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France Furniture Market, Size, Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 115 Pages
  • March 2023
  • Region: France
  • Renub Research
  • ID: 5758516

France Furniture Industry was US$ 16.27 Billion by 2022

France Furniture Market will capture US$ 20.73 Billion by 2028 it is expected to grow by 4.12% CAGR during the forecast period 2022-2028, according to the publisher. France, ranked as the third-largest furniture production market in Europe and the seventh-largest in the world, is a prominent player in the international furniture industry and is taking a leadership role in post-pandemic Europe. With a rich history of craftsmanship and high-quality design, the furniture industry is a significant sector in French economy, encompassing a diverse range of manufacturers ranging from small, independent artisans to large multinational corporations.

French country style is globally popular due to its comfortable and casual elegance, characterized by a blend of rustic and refined decor inspired by the homes in the French countryside. The French government actively supports the furniture industry through various initiatives, such as research and development programs, financial assistance for small and medium-sized enterprises, and tax incentives for sustainable production practices. According to this research report, France Furniture Industry was US$ 16.27 Billion by 2022.

Online Sales is Growing in the Market

The popularity of online furniture sales is on the rise in France, with customers opting for the convenience of shopping online over visiting physical stores. With the widespread use of smartphones and increased internet penetration, consumers can now browse and purchase products from anywhere, anytime. This trend has led many vendors to shift their business operations to online platforms.

Online home decor vendors also offer hassle-free home delivery options, adding to the convenience factor for customers. The availability of detailed product catalogs and defined categories on e-commerce platforms, along with the ease and comfort of online shopping, are expected to drive the growth of this market in the foreseeable future. In France, three major furniture players dominate the industry, collectively accounting for almost half of the furniture market. The largest market share is held by Ikea, followed by Conforama and But.

Despite the growing trend of online sales in the furniture industry in France, offline sales continue to hold significant importance. Offline sales refer to in-person transactions that occur in brick-and-mortar retail locations. For many consumers, the ability to physically see and feel furniture before making a purchase is crucial, and offline sales allow retailers to display their products and offer top-notch customer service. Therefore, offline sales remain a valuable aspect of the furniture industry in France.

Living Room Furniture is creating more demand in France

The furniture market in France is segmented into various categories, including Bedroom Furniture, Home Décor, Home Office Furniture, Kitchen & Dining Furniture, Lamps & Lighting, Living Room Furniture, and Outdoor Furniture. Among these categories, the living room furniture industry in France is a crucial component of the overall furniture sector. This category encompasses furniture items such as sofas, armchairs, coffee tables, entertainment units, and other pieces designed to furnish living rooms or family rooms. In recent times, there has been an increasing inclination towards eco-friendly and sustainable living room furniture, as consumers becomes increasingly aware of their impact on the environment.

The kitchen and dining furniture industry forms a significant segment of the larger furniture sector in France. This industry boasts of diversity, with several manufacturers and retailers offering a wide range of styles and designs, ranging from traditional to modern and contemporary. One of the primary drivers of growth in the kitchen and dining furniture industry in France is the rising demand for eco-friendly and sustainable products.

Wood Furniture will hold Maximum Market

By Material, The France Furniture Market was classified into Plastic, Wood, Metal and Others. The wood furniture industry plays a crucial role in the overall furniture sector in France, encompassing a diverse array of wood-based products, including tables, chairs, cabinets, and bed frames. French wood furniture is celebrated for its superior quality, longevity, and refinement.

An emerging trend in the wood furniture industry in France is the adoption of sustainable and eco-friendly materials. Numerous manufacturers are sourcing wood from responsibly managed forests and incorporating other environmentally friendly materials like natural oils and finishes into their products. Ready-to-assemble and multi-functional wooden products are also making significant contributions to enhancing home interiors.

