Europe Sofa and Chair Market To Accrue Revenue Worth USD 122 Billion by 2026: Facts and Factors

The demand for Europe Sofa and Chair Market in 2019 was approximately USD 74 Billion. The market is expected to grow at a CAGR of 6% and is anticipated to reach around USD 122 Billion by 2026.

Sofa and Chair are essential parts of furniture that can be found in the homes, offices, and many hospitality businesses. Europe plays a crucial role in the sofa and chair industry in terms of production as well as its trade value in the international market. Europe is among the leading sofa and chair manufacturing region and has some of the renowned market players. Italy, Germany, and France are considered to be the main exporting countries of sofa and chair on a global scale. Europe has a rich history of furniture, and the leading companies of this market combine the classic and traditional design along with modern and innovative technologies, helping skilled workers in getting jobs and leading the region in the global market.

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The market for Europe Sofa and Chair is driven by substantial export from European countries like Italy, Germany, and the United Kingdom. A substantial 60% of the contribution to the export of sofa and chair is boosting the growth of the market in the region. These countries are well-known for their beauty and traditional designs with exceptional quality and reputation in the international market. To retain the international market, companies concentrate on 3D technologies that produce significant demand from foreign markets. Significant investments in technology and a business model focused on industrial districts have fuelled the sofa and chair industry in the region. Also, the rising disposable income of the working class across the globe, along with the rising of a better quality of life is expected to foster the demand for the market. The surging residential and commercial construction activities, along with the purchase of new homes and offices, escalated the market demand. However, the aging population of skilled laborers is estimated to be a huge hurdle in the sofa and chair market. Moreover, the high labor costs in European countries as compared with other regions in the market hinders the growth of the market. Nevertheless, the introduction of multipurpose sofa and chair that are flexible, taking less space, and satisfying multiple user requirements provides several growth options for the market. The surging demand among millennials for downsized apartments provide lucrative growth opportunities for the sofa and chair market.

The fabric sofa is expected to conquer the industry owing to the excessive range of fabrics commercially available. Some major players also have a feature where the consumer can customize the sofa as they wish by choosing the style, pattern, and color of the fabric. Given its large use in commercial entities and organizations, the armchair is expected to retain a market share. The armrest on the chair serves to position the hands on the rest of the chair which protects it from being stressed by constant work or any other operation performed while seated on the chair. Classic style is much favored by people owing to its attractive architecture and is more commonly used in companies and business premises along with the growing demand for offices and hotels.

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The top key players in the Europe Sofa and Chair Market are as follows:

Roche Bobois
Artek
BoConcept
Tom Dixon
B&B Italia
Poltrona Frau
Ligne Roset
Fritz Hansen
Luxxu
Boca Do Lobo

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This report segments the Europe Sofa and Chair Market as follows:

Europe Sofa and Chair Market: By Sofa Type Segmentation Analysis

Leather Sofa
Fabric Sofa
Wood Sofa
Others

Europe Sofa and Chair Market: By Chair Type Segmentation Analysis

Backrest Chair
Multifunctional Chair
Folding Chair
Lounge Chair
Arm Chair
Others

Europe Sofa and Chair Market: By Material Segmentation Analysis

Fabric
Leather
Others

Europe Sofa and Chair Market: By Style Segmentation Analysis

Modern
Classic

Europe Sofa and Chair Market: By Usage Segmentation Analysis

Private Home
Office Usage
Indoor
Outdoor

Europe Sofa and Chair Market: By Application Segmentation Analysis

Household
Commercial

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