THE HIGHLY COMPETITIVE EUROPEAN FURNITURE MARKET
Source: world furniture
According to CSIL(‘Furniture retailing in Europe’ 2024 report), the European retail furniture market is worth EUR 165 billion.
The market exhibited robust growth in 2021, followed by a deceleration in 2022, and a contraction in 2023 (-3.5%).
Europe continues to play an important role in the global furniture market, being the third-largest one in the world after Asia Pacific and North America.
With more than 230 million households and one of the highest per capita consumption levels, Europe accounts for more than a quarter of the global world furniture market.
Its influence is also discernible in production value and extends to market dynamics and international trade values.