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Market Research Report

Europe Office Furniture Market Outlook 2019-2035 : Market Size, Trends, Growth, Opportunities | COVID-19 Impact Analysis

Published Date :

2021-02-25

Report Pages :

364

Format :

PDF

Region Covered :

Europe

Europe Office Furniture Market Overview

Office Furniture production is on the rise as Furniture production in the region reaches to EUR90.00 billion in 2017 accounting for one fourth of the global furniture Industry. Western Europe is the occupying the largest market share and Eastern countries are fastest growing ones. Germany, Poland, United Kingdom and France rank among the top 12 furniture manufacturers in the world and holding a combined share of 15.00% of the world production and 66% of European’s production. In the year 2015 better outlook was expected from Sweden, Ireland and Greece which is followed by United Kingdom, Norway, Spain and Germany which will increase between 2.50% to 3.00%. The EU market accounts for 24.00% of the global world furniture production market. Consumption in EU 28 in 2012 was still below the pre-crisis level. Presently, EU furniture market which constitutes of 500.00 million consumers is another traditional market where the consumption is far below. The great majority of demand in the EU is currently satisfied by the EU production which accounts for 85.00% of the total EU consumption and the remainder is imported from other countries.

The trend is still for greater dependence on imported items which are increasingly penetrating in the EU market. EU Member states constitute 285 of the furniture sold worldwide representing 84.00 billion market employing about 1 million workers.EU production per annum is 72 billion. Of this, Italy (€17.5 billion), Germany (€14.5 billion), UK (€8.8 billion) and Poland (€7.1 billion) are the most significant furniture producers by value. Similarly the most significant exporters were Germany (€9.5 billion), Italy (€9.2 billion) and Poland (€8.7 billion), while the largest importers were Germany (€11.8 billion), UK (€6.6 billion) and France (€6.0 billion). European Member States are major consumers of furniture, estimated at €68 billion per year, with the EU28 being a net exporter. The largest consumers by value being Germany (€16.8 billion), UK (€14.2 billion), Italy (€10.2 billion). The European office furniture production in 2018 peaked to over EUR 9 billion, representing the highest value of the last decade. With a +2.40% increase, if compared to the previous year, it registered the second best performance since 2013. Around 84% of the mentioned value originates in Western Europe and the remaining part is realized in Central Eastern Europe. At industrial level, the sector employed about 73,000 workers of which 43.00% is kept by the top 50 manufacturers. Over recent years the sector seems to have absorbed the largest part of its overcapacity, but restructuring activity and M&A process continue to impact the industrial organization and employment levels. Increasing market concentration is a main effect of this process.

Europe Office Furniture Market Segmentation

By Product Type

  • Seating
  • Desks /Workstation
  • Storage
  • Accessories
  • Tables

By Material Used

  • Wood
  • Metal
  • Plastic
  • Others (Glass, Leather and Steel)

By Price range

  • Mass Market Furniture
  • Premium /Luxury Furniture

By Consumer Segment

  • Commercial Office
  • Home Office

By Distribution Channel

  • Online Distribution Channel
  • Offline Distribution Channel

By Region

  • United Kingdom {Market Share9%), Market Size(USD Billion), Sales(Million Units)} Office Furniture Market
  • France{Market Share9%), Market Size(USD Billion), Sales(Million Units)} Office Furniture Market
  • Italy{Market Share9%), Market Size(USD Billion), Sales(Million Units)} Office Furniture Market
  • Spain{Market Share9%), Market Size(USD Billion), Sales(Million Units)} Office Furniture Market
  • Hungary {Market Share9%), Market Size(USD Billion), Sales(Million Units)} Office Furniture Market
  • Sweden {Market Share9%), Market Size(USD Billion), Sales(Million Units)} Office Furniture Market
  • Russia{Market Share9%), Market Size(USD Billion), Sales(Million Units)} Office Furniture Market
  • Poland {Market Share9%), Market Size(USD Billion), Sales(Million Units)} Office Furniture Market
  • Rest of Europe {Market Share9%), Market Size(USD Billion), Sales(Million Units)} Office Furniture Market

We conducted interviews with the Consumers (B2C Vs B2B), Office Furniture Market Manufacturers, Brands, End User Industry Verticals, Contractual Suppliers, Product Managers, Consultants, Decision Makers, VPs, Executives, Sales Managers, Regional Sales Head, C-level Executives, etc.

