Furniture - Central & Western Europe

Central & Western Europe

In Central & Western Europe, the Furniture market generated a revenue of US$149.70bn in 2024.
It is projected to experience an annual growth rate of 2.36% (CAGR 2024-2029).
Among the various segments within this market, the largest one is the Living Room Furniture segment, which accounted for a market volume of US$39.56bn in 2024.
When compared to other regions globally, United States stands out as the top revenue generator with US$263bn in 2024.
In terms of per capita revenue, in Central & Western Europe reported US$446.20 per person in 2024.
The furniture market in Germany is experiencing a surge in demand for sustainable and eco-friendly designs.

Key regions: Worldwide, United States, China, India, Germany

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

Region

Region comparison

Currency

Analyst Opinion

The Furniture market in Central & Western Europe is experiencing significant growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in the Furniture market in Central & Western Europe have shifted towards more modern and contemporary designs. Customers are increasingly looking for furniture that is not only functional but also aesthetically pleasing and in line with the latest interior design trends. This has led to a rise in demand for minimalist furniture with clean lines and neutral colors. Additionally, customers are placing greater importance on sustainability and eco-friendly materials, driving the demand for furniture made from recycled or renewable materials. Trends in the market include the rise of online furniture shopping. With the increasing penetration of internet and smartphones, customers are now able to browse and purchase furniture from the comfort of their homes. This has led to the emergence of online furniture retailers and marketplaces, offering a wide range of products at competitive prices. Another trend is the growing popularity of multifunctional furniture, especially in smaller living spaces. Customers are looking for furniture that can serve multiple purposes, such as storage beds or extendable dining tables.

Local special circumstances: in Central & Western Europe also contribute to the development of the Furniture market. The region is known for its rich history and cultural heritage, which has influenced the design and craftsmanship of furniture. Customers in Central & Western Europe appreciate high-quality and durable furniture that reflects their unique cultural identity. Additionally, the region is home to several renowned furniture manufacturers and designers, attracting customers from around the world.

Underlying macroeconomic factors: such as a growing economy and increasing disposable income have also contributed to the growth of the Furniture market in Central & Western Europe. As the economy improves, customers have more purchasing power and are willing to invest in high-quality furniture. Moreover, favorable government policies and incentives have encouraged the growth of the furniture industry, supporting local manufacturers and promoting exports. In conclusion, the Furniture market in Central & Western Europe is developing due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Customers are increasingly looking for modern and sustainable furniture, while online shopping and multifunctional designs are gaining popularity. The region's rich history and cultural heritage, along with a growing economy and favorable government policies, further contribute to the growth of the market.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.