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Anywhere in the world, the high-end furniture segment follows its own patterns, that are partially tied to the development of the whole furniture sector and partially detached from it. At the same time, product innovations and design concepts proposed by high-end furniture manufacturers are pursued by other producers, so the moves of high-end players often impact on the overall industry.
According to CSIL estimates, the world’s high-end furniture market accounts for approximately 10% of the global furniture market, in terms of value.
In the last twenty years, the Ready to Assemble (RTA)* furniture industry has developed fast, in terms of both the industry’s size and the products (support materials, finishing, assembling solutions) and distribution channels (registering a sharp increase in online sales).
According to CSIL, the RTA furniture industry increased by 3% yearly during the period 2016-2021, registering a higher growth rate compared to the performance of the fully assembled furniture production. The weight of the RTA furniture industry increased over time on the whole furniture industry and reached a value exceeding Eur 15 billion.
Source: ‘The European Market for RTA Furniture’ 2022
Invited by the Brazilian Leather project, developed by the Centre for the Brazilian Tanning Industry (CICB) and the Brazilian Trade and Investment Promotion Agency (ApexBrasil), CSIL has been attending the latest edition of this exhibition, taking place in FIERGS Events Center in Porto Alegre between the 19th and 20th of July, to keep an eye on trends in materials for the fashion and design sectors, with special attention to the leather segment.
See more of the exhibition at https://cicb.org.br/brazilian-leather/en/events
According to CSIL, the European furniture market increased by 3% yearly in the last decade. The decrease in 2020 was more than compensated in 2021 with a growth of about 10%, reaching almost Eur 140 billion (at retail prices). In 2021, all the markets surpassed their 2019 market size, thus fully rebounding from the pandemic.
Europe is the second-largest market in the world, coming after the Asia Pacific and before North America, still playing an important role in the global furniture market - if globally benchmarked. However, significant structural changes over the past decades at a world level have severely affected the area, gradually reducing its importance.
Source: CSIL Report 'Furniture retailing in Europe', February 2022
Here’s the latest Furniture industry news from CSIL
- CSIL at Salone del Mobile: ask for a meeting with CSIL experts participating in the Salone del Mobile, the furniture exhibition to be held in Milan on June 7-12
- Outdoor furniture: one of the best performer in the European furniture sector
Soon available at www.worldfurnitureonline.com:
- The world upholstered furniture industry 2022: CSIL is conducting its yearly sector analysis on the global upholstered furniture industry.
- The European market for office furniture 2022: the CSIL yearly report will outline and comment on the main transformations impacting the office furniture industry in Europe and will include all the statistics useful to analyse the current market and the scenario
Here’s the latest news and coming soon reports from CSIL Furniture Market Research
- Ready-to-Assemble furniture
- Working from Home
- Office furniture
- Competition, top furniture manufacturers in Europe
- Outdoor furniture
Not in February as originally planned but on 16-19 May 2022, the next edition of MEBLE POLSKA trade fair will be held in Poznań.
The change of date was due to the uncertain epidemic situation. Rescheduling the trade fair will ensure that participants benefit as much as possible from taking part in it.
MEBLE POLSKA Furniture Fair
16 - 19 May 2022
MTP Poznań Expo
More info at https://www.meblepolska.pl
Office furniture is a mature sector representing around 10% of total world furniture output. According to CSIL, the global production of office furniture is worth about US$ 52 billion.
Asia-Pacific is the main manufacturing area with a 52% share of world office furniture, followed by North America, accounting for 24%. Europe ranks third with an incidence of 19% of the worldwide output. The other geographical areas hold marginal shares.
The world office furniture industry, December 2021
The office furniture market in Asia Pacific and China, November 2021
The European market for office furniture, June 2021
Italy is the fifth producer of upholstered furniture, representing over 15% of the European production, ranking second after Poland, and the fourth exporter - after China, Poland and Vietnam.
In the last ten years, Italy has been recording better performances than other producers like Germany, which saw a production decrease of over 10%.
Source: ‘The Upholstered Furniture Market in Italy’, December 2021 - Italian language
According to CSIL’s preliminary estimates, world production of furniture in 2021 will exceed USD 500 billion; a stronger-than-expected recovery, mainly due to the major contribution from Europe and Asia. This estimate is based on the processing of data from official sources, both national and international, that covers the 100 most important countries.
Demand was globally strong with differences across countries and segments. However, production growth is subject to a series of constraints: raw material scarcity and growing prices, supply chain challenges, high costs of transport, and container shortages. Moreover, systemic uncertainties, deriving from continuing trade restrictions and changing supply chain strategies, affect the entire furniture sector.
Source: ‘World Furniture Outlook’ report, issued in December 2021