Key Benefits: Europe Office Furniture Market Outlook, 2019-2035 (Edition 2021)

  • The report includes Europe Office Furniture Market Manufacturers, Contract Manufacturers & Brands Outlook (Market Competition & Global Presence), Business Strategy & Financial Analysis of Major Players. Further, the study also covers Industry Insights (Future Trends & Forecast Data), Trade Data (Exports and Imports), By Europe Office Furniture Market Type (Manufacturing & End User Industry Outlook), End User Industry Analysis (B2B Vs B2C), Competitive Intelligence, Opportunity Analysis
  • Market Data : Market Size (USD Billion), Market Share (%), CAGR (%), Y-O-Y Growth Rate (%) of Europe Office Furniture Market Industry and further it bifurcated into Countries, 2019-2035
  • Sales Data of Europe Office Furniture Market : By Each Packaging Type, By End Users, By Manufacturers Type, By Application, By Countries, (By Volume & Value), 2019-2035
  • Manufacturing Outlook of Europe Office Furniture Market : Manufacturers Outlook, Revenue & Market Share of Manufacturers, Manufacturing Capacity, Operational Margins, Contract Manufacturers & OBMs Outlook, etc., 2019-2035
  • Brands Outlook : Revenue Share (%) of Manufacturers By Packaging Type, Market Positioning, Ranking Analysis, Product Portfolio, Competitiveness, Regional Presence, No. of Products, Investments, Partnerships & Collaborations, Mergers & Acquisitions, etc., 2019-2035
  • Europe Office Furniture Market End User Outlook : End User Preferences of Packaging & Brands, End User Spending, Average Spending Power, Adoption Rate (%), Penetration Rate (%), Green Initiatives, Govt. Regulations, etc., 2019-2035
  • Market Dynamics : Growth Drivers, Challenges, Opportunities, Trends, SWOT Analysis, Porter's Five Force Model, PESTLE Analysis, etc., 2019-2035
  • Trade Data of Europe Office Furniture Market (Export & Import) : By Each Segment, By Major Destination Countries (By Value & Volume), 2019-2035
  • Supply & Demand Analysis : By Europe Office Furniture Market Type, End Use Verticals, By Countries, 2019-2035
  • Target & Potential Markets : By Major Countries & Industries
  • Detailed Outlook : Europe Office Furniture Market Industry Analysis : (Manufacturers, Raw Material Outlook, New Products, Ongoing Researches, End User Analysis, Manufacturing Models, Demand Analysis for Each End User Industry, Govt. Norms, Market Dynamics etc.)

Europe Office Furniture Market Dynamics

Europe Office Furniture Market: Growth Drivers

  • Recent innovations in design concepts and development of efficient and cost effective office furniture are likely to drive the growth of the market during the forecasted period. Apart from this rising trend of utilization of minimalistic office furniture is envisioned to encourage the growth of European Office furniture.
  • The advent of smart office furniture, environment-friendly furniture, multifunctional furniture and ready to assemble furniture is popular emerging trend in the market. Such innovations are beneficial and have a high value proposition and are highly expensive, this propels the demand for contract furniture and furnishing as they are more affordable, discouraging investments in new furniture.

Europe Office Furniture Market: Market Challenges

  • High costs associated with high cost of raw materials of smart office furniture and stringent environment regulations by the government are some of the factors which are likely to challenge the growth of office furniture.

Europe Office Furniture Market: Market Trends

  • We can analyze that the office spaces are undergoing a lot of transformation; this is done with the reasons so that companies can earn profits and can also expand their product portfolio. This transformation includes increasing demand for “informal meeting spaces” and cafeteria/leisure areas. Soft benching/Sofas are in increasing demand as far as seating is concerned with High adjustable tables. Technological integrated products are expanding in the office environment. This is the ongoing trend in the country.

Europe Office Furniture Market Segmentation Analysis

Despite the range of competition available for different products, wood furniture still remains the dominant market for to thrive in the market. Wood is the preferred material over the others because it is plentiful and cheap, plus it is affordable at all prices and it is pleasant looking. Wood remains a viable option for furniture. The same is the case for tropical wood as it is plentiful and durable, can solve multiple purposes. Italy, Denmark and Germany are the key target areas for the office furniture. If we consider international best practice models in the relative furniture industries of Italy, Denmark and Germany, there is one common ingredient; a common sense of purpose and identity despite intense firm rivalry and a diverse production base. This means informal agreement among companies to adopt a common market position in terms of price and quality.

