Living Room Furniture - Croatia

Croatia

In 2024, Croatia's Living Room Furniture market generates a revenue of US$237.30m.
It is projected to experience an annual growth rate of 3.13% (CAGR 2024-2029).
When compared globally, in the United States leads the market with a revenue of US$73,080m in 2024.
Looking at the population figures, in Croatia generates per person revenues of US$59.53 in 2024.
The demand for locally made, handcrafted wooden living room furniture is on the rise in Croatia, reflecting a growing appreciation for traditional craftsmanship.

Key regions: China, Germany, Brazil, France, United States

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Analyst Opinion

The Living Room Furniture market in Croatia has experienced significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the Living Room Furniture market have shifted towards more modern and minimalist designs. Customers are increasingly seeking furniture that is both functional and aesthetically pleasing, with a focus on clean lines and neutral colors. This shift in preferences is in line with global trends, as consumers worldwide are gravitating towards contemporary and scandinavian-inspired designs. One of the key trends in the Living Room Furniture market in Croatia is the increasing demand for multifunctional furniture. With limited space in urban areas, customers are looking for furniture that can serve multiple purposes, such as sofa beds or storage ottomans. This trend is driven by the need for practicality and efficiency in small living spaces. Another trend that has emerged in the market is the growing popularity of eco-friendly and sustainable furniture. Customers are becoming more conscious of the environmental impact of their purchases and are actively seeking furniture made from sustainable materials such as bamboo or recycled wood. This trend is in line with the global movement towards sustainability and reflects the growing importance of ethical consumerism.

Local special circumstances: also play a role in shaping the Living Room Furniture market in Croatia. The country's tourism industry has been booming in recent years, attracting a large number of international visitors. This has led to an increased demand for high-quality furniture in hotels, resorts, and vacation rentals. Additionally, croatia's growing middle class has more disposable income to spend on home furnishings, further driving the demand for Living Room Furniture. Underlying macroeconomic factors also contribute to the development of the Living Room Furniture market in Croatia. The country's economy has been growing steadily, with rising gdp and increasing consumer spending. This economic growth has created a favorable environment for the furniture industry, as consumers have more purchasing power. Additionally, the low interest rates in Croatia have made it easier for consumers to finance their furniture purchases, further stimulating market growth. In conclusion, the Living Room Furniture market in Croatia is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The shift towards modern and minimalist designs, the demand for multifunctional and eco-friendly furniture, the influence of the tourism industry, and the country's economic growth all contribute to the positive development 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.