Germany Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 57.09 Billion |
| Market Size (2029) | USD 67.58 Billion |
| CAGR (2024 - 2029) | 3.43 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Furniture Market Analysis
The Germany Furniture Market size is estimated at USD 57.09 billion in 2024, and is expected to reach USD 67.58 billion by 2029, growing at a CAGR of 3.43% during the forecast period (2024-2029).
Germany is one of the leading furniture exporters in the European Union and this makes it one of the most lucrative markets for the furniture industry. Some of the major export markets of German furniture include France. The sources of imports include Poland, China, the Czech Republic, Hungary, and Italy.
Furniture made of natural materials combined with innovative design is one of the upcoming trends in the German furniture market. Foreign premium producers could find big margins in this specific market section. Generally, there is a significant trend towards natural material although these materials are getting more expensive. The fact that labor cost in Germany is comparatively high and furniture production is labor-intensive, the production requirement is carried out in countries such as China and Bosnia due to their cheap labor cost. Therefore, one out of ten pieces of furniture sold in Germany is imported from China.
Germany's kitchen furniture industry is witnessing high growth not only in terms of sales but also in terms of technology and new innovative product design launches. The trend for the home and bedroom furniture is more driven towards international sales and thus, growth is largely being driven by the export trade, i.e. only those firms with a strong focus on exports are benefitting from the positive trend.
Germany Furniture Market Trends
Increasing Construction and Renovation Activities
- The ongoing construction and renovation activities in Germany, driven by urbanization, population growth, and infrastructure development, create a demand for furniture.
- As new buildings are constructed and existing structures undergo remodeling, the market for furniture experiences growth in both the residential and commercial industries.
- Construction activity not only includes new construction but also encompasses renovation and remodeling projects. As existing buildings undergo renovations or interior makeovers, there is a need to update the furniture.
Growing Potential in the German Online Furniture Market
German retailers have started offering 3D product visualizations or augmented reality apps, which are boosting the demand for furniture products through eCommerce portals in the country. The sale of furniture products online is slowly gaining momentum in Germany, with retailers such as Ikea and Otto adopting various strategies, such as omnichannel strategies.
With omnichannel concepts that combine stationary showrooms with online distribution channels and technological innovations, as well as uncomplicated and consumer-friendly exchange processes for online purchases, retailers can overcome the existing resistance, and this will set a growth path for online sales of furniture products that offer large growth potential for the German furniture market.
Germany Furniture Industry Overview
The German furniture industry is highly competitive, with both local and international players. The market is fragmented, with players occupying the traditional space. With an increase in e-commerce, companies are moving towards selling their goods online. Some of the prominent companies include Dedon, Nolte, Thonet, IKEA, and Bau+Art.
Germany Furniture Market Leaders
Dedon
Nolte
Thonet
IKEA
bau+art
*Disclaimer: Major Players sorted in no particular order
Germany Furniture Market News
- May 2023: Brunner Group has recently introduced a new upholstered furniture range named "Oval." With this launch, Brunner is at the forefront of modern office trends, offering furniture that combines style and a sense of well-being.
- April 2023: Rolf Benz unveiled its latest furniture collection called "Jackout." This unique collection showcases the delicate cross-connection and stabilization of the powder-coated stainless steel frame struts of Rolf Benz.
Germany Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Construction and Renovation Activities
4.2.2 Growing Potential in the German Online Furniture Market
4.3 Market Restraints
4.3.1 High Competition Among Players in the Market
4.3.2 High Price of Supply Chain and Logistics
4.4 Market Opportunities
4.4.1 Manufacturing of Multifunctional Furniture is an Opportunity
4.4.2 E-commerce and Online Retail Offer an Opportunity for Growth
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porters' Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Recent Trends and Innovations in the Market.
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Material
5.1.1 Wood
5.1.2 Metal
5.1.3 Plastic & Other Furniture
5.2 By Application
5.2.1 Home Furniture
5.2.2 Office Furniture
5.2.3 Hospitality Furniture
5.2.4 Other Furniture
5.3 By Distribution Channel
5.3.1 Supermarkets & Hypermarkets
5.3.2 Specialty Stores
5.3.3 Online
5.3.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 IKEA
6.2.2 Otto
6.2.3 Thonet
6.2.4 Nolte
6.2.5 Dedon
6.2.6 bau+art
6.2.7 Zeitraum
6.2.8 Brunner
6.2.9 Rolf Benz
6.2.10 noah-living*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. DISCLAIMER AND ABOUT US
Germany Furniture Industry Segmentation
"Furniture refers to objects intended to support various human activities such as seating, eating, storing items, eating and/or working with an item, and sleeping.
The German furniture market is segmented by material, application, and distribution channel. By material, the market is sub-segmented into wood, metal, plastic & other furniture. By application, the market is sub-segmented into home furniture, office furniture, hospitality furniture, and other furniture, and distribution channels, the market is sub-segmented into supermarkets & hypermarkets, specialty stores, online, and other distribution channels.
The report offers market size and forecasts for the German furniture market in value (USD) for all the above segments.
| By Material | |
| Wood | |
| Metal | |
| Plastic & Other Furniture |
| By Application | |
| Home Furniture | |
| Office Furniture | |
| Hospitality Furniture | |
| Other Furniture |
| By Distribution Channel | |
| Supermarkets & Hypermarkets | |
| Specialty Stores | |
| Online | |
| Other Distribution Channels |
Germany Furniture Market Research FAQs
How big is the Germany Furniture Market?
The Germany Furniture Market size is expected to reach USD 57.09 billion in 2024 and grow at a CAGR of 3.43% to reach USD 67.58 billion by 2029.
What is the current Germany Furniture Market size?
In 2024, the Germany Furniture Market size is expected to reach USD 57.09 billion.
Who are the key players in Germany Furniture Market?
Dedon, Nolte, Thonet, IKEA and bau+art are the major companies operating in the Germany Furniture Market.
What years does this Germany Furniture Market cover, and what was the market size in 2023?
In 2023, the Germany Furniture Market size was estimated at USD 55.13 billion. The report covers the Germany Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Germany Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
German Furniture Industry Report
Statistics for the 2024 German Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. German Furniture analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
