Part of CSIL Country Furniture Outlook Series covering 100 countries at present, The furniture industry in Europe contains all the main statistics and indicators useful to analyze the furniture sector in Europe and in 30 European countries: Austria, Belgium-Lux, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, the UK.

EUROPEAN FURNITURE MARKET OUTLOOK

The first part of this study goes in-depth into the role of Europe in the global furniture context with historical series of basic data (furniture production, consumption, and trade 2017-2022), the European furniture production performance and future perspectives, the main factors affecting the competitiveness of manufacturers (labor cost, availability of raw materials and components, investments in technology and machinery, innovations, recycling, sustainability, and circularity), imports penetration, exports orientation, description of the main furniture manufacturing countries.

The European furniture market potential and development insights: future perspectives of the furniture sector in Europe, furniture market forecasts up to 2024.

The Furniture manufacturing system and trends in the development of furniture production by segment (upholstered furniture, kitchen furniture, office furniture, other furniture) with trends in furniture sub-segments (available data up to 2021).

The competitive system in Europe, with the recent European furniture manufacturers’ strategies, mergers, and acquisitions.

The Top furniture manufacturers in Europe: the competitive system analysis includes figures for the leading 50 European furniture companies (company name, country, website, activity, furniture specialization, total turnover, and the number of employees, share of furniture on total sales) ranked by their turnover.

This part also comments on the most recent challenges affecting the furniture industry, like the impact of the energy crisis, the geopolitical issues, the strategies implemented by the leading furniture manufacturers and suppliers, the supply chain disruptions, and the price increase.

COUNTRY ANALYSIS: 30 COUNTRY REPORTS

For each considered country (Austria, Belgium-Lux, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, the United Kingdom):

• Market outline and macroeconomic trends
• Production, consumption, imports, and exports of furniture for the time series 2017-2022
• Comparison with the European furniture sector: country rankings on production, consumption, imports, and exports
• Furniture market forecasts for 2023 and 2024
• Trading partners: the origin of furniture imports and furniture exports destination
• Value of furniture consumption and production by segment (upholstered furniture, office furniture, kitchen furniture, and other furniture)
• Manufacturing system: number of furniture firms, and size
• Short profiles of leading furniture manufacturers

Over 2000 short profiles of furniture manufacturers are also provided, with information on their activity, product portfolio, turnover range, employees range, general email address-when available- and website.

Types of furniture covered: Office furniture, Upholstered furniture, Non-upholstered seats, Kitchen furniture, Bedroom furniture, Dining and living room furniture, and Other Furniture.

Europe. Total furniture consumption, 2017-2022

Europe plays an important role in the global furniture industry, being the second-largest area for furniture production worldwide, a large and integrated market of more than 530 million consumers, and a major hub of world trade in furniture exports and imports.
European furniture consumption in 2022 has followed upward, reaching nearly EUR 120 billion. The largest markets are Germany, the UK, France, and Italy, which also rank among the top 10 furniture markets worldwide.
With nearly 130,000 companies, the furniture industry remains one of Europe’s more fragmented manufacturing sectors, predominantly made up of SMEs, which are also leaders in the high-end furniture market. Europe is also home to some large players in terms of furniture turnover. In CSIL’s selection of the Top 200 furniture manufacturers worldwide, more than 90 companies are European.
CSIL estimates that furniture demand in Europe will weaken in 2023, mainly due to elevated inflation and soaring furniture prices. It is forecasted to resume in 2024.