Latest News- Contract Furniture And Furnishing Market in Europe: Hospitality and food services is expected to lead the End-user segment during 2025-2029
The Contract Furniture And Furnishing Market in Europe is being driven by Growing popularity of contract furniture among end-users
The Contract Furniture And Furnishing Market in Europe is expected to grow at a CAGR of 5.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 5025.1 million. The European contract furniture and furnishing market is experiencing significant growth, which has substantial implications for the environment, particularly with regard to deforestation. As major consumers of raw materials such as hardwood, softwood, lumber, and timber, the industry's expansion contributes to the depletion of forested areas worldwide. This trend is a significant concern for the environment, contributing to global warming and other ecological issues. To mitigate these impacts, the adoption of sustainable practices within the contract furniture and furnishing sector in Europe is crucial. For instance, the use of eco-friendly materials in the production of sustainable furniture can help reduce the industry's environmental footprint.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on End-user (Hospitality and food services, Offices and home offices, Retail stores, Institutions, Others) Type (Turnkey contract, Soft contract) 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 Contract Furniture And Furnishing Market in Europe Research Report
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The European Contract Furniture and Furnishing Market encompasses the consumption of furniture in various sectors, including wood, plastic, and metal office desks, worktops, cabinets, ergonomic swivel chairs, and ergonomic equipment. Domestic businesses and hospitality sectors are significant furniture zones. Leading players like Steelcase dominate the market, trading in turn-key solutions, ergonomic furniture, and distributed products. Potential demand is driven by the purchasing process, average customer budgets, and market forecasts for desks and tables, chairs and stools, and storage cabinets. Digitalization and smart furniture trends, such as intelligent desks and chairs, staff productivity, and the hospitality sector's evolution, influence market shares and product categories.
The European contract furniture and furnishing market is a significant segment of the global home furnishings industry, encompassing the manufacturing and marketing of furniture, wood, plastic, metal, office desks, worktops, cabinets, ergonomic swivel chairs, and other related products for both domestic and commercial applications. According to Technavio's market analysis, the European home furnishings market size is determined by the consolidated revenue generated by businesses specializing in consumer electronics, furnishings, decorative items, household appliances, and other homeware products. Factors driving the growth of this market include the surge in residential and commercial construction projects, infrastructure development, and the increasing number of renovation initiatives in key European countries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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