Latest News- Furniture Market in Europe: Living room furniture is expected to lead the Type segment during 2025-2029
The Furniture Market in Europe is being driven by Growth of real estate and construction industry
The Furniture Market in Europe is expected to grow at a CAGR of 3.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 41.1 billion. In the European furniture market, there is a growing trend towards eco-friendly and sustainable manufacturing practices in response to environmental concerns. Many vendors are embracing green technology to produce luxury furniture using biodegradable, sustainable, and renewable raw materials, such as North American Hardwood and bamboo. Though eco-friendly furniture carries a premium price point, the demand for such products continues to rise. By utilizing these materials, vendors are able to reduce their carbon footprint and contribute to the preservation of natural resources. This shift towards eco-friendly manufacturing is not only beneficial for the environment but also positions vendors as leaders in the industry.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Type (Living room furniture, Bedroom furniture, Kitchen and dining, Lamps and lighting, Others) Distribution Channel (Offline, Online) Geography (Europe).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Furniture Market in Europe Research Report
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The European furniture market encompasses various trends and categories, including smart furniture, home decor, and furniture restoration. Mid-century modern, Scandinavian, and industrial furniture remain popular, while vintage and affordable options continue to gain traction. Online platforms dominate furniture shopping, offering a wide range from premium to secondhand. Sustainable, non-toxic, and versatile furniture are in demand, with minimalist and multi-functional designs also favored. Furniture regulations ensure safety and quality, while care, assembly, and repair services cater to different needs. Furniture design software and subscription models offer convenience, and hospital and commercial furniture cater to specific markets. Bedroom, residential development, and space-saving furniture solutions are essential, with a focus on affordable and portable options for seniors, children, and those with limited space. Furniture upcycling and furniture demand remain strong, with a growing interest in contemporary and minimalist styles.
The European furniture market encompasses businesses involved in the production and distribution of furniture, home furnishings, floor coverings, and decorative items. According to Technavio, the European home furnishings market size is determined by the consolidated revenue generated by manufacturers and marketers of consumer electronics, home appliances, homeware, and other related products. Factors driving growth in the European home furnishings sector include the surge in residential and commercial construction projects, with a particular focus on infrastructure development and the construction of new housing units and community centers. Moreover, the millennial demographic's preference for essential furniture items, the rise of online platforms for furniture shopping, and the increasing demand for non-toxic and eco-friendly furniture options are additional growth catalysts. Renovation projects in key European countries, such as Germany, France, and the UK, further contribute to the market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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