Furniture Retailing in Europe

CSIL Market Research Report ‘Furniture retailing in Europe’ offers an in-depth analysis of the home furniture distribution in 13 European countries (Austria, Belgium, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Spain, Sweden, Switzerland, and the United Kingdom) with trends in home furniture consumption, market forecasts, data by country, analysis by distribution channel, retail formats and sales performances of leading home furniture retailers.

This report aims to provide information on the following topics:

• Value of the home furniture market and its historical and forecasted trends in Europe and for each considered market

• The main structural changes affecting the sector (e.g. concentration process, the impact of large scale organized specialist distribution)

• Market share of each distribution channel

• Country peculiarities in furniture retailing

• Listing the leading home furniture retailers by home furniture sales, in Europe and for each considered country

• Identifying the most important and recent retailers M&A operations affecting the furniture market

STRUCTURE OF THE REPORT

SECTION I. Basic data and overview of the European home furniture market trends, its main demand determinants and the distribution channel's structure.

The section also presents the ranking of the 30 leading retailers by home furniture sales in Europe, the full sample of leading furniture retailers active in Europe with summary tables and characteristics of the selection of companies for which is available a detailed profile in the report. Significant mergers, acquisitions, agreements that occurred in the last 5 years among leading furniture retailers are also provided.

SECTION II. Each country chapter provides basic data on consumption trends, furniture segments, imports, the structure of the distribution channels and detailed company profiles of the leading furniture retailers operating on the reference markets.

Profiles include basic data (total revenues, estimated home furniture revenues, employees, number of stores), type of retailing format, product specialization, brands, online sales, and other information. Contact details (website and email address) are also provided.

CSIL worked on an extensive data gathering, including market data and detailed financial figures for around 275 retailers (the main actors operating in Europe).

Over 600 furniture retailers and buying groups, of which 160 with detailed profile are mentioned in the study.

Home furniture market is broken down by distribution channel: Organized specialist distributors (furniture chains, franchises, buying groups); Independent furniture retailers; Non specialist distributors (department stores, multi-stores, DIY); e-commerce; Other (direct sales and craftsmen).

The estimate of online share is available for markets included in the report.

Furniture segments included: Kitchen furniture, Upholstered furniture, Dining and living rooms, Non-upholstered seats, Bedrooms, Mattresses, Other furniture.

Timeframe considered: 2012-2021 (preliminary data) and furniture market forecasts in real terms for 2022 and 2023.

Highlights:

The European furniture market registered a decrease of 1% in 2020 over 2019, which was more than compensated in 2021 with a growth of over 10%, reaching almost EUR 140 billion. Europe still plays a key role in the global furniture market, being the second-largest market coming after the Asia Pacific and before North America. Within Europe, the largest markets are Germany, the UK, France, and Italy, absorbing altogether over 60% of the total European furniture consumption.

During the last decade, the furniture retailing sector has experienced structural changes. Looking at the past three years in particular, the pandemic accelerated a massive change in consumers behaviour, with an unprecedented increase in online sales. It is reasonable to assume that e-commerce will retain its relevance even after the crisis.

Selected companies mentioned:

Amazon, De Mandemakers, DFS, Fournier, Groupe Adeo, Howden Joinery, IKEA, John Lewis, Kingfisher, La Redoute, Lars Larsen, Maisons du Monde, Migros, Mondo Convenienza, Otto Group, Poltronesofà, Sainsbury's / Home Retail, Schmidt Grupe, Segmüller Gruppe, Steinhoff International, Sun Capital, Wayfair, XXXLutz.