Furniture

Furniture - Italy

Italy

Highlights

In 2024, the Furniture market in Italy is projected to generate a revenue of US$16.30bn.
It is anticipated that the market will experience an annual growth rate of 0.85% (CAGR 2024-2029).
The largest segment within the Furniture market is the Living Room Furniture segment, which is expected to have a market volume of US$3.42bn in 2024.
When compared globally, United States generates the highest revenue in the Furniture market, amounting to US$264bn in 2024.
When considering the population of Italy, the per person revenue in the Furniture market is estimated to be US$277.60 in 2024.
Italy's furniture market is renowned for its exquisite craftsmanship and timeless designs, attracting customers seeking quality and elegance.

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 Italy has been experiencing significant growth in recent years, driven by various factors including changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in the Furniture market in Italy have been evolving, with a growing demand for stylish and modern furniture. Italian consumers are increasingly looking for furniture that not only serves a functional purpose but also adds aesthetic value to their homes. This trend is reflected in the rising popularity of contemporary furniture designs, which combine sleek lines, minimalist aesthetics, and innovative materials. Additionally, there is a growing emphasis on sustainability and eco-friendly furniture options, with consumers seeking products made from recycled materials or produced using environmentally friendly manufacturing processes. Trends in the Furniture market in Italy include the rise of e-commerce and online furniture retailers. The convenience and accessibility of online shopping have made it a preferred choice for many consumers, allowing them to browse and purchase furniture from the comfort of their homes. Online retailers also offer a wider range of products, competitive pricing, and convenient delivery options, further driving the growth of this channel. Another trend is the increasing popularity of multifunctional furniture, which caters to the needs of smaller living spaces and urban dwellers. Furniture that can serve multiple purposes, such as storage beds or extendable dining tables, is in high demand.

Local special circumstances: in Italy, such as the country's rich history and cultural heritage in furniture craftsmanship, contribute to the growth of the market. Italian furniture has long been renowned for its quality, craftsmanship, and timeless design. This reputation attracts both domestic and international consumers, who appreciate the artisanal techniques and attention to detail that Italian furniture offers. Additionally, italy's strong tradition of family-owned furniture businesses and small-scale manufacturers contributes to the diversity and uniqueness of the market.

Underlying macroeconomic factors: also play a role in the development of the Furniture market in Italy. Economic stability and disposable income levels influence consumer spending on furniture. As the economy improves and consumer confidence grows, people are more willing to invest in furniture purchases. Additionally, favorable interest rates and government incentives for home renovations or purchases can stimulate demand in the market. Conversely, economic downturns or uncertainty can lead to a decrease in consumer spending on furniture. In conclusion, the Furniture market in Italy is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The demand for stylish and modern furniture, the rise of e-commerce, the popularity of multifunctional furniture, italy's rich furniture heritage, and economic stability all contribute to the positive development of the 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.