NEWS & ARTICLES: Articles
Your top source of business information on the furniture industry and market world-wide by CSIL
Re-conversion of production, re-thinking of communication, digital options and agile working. The furniture industry is modulating business to face the Covid-19 outbreak.
It was 2000 when CSIL approached the analysis of the working-from-home furniture segment for the first time.
Now we are back to study this segment and results of our research work will be published within June 2020.
Physical stores, flexibility and growth of e-commerce for the furniture industry. What is crucial today for furniture retailers in Europe?
The diffusion and the new possibilities opened by digital technologies do not simply entail the emergence of a new distribution channel, the online one, but also led to a major change in consumers’ purchasing patterns, which affects both pure online retailers and brick-and-mortar ones.
Informa Markets, the Organiser of the Malaysian International Furniture Fair (MIFF) 2020 has announced new dates of June 30-July 3 for the show to take place in the Malaysia International Trade and Exhibition Centre (MITEC), Kuala Lumpur, Malaysia.
Cities are geographic concentrations of people, skills, economic activities and capital infrastructures, which are making them the key actors of the world economy’s growth. Cities began to emerge as strategic places for the new world economy because of their specialized differences and knowledge.
Companies willing to increase and extend their activities in a new market cannot disregard the development and peculiarities of the cities within a country.
Top Urban furniture markets. Potential demand and forecasts for 30 large cities | May 2019, I Ed. , 79 pages - 30 world cities to focus on in order to see where the international furniture and furnishings players can find good business opportunities in the coming years.
The total turnover of the 50 selected companies is worth around USD 750 billion, of which USD 208 billion comes from the sales of the major appliances considered in the analysis (refrigerators and freezers, washers and driers, dishwashers, hoods, cooking appliances, microwave ovens, air conditioners, vacuum cleaners). CSIL estimates that the total production of this industry reached USD 256 billion in 2018, corresponding to about 1 billion units.
CSIL Market Research Report ‘ Profiles of 50 major appliance manufacturers worldwide’ (2019) ranks 50 appliance manufacturers selected according to their volume of sales.
The Report can be purchased and downloaded at https://www.worldfurnitureonline.com/research-market/profiles-50-major-appliance-manufacturers-worldwide-0058569.html
The kitchen business is one of the most innovative segments of the furniture industry in terms of new materials, coverings, and devices. The CSIL analysis offers an accurate picture of the kitchen furniture industry worldwide focusing on 60 countries, selected according to their contribution to the international trade of kitchen furniture.
CSIL Market Research Report " World furniture outlook 2020" (2019) analyses the kitchen furniture market of 60 countries worldwide.
The Report can be purchased and downloaded at: https://www.worldfurnitureonline.com/research-market/world-furniture-outlook-0058524.html
The European market for bathroom furniture, furnishings and wellness is worth approximately EUR 12 billion. This figure includes bathroom furniture and accessories, WC seats, bathtubs and whirlpools, sanitary, faucets, shower screens, shower trays, and multifunctional shower booths. During 2018, the market registered an increase of 2.1% (year-on-year). The best performances were reported in Central East Europe, as well as in Spain.
CSIL Market Research Report ‘The European Market for Bathroom Furniture, Furnishings and Wellness’ (2019), provides an an in-depth analysis of the bathroom furniture and furnishings industry in Europe.
The Report can be purchased and downloaded at https://www.worldfurnitureonline.com/research-market/the-european-market-bathroom-furniture-furnishings-wellness-0058463.html
The world market for high-end furniture is worth approximately US$ 50 billion including high end – design furniture and contract furniture for high-end projects, such as five stars hotels, yachts, luxury private villas, etc. that represent around 30% of the market. The world market for high-end furniture is a concentrated one: the top 10 countries in the market absorb over 80% of the total high-end furniture; North America and Asia and Pacific, including China, being the main markets.
CSIL Market Research Report ‘The high-end design furniture market’ (May 2019), provides an overview of the world market for high-end home furniture, with a particular focus on Europe.
The Report can be purchased and downloaded at https://www.worldfurnitureonline.com/research-market/high-end-design-furniture-market-0058649.html
According to CSIL Market Research Report Africa Furniture Outlook (March 2019), almost 70% of the total furniture market in Africa is satisfied by local manufacturers.
Total Africa furniture production amounts to US$ 7.5 billion and only 10% of furniture manufactured in Africa is exported (main exporting countries are Egypt, South Africa, Morocco and Tunisia). Several African countries have good potential for developing their furniture industry, both for internal consumption and for exports.
For Africa as a whole, a 2.4% growth of furniture consumption in real terms is expected for the year 2020.
With an extensive analysis that led to the publication of the Market Research Report ‘Top 200 furniture manufacturers worldwide’ (March 2019), CSIL identified the leading players operating in the furniture sector (definition of ‘top company’ relates to the value of furniture turnover).
Altogether, the Top 200 companies produced a total turnover of around USD 150 billion, of which, around USD 100 billion relate specifically to the furniture sector (or about 20% of world furniture production).