Italy Furniture Market Size

Italy Furniture Market Analysis

The Italy Furniture Market is expected to register a CAGR of greater than 4% during the forecast period(2024-2029).

The Italian furniture industry plays an important part in the Italian economy. Italy is one of the leading exporters of furniture in the world and the fourth-largest furniture manufacturer in the world. Among the key factors influencing the popularity of Italian furniture is the fact that the Italian furniture industry is at the forefront in terms of designing production and product aesthetics, and Italian architecture has a strong role to play as a global trendsetter. 

The COVID-19 pandemic has had an impact on every aspect of human life, including the economy. From hospitality to retail to automotive to aviation, industries are being hit hard by forced closures and decreased consumption. The Italian furniture market has not been left behind. In addition to the market and logistical challenges posed by the COVID-19 pandemic, EU furniture manufacturers suffered in higher-end export markets in Asia, the CIS, and the Middle East as a result of a variety of factors, such as Chinese product diversion away from the US to other markets, a sharp drop in global equity markets near the end of 2020, extreme weakness of the Russian rouble, and low oil prices. However, as time went by, the pandemic started to renormalize, turning into a new normal, and the Italian furniture market slowly grew again.

Italian furniture traditionally occupies a special place in the overall history of furniture, with Italy being the birthplace of the classical Renaissance and Italian Renaissance furniture. The production of furniture products in Italy is increasing steadily, along with the living room and dining room furniture markets. Some of the major export countries for Italian furniture include France, Germany, the United States, and Canada.