Increasing Demand for Office Furniture is driving the Market

The furniture industry is segmented by type into residential and commercial categories. The increasing number of startups is expected to significantly drive the demand for commercial furniture during the forecast period. Commercial furniture includes desks, chairs, storage cabinets, and other items commonly used in workplaces. The demand for multi-functional office furniture has risen due to shrinking office spaces and the high cost of commercial leases.

Furthermore, customized office furniture is becoming more popular as some organizations prefer to have interiors that reflect their theme and work culture. The rising popularity of online furniture stores and increased mergers and acquisitions are expected to further boost market growth in the forecast period.

The residential segment of the furniture market holds a significant share, mainly due to the high demand for sofa sets and chairs among residential customers to meet their seating requirements in homes and backyards. Moreover, the increasing rate of urbanization and the growing number of nuclear families worldwide are also contributing to the growth of this segment.

Key Industry Players

Roche Bobois, IKEA, Maisons du Monde, MillerKnoll, Inc. and La-Z-Boy Inc. are among the major market players in the France furniture market.

In June 2022, Roche Bobois Antibes, the flagship store of the South Region, reopened its doors to the public after undergoing a complete renovation. The store spans over 1,800 square meters and boasts a revamped interior architecture that fully showcases the brand's international design codes.

In June 2022, Herman Miller and Studio 7.5 collaborated to launch a new office chair named Zeph, which draws inspiration from the iconic Eames design. Zeph is an ergonomic and customizable chair available in a range of vibrant colors, suitable for any workspace.

This report titled “France Furniture Market & Forecast by Ordering Method (Online Furniture Market, Offline Furniture Market), by Segments (Bedroom Furniture Home Décor, Home Office Furniture, Kitchen & Dining Furniture, Lamps & Lighting, Living Room Furniture, Outdoor Furniture), By Material (Plastic, Wood, Metal, Others), By Type (Residential, Commercial), Companies (Roche Bobois, IKEA, Maisons du Monde, MillerKnoll, Inc. and La-Z-Boy Inc.)” provides a complete analysis of furniture industry in France.

Ordering Method - Market Breakup from 2 viewpoints

1. Online
2. Offline

Segment - Market Breakup from 7 viewpoints

1. Bedroom Furniture
2. Home Décor
3. Home Office Furniture
4. Kitchen & Dining Furniture
5. Lamps & Lighting
6. Living Room Furniture
7. Outdoor Furniture

Material - Market Breakup from 4 viewpoints

1. Plastic
2. Wood
3. Metal
4. Others

Type - Market Breakup from 2 viewpoints

1. Residential
2. Commercial

All companies covered from 3 viewpoints

  • Overviews
  • Recent Developments
  • Revenues

Company - Market Breakup from 5 viewpoints

1. Roche Bobois
2. IKEA
3. Maisons du Monde
4. MillerKnoll, Inc.
5. La-Z-Boy Inc.

Table of Contents

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics
4.1 Market Drivers
4.2 Challenges

5. Porter’s Five Forces
5.1 Bargaining Power of Buyers
5.2 Bargaining Power of Suppliers
5.3 Degree of Competition
5.4 Threat of New Entrants
5.5 Threat of Substitutes

6. France Furniture Market & Forecast

7. Market Share - France Furniture Analysis
7.1 By Ordering Method
7.2 By Segment
7.3 By Material
7.4 By Type

8. Ordering Method - France Furniture Market
8.1 Online Furniture Market
8.2 Offline Furniture Market

9. Segment - France Furniture Market
9.1 Bedroom Furniture
9.2 Home Décor
9.3 Home Office Furniture
9.4 Kitchen & Dining Furniture
9.5 Lamps & Lighting
9.6 Living Room Furniture
9.7 Outdoor Furniture

