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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.
The rapid development of the home office furniture segment is among the opportunities for manufacturers generated in these challenging times of pandemic. However, the evolution experienced over the last decade underlines an important contradiction: despite the number of people working at home has been increasing year by year at a world level, office furniture manufacturers progressively reduced the creation of specific office furniture products for teleworkers.
‘Home Office Furniture in Europe’, a brand new report by CSIL (September 2020), analyses the home office furniture market in Europe, basic data, evolution and sales by country, forecasts, demand, drivers, distribution channels, and competitive system.
Through a series of online and oﬄine activities Furniture China and Maison Shanghai create a new Online + Oﬄine trading mode to promote the development of the furniture industry
With the Covid-19 pandemic that remains a global challenge, the 45th edition of CIFF Guangzhou will be the first large-scale furniture trade fair that will be held in Asia in 2020.
A business platform that will feature the best brands selected by the organizers, in order to present eye-catching design products with innovative concepts that are in line with the latest trends of a rapidly evolving market. The China Import and Export Fair Complex will be filled and animated by the presence of various events and themed exhibitions developed in collaboration with important leading partners of the sector.
CSIL Market Research has recently published results of a survey on a sample of one hundred office furniture dealers for an in-depth analysis of supply activity for small accounts in Europe.
The perspective of this research is not restricted to understanding the furnishing of office spaces but it has been conceived for a wider panorama of activities, like furniture for small hotels, B&B, bar/restaurants, co-working, and individual offices.
CSIL is working on the 18th edition of the report ‘The world upholstered furniture industry’ (formerly ‘Upholstered furniture: world market outlook’) which will be published on June 15, 2020.
Together with the usual overview of the global upholstered furniture industry, the 70 summary Country tables, and the profiles of the leading global manufacturers of the segment, this year edition will also provide:
- A detailed analysis of the Top 20 world upholstered furniture markets
- Upholstered furniture consumption forecasts that will take into account the results of CSIL evaluation of the Covid-19 pandemic’s effects on the furniture sector worldwide.
Latest News about CSIL furniture industry Research
- Available publications and Updates
- Coming soon studies – Upholstered furniture, Office furniture, Mattresses, World furniture outlook
- Special Reports and Trends – Working from home furniture
- Impact of Covid-19 on the Furniture Market
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.
The 45th edition of China International Furniture Fair (CIFF Guangzhou), originally scheduled for March, is postponed to July 18-21, 2020 (Home Furniture/Home Décor/Outdoor Leisure) and July 27-30, 2020 (Office Show and CIFM / interzum Guangzhou).