Furniture - D-A-CH

D-A-CH

In 2024, the Furniture market in D-A-CH is projected to generate revenue amounting to US$66.89bn.
It is expected that the market will experience an annual growth rate of 2.56% (CAGR 2024-2029).
The largest segment within the market is the Living Room Furniture segment, which is estimated to have a market volume of US$17.92bn in 2024.
When compared to other countries worldwide, United States leads in terms of revenue generation, with US$263bn in 2024.
In terms of per capita income, each person in D-A-CH is projected to generate US$661.80 in furniture revenue in 2024.
Germany: The furniture market in Germany is experiencing a surge in demand for sustainable and eco-friendly products.

Key regions: Worldwide, United States, China, India, Germany

Definition:

The Furniture market covers different movable objects designed to support various human activities such as sitting, sleeping, and storing items. These objects can include chairs, tables, beds, couches, and cabinets, among others. The design and layout of furniture can have a significant impact on the comfort and functionality of a space, making it an important aspect of interior design and home decor.

Structure:

The Furniture market is divided into seven segments:

The Living Room Furniture segment focuses on furnishings such as sofas, side tables, and media cabinets typically found in the living room. This segment is divided into the following subsegments: Seats & Sofas and Cabinets, TV Stands & Side Tables.
The Bedroom Furniture segment covers furnishings and other accessories used for sleeping and the storage of clothing and other personal items. This segment is divided into the following subsegments: Beds, Mattresses, Closets, Nightstands, & Dressers, and Bedding.
The Kitchen & Dining Furniture segment covers a diverse range of products that are used to meet people’s eating, food storage and preparation needs. This segment is divided into the following subsegments: Kitchenware and Dining Tables, Kitchen Islands & Pantries.
The Outdoor Furniture segment covers products specifically designed to withstand exposure to the elements, such as rain, sun, and wind, and is often made from materials that are weather-resistant.
The Home Office Furniture segment focuses on products that ensure a good working environment at home compared to that of a traditional office. This segment is divided into the following subsegments: Desks & Chairs and Bookcases & Filing Cabinets.
The Lamps & Lighting segment covers various devices and fixtures that provide illumination in a space. This segment is divided into the following subsegments: Table & Floor Lamps, Ceiling Lights & Chandeliers, and Light Bulbs & Fittings.
The Home Décor segment covers a variety of accessories and furnishings designed to make a space more aesthetically appealing. This segment is divided into the following subsegments: Decorations, Carpets & Rugs, Candles, and Curtains & Blinds.

Additional Information:

The Furniture market consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This market includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Market

Region

Region comparison

Currency

Analyst Opinion

The Furniture market in d-a-ch, consisting of Germany, Austria, and Switzerland, is experiencing steady growth driven by changing customer preferences, market trends, and local special circumstances.

Customer preferences: in the Furniture market in d-a-ch are shifting towards sustainable and eco-friendly products. Consumers are increasingly concerned about the environmental impact of their purchases and are seeking furniture made from renewable materials and produced using sustainable manufacturing processes. This preference for sustainability is driving the demand for furniture made from recycled materials, organic fabrics, and non-toxic finishes. Additionally, customers in d-a-ch value high-quality craftsmanship and durability in their furniture purchases, leading to a growing demand for premium and luxury furniture brands. Trends in the Furniture market in d-a-ch are shaped by the unique characteristics of each country. In Germany, there is a growing trend towards minimalist and functional furniture designs that optimize space utilization. This trend is driven by the increasing popularity of compact urban living and the need for multifunctional furniture solutions. In Austria, there is a strong emphasis on traditional and rustic furniture designs that reflect the country's rich cultural heritage. This trend is driven by the desire to preserve and promote Austrian craftsmanship and traditions. In Switzerland, there is a growing demand for high-end and luxury furniture brands, driven by the country's affluent population and its reputation for precision and quality.

Local special circumstances: also play a significant role in the development of the Furniture market in d-a-ch. For example, Germany has a large population and a strong economy, making it the largest furniture market in the region. The country's robust manufacturing sector and well-developed logistics infrastructure contribute to the availability of a wide range of furniture options. Austria, on the other hand, has a smaller population and a more niche market, which allows for the preservation of traditional craftsmanship and the production of unique and artisanal furniture pieces. Switzerland, with its high standard of living and disposable income, provides a fertile ground for luxury furniture brands to thrive. Underlying macroeconomic factors, such as gdp growth, consumer confidence, and disposable income, also influence the Furniture market in d-a-ch. Economic stability and positive consumer sentiment contribute to increased spending on furniture and home furnishings. Additionally, favorable interest rates and government incentives for home renovations and interior design projects further stimulate the demand for furniture in the region. In conclusion, the Furniture market in d-a-ch is experiencing growth driven by changing customer preferences towards sustainable and high-quality products, market trends tailored to each country's unique characteristics, local special circumstances that shape the market dynamics, and

Underlying macroeconomic factors: that support consumer spending on furniture.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.