Europe still plays an important role in the global furniture industry. With a market value of nearly EUR 100 billion, it is the second-largest furniture market in the world, and the most integrated one (over 80% of the demand is satisfied by EU production).
The COVID-19 pandemic is hitting almost the entire Europe for the second time. Nevertheless, the intensity of the contraction and the subsequent growths are largely interdependent across countries, some are projected to experience a deeper contraction than others do. Among the five largest markets, in Italy, in France, in the UK, and in Spain, the estimated contraction of the furniture market will be deeper. In contrast, Germany was less affected by the crisis than the other European countries.
According to CSIL, the World and the European furniture consumption for 2021 should turn positive. Growth forecasts depend on the severity of the slump in 2020 and on the expected rebound.
The furniture industry in Europe contains all the main statistics and indicators useful to analyze the European furniture industry: historical trends and furniture market forecasts, factors affecting the competitiveness of producers, description of the main furniture manufacturing countries, top manufacturers and largest companies (around 1300 companies mentioned), furniture market potentials and development insights, data by segment, reports by country.
Countries included: Austria, Belgium-Lux, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, the United Kingdom.
International Sales & Marketing at CSIL Centre for Industrial Studies