Market Size of Europe Furniture Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.60 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Furniture Market Analysis
European high-end furniture is one of the largest and growing segments in the furniture industry, which was hit hard by the COVID-19 pandemic. The market experienced a constant year-on-year growth rate during the review period (2017-2020), which saw a sudden drop during 2020 due to the COVID-19 outbreak.
Europe plays a key role in the global furniture industry not only in terms of production but also in terms of market and international trade values. Europe remains the world's second-largest furniture manufacturing region and is the headquarters of some of the biggest and most important global players. Germany, Italy, and Poland are the main exporting countries at a global level. Europe has a long history of furniture manufacturing. The industry can combine new technologies and innovation with cultural heritage, tradition, and style, providing jobs for skilled workers and is also a world leader in the high-end furniture market segment. An increase in rising consumption is one of the key factors propelling the growth of the Europe furniture market. The Europe furniture market's growth in the future will be driven by growing demand for eco-friendly furniture, modern & luxury furniture, hotels & restaurants, raw materials from suppliers, reduction of high-cost transportation to manufacturers.
