Living Room Furniture - Netherlands

Netherlands

In the Netherlands, the revenue in the Living Room Furniture market is projected to reach US$2.38bn in 2024.
It is anticipated that the market will experience an annual growth rate of 1.94% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, amounting to US$73,080m in 2024.
In terms of per person revenues, in the Netherlands generates US$134.80 per individual in 2024.
The Netherlands has seen a rise in popularity for minimalist and sustainable living room furniture designs.

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

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Analyst Opinion

The Living Room Furniture market in Netherlands is experiencing steady growth due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the Netherlands are shifting towards more modern and minimalist designs, reflecting the country's overall contemporary aesthetic. This has led to an increased demand for sleek and functional living room furniture. Trends in the market indicate a growing interest in sustainable and eco-friendly furniture options. Dutch consumers are becoming more conscious of the environmental impact of their purchases and are actively seeking out furniture made from recycled materials or produced using sustainable manufacturing processes. This trend aligns with the global movement towards sustainability and is driving the development of innovative and eco-friendly living room furniture in the Netherlands. Another emerging trend in the Living Room Furniture market in Netherlands is the rise of online shopping. Dutch consumers are increasingly comfortable with making large purchases online and are turning to e-commerce platforms to browse and purchase furniture. This shift towards online shopping is driven by convenience, competitive pricing, and a wide range of options available. As a result, online retailers and furniture brands are investing in user-friendly websites and digital marketing strategies to cater to this growing customer segment.

Local special circumstances: also play a role in shaping the Living Room Furniture market in Netherlands. The country has a high population density and limited living space, especially in urban areas. This has led to a demand for space-saving furniture solutions such as modular sofas, multifunctional coffee tables, and wall-mounted storage units. Dutch consumers are looking for furniture that maximizes their living space without compromising on style and comfort. Underlying macroeconomic factors also contribute to the development of the Living Room Furniture market in Netherlands. The country has a strong economy and a high standard of living, which allows consumers to invest in quality furniture for their homes. Additionally, favorable interest rates and government incentives for home renovations and interior design have further stimulated the demand for living room furniture. In conclusion, the Living Room Furniture market in Netherlands is driven by changing customer preferences towards modern and sustainable designs, the rise of online shopping, local special circumstances such as limited living space, and favorable macroeconomic factors. These factors contribute to the steady growth and development of the market in the country.

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.