France Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

France is one of the largest furniture markets in Europe. Due to Covid-19, Lockdowns and social distancing measures affect retailers with physical stores more than online retailers and may ultimately accelerate the ongoing shift from brick-and-mortar to online retailing. For example, in France, the market share of e-commerce rapidly increased to almost 10% of total consumer goods sales during the confinement period, compared to less than 6% in 2019.

The home furnishings market in France has been growing year on year till 2017. The decline in the housing, real estate, and construction markets, combined with actions by the social movement, led to a decline in home furnishings in 2018. These factors affected the France furniture industry. However, a return to growth was seen in 2019, as consumers took advantage of bargain prices. Despite all these issues, the future of the furniture market in France is expected to remain positive. Companies like IKEA, Conforama, Nobilia, and Roche Bobois are some of the prominent names in the home furnishings industry, which control chains of stores that offer the complete range of home furnishings under one roof. Rising smartphone numbers, 4G penetration, millennials preferring online viewing compared to store visits, and virtual reality showcase of furniture products are some factors driving the France online furniture market.

Key Market Trends

Increasing Demand for Office Furniture Driving the Market

Office Furniture includes desks, chairs, storage cabinets, and other items typically found in a workplace environment. Shrinking office spaces and the high cost of commercial leases have increased the demand for multi-functional office furniture. Also, the adoption of customized office furniture is rising as some organizations prefer interiors that match their theme and work culture. With the rising number of start-ups, the demand for such furniture is expected to increase significantly during the forecast period. Increased mergers and acquisitions and the rising popularity of online furniture stores will further boost market growth during the forecast period.

Online Sales is Growing in the Market

Online furniture sales in France are growing as customers prefer to shop online instead of going to stores. With smartphones and increasing internet penetration, consumers can now check and buy products online while on the move. This feature has led many vendors to conduct their business operations online. Vendors in the online home decor market also provide hassle-free home delivery options to customers. Factors such as the availability of detailed catalogs with defined product categories on a catalog of most e-commerce platforms and the ease and convenience of online shopping will propel the growth prospects for this market over the forecast period.

Competitive Landscape

The report covers major international players operating in the France Furniture Market. Regarding market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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