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 France has been experiencing steady growth in recent years, driven by changing customer preferences, market trends, and local special circumstances.
Customer preferences: in the Furniture market have shifted towards more modern and minimalist designs, as consumers seek furniture that is both functional and aesthetically pleasing. This trend is in line with global market preferences, as customers worldwide are increasingly opting for sleek and contemporary furniture styles. 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. Trends in the French Furniture market reflect the overall global market trends. One significant trend is the rise of e-commerce in the furniture industry. Online furniture retailers have gained popularity due to their convenience, competitive pricing, and wide product selection. This trend has been further accelerated by the covid-19 pandemic, as consumers turned to online shopping during lockdowns and social distancing measures. Another trend is the increasing popularity of multi-functional furniture, which caters to the growing demand for space-saving solutions in smaller living spaces. This trend is driven by urbanization and the rising cost of housing in major cities.
Local special circumstances: in France also contribute to the development of the Furniture market. France has a rich cultural heritage and a long tradition of craftsmanship, which has led to the production of high-quality and artisanal furniture. This reputation for excellence has positioned French furniture manufacturers as leaders in the luxury furniture segment. Additionally, the French government has implemented policies to promote the use of sustainable materials and support local craftsmanship, further driving the growth of the furniture industry. Underlying macroeconomic factors have also played a role in the development of the Furniture market in France. The country has a stable economy and a high standard of living, which allows consumers to invest in furniture and home decor. Furthermore, low interest rates and favorable financing options have made it easier for consumers to purchase furniture, stimulating demand in the market. In conclusion, the Furniture market in France is experiencing growth due to changing customer preferences, market trends, local special circumstances, and
Underlying macroeconomic factors:. The shift towards modern and minimalist designs, the rise of e-commerce, the demand for multi-functional furniture, the reputation for craftsmanship, and government support for sustainable materials are all contributing to the development of the market. With a stable economy and favorable financing options, the future looks promising for the Furniture market in France.
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