Market Trends of Europe Upholstered Furniture Industry
This section covers the major market trends shaping the Europe Upholstered Furniture Market according to our research experts:
Growing Demand for Home Furniture Products through E-commerce
Online home furniture sales are expected to see upward growth worldwide, and Europe is also witnessing a surge in online sales of home furniture products. For instance, in Europe, countries like the United Kingdom are counted as the 5th largest market for furniture purchased online, and these numbers are expected to increase further in fore coming years. One of the key benefits of online retailing is increased choice and a higher level of personalization which stimulates the purchase decisions of customers. The rising digitalization of furniture and interior shopping offers immense potential to retailers, and many players such as IKEA and Amazon are investing heavily to increase their online presence in household e-commerce.
The Residential Segment in the European Region is Driving the Market
Growing disposable income, the increasing urbanization, and the rising focus on aesthetics and urban lifestyles are further leading to higher usage of upholstery furniture products. Fabric creates a first and lasting impression on people, so it is essential that it looks perfect. The upholstered furniture creates luxurious feelings and experiences among consumers with different types of fabric materials, which is responsible for driving this market. Urbanization is augmenting the growth of the market study with all major countries across the world, witnessing a ride in their urban population, which fuels the demand for furniture products like upholstered furniture. The installation of upholstered furniture can improve a home's appearance and boost its value. Upholstered furniture made from wood and metal with fabric padding materials such as seats and other internal surfaces is gaining popularity among consumers due to its high aesthetic value and durability. The rise in eco-friendly and multifunctional furniture is also supporting market growth in developed economies. Residential remodeling and replacement may continue to account for upholstered furniture demand, as homeowners replace older furniture with newer products that offer enhanced visuals.
