Living Room Furniture - Eastern Europe

In Eastern Europe, the Living Room Furniture market recorded a revenue of US$7.60bn in 2024.
The market is projected to experience an annual growth rate of 1.59% (CAGR 2024-2029).
When compared globally, United States leads in revenue generation with US$73bn in 2024.
Considering the total population, the per person revenue in Eastern Europe amounts to US$31.96 in 2024.
In Eastern Europe, the living room furniture market is experiencing a shift towards more minimalist and contemporary designs.

Definition:

This Living Room Furniture segment refers to movable objects that are designed to be used in a living room, which is typically a central and multi-functional space in a home. It includes items that are intended to make the room more comfortable and functional, such as seating, tables, and storage unts (e.g., TV stands, console tables, etc.)

Structure:

The Living Room Furniture segment is divided into two subsegments:

The Seats & Sofas subsegment refers to furniture designed for sitting, lounging, or reclining, and typically includes items such as sofas, armchairs, recliners, and ottomans.
The Cabinets, TV Stands, & Side Tables subsegment refers to furniture items that are designed to store or hold various objects such as media equipment, drinks, books, or lamps.

Additional Information:

The Living Room Furniture segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment 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.

Sofas and armchairs, dining chairs
Bar tables and chairs, stools, and benches
Coffee, console, and side tables
TV and media furniture

Consumer electronics
Household appliances
Lamps and lighting
Floor covering

The Living Room Furniture market in Eastern Europe has been experiencing significant growth in recent years. Customer preferences in the region have been shifting towards modern and contemporary styles of living room furniture. This trend can be attributed to the growing influence of Western culture and the increasing disposable income of consumers in Eastern Europe. Customers are now seeking sleek and minimalist designs that offer both functionality and aesthetic appeal. Additionally, there is a rising demand for multifunctional furniture pieces that can save space in smaller living areas. One of the key trends in the market is the increasing popularity of online shopping for living room furniture. With the advancement of technology and the widespread availability of internet access, consumers in Eastern Europe are now more comfortable making purchases online. Online retailers offer a wide range of options, competitive prices, and convenient delivery services, which have contributed to the growth of e-commerce in the region. This trend is expected to continue as more consumers embrace the convenience and accessibility of online shopping. Another trend in the market is the growing focus on sustainability and eco-friendly materials. Consumers in Eastern Europe are becoming more conscious of the environmental impact of their purchasing decisions and are seeking furniture made from sustainable materials such as bamboo, recycled wood, and organic fabrics. This trend is driven by a combination of factors, including increased awareness of climate change and a desire to support ethical and responsible manufacturing practices. Local special circumstances, such as the availability of raw materials and the presence of local manufacturers, can also influence the Living Room Furniture market in Eastern Europe. For example, countries with a strong tradition of furniture manufacturing, such as Poland and Romania, have a competitive advantage in terms of production capabilities and expertise. This has led to the growth of local brands and the development of a strong domestic market. Underlying macroeconomic factors, such as gdp growth, disposable income levels, and housing market dynamics, also play a significant role in shaping the Living Room Furniture market in Eastern Europe. As the region continues to experience economic growth and rising incomes, consumers have more purchasing power and are willing to invest in higher quality and more expensive furniture. Additionally, changes in the housing market, such as increasing urbanization and the development of new residential projects, create opportunities for furniture retailers to cater to the growing demand for living room furniture. In conclusion, the Living Room Furniture market in Eastern Europe is developing in response to changing

Customer preferences: increasing online shopping, a focus on sustainability,

Local special circumstances: and

Underlying macroeconomic factors:. As the region continues to evolve, furniture retailers and manufacturers need to adapt to these trends and cater to the evolving needs and preferences of consumers in order to remain competitive in 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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

From homeware to office furniture, even expanding over to pet care, the furniture industry is all-encompassing and ever-growing. Be it homes, schools, offices, or even outdoors, furniture is what gives a room its function and purpose.