Market Size of Netherlands Home Furniture Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 8.64 Billion |
Market Size (2029) | USD 10.93 Billion |
CAGR (2024 - 2029) | 4.81 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Netherlands Home Furniture Market Analysis
The Netherlands Home Furniture Market size is estimated at USD 8.64 billion in 2024, and is expected to reach USD 10.93 billion by 2029, growing at a CAGR of 4.81% during the forecast period (2024-2029).
The home furniture market involves buying and selling various furniture and furnishings intended for residential use. This market includes multiple products such as sofas, beds, tables, chairs, cabinets, mattresses, and decorative accessories for living rooms, bedrooms, kitchens, dining rooms, and outdoor spaces.
- The rise in furniture spending among millennials, combined with their heightened brand awareness, is driving the market to achieve increasing revenues.
- The proliferation of e-commerce platforms offering diverse furniture designs and models is fuelling the growth of the market, particularly in developing countries.
- The adoption of omnichannel distribution strategies by key players is also contributing to higher revenue generation within the market.
- Due to significant demand from younger consumers, key players in the furniture industry have introduced various offers on their products. The rising popularity of do-it-yourself (DIY) furniture products and ready-to-assemble (RTA) options is fueling market growth, particularly in the home and office furniture segments, leading to increased sales across the Netherlands.
The growth of residential and commercial construction projects in the country, coupled with the proliferation of strategic alliances and partnerships, is expected to drive further expansion in the market.
Netherlands Home Furniture Industry Segmentation
Home furniture is a broad category of movable objects designed for use within residential spaces to support various activities and provide comfort, functionality, and aesthetic appeal.
The home furniture market in the Netherlands is segmented by material, type, and distribution channel. By material type, the market is segmented into wood, metal, plastic, and other furniture. By type, the market is segmented into living room furniture, kitchen furniture, dining-room furniture, bedroom furniture, and other furniture. By distribution channel, the market is segmented into home centers, flagship stores, specialty stores, online stores, and other distribution channels. The reports offer the market sizing and forecasts 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 | |
Other Furniture |
By Distribution Channel | |
Home Centers | |
Flagship Stores | |
Specialty Stores | |
Online | |
Other Distribution Channels |
Netherlands Home Furniture Market Size Summary
The Netherlands home furniture market is poised for substantial growth over the forecast period, driven by a combination of factors including increased consumer spending, the rise of e-commerce, and the adoption of omnichannel distribution strategies. The market encompasses a wide range of products such as sofas, beds, tables, and decorative accessories, catering to various residential spaces like living rooms, bedrooms, and outdoor areas. The growing influence of millennials, who are more brand-conscious and willing to invest in quality furnishings, is a significant driver of market expansion. Additionally, the popularity of DIY and ready-to-assemble furniture options is contributing to increased sales, particularly in the home and office segments.
The market's growth is further supported by rising disposable incomes, which enable consumers to prioritize premium and smart furniture products, especially in urban areas. The demand for high-end, durable furniture is particularly strong, with wooden products favored for their aesthetic appeal in country-style settings. The market is highly fragmented, dominated by small to medium-sized family-owned businesses, yet major players like IKEA and Leen Bakker are focusing on innovative designs and larger production capacities to remain competitive. Strategic alliances and partnerships, along with the expansion of physical retail spaces by companies like JD.com, are expected to drive further market development in the Netherlands.
Netherlands Home Furniture Market Size - Table of Contents
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1. MARKET DYNAMICS & INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rise in Urbanization and Housing Sector
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1.2.2 Home Improvement and Renovation Project
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1.3 Market Restraints
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1.3.1 High Competitive Market
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1.3.2 Fluctuating Raw Material Cost
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1.4 Market Opporunities
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1.4.1 Increaseing Online Retail and Omni Channel Presence
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1.4.2 Customization and Personalization Furniture
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Forces Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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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 into Technological Innovations in the Market
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1.8 Impact of COVID-19 on the market
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2. MARKET SEGMENTATION
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2.1 By Material
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2.1.1 Wood
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2.1.2 Metal
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2.1.3 Plastic
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2.1.4 Other Furniture
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2.2 By Type
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2.2.1 Living Room Furniture
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2.2.2 Dining Room Furniture
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2.2.3 Bedroom Furniture
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2.2.4 Kitchen Furniture
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2.2.5 Other Furniture
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2.3 By Distribution Channel
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2.3.1 Home Centers
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2.3.2 Flagship Stores
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2.3.3 Specialty Stores
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2.3.4 Online
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2.3.5 Other Distribution Channels
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Netherlands Home Furniture Market Size FAQs
How big is the Netherlands Home Furniture Market?
The Netherlands Home Furniture Market size is expected to reach USD 8.64 billion in 2024 and grow at a CAGR of 4.81% to reach USD 10.93 billion by 2029.
What is the current Netherlands Home Furniture Market size?
In 2024, the Netherlands Home Furniture Market size is expected to reach USD 8.64 billion.