Living Room Furniture - Spain | Statista Market Forecast

In Spain, the revenue in the Living Room Furniture market in 2024 amounts to US$2.53bn.
It is projected that the market will experience an annual growth rate of 1.45% (CAGR 2024-2029).
In comparison to other countries, United States generates the highest revenue in this segment, with US$73bn in 2024.
When considering the total population, the per person revenue in Spain for 2024 is US$53.28.
The demand for traditional Spanish-style living room furniture is on the rise in Spain, reflecting a cultural preference for classic design elements and craftsmanship.

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 Spain has experienced significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: Spanish consumers have shown a growing preference for modern and minimalist living room furniture designs. This trend can be attributed to the increasing influence of global design trends, as well as the desire for a clean and uncluttered living space. Additionally, there is a growing demand for multifunctional furniture that can maximize the use of limited living space, such as sofa beds and storage ottomans.

Trends in the market: One of the key trends in the Spanish Living Room Furniture market is the rise of online retail. With the increasing penetration of internet and smartphones, consumers are increasingly turning to online platforms to purchase furniture. This trend is driven by the convenience of online shopping, as well as the availability of a wide range of products and competitive prices. As a result, traditional brick-and-mortar retailers are facing challenges in attracting customers and are adapting their strategies to include online sales channels. Another trend in the market is the growing demand for sustainable and eco-friendly furniture. Spanish consumers are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from renewable materials and produced using sustainable manufacturing processes. This trend is driven by a combination of factors, including increased awareness of environmental issues, government regulations promoting sustainability, and the influence of global sustainability movements.

Local special circumstances: Spain has a unique cultural heritage and a rich history of craftsmanship in furniture making. This has led to a strong demand for traditional and handcrafted furniture, especially in rural areas and among older generations. Traditional Spanish furniture is often characterized by intricate woodwork, ornate designs, and rich colors. While modern and minimalist designs are gaining popularity, traditional furniture continues to hold a significant market share, particularly in certain regions.

Underlying macroeconomic factors: The growth of the Living Room Furniture market in Spain can be attributed to several underlying macroeconomic factors. Firstly, the steady recovery of the Spanish economy following the global financial crisis has resulted in increased consumer confidence and spending power. As a result, consumers are more willing to invest in furniture and home decor items. Furthermore, the growing urbanization trend in Spain has led to an increase in the number of apartments and smaller living spaces. This has created a demand for compact and multifunctional furniture that can maximize the use of limited space. Additionally, the rise of the sharing economy, with platforms like Airbnb, has created a demand for furniture that is versatile and can cater to the needs of different users. In conclusion, the Living Room Furniture market in Spain is experiencing growth due to changing customer preferences, emerging trends such as online retail and sustainability, local special circumstances like the demand for traditional furniture, and underlying macroeconomic factors such as the recovery of the economy and urbanization. As these factors continue to shape the market, it is expected that the Living Room Furniture market in Spain will continue to evolve and adapt to meet the changing needs and preferences of consumers.

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.