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

Upholstered furniture is one of the fastest-growing segments among the European furniture industry, and the market is projected to register a CAGR of more than 5% during the forecast period 2021-2026.

The outbreak of the coronavirus disease (COVID-19) acted as a massive restraint on the upholstered furniture manufacturing market in the European region in 2020. It has disrupted supply chains, caused a shortage of materials, and terminated contracts to control expenses. The lack of labor is also hampering the overall upholstered furniture market growth in the European region. This may slow down the industry growth during the forecast timeframe. Sales dropped due to consumers had little opportunity to explore the products.

Upholstered furniture offers a lot of cushions with foam, and it is always enclosed in fabric or leather. It also has a steel or wooden frame on the top of which springs are attached before cushions being arranged. Upholstered furniture is the product where fabric is in close contact with padding materials such as seats and other internal surfaces. Because of the fine finishing, the furniture has the perfect color combination, design, and patterns. An increase in consumers' purchasing power has led to the development of this market in leaps and bounds. Improvements in the standard of living of people and changing lifestyles are also driving the demand for such furniture in the market. An increase in building construction also supports the industry, as new homes are built and have new furniture requirements. The popularity of modern and contemporary furniture is expected to favor the market over traditional 3-piece suites. Other trends include modular and flexible furniture that allows consumers to have open living areas and spaces. There are numerous innovations and developments in the fabric industry that drive the selection of upholstered fabric among consumers in the European region. In terms of color, neutral and plain color fabrics stand at the core and are expected to remain popular in the medium term in many parts of Europe. Grey, beige, and cream shade fabrics are preferred by consumers in the upholstered furniture market.

Key Market Trends

Growing Demand for Home Furniture Products through E-commerce

Online home furniture sales are expected to see upward growth worldwide, and Europe is also witnessing a surge in online sales of home furniture products. For instance, in Europe, countries like the United Kingdom are counted as the 5th largest market for furniture purchased online, and these numbers are expected to increase further in fore coming years. One of the key benefits of online retailing is increased choice and a higher level of personalization which stimulates the purchase decisions of customers. The rising digitalization of furniture and interior shopping offers immense potential to retailers, and many players such as IKEA and Amazon are investing heavily to increase their online presence in household e-commerce.

The Residential Segment in the European Region is Driving the Market

Growing disposable income, the increasing urbanization, and the rising focus on aesthetics and urban lifestyles are further leading to higher usage of upholstery furniture products. Fabric creates a first and lasting impression on people, so it is essential that it looks perfect. The upholstered furniture creates luxurious feelings and experiences among consumers with different types of fabric materials, which is responsible for driving this market. Urbanization is augmenting the growth of the market study with all major countries across the world, witnessing a ride in their urban population, which fuels the demand for furniture products like upholstered furniture. The installation of upholstered furniture can improve a home’s appearance and boost its value. Upholstered furniture made from wood and metal with fabric padding materials such as seats and other internal surfaces is gaining popularity among consumers due to its high aesthetic value and durability. The rise in eco-friendly and multifunctional furniture is also supporting market growth in developed economies. Residential remodeling and replacement may continue to account for upholstered furniture demand, as homeowners replace older furniture with newer products that offer enhanced visuals.

Competitive Landscape

The report covers major international players operating in the European upholstered furniture market. In terms of market share, few 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