Furniture Market in Europe: 3.13{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} Y-O-Y Growth Rate in 2022

NEW YORK, Feb. 25, 2022 /PRNewswire/ — The furniture market vendors in Europe should focus on grabbing business opportunities from the Offline Segment as it accounted for the largest market share in the base year.

The Furniture Market Share in Europe is expected to increase by USD 35.93 billion from 2021 to 2026, according to the recent market study by Technavio. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

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Segmentation Analysis & Forecasts

The furniture market share growth in Europe by the offline segment will be significant during the forecast period. The growth in the offline distribution of furniture is augmented by a significant increase in the number of vendors that are expanding and operating their offline stores across Europe.

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Furniture Market in Europe Facts at a Glance-

• Total Pages: 120

• Companies: 10+ – Including B and B Italia SPA, BoConcept, Calligaris SPA, Colombini SPA, F. Hoffmann La Roche Ltd., Fritz Hansen, Inter IKEA Holding BV, Molteni and C SpA, Natuzzi SpA, and Poltrona Frau SPA among other

• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis

• Segments: Distribution channel (offline and online) and Type (living room furniture, bedroom furniture, kitchen and dining, lamps and lighting, and others)

Vendor Insights-

The furniture market in Europe is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.

• B and B Italia SPA- The company offers various furnitures such as chairs, beds, armchairs, sofas, and chaise lounge. Moreover, the company also provides furniture under the brand name of Camaleonda.

• Calligaris SPA- The company offers well-made contemporary design solutions for living, dining, sleeping, working and playing. Moreover, the company also provides furniture under the brand name of Greenbow.

• F. Hoffmann La Roche Ltd.- The company offers Mah Jong furniture which is designed by hans hoper.

Story continues

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Latest Drivers & Trends of the Market-

One of the key factors driving the furniture market growth in Europe is the growth of the real estate and construction industry as it contributes to an increase in the number of office spaces, commercial complexes, and residential buildings. In addition, the increase in the number of single-person and two-person households has contributed to an increase in residential construction activities. The longevity of baby boomers, growing urbanization, and the lifestyle patterns of millennials have contributed to the rising demand for customized furniture. For instance, as per the World Bank Group, the urban population as a percentage of the total population in the European Union increased from 73.9{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} in 2015 to 74.9{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} in 2020. Due to space constraints in urban areas, the demand for multifunctional furniture is also increasing. Such factors are expected to have a significant impact on the growth of the furniture market in Europe in the forecast period.

Biodegradable, sustainable, and renewable raw materials, such as wood, are used in the manufacturing of eco-friendly luxury furniture. North American hardwood is one of the best eco-friendly raw materials used for manufacturing eco-friendly and organic luxury furniture. Furthermore, bamboo has emerged as an eco-friendly substitute for conventional wood used for the manufacturing of luxury furniture. Vendors such as Alta Decoración ArtesMoble SL and Vermont Woods Studios LLC are among the popular manufacturers of eco-friendly and organic furniture globally. The growth of the eco-friendly and organic furniture category is being invigorated by recognition such as awards. Such factors render the rapid emergence of eco-friendly and organic furniture a vital trend, which will positively impact the market growth during the forecast period.

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Table of Contents

1. Executive Summary

1.1 Market Overview

Exhibit 01: Key Finding 1

Exhibit 02: Key Finding 2

Exhibit 03: Key Finding 3

Exhibit 04: Key Finding 5

Exhibit 05: Key Finding 8

2. Market Landscape

2.1 Market ecosystem

Exhibit 06: Parent market

Exhibit 07: Market Characteristics

2.2 Value Chain Analysis

Exhibit 08: Value chain analysis: Home furnishing

2.2.1 Inputs

2.2.2 Inbound logistics

2.2.3 Operations

2.2.4 Outbound logistics

2.2.5 Marketing and sales

2.2.6 Service

2.2.7 Support activities

2.2.8 Innovation

3. Market Sizing

3.1 Market definition

Exhibit 09: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 10: Market segments

3.3 Market size 2020

3.4 Market outlook: Forecast for 2020 – 2025

3.4.1Estimating growth rates for emerging and high-growth markets

3.4.2 Estimating growth rates for mature markets

Exhibit 11: Global – Market size and forecast 2021 – 2026 (million $)

Exhibit 12: Global market: Year-over-year growth 2021 – 2026 ({7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7})

4. Five Forces Analysis

4.1 Five Forces Summary

Exhibit 13: Five forces analysis 2021 – 2026

4.2 Bargaining power of buyers

Exhibit 14: Bargaining power of the buyer

4.3 Bargaining power of suppliers

Exhibit 15: Bargaining power of the supplier

4.4 Threat of new entrants

Exhibit 16: Threat of new entrants

4.5 Threat of substitutes

Exhibit 17: Threat of substitutes

4.6 Threat of rivalry

Exhibit 18: Threat of rivalry

4.7 Market condition

Exhibit 19: Market condition – Five forces 2021

5. Market Segmentation by Distribution channel

5.1 Market segments

Exhibit 20 : Distribution channel- Market share 2020-2025 ({7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7})

5.2 Comparison by Distribution channel

Exhibit 21: Comparison by Distribution channel

5.3 Offline – Market size and forecast 2021-2026

Exhibit 22: Offline – Market size and forecast 2021-2026 ($ billion)

Exhibit 23: Offline – Year-over-year growth 2021-2026 ({7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7})

5.4 Online – Market size and forecast 2021-2026

Exhibit 24: Online – Market size and forecast 2021-2026 ($ billion)

