The furniture industry is a dynamic, labour-intensive sector with opportunities for highly skilled workers. It combines new technologies with innovation, heritage, design and style. The industry is mostly dominated by small and medium-sized enterprises. Within the sector, IKEA, Steinhoff and JYSK are well-known and highly valued brands.
The industry consists of three major components: manufactures, retailers and the consumer. Looking at the first component, manufacturers dealt with significant losses when the economic crisis of 2008 hit the industry. In the past decade, the number of manufacturing enterprises in the European Union remained relatively stable. However, the coronavirus crisis in 2020 was expected to affect this number.
Consumer expenditure on furniture has been increasing steadily in recent years. For instance, in the UK, consumers spent approximately 12 billion euros on furniture and furnishings in 2012, which increased to more than 14 billion in 2020. Austrians are the most avid consumers of furniture in the EU, with furniture spending making up a 2.9 percent share of their total household spending in 2020. Other countries with high furniture spending are Germany and the Netherlands.
IKEA, a major furniture retailer specializing in ready-to-assemble furniture, kitchen appliances and home accessories, enjoyed a steady growth in the 21st century. Back in 2001, the annual revenue of IKEA counted at approximately ten billion euros. In 2021, their revenue had quadrupled to roughly 42 billion euros. Furthermore, IKEA has not only been generating a tremendous amount of revenue, it is also the eighth-most valuable retailer in the world, valued at roughly 21 billion U.S. dollars.
The industry dealt with losses and difficulties during the economic crisis, but recovered well during the decade after. More recently, the coronavirus crisis in 2020 likely impacted the furniture industry in a negative way. Hand-made, eco-friendly products are one of the leading trends nowadays in the industry, pushing to expand boundaries and introduce innovations, hopefully carrying the industry beyond the coronavirus crisis.
Table of Contents
Overview
Manufacturing
Trade
Wholesale and retail
Expenditure
1.Overview
Descriptions: Revenue from the global furniture industry stood at 1.3 trillion U.S. dollars in 2020. The Statista Consumer Market Outlook estimates that by 2025, revenue in this industry will reach 1.6 trillion dollars.
Description: The graph presents the Furniture & Appliances e-commerce revenue by segment in Europe in 2017, and provides a forecast until 2025. According to the Digital Market Outlook, Furniture & Homeware segment online revenue in Europe is expected to grow to 51.963,7 million U.S. dollars in 2025.
Description: The homeware market in the UK has expanded substantially in the last decade, going from 10.8 billion to 13.6 billion British pounds by 2019. The coronavirus crisis had a major impact on the homeware market in 2020, but the source expected the market to recover from 2022 onwards.
Description: This statistic displays the annual revenue of the furniture market in France from 2004 to 2020. It states that the furniture market revenue increased by over four billion euros between 2004 and 2020. In 2020, revenue of this market reached a value of more than 12.7 billion euros.
Description: This statistic presents the leading furniture retailers in Germany in 2021, based on revenue. That year, Ikea was the furniture retailer which generated by highest revenue in Germany, at approximately 5.3 billion euros.
2. Manufacturing
Description: The production value of furniture manufacturing in Italy was the highest inside the European Union in 2019, with around 22.4 billion Euros. Germany* and Poland ranked second and third with 21.5 and 11.3 billion Euros in production values.
Description: This statistic shows the annual production value of furniture manufacturing in the European Union from 2011 to 2018, by product group. The production value of kitchen furniture in the EU-28 reached approximately 16.17 billion euros in 2016. Other categories include office and shop furniture, mattresses and other furniture.
Description: This statistic shows the annual turnover from the manufacture of furniture in the European Union in 2019, listed by country. That year, the furniture manufacturing industry in Italy generated a total turnover of approximately 22.27 billion euros.
Description: This statistic shows the annual turnover from the manufacture of furniture in the European Union (28 countries) from 2011 to 2018, broken down by product group. The manufacture of office and shop furniture produced a turnover of approximately 26.16 billion euros in 2018. Ranked second was the turnover of kitchen furniture, at approximately 17.24 billion euros in the same year.
Description: This statistic shows the annual turnover from the manufacture of office and shop furniture in the European Union from 2008 to 2018. In 2018, the manufacturing of office and shop furniture in the EU-28 produced a turnover of approximately 26.16 billion euros. This was an increase of over one billion euros from the previous year.
Description: This statistic shows the annual turnover from the manufacture of kitchen furniture in the European Union from 2011 to 2018. In 2018, the manufacturing of kitchen furniture in the EU-28 produced a turnover of approximately 17.24 billion euros. This was an increase of more than 1.5 billion euros from the previous year.
Description: This statistic shows the number of enterprises in the manufacture of furniture industry in countries of the European Union in 2019. In this year, there were 22551 enerprises manufacturing furniture in Poland. Ranked second was Italy at 16,505 enterprises.
Description: This statistic provides the number of employees in the furniture manufacturing industry in the 27+ European Union countries in 2019. That year, the Polish furniture manufacturing industry employed approximately 186,886 people.
Description: This statistic depicts the leading office furniture manufacturers in Europe in 2019, based on sales. In 2019, Steelcase was the top office furniture manufacturer in Europe with sales reaching almost 440 million euros. Kinnarps Holding and Vitra Holding ranked in second and third place, with sales of approximately 420 million euros and 350 million euros, respectively.
3. Trade
Description: This statistic provides data for the annual volume of extra EU imports of furniture, furniture parts, bedding, mattresses, cushions and similar stuffed furnishings into the European Union’s 28 countries from 2005 to 2018. In 2018 approximately 55.72 million kilograms of furniture and soft furnishings were imported from outside the EU-28.