For example, Italian furniture has a high reputation for design quality and commands higher prices for that reason. Similarly, German manufacturers have a reputation for quality and technical performance and can also command a premium. Denmark has an image for wood craftsmanship and Danish design also commands a premium. The dominant force in the European market tends to be Italy. The Udine province specifically opted for a proactive policy of conquering the market instead of being dependent on it. This province produces 50 per cent of Europe’s chair production, 80 per cent of Italy’s chair production, produces 40 million seats annually and supports 1,200 firms with 14,000 employees. The success of this province is based on the concept of networking and cluster development of the 1,200 firms. Within the province 37 per cent of the firms produce finished goods, 27 per cent semi- finished and components, while 26 per cent of all firms produce for third parties. The home office sector is growing, spurred by changing working styles and the rise in home computer ownership.

Wood is winning ground because ‘concealed’ personal computer (PC) storage is being tailored to match other household furniture. For example, in the United Kingdom the living room sector is performing well as the new home entertainment technology requires well-designed, good quality wooden storage solutions as a replacement for low-cost metal and plastic stands. Furniture outsourcing activity has started to focus on Eastern Europe as an alternative for local networks. This has been one reason for lower import penetration from Asia and Latin America in comparison with the United States.

Office Furniture market: Sales Distribution Data

There were 1,70,000 companies engaged in furniture retailing in the European Union in 2013.The furniture sector encompasses a diverse range of products and markets can be segmented as Office furniture covering furniture items destined to the office environment (accounting for about 10% of the total furniture sales) Contract furniture which includes furniture for public areas such as hotels, restaurants, schools, hospitals, office and airports etc. This segment also overlaps with the both domestic and office segment. The segment accounts for about 10.00% of the total furniture sales. The production and the distribution of office furniture are usually carried out as separate tasks by separate companies. Some manufacturers have their own distribution networks, an increasing trend especially amongst the larger companies or sell directly to consumers. The majority of manufacturers though continue to sell their products to retailers (weather furniture specialists or general retailers). The relationship between the retailers and manufacturers varies widely across countries in Europe, which can be classified as high end or mass market, even within the retailing channel. Office furniture sales takes place in a similar way with the presence of specialists, non- specialists, large scale chains specializing in office supplies and other large scale dealers also operating in the home furniture segment. Almost 20.00% of the respondents declared that they are using e-commerce in some ways (owned or third parties’ web platforms). Around one-half of distributors currently not using e-commerce are planning investments to enter this arena by 2019.The average weight of the e-commerce resulting from the survey (7.00%) is higher than the current estimated average incidence in the office furniture sector in Europe (less than 4.00%).This indicates a fast-growing trend in the use of the web channel by office furniture distributors, especially the ones dealing with small commissions and professionals/individuals.

Main European Importers

% share 2008

France

15

UK

13

Germany

12

Belgium

10

Netherlands

8

 

Europe Exports by Destination

% 2008

European Union

60

New EU Members

5

Norway & Switzerland

10

Russia

5

North America

2

Middle East

5

Asia-Pacific

2

Other Countries

5

 

Europe Exports Outside EU

Million Euros in 2008

Russia

130

United States

110

United Arab Emirates

70

Poland

30

Czech Republic

39

Saudi Arabia

30

Angola

25

Romania

22

Qatar

20

Hungary

20

 

Main European Importers

% share 2008

France

20

UK

13

Germany

12

Belgium

10

Netherlands

8

 

 

2008-Exports

2008-Imports

October 2008

240

180

November 2008

200

180

December 2008

220

120

January 2009

200

140

February 2009

240

180

March 2009

240

140

April 2009

200

120

Effects of Economic Recession on Exports

Major Exporting Countries

% Change 09/08

Germany

-22

Italy

-25

Sweden

-26

United Kingdom

-31

Austria

-8

Effect of Economic Recession on Imports

Major Importing Countries

% change 09/08

France

-19

United Kingdom

-29

Germany

2

Belgium

-25

Netherlands

-20

Breakdown of Production by Segment

Segment

2008 % SHARE

Operative Desking

40.00

Seating

27.30

Filing/Storage

15.50

Communal areas

6.00

Wall to Wall units

5.60

Executive Furnishing

5.50

Company Worksheet with Revenue and Position.

