Market Size of Europe Kitchen Furniture Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 3.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Kitchen Furniture Market Analysis
The European kitchen Furniture Market generated a revenue of over USD 6.8 billion in the current year and is anticipated to register a CAGR of more than 3% for the forecast period.
The Kitchen Furniture Market has started combining new technologies and innovations with cultural heritage, tradition, and style, providing jobs for skilled workers. An increase in consumption is one of the key factors impelling the growth of the European kitchen Furniture Market. The European Furniture Kitchen Market growth in the future will arrive at the growing demand for eco-friendly furniture, modern and authentic kitchen furniture, rise in hotels & restaurants, easy availability of raw materials from suppliers, and reduction of high-cost transportation to manufacturers. Germany, Italy, and Poland are the main furniture exporting countries, making Europe have a long history of kitchen furniture manufacturing.
In addition, the growing Work-from-home culture is gaining traction in Europe, with more people installing kitchens in their homes and refurbishing their living spaces, increasing the number of kitchens and, as a result, a boost in the kitchen furniture industry. This has also resulted in a surge in privately owned and small home constructions, which has fueled the growth of the Kitchen Furniture market, which is likely to continue over the forecast period.
COVID-19 negatively impacted the kitchen furniture market in Europe because of lockdown imposition and the manufacturing halts. The furniture industry made up for some of the losses during COVID-19, so the value of products sold after 8 months stood about 5% lower than the previous year. The collapse of exports was accompanied by a loss of about 10%, along with the downward trend of wood-based panel prices on the European market. Post-COVID-19, the growth is projected along with the rise in export trades in the kitchen furniture market of Europe.
Europe Kitchen Furniture Industry Segmentation
Europe Kitchen Furniture is one of the most widely demanded Kitchen Furniture as people are more preferring urban and modern kitchen furniture. European countries like Italy, France, Spain, and Sweden are profoundly known for their well-designed, luxurious, and newly innovative furniture. A complete background analysis of the European Kitchen Furniture Market, which includes the market overview, market size estimation for key segments, emerging trends in the market, market dynamics, and key company profiles, is covered in the report.
The European kitchen Furniture Market is Segmented by Product Type (Kitchen Cabinets, Kitchen Chairs, Kitchen Tables, and Other Product Types), by Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Other Distribution Channels), by End User (Residential, and Commercial), and by Geography (Italy, Germany, France, Poland, United Kingdom and Rest of Europe). The report offers market size and forecasts for the Europe Kitchen Furniture Market in value (USD) for all the above segments.
By Product Type | |
Kitchen Cabinets | |
Kitchen Chairs | |
Kitchen Tables | |
Other Product Types |
By End User | |
Residential | |
Commercial |
By Distribution Channel | |
Hypermarkets/ Supermarkets | |
Specialty Stores | |
Online | |
Other Distribution Channels |
By Geography | |
Italy | |
Germany | |
France | |
Poland | |
United Kingdom | |
Rest of Europe |
Europe Kitchen Furniture Market Size Summary
The European kitchen furniture market is experiencing a dynamic transformation, driven by the integration of new technologies with traditional styles and cultural heritage. This evolution is creating job opportunities for skilled workers and is fueled by increasing consumer demand for eco-friendly and modern kitchen solutions. The market's growth is further supported by the rise in the hospitality sector, the easy availability of raw materials, and reduced transportation costs. Key players in the market, such as Germany, Italy, and Poland, are significant exporters, contributing to Europe's rich history in kitchen furniture manufacturing. The growing trend of remote work has also led to an increase in home renovations, boosting the demand for kitchen furniture as more individuals invest in their living spaces.
The market is highly competitive and fragmented, with numerous local and international players offering a wide range of products across different price points. Digitalization has significantly impacted the market, with a notable increase in online sales, providing consumers with convenient access to various options and competitive pricing. Germany stands out as the largest furniture market in Europe, with its manufacturers continuing to expand both domestically and internationally through innovative product designs and technological advancements. The market is characterized by the presence of well-known brands and companies focusing on modern and contemporary designs, ensuring a competitive landscape that fosters continuous growth and innovation.
Europe Kitchen Furniture Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Technological Advancements are Driving the Market
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1.2.2 Urbanisation is Driving the Market
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1.3 Market Restraints
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1.3.1 Supply Chain Disruptions are Restraining the Market
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1.4 Market Opportunities
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1.4.1 New Innovations and Hygienic Solutions will Create Opportunities to New Entrants
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1.5 Industry Value Chain/ Supply Chain Analysis
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1.6 Industry Attractiveness: Porter's Five Forces Analysis
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1.6.1 Bargaining Power of Buyers/ Consumers
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1.6.2 Bargaining Power of Suppliers
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1.6.3 Threat of new Entrants
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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1.7 Insights on Consumer Buying Behaviour in Europe Kitchen Furniture Market
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1.8 Insights on Technological Disruption in Europe Kitchen Furniture Market
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1.9 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Kitchen Cabinets
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2.1.2 Kitchen Chairs
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2.1.3 Kitchen Tables
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2.1.4 Other Product Types
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2.2 By End User
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2.2.1 Residential
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2.2.2 Commercial
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2.3 By Distribution Channel
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2.3.1 Hypermarkets/ Supermarkets
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2.3.2 Specialty Stores
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2.3.3 Online
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2.3.4 Other Distribution Channels
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2.4 By Geography
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2.4.1 Italy
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2.4.2 Germany
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2.4.3 France
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2.4.4 Poland
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2.4.5 United Kingdom
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2.4.6 Rest of Europe
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Europe Kitchen Furniture Market Size FAQs
What is the current Europe Kitchen Furniture Market size?
The Europe Kitchen Furniture Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Europe Kitchen Furniture Market?
Lark and Larks, Moores furniture, IKEA, Euro Rite and Cash and Carry Furniture are the major companies operating in the Europe Kitchen Furniture Market.