Market Insight : Home Furnishings Market in Europe Grow at a CAGR of 3.5% by Revenue During the Forecast Period 2017-2020

In 2015, the home furniture market in Europe accounted for the highest market share in the home furnishings market in Europe. Multi-functional furniture is gaining in popularity in the home furniture market in Europe. The demand for luxury home furniture is expected to increase during the forecast period, boosting the market growth. The living room and bedroom furniture segments generate the majority of the sales, followed by the kitchen segment in terms of consumer spending on luxury home furniture.
A major trend in the bathroom furniture segment is the use of the country or rustic style, involving the use of pale, pastel colors and traditional styling. IKEA's STORJORM mirror cabinets cater to the bathroom furniture segment and have gained considerable consumer interest due to the unique styling of this range. IKEA and Steinhoff are the major players in the market.

Technavios analysts forecast the home furnishings market in Europe to grow at a CAGR of 3.5% during the period 2016-2020.

Covered :
The report covers the present scenario and the growth prospects of the home furnishings market in Europe for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of home furnishing products.

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Segments based on geography:
Germany
UK
Italy
France

Technavio's report, Home Furnishings Market in Europe 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
IKEA
JYSK
Steinhoff International
Walmart

Other prominent vendors
API
Amazon
Balta Industries NV
Beauflor Vinyl Tiles
Beaulieu Group LLC
Carrefour
Costco Wholesale
Forbo Holding Limited
Herman Miller
Johnsonite
Kaindl Flooring GmbH
Oriental Weavers Group
RAK Ceramics
V&B Fliesen
Wayfair

Key driver
Growing home improvement market
For a full, detailed list, view our report

Key challenge
Long product replacement cycle
For a full, detailed list, view our report

Key trend
Demand for eco-friendly furnishings
For a full, detailed list, view our report

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