Furniture - Slovenia

Slovenia

In 2024, the Furniture market in Slovenia is projected to generate revenue amounting to US$395.20m.
The market is anticipated to experience an annual growth rate of 2.33%, calculated as the compound annual growth rate (CAGR) from 2024 to 2029.
Among the different segments within the market, the largest one is the Home Décor segment, which is expected to have a market volume of US$97.87m in 2024.
When compared globally, in the United States generates the highest revenue in the Furniture market, reaching US$264bn in 2024.
Considering the population figures, the per person revenue in Slovenia for 2024 is estimated to be US$186.50.
Slovenia's furniture market is experiencing a growing demand for eco-friendly and sustainable designs, reflecting the country's commitment to environmental consciousness.

Key regions: Worldwide, United States, China, India, Germany

Definition:

The Furniture market covers different movable objects designed to support various human activities such as sitting, sleeping, and storing items. These objects can include chairs, tables, beds, couches, and cabinets, among others. The design and layout of furniture can have a significant impact on the comfort and functionality of a space, making it an important aspect of interior design and home decor.

Structure:

The Furniture market is divided into seven segments:

The Living Room Furniture segment focuses on furnishings such as sofas, side tables, and media cabinets typically found in the living room. This segment is divided into the following subsegments: Seats & Sofas and Cabinets, TV Stands & Side Tables.
The Bedroom Furniture segment covers furnishings and other accessories used for sleeping and the storage of clothing and other personal items. This segment is divided into the following subsegments: Beds, Mattresses, Closets, Nightstands, & Dressers, and Bedding.
The Kitchen & Dining Furniture segment covers a diverse range of products that are used to meet people’s eating, food storage and preparation needs. This segment is divided into the following subsegments: Kitchenware and Dining Tables, Kitchen Islands & Pantries.
The Outdoor Furniture segment covers products specifically designed to withstand exposure to the elements, such as rain, sun, and wind, and is often made from materials that are weather-resistant.
The Home Office Furniture segment focuses on products that ensure a good working environment at home compared to that of a traditional office. This segment is divided into the following subsegments: Desks & Chairs and Bookcases & Filing Cabinets.
The Lamps & Lighting segment covers various devices and fixtures that provide illumination in a space. This segment is divided into the following subsegments: Table & Floor Lamps, Ceiling Lights & Chandeliers, and Light Bulbs & Fittings.
The Home Décor segment covers a variety of accessories and furnishings designed to make a space more aesthetically appealing. This segment is divided into the following subsegments: Decorations, Carpets & Rugs, Candles, and Curtains & Blinds.

Additional Information:

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

Market

Region

Region comparison

Currency

Analyst Opinion

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

Customer preferences: in the Furniture market in Slovenia have shifted towards modern and minimalist designs, with a focus on functionality and space-saving solutions. Customers are increasingly looking for furniture that is both aesthetically pleasing and practical, reflecting the trend towards smaller living spaces and the need for multi-functional furniture. Additionally, there is a growing demand for sustainable and eco-friendly furniture, as customers become more conscious of the environmental impact of their purchases.

Trends in the market: also contribute to the development of the Furniture market in Slovenia. One of the key trends is the rise of online retail, which has provided customers with a convenient and accessible way to purchase furniture. Online platforms offer a wide range of products, competitive prices, and the ability to compare different options, making it an attractive option for customers. Another trend is the increasing popularity of customized furniture, as customers seek unique and personalized pieces that reflect their individual style and preferences. This trend is supported by technological advancements, such as 3D printing, which enable manufacturers to produce customized furniture at a reasonable cost.

Local special circumstances: also play a role in the development of the Furniture market in Slovenia. The country has a rich tradition of craftsmanship and woodworking, which has contributed to the production of high-quality furniture. Slovenian furniture manufacturers are known for their attention to detail, use of sustainable materials, and innovative designs. This has helped establish Slovenia as a reputable player in the global furniture market, attracting both domestic and international customers. Underlying macroeconomic factors have also influenced the development of the Furniture market in Slovenia. The country has experienced stable economic growth in recent years, which has increased disposable income and consumer confidence. As a result, customers are more willing to invest in furniture and home decor, driving demand in the market. Additionally, favorable government policies and incentives have encouraged the growth of the furniture industry, supporting domestic manufacturers and promoting exports. In conclusion, the Furniture market in Slovenia is developing in response to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The shift towards modern and minimalist designs, the rise of online retail, the demand for customized furniture, the tradition of craftsmanship, and the stable economic growth all contribute to the growth and 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.