Furniture - Benelux

Benelux

Highlights

In 2024, the revenue in the Furniture market in the Benelux region amounts to US$17.59bn.
This market segment is projected to grow annually by 2.34% (CAGR 2024-2029).
The largest segment within the Furniture market is the Living Room Furniture segment, which has a market volume of US$4.20bn in 2024.
In comparison to other countries, United States generates the highest revenue in the Furniture market, with US$264bn in 2024.
When considering the population figures, the per person revenue in the Benelux region is US$585.50 in 2024.
The furniture market in Benelux is experiencing a surge in demand for sustainable and eco-friendly products.

Key regions:

Definition:

The Furniture market covers different movable objects designed to support various human activities such as sitting, sleeping, and storing items. These objects can include chairs, tables, beds, couches, and cabinets, among others. The design and layout of furniture can have a significant impact on the comfort and functionality of a space, making it an important aspect of interior design and home decor.

Structure:

The Furniture market is divided into seven segments:

The Living Room Furniture segment focuses on furnishings such as sofas, side tables, and media cabinets typically found in the living room. This segment is divided into the following subsegments: Seats & Sofas and Cabinets, TV Stands & Side Tables.
The Bedroom Furniture segment covers furnishings and other accessories used for sleeping and the storage of clothing and other personal items. This segment is divided into the following subsegments: Beds, Mattresses, Closets, Nightstands, & Dressers, and Bedding.
The Kitchen & Dining Furniture segment covers a diverse range of products that are used to meet people’s eating, food storage and preparation needs. This segment is divided into the following subsegments: Kitchenware and Dining Tables, Kitchen Islands & Pantries.
The Outdoor Furniture segment covers products specifically designed to withstand exposure to the elements, such as rain, sun, and wind, and is often made from materials that are weather-resistant.
The Home Office Furniture segment focuses on products that ensure a good working environment at home compared to that of a traditional office. This segment is divided into the following subsegments: Desks & Chairs and Bookcases & Filing Cabinets.
The Lamps & Lighting segment covers various devices and fixtures that provide illumination in a space. This segment is divided into the following subsegments: Table & Floor Lamps, Ceiling Lights & Chandeliers, and Light Bulbs & Fittings.
The Home Décor segment covers a variety of accessories and furnishings designed to make a space more aesthetically appealing. This segment is divided into the following subsegments: Decorations, Carpets & Rugs, Candles, and Curtains & Blinds.

Additional Information:

The Furniture market consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This market includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Furniture market in Benelux has experienced steady growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the region have shifted towards more modern and minimalist furniture designs, with a focus on functionality and sustainability. This has led to an increased demand for furniture made from eco-friendly materials and with smart features. Trends in the market indicate a growing interest in online furniture shopping, as consumers in Benelux increasingly value convenience and a wider range of options. e-commerce platforms have capitalized on this trend by offering virtual showrooms and personalized recommendations, making the online shopping experience more engaging and tailored to individual needs. Additionally, the rise of social media influencers and interior design blogs has influenced consumer choices and created a demand for trendy furniture pieces.

Local special circumstances: such as the high population density in urban areas, have also contributed to the growth of the furniture market in Benelux. With limited living space, there is a need for compact and multifunctional furniture that maximizes the use of available space. This has led to an increased demand for modular furniture, folding tables, and storage solutions. Underlying macroeconomic factors have played a significant role in the development of the furniture market in Benelux. The region's stable economic growth and high disposable income levels have increased consumer spending power, allowing individuals to invest in quality furniture. Furthermore, the growing focus on sustainability and environmentally friendly practices has prompted government initiatives and regulations that promote the use of eco-friendly materials in furniture production. In conclusion, the Furniture market in Benelux has experienced growth due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The shift towards modern and minimalist designs, the rise of online shopping, the demand for compact furniture in urban areas, and the focus on sustainability have all contributed to the development of the market. With continued economic stability and consumer demand, the furniture market in Benelux is expected to continue its growth trajectory in the coming years.

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.