Exhibit 25: Online- Year-over-year growth 2021-2026 ({7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7})

5.5 Market opportunity by Distribution channel

Exhibit 26: Market opportunity by Distribution channel

6 Market Segmentation by Type

6.1 Market segments

Exhibit 27: Type – Market share 2021-2026 ({7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7})

6.2 Comparison by Type

Exhibit 28: Comparison by Type

6.3 Living room furniture – Market size and forecast 2021-2026

Exhibit 29: Living room furniture – Market size and forecast 2021-2026 ($ billion)

Exhibit 30: Living room furniture – Year-over-year growth 2021-2026 ({7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7})

6.4 Bedroom furniture – Market size and forecast 2021-2026

Exhibit 31: Bedroom furniture – Market size and forecast 2021-2026 ($ billion)

Exhibit 32: Bedroom furniture – Year-over-year growth 2021-2026 ({7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7})]

6.5 Kitchen and dining – Market size and forecast 2021-2026

Exhibit 33: Kitchen and dining – Market size and forecast 2021-2026 ($ billion)

Exhibit 34: Kitchen and dining – Year-over-year growth 2021-2026 ({7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7})

6.6 Lamps and lighting – Market size and forecast 2021-2026

Exhibit 35: Lamps and lighting – Market size and forecast 2021-2026 ($ billion)

Exhibit 36: Lamps and lighting – Year-over-year growth 2021-2026 ({7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7})

6.7 Others – Market size and forecast 2021-2026

Exhibit 37: Others – Market size and forecast 2021-2026 ($ billion)

Exhibit 38: Others – Year-over-year growth 2021-2026 ({7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7})

6.8 Market opportunity by Distribution channel

Exhibit 39: Market opportunity by Distribution channel

7. Customer landscape

Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

Exhibit 40: Customer landscape

8. Drivers, Challenges, and Trends

8.1 Market drivers

8.1.1 Growth of the real estate and construction industry

8.1.2 Rising demand for luxury furniture

8.1.3 Growth of organized retail

8.2 Market challenges

8.2.1 Cost challenges faced by manufacturers and vendors

8.2.2 Longer product replacement cycles

8.2.3 Environmental concerns related to furniture

Exhibit 41: Impact of drivers and challenges

8.3 Market trends

8.3.1 Increasing adoption of eco-friendly furniture

8.3.2 Rising number of online retailers

8.3.3 Digital marketing and social media campaigns

9. Vendor Landscape

9.1 Overview

Exhibit 42: Vendor landscape

9.2 Landscape disruption

Exhibit 43: Landscape disruption

Exhibit 44: Industry Risk

9.3 Competitive Scenario

10. Vendor Analysis

10.1 Vendors Covered

Exhibit 45: Vendor Landscape

10.2 Market positioning of vendors

Exhibit 46: Market positioning of vendors

10.3 B and B Italia SPA

Exhibit 47: B and B Italia SPA – Overview

Exhibit 48: B and B Italia SPA – Product and service

Exhibit 49: B and B Italia SPA – Key offerings

10.4 BoConcept

Exhibit 50: BoConcept – Overview

Exhibit 51: BoConcept – Product and service

Exhibit 52: BoConcept – Key offerings

10.5 Calligaris SPA

Exhibit 53: Calligaris SPA – Overview

Exhibit 54: Calligaris SPA – Product and service

Exhibit 55: Calligaris SPA – Key offerings

10.6 Colombini SPA

Exhibit 56: Colombini SPA – Overview

Exhibit 57: Colombini SPA – Product and service

Exhibit 58: Colombini SPA – Key offerings

10.7 F. Hoffmann La Roche Ltd.

Exhibit 59: F. Hoffmann La Roche Ltd. – Overview

Exhibit 60: F. Hoffmann La Roche Ltd. – Business segments

Exhibit 61: F. Hoffmann La Roche Ltd. – Key offerings

Exhibit 62: F. Hoffmann La Roche Ltd. – Segment focus

10.8 Fritz Hansen

Exhibit 63: Fritz Hansen – Overview

Exhibit 64: Fritz Hansen – Product and service

Exhibit 65: Fritz Hansen – Key offerings

10.9 Inter IKEA Holding BV

Exhibit 66: Inter IKEA Holding BV – Overview

Exhibit 67: Inter IKEA Holding BV – Product and service

Exhibit 68: Inter IKEA Holding BV – Key offerings

10.10 Molteni and C SpA

Exhibit 69: Molteni and C SpA – Overview

Exhibit 70: Molteni and C SpA – Business segments

Exhibit 71: Molteni and C SpA – Key offerings

10.11 Natuzzi SpA

Exhibit 72: Natuzzi SpA – Overview

Exhibit 73: Natuzzi SpA – Product and service

Exhibit 74: Natuzzi SpA – Key offerings

10.12 Poltrona Frau SPA

Exhibit 75: Poltrona Frau SPA – Overview

Exhibit 76: Poltrona Frau SPA – Product and service

Exhibit 77: Poltrona Frau SPA – Key offerings

11. Appendix

11.1 Scope of the report

11.1.1 Market definition

11.1.2 Objectives

11.1.3 Notes and caveats

11.2 Currency conversion rates for US$

Exhibit 78: Currency conversion rates for US$

11.3 Research Methodology

Exhibit 79: Research Methodology

Exhibit 80: Validation techniques employed for market sizing

Exhibit 81: Information sources

11.4 List of abbreviations

Exhibit 82: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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