Market Insights Consumer Furniture Living Room Furniture

Seats & Sofas - Benelux

Benelux

In Benelux, the country that encompasses Belgium, Netherlands, and Luxembourg, the revenue in the Seats & Sofas market reached a substantial amount of US$2.68bn in the year 2024.
Projections indicate that this market is anticipated to experience an annual growth rate of 1.31%, as per the Compound Annual Growth Rate (CAGR) between 2024 and 2029.
When comparing this revenue on a global scale, it is noteworthy that in the United States takes the lead, generating a remarkable revenue of US$46,120m in 2024.
However, it is important to consider the population figures to gain a more accurate perspective.
In Benelux, the per person revenue in the Seats & Sofas market amounts to US$89.06 in 2024.
This indicates the level of market activity and consumption within the region.
In the Benelux market, the trend for Seats & Sofas is shifting towards more minimalist and modular designs, reflecting the region's preference for clean and functional aesthetics.

Key regions: Canada, Brazil, United States, Worldwide, France

Market

Region

Region comparison

Currency

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.