NEW YORK, Aug. 28, 2023 /PRNewswire/ -- According to Technavio, the Furniture Market in Europe is anticipated to increase by USD 35.93 billion from 2021 to 2026, accelerating at a CAGR of 2.95%. This growth is driven by factors such as the expansion of the real estate and construction industry, changing lifestyle patterns, and the increasing adoption of eco-friendly furniture. The post-COVID-19 impact has also reshaped the market dynamics, presenting opportunities and challenges for market players. Companies within the furniture market in Europe must focus on utilizing business opportunities from the offline segment as it accounted for the largest market share in the base year.
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Furniture Market in Europe: Segmentation Analysis
The European furniture market is a dynamic landscape, influenced by various factors. The report provides valuable insights into the market's segmentation by distribution channel (offline and online) and type (living room furniture, bedroom furniture, kitchen and dining, lamps and lighting, and others).
The growth in the offline distribution of furniture is augmented by a significant increase in the number of companies that are expanding and operating their offline stores across Europe.
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Furniture Market in Europe: Companies Analysis
The furniture market in Europe is fragmented and the companies are deploying growth strategies such as product innovation to compete in the market.
- B and B Italia SPA- The company offers various furniture such as chairs, beds, armchairs, sofas, and a chaise lounge. Moreover, the company also provides furniture under the brand name of Camaleonda.
Major companies play a crucial role in driving market growth. Leading companies include:
- B and B Italia SPA
- BoConcept
- Calligaris SPA
- Colombini SPA
- F. Hoffmann La Roche Ltd.
- Fritz Hansen
- Inter IKEA Holding BV
- Molteni and C SpA
- Natuzzi SpA
- Poltrona Frau SPA
Furniture Market in Europe: Regional Analysis
The market analysis extends across Europe, encompassing its diverse regions. It is important to note that the growth potential of the European furniture market is influenced by external factors that shape the parent market. Economic strength affects consumers' purchasing power, shaping demand for furniture. Diverse consumer preferences and lifestyles, often influenced by historical and cultural contexts, contribute to unique design trends in different regions.
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Table of Contents
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Distribution channel
6 Market Segmentation by Type
7. Customer landscape
8. Drivers, Challenges, and Trends
9. Vendor Landscape
10. Vendor Analysis
11. Appendix
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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