Europe Furniture Market Set for Significant Growth: Valued at USD 216 Billion in 2023, Expected to Grow at an 8% CAGR Through 2030

The 𝐄𝐮𝐫𝐨𝐩𝐞 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 was valued at USD 216 billion in 2023 and is projected to grow at a CAGR of 8% during the forecast period. This growth is driven by increasing demand for modern, luxury, and eco-friendly furniture, alongside the expansion of residential and commercial construction projects across the region.

𝐄𝐮𝐫𝐨𝐩𝐞 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Europe remains a key player in the global furniture industry, being the second-largest furniture manufacturing region and home to some of the world's most influential companies. Countries like Germany, Italy, and Poland are leading exporters globally. The market benefits from Europe's rich cultural heritage, skilled workforce, and strong integration of modern technology and innovation into furniture design. Additionally, the growing popularity of branded furniture, luxury outdoor furnishings, and sustainable products are shaping the market dynamics.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲:https://www.stellarmr.com/report/req_sample/Europe-Furniture-Market/511

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐮𝐫𝐨𝐩𝐞 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

The primary drivers of the Europe Furniture Market include the rise in disposable income, increased investment in residential and commercial construction, and growing demand for multifunctional and branded furniture. The demand for office furniture has surged due to rising employment rates and investments in office infrastructure. Additionally, the preference for eco-friendly furniture and the growth in the tourism and hospitality sectors further fuel market expansion. The ageing population with higher purchasing power has also contributed to the demand for high-end outdoor furniture in the region.

𝐄𝐮𝐫𝐨𝐩𝐞 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The Europe Furniture Market is witnessing trends such as the growing adoption of sustainable materials, including recycled wood, and the rising demand for outdoor furniture for residential gardens and commercial terraces. Additionally, the increasing preference for low-cost and second-hand furniture among middle-income consumers highlights the diversity in consumer preferences. Companies are focusing on innovative designs, ergonomic solutions for remote work settings, and the use of green materials to meet the growing demand for environmentally friendly products. Moreover, the integration of modern aesthetics with traditional craftsmanship continues to appeal to European consumers.

𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐜𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:https://www.stellarmr.com/report/enquire_now/Europe-Furniture-Market/511

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐮𝐫𝐨𝐩𝐞 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐔𝐩𝐝𝐚𝐭𝐞𝐬

𝐕𝐢𝐞𝐭𝐧𝐚𝐦: 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam's export-driven furniture industry continues to play a key role in supplying the European market. Companies like Hoa Phat Group and AA Corporation are collaborating with European retailers to meet the growing demand for high-quality and sustainable furniture. Recent trends show an increasing focus on eco-friendly raw materials, with Vietnam strengthening its position as a leader in the global furniture supply chain.

𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝: 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's furniture industry is making strides in the European market, supported by its reputation for craftsmanship and premium quality. The market is expected to grow at a CAGR of 4.8%, fueled by increased exports of teak and bamboo furniture. Companies such as Index Living Mall are exploring partnerships with European distributors to expand their reach. Consolidation activities include collaborations to boost production efficiency and align with European sustainability standards.

𝐉𝐚𝐩𝐚𝐧: 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan's minimalist design philosophy is influencing European furniture trends, with rising demand for functional and space-saving furniture. Companies like Muji and Nitori are expanding their product offerings in Europe to cater to urban dwellers. Recent developments include the introduction of smart furniture solutions that integrate IoT features for enhanced functionality, resonating with Europe's modern lifestyle preferences.

𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚: 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea's furniture market is witnessing growth in exports to Europe, driven by innovative designs and high-quality materials. Companies like Hanssem Corporation are partnering with European retailers to introduce contemporary furniture collections. Recent mergers, such as Hyundai Livart's acquisition of smaller design firms, have bolstered South Korea's position as a significant player in the global furniture market.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞: 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore's furniture industry is making inroads into the European market, leveraging its focus on innovation and sustainability. Companies like Scanteak are introducing modular furniture tailored for European homes. Updation efforts include the adoption of advanced manufacturing technologies and eco-friendly materials to meet stringent European regulations. Collaborative initiatives with European designers are driving innovation in product offerings.

𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒

The United States remains a key export destination for European furniture, with demand for premium and custom-made designs on the rise. Companies such as Ashley Furniture and Herman Miller are importing high-end furniture from Europe to cater to luxury market segments. Recent acquisitions, including Herman Miller's merger with Knoll, highlight the growing collaboration between US and European furniture brands.

𝐄𝐮𝐫𝐨𝐩𝐞: 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe's furniture market remains the largest globally, driven by its deep-rooted design heritage and focus on sustainability. Countries like Italy, Germany, and Sweden are at the forefront, with companies like IKEA, Roche Bobois, and Vitra leading the market. Recent trends include partnerships with renewable energy providers to enhance the sustainability of furniture production processes. The growing emphasis on circular economy principles is shaping Europe's furniture industry.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.stellarmr.com/report/req_sample/Europe-Furniture-Market/511

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐄𝐮𝐫𝐨𝐩𝐞 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

By Material

Wood
Metal
Plastic
Others

By Category

Indoor
Outdoor

By End User

Residential
Office
Hotel
Others

By Country

Germany
France
United Kingdom
Italy
Rest of Europe

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐯𝐢𝐬𝐢𝐭:https://www.stellarmr.com/report/Europe-Furniture-Market/511

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐄𝐮𝐫𝐨𝐩𝐞 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

Roche Bobois
BoConcept
B&B Italia
Poltrona Frau
Fritz Hansen
Natuzzi
Calligaris
Molteni
Colombini
IKEA
Senator International
Boss Design Group
Steelcase
Majencia

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

♦ Asia-Pacific Bio Butanol Market https://www.stellarmr.com/report/Asia-Pacific-Bio-Butanol-Market/1212
♦ Asia Pacific Ice Cream Market https://www.stellarmr.com/report/Asia-Pacific-Ice-Cream-Market/1213
♦ Asia Pacific Motorized Quadricycle Market https://www.stellarmr.com/report/Asia-Pacific-Motorized-Quadricycle-Market/1214
♦ Asia Pacific Neoprene Market https://www.stellarmr.com/report/Asia-Pacific-Neoprene-Market/1215
♦ Asia Pacific Phosphonate Market https://www.stellarmr.com/report/Asia-Pacific-Phosphonate-Market/1217
♦ North America Hygroscopic Building Material Market https://www.stellarmr.com/report/North-America-Hygroscopic-Building-Material-Market/1218
♦ Asia Pacific Spa Service Market https://stellarmr.com/report/Asia-Pacific-Spa-Service-Market/1223
♦ Europe Ice Cream Market https://stellarmr.com/report/Europe-Ice-Cream-Market/1224

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com

𝐀𝐛𝐨𝐮𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.