Market Size of Europe Upholstered Furniture Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Upholstered Furniture Market Analysis
Upholstered furniture is one of the fastest-growing segments among the European furniture industry, and the market is projected to register a CAGR of more than 5% during the forecast period 2021-2026.
The outbreak of the coronavirus disease (COVID-19) acted as a massive restraint on the upholstered furniture manufacturing market in the European region in 2020. It has disrupted supply chains, caused a shortage of materials, and terminated contracts to control expenses. The lack of labor is also hampering the overall upholstered furniture market growth in the European region. This may slow down the industry growth during the forecast timeframe. Sales dropped due to consumers had little opportunity to explore the products.
Upholstered furniture offers a lot of cushions with foam, and it is always enclosed in fabric or leather. It also has a steel or wooden frame on the top of which springs are attached before cushions being arranged. Upholstered furniture is the product where fabric is in close contact with padding materials such as seats and other internal surfaces. Because of the fine finishing, the furniture has the perfect color combination, design, and patterns. An increase in consumers' purchasing power has led to the development of this market in leaps and bounds. Improvements in the standard of living of people and changing lifestyles are also driving the demand for such furniture in the market. An increase in building construction also supports the industry, as new homes are built and have new furniture requirements. The popularity of modern and contemporary furniture is expected to favor the market over traditional 3-piece suites. Other trends include modular and flexible furniture that allows consumers to have open living areas and spaces. There are numerous innovations and developments in the fabric industry that drive the selection of upholstered fabric among consumers in the European region. In terms of color, neutral and plain color fabrics stand at the core and are expected to remain popular in the medium term in many parts of Europe. Grey, beige, and cream shade fabrics are preferred by consumers in the upholstered furniture market.
