NEWS & ARTICLES:
Your top source of business information on the furniture industry and market world-wide by CSIL
The world mattress industry registered an overall good performance, better than expected during the first months of the crisis. Good performance results from the increasing demand from large markets, the US and China in particular.
According to CSIL estimates, the value of mattress consumption reached USD 29 billion in 2018, recording no growth in 2019 and 2020. However, particularly during the second half of the year 2020, the increasing demand occurred in parallel with important supply chain disruptions worldwide, together with the increase of raw material prices.
Source: CSIL Report 'The world mattress Industry', July 2021
The world upholstery industry has been remarkably successful in recovering from the crisis in 2020. The pandemic-induced contraction was limited in size because consumers have often allocated to furniture substantial portions of income made available from the decreased expenditure for restaurants, vacations, and other leisure activities.
World upholstery consumption decreased by 5% in current US$ in 2020. Return of consumption to the pre-pandemic level is likely to happen already in 2021 for the world as a whole, with different speeds of recovery across countries.
Source: CSIL Report 'The World Upholstered Furniture Industry', June 2021
The CSIL outlook for the European area shows a recovery of office furniture consumption in real terms of 2% in 2021.
What emerges is a complex picture with an initial return to offices but not at pre-pandemic occupancy levels.
Source: CSIL Report 'The European market for office furniture', June 2021
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?