COVID-19 Impact & Recovery Analysis- Furniture and Furnishing Market in Europe 2019-2023 | Introduction of Smart Furniture to Boost Growth | Technavio

Technavio has been monitoring the furniture and furnishing market in Europe and it is poised to grow by USD 5.86 billion during 2019-2023, progressing at a CAGR of 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Contract Furniture and Furnishing Market in Europe 2019-2023 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please request Latest Free Sample Report of 2020-2024 on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Haworth Inc., Herman Miller Inc., Kinnarps AB, Knoll Inc., and Steelcase Inc. are some of the major market participants. The introduction of smart furniture will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The introduction of smart furniture has been instrumental in driving the growth of the market.

Furniture and Furnishing Market in Europe 2019-2023: Segmentation

Furniture and Furnishing Market in Europe is segmented as below:

• End-user
  • Hospitality and Food Services
  • Offices and Home Offices
  • Retail Stores
  • Institutions
  • Others
• Geographic Landscape
  • Germany
  • France
  • The UK
  • Rest of Europe

To learn more about the global trends impacting the future of market research, download latest free sample report of 2020-2024: https://www.technavio.com/talk-to-us?report=IRTNTR31732

Furniture and Furnishing Market in Europe 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our furniture and furnishing market in Europe report covers the following areas:

• Furniture and Furnishing Market Size in Europe
• Furniture and Furnishing Market Trends in Europe
• Furniture and Furnishing Market Analysis in Europe

This study identifies increasing introduction of smart furniture as one of the prime reasons driving the furniture and furnishing market growth in Europe during the next few years.

Furniture and Furnishing Market in Europe 2019-2023: Vendor Analysis

We provide a detailed analysis of vendors operating in the furniture and furnishing market in Europe, including some of the vendors such as Haworth Inc., Herman Miller Inc., Kinnarps AB, Knoll Inc., and Steelcase Inc. Backed with competitive intelligence and benchmarking, our research reports on the furniture and furnishing market in Europe are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Furniture and Furnishing Market in Europe 2019-2023: Key Highlights

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will assist furniture and furnishing market growth in Europe during the next five years
• Estimation of the furniture and furnishing market size in Europe and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the furniture and furnishing market in Europe
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of furniture and furnishing market vendors in Europe

Table Of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Preface
• 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY END-USER

• Market segmentation by end-user
• Comparison by end-user
• Hospitality and food services - Market size and forecast 2018-2023
• Offices and home offices - Market size and forecast 2018-2023
• Retail stores - Market size and forecast 2018-2023
• Institutions - Market size and forecast 2018-2023
• Others - Market size and forecast 2018-2023
• Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• Germany - Market size and forecast 2018-2023
• France - Market size and forecast 2018-2023
• UK - Market size and forecast 2018-2023
• Rest of Europe - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Increased preference for multi-functional furniture
• Increased preference for customized furniture
• Increased introduction of smart furniture
• Other trends

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario
• Comparative analysis of key vendors

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Haworth Inc.
• Herman Miller Inc.
• Kinnarps AB
• Knoll Inc.
• Steelcase Inc.

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200706005469/en/