Furniture - Netherlands

  • Netherlands
  • In 2024, the Furniture market in the Netherlands is projected to generate a revenue of US$11.17bn.
  • According to the Compound Annual Growth Rate (CAGR) from 2024 to 2029, the market is expected to grow at an annual rate of 2.86%.
  • The largest segment within the market is the Living Room Furniture segment, which is estimated to have a market volume of US$2.38bn in 2024.
  • When compared globally, in the United States leads in terms of revenue generation, with an estimated revenue of US$264bn in 2024.
  • Taking into account the population figures, the per person revenue in the Netherlands is approximately US$631.90 in 2024.
  • The Netherlands has witnessed a surge in demand for sustainable and minimalist furniture, as consumers prioritize eco-friendly and space-saving options.

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

 
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Analyst Opinion

The Furniture market in Netherlands is experiencing significant growth and development in recent years. Customer preferences are shifting towards more modern and minimalist designs, as well as sustainable and eco-friendly materials. This trend is driven by the increasing awareness of environmental issues and the desire for a more sustainable lifestyle. Additionally, there is a growing demand for multifunctional furniture that can maximize limited living spaces. In terms of trends in the market, online retail is gaining popularity among consumers in Netherlands. The convenience and wide selection offered by online furniture stores are attracting more customers to make their purchases online. This trend is further accelerated by the covid-19 pandemic, which has led to an increase in online shopping across various industries. Another trend in the furniture market in Netherlands is the rise of customization. Consumers are increasingly seeking personalized furniture that suits their individual tastes and preferences. This trend is driven by the desire for unique and one-of-a-kind pieces that can add a personal touch to their homes. Customization also allows consumers to have furniture that fits perfectly in their living spaces, maximizing functionality and aesthetics. Local special circumstances in Netherlands also play a role in the development of the furniture market. The country has a strong design culture and is known for its innovative and modern designs. Dutch furniture designers are renowned for their creativity and craftsmanship, attracting international attention and demand for their products. This reputation contributes to the growth of the furniture market in Netherlands. Underlying macroeconomic factors also contribute to the development of the furniture market in Netherlands. The country has a stable economy and high disposable income levels, allowing consumers to invest in quality furniture. Additionally, the government's support for sustainable and eco-friendly initiatives further drives the demand for environmentally conscious furniture. In conclusion, the furniture market in Netherlands is experiencing growth and development driven by shifting

Customer preferences:
towards modern and minimalist designs, as well as sustainable materials. Online retail and customization are emerging

Trends in the market:
while the country's strong design culture and stable economy contribute to its development. The furniture market in Netherlands is expected to continue thriving as consumers prioritize quality, functionality, and sustainability in their furniture choices.

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 categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories 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.

Overview

  • Revenue
  • Sales Channels
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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