1 BoConcept
- 6.2.2 IKEA
- 6.2.3 Ligne Roset
- 6.2.4 B&B Italia
- 6.2.5 Poltrona Frau
- 6.2.6 Natuzzi Italia
- 6.2.7 Roche Bobois
- 6.2.8 Molteni
- 6.2.9 Colombini Casa
- 6.2.10 Calligaris
- 6.2.11 Cotta
- 6.2.12 Friul Intagli
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityEurope Home Furniture Industry Segmentation
Home furnishings are pieces of furniture that can be moved around the house or office to make it more comfortable to live and work in it.
The European furniture market is segmented by material, type, distribution channel, and country. The market is segmented by material type into wood, metal, plastic, and other furniture (glass, steel, particleboard, etc.). The market is segmented by type into kitchen, living room, dining room, and bedroom furniture. The market is segmented by distribution channel into supermarkets, hypermarkets, specialty stores, wholesalers, and online. By country, the market is segmented into Germany, the United Kingdom, France, Spain, and the Rest of Europe. The report offers market size and forecasts for the European home furniture market in value (USD) for all the above segments.
| By Material | Wood |
| Metal | |
| Plastic | |
| Other Furniture | |
| By Type | Living Room Furniture |
| Dining Room Furniture | |
| Bedroom Furniture | |
| Kitchen Furniture | |
| By Distribution Channel | Supermarkets & Hypermarkets |
| Specialty Stores | |
| Wholesalers | |
| Online | |
| By Country | Germany |
| United Kingdom | |
| Spain | |
| France | |
| Rest of Europe |
Europe Home Furniture Market Research FAQs
How big is the Europe Home Furniture Market?
The Europe Home Furniture Market size is expected to reach USD 149.79 billion in 2024 and grow at a CAGR of 4.78% to reach USD 189.27 billion by 2029.
What is the current Europe Home Furniture Market size?
In 2024, the Europe Home Furniture Market size is expected to reach USD 149.79 billion.
Who are the key players in Europe Home Furniture Market?
BoConcept, B&B Italia, Poltrona Frau, Natuzzi Italia and IKEA are the major companies operating in the Europe Home Furniture Market.
What years does this Europe Home Furniture Market cover, and what was the market size in 2023?
In 2023, the Europe Home Furniture Market size was estimated at USD 142.63 billion. The report covers the Europe Home Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Home Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Home Furniture Industry Report
Statistics for the 2023 Europe Home Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Home Furniture analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
