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1,000 participants from 44 countries, 54 exhibitors from 8 countries, and more than 2,600 video meetings.
This is how to summarize the business meetings of the furniture and interior design industry Meble Polska Special Edition, which took place online from 24 to 28 May 2021.
The event organized by Grupa MTP enabled manufacturers and buyers from all over the world to meet and conduct business negotiations in a safe environment without any risks of traveling.
CSIL has been invited to present the latest data concerning the global furniture industry and mattress market at interzum@home digital edition.
Thursday, May 6 | World furniture outlook: the CSIL partner Alessandra Tracogna presented the expected trends in the global furniture sector, a comparative analysis by geographical area and countries.
Friday, May 7 | The world mattress industry: the CSIL partner Giulia Taveggia presented the latest data on the mattress industry with a focus on two perspectives: a global view of the sector and e-commerce.
Due to the pandemic, it proved impossible to hold the MEBLE POLSKA Furniture Trade Fair, the furniture trade show in Central and Eastern Europe, in the first half of this year.
However, Grupa MTP has prepared an alternative solution that will allow furniture and interior design industry representatives from all over the world to meet online and hold business talks without posing any health risks related to direct contact and traveling.
From 24th to 28th May the Furniture and Interiors Online Business Meetings MEBLE POLSKA Special Edition will take place.
The office furniture sector is facing the consequences of the pandemic. Strong change of habits and people's adaptation to new circumstances, spaces, and technology, forced sector companies to operate some changes.
All major sources underline that remote working and working from home will increase in the coming years, but this will not necessarily be a replacement for office spaces. Fluidity will come in the form of working from a variety of locations, reflecting the diversity of tasks and the preferences of employees.
CSIL Office furniture: world market outlook, December 2020 edition
World furniture consumption during 2020 has been inevitably affected by the spread of the pandemic, which forced well over 100 countries worldwide to institute either a full or a partial lockdown in different periods of the year, affecting billions of people, who had to change in part their consumption habits.
Under those circumstances, the e-commerce channel showed an opposite trend with the global value of furniture sold online reaching a double-digit increase, now representing 10% of furniture consumption at end-user prices on a world scale.
SOURCE: CSIL Report: E-commerce for the Furniture Industry, edition December 2020. The report analyses the status and prospects of e-commerce for the furniture industry.
In the CSIL report ‘E-commerce for the furniture industry’ (Dec 2020) already emerged a fast increase in online sales among the largest furniture retailers, while also manufacturers started to sell through their own web platforms. Pushed by the pandemic, e-commerce is estimated by CSIL to represent 10% of the worldwide furniture consumption in 2020.
What is the incidence of web-sales in the office segment and how sector companies are reassessing logistics and marketing approach?
The e-commerce mattress market is experiencing a time of growth, compared to the retail mattress market and, in particular, to other segments of the furniture industry. A fast increase in online sales is registered among the largest home furniture and mattress retailers (in particular e-tailers and online mattress companies) in the first half of 2020.
E-commerce and boxed mattresses are changing the major global mattress markets, resulting in different performances across the world.
Source: CSIL ‘E-commerce in the mattress industry’
During the first half of 2020, the outbreak of Covid-19 has brought strong effects worldwide, affecting the furniture and the mattress markets, both from the demand and the supply side. The consequences on mattress consumption are still uncertain and may vary widely from country to country depending on the severity of the contagion, the length of the lockdown, the status of the economy in early 2020, and the ability to use resources to assist in the recovery.
CSIL recently processed sector forecasts (2020 and 2021) for major markets (and geographical areas) providing insights into the sector’s development in the first half of 2020, included in the report “The World Mattress Industry”
According to CSIL, the world upholstered furniture consumption is forecasted to decrease in 2020, but registering a lower decrease if compared to the whole furniture industry and rebounding faster in 2021.
The consequences of the Covid-19 pandemic on the world upholstered furniture consumption depend largely on the ability of the largest markets to mobilize resources to assist in the recovery and on the creation of opportunities for upholstery exporting countries to stimulate local consumption to absorb upholstered furniture made available as a consequence of a decrease in exports.
These forecasts are included in the CSIL report “The World Upholstered Furniture Industry” issued in June 2020.
CSIL constantly monitors the ongoing COVID-19 pandemic's impact on the furniture market scenario, to support clients with the most updated data and valuable insights