NEWS & ARTICLES: Articles
Your top source of business information on the furniture industry and market world-wide by CSIL
The mattress industry is changing and among the main trends impacting this sector, it is worth to mention the increasing importance of online sales and the research in innovative materials.
Source: CSIL “The world mattress industry", July 2018, XV Edition
Romania plays a key role in the European upholstered furniture sector, ranking fourth in export and fifth in production of this segment. In 2017 Romanian companies manufactured upholstered furniture for a value of about EUR 670 million, increasing by nearly 50% in the time frame 2012 - 2017.
CSIL Upholstered Furniture Market Research Reports:
According to CSIL, 2017 was a positive year for the office furniture sector in Europe. Despite persistent uncertainties, the European production reached EUR 8,780 million in 2017 posting a 2% growth and reinforcing the performance of the previous year.
Office furniture consumption in Europe increased by 2.2% in 2017 reaching a total value of EUR 8,459 million. Among the largest Western European markets Austria, France, Italy and Spain outperformed the European average (+2.2%)
Source: The European market for office furniture, June 2018, XXX edition, CSIL Market Research Report.
The Malaysian Timber Council (MTC) hosted its first timber conference on 18 October 2018, at the Meridien Hotel in Kuala Lumpur, along with other sector experts from Finland, Switzerland and Malaysia.
Sylvia Weichenberger, CSIL Partner and Senior Expert, was invited as a guest speaker.
According to CSIL, world consumption and production of mattresses have grown over the last decade, with different performances among different regions.
Globally, mattress production confirmed to grow in 2017. The value of mattresses produced worldwide increased by 40% since 2008 and it is forecasted to further increase in the time frame 2019- 2022.
Source: “The world mattress industry", July 2018, XV Edition
In a recent survey that involved around one hundred European office furniture distributors, a category which is shifting today from being simple suppliers of furniture items, to become providers of service, consultancy and complete solutions, CSIL tried to understand and describe the main sector’s trends in the coming years.
CSIL cooperates with the EBRD in designing strategies and supporting companies of the furniture sector in Ukraine and Belarus
Alessandra Tracogna, CSIL senior partner, attended the events “Create. Produce. Export. Great opportunities for Ukranian furniture manufacturers” held in Kiev on May 23rd and the Minsk Furniture Forum on May 20th, 2018
The Eastern Partnership (EaP) is a joint initiative involving the EU and six Eastern European Partners: Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine.
In this framework of Neighbourhood Policy, the European Union co-funds the EU4Business initiative aimed at supporting SMEs in the Eastern Partnership countries.
According to the latest edition of the CSIL report “The contract furniture and furnishings market in Europe” (2018) the largest segments of the contract market are Retail, including both mass-market and luxury shops, followed by Hospitality and Office.
With an increasing presence of international tourists, the Hospitality industry in Europe continues to be the main locomotive of the contract furniture and furnishing sector.
Western Europe is a large and mature market for furniture sales, boasting over 420 million consumers and accounting for around one fifth of the global furniture consumption.
After years of difficulties, the furniture market has followed an upward path benefitting from an improved macroeconomic environment.
According to the CSIL report "Furniture distribution in Europe" issued in 2018, the market is forecast to keep growing also in 2018 and 2019.
According to the article “Sofa market and Recliners in Europe” published in the last issue of CSIL magazine “World Furniture” (75/September 2017), among the structural changes of the global upholstered sector, Europe keeps maintaining a relevant role.
With the production value exceeding EUR 12 billion, Europe accounts for around one fifth of the world upholstered furniture, coming after Asia Pacific and before North America.
The recliner/motion segment production increased its importance also in the European upholstered furniture industry with European manufacturers entering this market segment.