Italy Furniture Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Italy Furniture Market Analysis
The Italy Furniture Market is expected to register a CAGR of greater than 4% during the forecast period(2024-2029).
The Italian furniture industry plays an important part in the Italian economy. Italy is one of the leading exporters of furniture in the world and the fourth-largest furniture manufacturer in the world. Among the key factors influencing the popularity of Italian furniture is the fact that the Italian furniture industry is at the forefront in terms of designing production and product aesthetics, and Italian architecture has a strong role to play as a global trendsetter.
The COVID-19 pandemic has had an impact on every aspect of human life, including the economy. From hospitality to retail to automotive to aviation, industries are being hit hard by forced closures and decreased consumption. The Italian furniture market has not been left behind. In addition to the market and logistical challenges posed by the COVID-19 pandemic, EU furniture manufacturers suffered in higher-end export markets in Asia, the CIS, and the Middle East as a result of a variety of factors, such as Chinese product diversion away from the US to other markets, a sharp drop in global equity markets near the end of 2020, extreme weakness of the Russian rouble, and low oil prices. However, as time went by, the pandemic started to renormalize, turning into a new normal, and the Italian furniture market slowly grew again.
Italian furniture traditionally occupies a special place in the overall history of furniture, with Italy being the birthplace of the classical Renaissance and Italian Renaissance furniture. The production of furniture products in Italy is increasing steadily, along with the living room and dining room furniture markets. Some of the major export countries for Italian furniture include France, Germany, the United States, and Canada.
Italy Furniture Market Trends
E-commerce Sales in the Furniture Industry is Growing in the Country
Italy is the largest market for E-commerce, and the market witnessed a growth of nearly 33% in 2021. The coronavirus pandemic surprised the global market, Over time, more and more restrictions came into force, and people were locked up in homes. It bosted the E-commerce market. The role of the internet became more and more important, giving the consumer the opportunity to buy at lower prices and have a wider range of options to choose from. Furniture is slowly becoming a leading sector of Italian e-commerce. The value of e-commerce for furniture accounted for nearly USD 3.39 Billion in 2021 and is projected to reach 4.29 Billion USD by 2023 and is expected to grow further in the upcoming years. Some of the leading e-commerce home furniture websites in Italy include Ikea.com, manomano.it, leroymerlin.it, and mondoconv.it.
Rising Exports of Italian Furniture Products
Some of the best opportunities for the Italian furniture industry come from exports, which currently account for nearly 58% of total production. The top two markets for Italian exports are France and Germany. Some of the other prominent export regions of Italian furniture products include the Asia-Pacific region, which is currently witnessing an increased demand for furniture consumption, followed by the United States, Italy, and Canada.
Furniture exports in Italy increased from nearly EUR 8300 million (USD 8794 million) in 2014 to EUR 15600 million (USD 16528 million) in 2021, showing a steady growth rate. The increase in exports of Italian furniture products is expected to continue in the forecast period.
Italy Furniture Industry Overview
The Italian furniture industry is marked by significant fragmentation and concentration of production units in specific geographical areas. Some of the major players in the country include Natuzzi, Molteni, Scavolini, Lube, and Poltrona Frau. International players are giving domestic players more competition, so they are merging with other companies and launching new products to make their products more innovative.
Italy Furniture Market Leaders
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Natuzzi
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Molteni
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Scavolini
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Cucine Lube
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Poltrona Frau
*Disclaimer: Major Players sorted in no particular order
Italy Furniture Market News
- October 2023: Tomasella introduced new bedroom and dining introductions at High Point Market, as well as at the Salone del Mobile Milano. New items include the Vulcano collection, which is inspired by Vulcano, a city near Sicily containing three volcanoes. The line includes high-end dining and bedroom pieces with high gloss finishes, sculptured metal bases, and different options for chairs and table tops.
- October 2023: Furniture brand Natuzzi Italia has unveiled a sofa designed by Bjarke Ingels Group. The Colle Sofa, available online, draws inspiration from Natuzzi Italia’s early iconic designs.
- October 2023: Italian furniture group Poltronesofà is to aquire sofa and flooring retailer ScS to enter in the UK with a deal of more than 60% share.
Italy 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 INSIGHTS AND DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Market Opportunities
- 4.5 Industry Value Chain Analysis
- 4.6 Porter's Five Forces Analysis
- 4.7 Insights on Trends and Innovations Influencing the Italy Furniture Market
- 4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Application
- 5.1.1 Home Furniture
- 5.1.2 Office Furniture
- 5.1.3 Hospitality Furniture
- 5.1.4 Other Furniture
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5.2 By Material
- 5.2.1 Wood
- 5.2.2 Metal
- 5.2.3 Plastic and Other Furniture
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5.3 By Distribution Channel
- 5.3.1 Home Centers
- 5.3.2 Specialty Stores
- 5.3.3 Flagship Stores
- 5.3.4 Online
- 5.3.5 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Natuzzi
- 6.2.2 Gruppo Molteni
- 6.2.3 Poltrona Frau
- 6.2.4 Poltronesofa
- 6.2.5 Scavolini
- 6.2.6 Lube
- 6.2.7 B&B Italia
- 6.2.8 Veneta Cucine
- 6.2.9 Poliform
- 6.2.10 Giessegi
- 6.2.11 Snaidero
- 6.2.12 Arredo 3
- 6.2.13 Club House Italia
- 6.2.14 Calligaris
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityItaly Furniture Industry Segmentation
The Italy Furniture Market is segmented by Application (Home Furniture, Office Furniture, Hospitality Furniture, and Other Furniture), by Material (Wood, Metal, Plastic, and Other Furniture), and by Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online, and Other Distribution Channels). The report offers market size and forecasts for the Italy Furniture Market in value (USD) for all the above segments.
| By Application | Home Furniture |
| Office Furniture | |
| Hospitality Furniture | |
| Other Furniture | |
| By Material | Wood |
| Metal | |
| Plastic and Other Furniture | |
| By Distribution Channel | Home Centers |
| Specialty Stores | |
| Flagship Stores | |
| Online | |
| Other Distribution Channels |
Italy Furniture Market Research FAQs
What is the current Italy Furniture Market size?
The Italy Furniture Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Italy Furniture Market?
Natuzzi, Molteni, Scavolini, Cucine Lube and Poltrona Frau are the major companies operating in the Italy Furniture Market.
What years does this Italy Furniture Market cover?
The report covers the Italy Furniture Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Furniture in Italy Industry Report
Statistics for the 2024 Italy Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Italy Furniture analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
