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's expansion significantly influences the global deforestation rate due to the high demand for raw materials like hardwood, softwood, lumber, and timber. This trend has raised serious environmental concerns, as forests are a crucial carbon sink and their depletion contributes to global warming. To mitigate this impact, the industry is embracing sustainable practices, such as utilizing eco-friendly materials for furniture production. By prioritizing sustainability, the contract furniture and furnishing sector in Europe can reduce its environmental footprint and contribute to forest preservation. 

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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
• Product
  • Chairs & Stools
  • Tables & Desks
  • Storage Furniture
  • Sofa & Couch
  • Others
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing popularity of contract furniture among end-users
• Growth of hospitality industry in Europe
• Rising importance of interior decoration

However, the market also witnesses some limitations, which are as follows:

• High cost of contract furniture and furnishing
• Increase preference for substitutes of contract furniture among end-users
• Complexity in supply chain in contract furniture and furnishing industry

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Market Scope in Contract Furniture And Furnishing Market in Europe Research Report

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Research Analysis Overview

The European Contract Furniture and Furnishing Market encompasses functional workspaces, retailers, and brands offering ergonomic office chairs, modular and flexible workspace solutions, sustainable office design, and smart technology. Warranty, installation, maintenance, and organization are key considerations. Discover workspace innovation, office design inspiration, and office space optimization with catalogs showcasing modern, commercial furniture, including ergonomic chairs, storage, education furniture, hospitality, healthcare, and restaurant furniture. Aesthetic building improvements, financing, acoustics, lighting, automation, and rental options are also available. This market caters to ROI-focused businesses seeking ergonomic comfort, smart technology, and sustainable solutions for their workspace needs.

Market Research Overview

The European contract furniture and furnishing market is a significant segment of the global home furnishings industry, encompassing businesses involved in the manufacturing and marketing of customizable, eco-friendly, and tech-savvy furniture solutions. According to Technavio, the European home furnishings market size is determined by the consolidated revenue generated by providers of consumer electronics, furnishings, decorative products, household appliances, and other homeware items. Key growth drivers include the increasing construction of residential and commercial properties, as well as the growing emphasis on infrastructure development in Europe. Furthermore, the rising demand for sustainable materials and smart furniture caters to the evolving preferences of a responsible and tech-savvy audience.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/