Company Name

Revenue in Million

Position

Revenue in Million

Company Name EU

Steelcase

2614,80

1

474,64

Vitra

Herman Miller

1964,55

2

432,55

Kinnarps

Haworth

167306

3

32051

Poltrona Frau

HNI

141434

4

31804

NOWYsTYL Group

La-Z-Boy

111336

5

29275

Ahrend

Knoll Inc.

88827

6

20625

VS

Global Furniture Group

86240

7

19617

USM

Kimball

57781

8

19029

Sedus

KI

56056

9

15885

Senator

Teknion

43120

10

15129

Bene

Flex steel

40447

11

15012

Konig-Neurath

OFS

28459

12

14302

Flokk

Human scale

21560

13

13840

Dauphine Group

Virco

18973

14

13703

Interstuhi

AIS

14661

15

12913

Martela

Jasper Group

13108

16

12900

Lienhard Office

Kewaunee Scientific Corp

11944

17

11616

Majencia

Exemplis

9486

18

11214

VDB Group

Bush Furniture

8624

19

10885

European Furniture Group

CF Group

8624

20

10720

Profim SP Zoo

Group Lacasse

8624

21

10651

Assmann

Trend way

8624

22

9784

Isku

Tennsco

7330

23

9623

Bisley

MTS Seating

6727

24

9588

Wilkhahn

Inscape

6468

25

9570

Top star

May line

6468

26

9230

Palmberg

Nucraft

4484

27

9124

Holmris Hansen

Artopex

4312

28

8769

Sokoa Group

Bestar

4312

29

8500

C+p

Foliot Furniture

4312

30

8321

Pedrali

Nemschoff Chairs

4312

31

8293

Brunner

Imperial Woodworking

3450

32

8100

Ergo data

Indiana Furniture

3450

33

8097

Fritz Hansen

Nightingale Corp

3450

34

8029

Walter Knoll AG

T.J.Hale

3450

35

7453

Unifor Spa

 

Company

Position

Sales in Million in Europe

Kinnarps Holding

1

418.46

Steelcase

2

350.29

Vitra Holdings

3

320.38

Nowy Styl

4

286.24

Royal Ahrend

5

279.58

Haworth INC

6

201.64

USM Holdings

7

186.37

Sedus Stoll AG

8

182.06

Konig +Neurath

9

150.12

Flokk Holdings

10

138.60

Interstuhi

11

131.28

Lienhard Office Group

12

129.00

Bene

13

128.92

Dauphin Office Interiors

14

127.20

Senator International

15

124.46

Majencia

16

113.84

Martela

17

113.29

VBD Groupe B.V.

18

112.14

EFG Holdings

19

108.02

Herman Miller

20

106.96

Assmann Buromobel

21

106.51

Isku Interior

22

97.84

Wilkhahn Group

23

95.88

Top star

24

93.79

Palmberg

25

92.30

Bisley Office

26

91.55

Holmris Hansen

27

91.24

Sokoa Group

28

86.15

Profim

29

85.76

Brunner Holding

30

81.28

Key Market Players of Europe Office Furniture Market

The most prominent companies profiled in the article are

  • Vitra,
  • Kinnarps,
  • Poltrona Frau,
  • NowyStyl Group,
  • Ahrend,
  • VS,
  • USM Holdings,
  • Vitra Holdings,
  • Sedus Stoll AG,
  • Konig +Neurath A,
  • Flokk Holdings,
  • Interstuhl, etc

COVID-19 impact on "Europe Office Furniture Market"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Europe Office Furniture Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

For a full detailed overview, send here request for market report sample.

Key questions answered in this research report

  • What is the total market size by 2035 and what would be the expected growth rate of sales?
  • What are the total sales in 2018-19 and what would be the expected demand over the forecast period?
  • What are the recent developments and business strategy of companies?
  • What are the market opportunities for the existing and entry level players?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?

Reasons to buy this market study

  • Europe Office Furniture Market Facilitate decision-making based on strong historic and forecast data for
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  • Position yourself to gain the maximum advantage of the Reasons to buy this market study
  • Europe Office Furniture Market Facilitate decision-making based on strong historic and forecast data for
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the Europe Office Furniture Market’s growth potential
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  • Respond to your competitor’s business structure, strategy and prospects’s growth potential



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Europe Office Furniture Market Outlook 2019-2035 : Market Size, Trends, Growth, Opportunities | COVID-19 Impact Analysis

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