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:
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.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
The Furniture market in Czechia is experiencing significant growth and development in recent years. Customer preferences have shifted towards modern and minimalist designs, with a focus on functionality and practicality. This trend is in line with global preferences, as customers seek furniture that can fit into smaller living spaces and provide multi-purpose functionality. Additionally, there is a growing demand for eco-friendly and sustainable furniture options, as consumers become more conscious of the environmental impact of their purchases. In terms of trends in the market, online retail has emerged as a popular channel for purchasing furniture in Czechia. The convenience and wide selection offered by online stores have attracted a large number of customers, especially younger generations who are comfortable with e-commerce. This trend is also driven by the covid-19 pandemic, which has led to an increase in online shopping across various industries. As a result, many furniture retailers have invested in their online presence and expanded their e-commerce capabilities to cater to this growing demand. Another trend in the Czech furniture market is the rise of customization options. Customers are increasingly looking for furniture that reflects their personal style and preferences. This has led to an increase in the availability of customizable furniture, where customers can choose from a range of materials, colors, and finishes to create a unique piece. This trend is driven by the desire for individuality and personalization, as customers seek to create a space that is tailored to their specific needs and tastes. Local special circumstances in Czechia also contribute to the development of the furniture market. The country has a rich tradition of craftsmanship and woodworking, which has resulted in a high level of skill and expertise in the industry. Czech furniture is known for its quality and durability, which has helped establish a positive reputation both domestically and internationally. This reputation, combined with competitive pricing, has made Czechia a popular destination for furniture manufacturing and exports. Underlying macroeconomic factors also play a role in the growth of the furniture market in Czechia. The country has experienced steady economic growth in recent years, with rising disposable incomes and a growing middle class. This has led to increased consumer spending on home furnishings and an overall higher demand for furniture. Additionally, low interest rates and favorable financing options have made it easier for consumers to make large purchases, further stimulating the furniture market. In conclusion, the furniture market in Czechia is developing in response to changing
Customer preferences: with a focus on modern and functional designs. Online retail and customization options are key
Trends in the market: driven by convenience and the desire for personalization. The country's tradition of craftsmanship and woodworking, along with favorable macroeconomic factors, contribute to the growth of the furniture market.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights