Home Furnishings Market in Europe 2023-2027
Technavio has been monitoring the home furnishings market in Europe and is forecast to grow by USD 171.19 bn during 2022-2027, accelerating at a CAGR of 6.46% during the forecast period. Our report on the home furnishings market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growth of the real estate and construction industry, rising demand for luxury furniture, and growth of organized retail.
Technavio's home furnishings market in Europe is segmented as below:
By Distribution Channel
By Product
- Home furniture
- Home textiles
- Floor coverings
This study identifies the increasing adoption of eco-friendly furniture as one of the prime reasons driving the home furnishings market growth during the next few years. Also, digital marketing and social media campaigns and enhancement of consumer experience through technologies will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the home furnishings market in Europe covers the following areas:
- Home furnishings market sizing
- Home furnishings market forecast
- Home furnishings market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading home furnishings market vendors that include Andrena Funriture Ltd., B and B Italia SPA, DEDON GmbH, Delcor Ltd., DFS Furniture PLC, Dunelm Group Plc, Ercol Furniture Ltd., Forbo Management SA, Hafren Furnishers Ltd., Inter IKEA Holding BV, LLG AS, LuxuryfurnitureMR, Nolte GmbH and Co. KGaA, Poltrona Frau SPA, ROCHE BOBOIS SA, SOFACOMPANY, Steve Bristow Stone Masonry Ltd., The Cotswold Co. UK Ltd., Wayfair Inc., and Wicklewood Ltd. Also, the home furnishings market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.