Market Size of Germany Furniture Industry
| 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.