Description: This statistic provides data for the annual value of extra EU imports of furniture, furniture parts, bedding, mattresses, cushions and similar stuff furnishings into the European Union’s 28 countries from 2005 to 2019. Furniture and soft furnishings imported from outside the EU-28 valued around 20.62 billion euros in 2019.
Description: This statistic illustrates the 15 leading countries within the European Union (EU-28) for extra-EU imports of furniture, furniture parts, mattresses, cushions and similar stuffed furnishings in 2019, ranked by import value. France imported approximately 2.4 billion euros worth of furniture and soft furnishings from outside the European Union and was ranked third, after the United Kingdom and Germany.
Description: This statistic provides data for the annual volume of extra EU exports of furniture, furniture parts, bedding, mattresses, cushions and similar stuff furnishings from the European Union’s 28 countries from 2005 to 2019. In 2019, approximately 32.13 million kilograms of furniture and soft furnishings were exported to countries outside the EU-28. This was a decrease of some 700 thousand kilograms of furniture from the previous year.
Description: This statistic provides data for the annual value of extra EU exports of furniture, furniture parts, bedding, mattresses, cushions and similar stuffed furnishings from the European Union’s 28 countries between 2005 and 2019. In 2019, approximately 17.34 billion euros worth of furniture and soft furnishings were exported to countries outside the EU-28.
Description: This statistic illustrates the 15 leading countries within the European Union (28 countries) for extra-EU exports of furniture, furniture parts, mattresses, cushions and similar stuffed furnishings in 2019, ranked by value. Italy exported approximately 4.62 billion euros worth of furniture and soft furnishings to markets outside the EU-28.
Description: In 2020, the United States imported approximately 3.62 billion U.S. dollars worth of furniture and fixture products from Europe. In 2010, this figure amounted to around 1.99 billion U.S. dollars.
Description: In 2020, the United States exported approximately 562 million U.S. dollars worth of furniture and fixture products to Europe. In 2005, this figure amounted to around 460.05 million U.S. dollars.
4. Wholesale and retail
Description: This statistic presents the turnover of leading furniture retailers in Europe in 2020. That year, Swedish company IKEA was the leading furniture retailer in Europe, accumulating a turnover of approximately 14.7 billion euros. IKEA not only has a great presence in the European furniture market, but is also global player, ranking as the eleventh most valuable retail brand worldwide in that same year. Four of the top ten furniture retailers in Europe are based in Germany.
Description: This statistic displays the annual turnover of furniture, carpets and lighting equipment wholesale in the European Union from 2008 to 2018. In 2018, the wholesale of furniture, carpets and lighting equipment generated around 44.74 billion euros in the EU-28.
Description: This statistic presents annual turnover figures for retail sales of furniture, lighting and other household articles in specialized stores in the European Union (EU-28) from 2008 to 2018. In 2018, sales of furniture, lighting equipment and other household articles reached approximately 128.2 billion euros in specialized retail stores in the EU-28.
Description: This statistic shows the number of enterprises in the retail sale of furniture, lighting equipment and other household articles in specialized stores in the European Union (EU-28) from 2008 to 2018. In 2018, there were 137,837 enterprises operating as specialized retail stores for furniture, lighting and other household articles.
Description: This statistic shows the number of enterprises in wholesale of furniture, carpets and lighting equipment in the European Union from 2008 to 2018. In 2018, there were a total of 24,053 furniture, carpet and lighting equipment wholesale companies operating in the EU-28.
Description: This statistic displays the annual turnover of office furniture wholesale in the European Union from 2008 to 2018. In 2018, the wholesale of office furniture generated around 11.41 billion euros in the EU-28.
Description: This statistic shows the number of enterprises in the wholesale of office furniture in the European Union from 2008 to 2017. In 2017, there were 6,563 office furniture wholesale companies operating in EU-28 countries.
Description: The graph presents the Furniture & Appliances e-commerce revenue by segment in Europe in 2017, and provides a forecast until 2025. According to the Digital Market Outlook, Furniture & Homeware segment online revenue in Europe is expected to grow to 51.963,7 million U.S. dollars in 2025.
5. Expenditure
Description: Consumer spending on household durables in Europe amounts to roughly 746,260.75 million U.S. dollars 2021. By 2025, that figure is forecast to reach 863,899.73 million dollars. Consumer spending here refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of the pandemic.
Description: This statistic presents the final consumption expenditure of households in the European Union on furniture, home furnishings, carpets and other floor coverings in 2020, divided by country. The highest expenditure was recorded in Germany, with households spending a total of approximately 44.9 billion euros.
Description: This statistic depicts the share of total consumption expenditure going on furniture, home furnishings, carpets and other floor coverings in European Union (EU-28) countries in 2020. In Austria and Germany, furniture and other furnishings represented 2.9 and 2.7 percent of total household spending.
Description: This statistic shows the total annual expenditure on furniture and furnishings in the United Kingdom (UK) from 2005 to 2021, based on volume. In 2021, UK households purchased approximately 24.5 billion British pounds worth of furniture and furnishings, up from 24.13 billion registered a year earlier.
Description: This statistic shows the development of private household consumer spending on furniture and interior decoration as well as on household appliances and devices in Germany from 1991 to 2021. In 2021, German households spent nearly 115.26 billion euros on furniture and household appliances.
Description: The average household consumption expenditure on household furniture in Denmark fluctuated from 2009 to 2020. In 2020, the household consumption expenditure on household furniture in Denmark was 3,920 Danish kroner, an increase in comparison to the previous year.
Source from Statista
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