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Furniture industry in Europe - Statistics and Facts

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. The number of manufacturing enterprises in the European Union decreased from approximately 126,000 in 2011 to 120,000 enterprises in 2016. However, as of 2017 the number of enterprises increased again to roughly 130,000, indicating a positive development for those involved in the industry. However, the coronavirus crisis in 2020 was expected to decrease this number again. The production value of the industry in the European Union followed a similar trajectory. If in 2011 the production value was 90 billion euros, in 2015 it increased to 97 billion euros.

The economic recovery of the manufacturing industry reflected in consumer behavior. When observing the annual expenditure on furniture and furnishings in the UK, in 2012, consumers spent approximately 12 billion euros on furniture and furnishings. In 2019, spending amounted to 17 billion euros. Most of the consumer expenditure on furniture in Europe took place in Malta with a three percent share of their total household spending in 2017, whereas Austria and Germany had 2.7 and 2.6 percent respectively.

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 2019, their revenue had quadrupled to roughly 41 billion euros. Furthermore, IKEA has not only been generating a tremendous amount of revenue, it is also the fourthmost valuable retailer in the world, valued at nearly 50 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.

Key figures

The most important key figures provide you with a compact summary of the topic of "Furniture industry in Europe" and take you straight to the corresponding statistics.

Netherlands

Sweden

Italy

Interesting statistics

In the following 5 chapters, you will quickly find the 36 most important statistics relating to "Furniture industry in Europe".

Furniture industry in the EU

Dossier on the topic

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Furniture industry in Europe - Statistics and Facts

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. The number of manufacturing enterprises in the European Union decreased from approximately 126,000 in 2011 to 120,000 enterprises in 2016. However, as of 2017 the number of enterprises increased again to roughly 130,000, indicating a positive development for those involved in the industry. However, the coronavirus crisis in 2020 was expected to decrease this number again. The production value of the industry in the European Union followed a similar trajectory. If in 2011 the production value was 90 billion euros, in 2015 it increased to 97 billion euros.

The economic recovery of the manufacturing industry reflected in consumer behavior. When observing the annual expenditure on furniture and furnishings in the UK, in 2012, consumers spent approximately 12 billion euros on furniture and furnishings. In 2019, spending amounted to 17 billion euros. Most of the consumer expenditure on furniture in Europe took place in Malta with a three percent share of their total household spending in 2017, whereas Austria and Germany had 2.7 and 2.6 percent respectively.

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 2019, their revenue had quadrupled to roughly 41 billion euros. Furthermore, IKEA has not only been generating a tremendous amount of revenue, it is also the fourthmost valuable retailer in the world, valued at nearly 50 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.

Interesting statistics

In the following 5 chapters, you will quickly find the 36 most important statistics relating to "Furniture industry in Europe".

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