10. Material - France Furniture Market
10.1 Plastic
10.2 Wood
10.3 Metal
10.4 Others

11. Type - France Furniture Market
11.1 Residential
11.2 Commercial

12. SWOT Analysis
12.1 Strengths
12.2 Weaknesses
12.3 Opportunities
12.4 Threats

13. Import Regulations

14. Mergers & Acquisitions

15. Company Analysis
15.1 Roche Bobois
15.1.1 Overview
15.1.2 Recent Developments
15.1.3 Revenue Analysis
15.2 IKEA
15.2.1 Overview
15.2.2 Recent Developments
15.2.3 Revenue Analysis
15.3 Maisons du Monde
15.3.1 Overview
15.3.2 Recent Developments
15.3.3 Revenue Analysis
15.4 MillerKnoll, Inc.
15.4.1 Overview
15.4.2 Recent Developments
15.4.3 Revenue Analysis
15.5 La-Z-Boy Inc.
15.5.1 Overview
15.5.2 Recent Developments
15.5.3 Revenue Analysis

List of Figures:
Figure 01: France - Furniture Market (Billion US$), 2018 - 2022
Figure 02: France - Forecast for Furniture Market (Billion US$), 2023 - 2028
Figure 03: Ordering Method - Online Furniture Market Market (Billion US$), 2018 - 2022
Figure 04: Ordering Method - Forecast for Online Furniture Market Market (Billion US$), 2023 - 2028
Figure 05: Ordering Method - Offline Furniture Market Market (Billion US$), 2018 - 2022
Figure 06: Ordering Method - Forecast for Offline Furniture Market Market (Billion US$), 2023 - 2028
Figure 07: Segment - Bedroom Furniture Market (Billion US$), 2018 - 2022
Figure 08: Segment - Forecast for Bedroom Furniture Market (Billion US$), 2023 - 2028
Figure 09: Segment - Home Décor Market (Billion US$), 2018 - 2022
Figure 10: Segment - Forecast for Home Décor Market (Billion US$), 2023 - 2028
Figure 11: Segment - Home Office Furniture Market (Million US$), 2018 - 2022
Figure 12: Segment - Forecast for Home Office Furniture Market (Million US$), 2023 - 2028
Figure 13: Segment - Kitchen & Dining Furniture Market (Billion US$), 2018 - 2022
Figure 14: Segment - Forecast for Kitchen & Dining Furniture Market (Billion US$), 2023 - 2028
Figure 15: Segment - Lamps & Lighting Market (Billion US$), 2018 - 2022
Figure 16: Segment - Forecast for Lamps & Lighting Market (Billion US$), 2023 - 2028
Figure 17: Segment - Living Room Furniture Market (Billion US$), 2018 - 2022
Figure 18: Segment - Forecast for Living Room Furniture Market (Billion US$), 2023 - 2028
Figure 19: Segment - Outdoor Furniture Market (Billion US$), 2018 - 2022
Figure 20: Segment - Forecast for Outdoor Furniture Market (Billion US$), 2023 - 2028
Figure 21: Material - Plastic Market (Billion US$), 2018 - 2022
Figure 22: Material - Forecast for Plastic Market (Billion US$), 2023 - 2028
Figure 23: Material - Wood Market (Billion US$), 2018 - 2022
Figure 24: Material - Forecast for Wood Market (Billion US$), 2023 - 2028
Figure 25: Material - Metal Market (Billion US$), 2018 - 2022
Figure 26: Material - Forecast for Metal Market (Billion US$), 2023 - 2028
Figure 27: Material - Others Market (Billion US$), 2018 - 2022
Figure 28: Material - Forecast for Others Market (Billion US$), 2023 - 2028
Figure 29: Type - Residential Market (Billion US$), 2018 - 2022
Figure 30: Type - Forecast for Residential Market (Billion US$), 2023 - 2028
Figure 31: Type - Commercial Market (Billion US$), 2018 - 2022
Figure 32: Type - Forecast for Commercial Market (Billion US$), 2023 - 2028
Figure 33: Roche Bobois - Global Revenue (Million US$), 2018 - 2022
Figure 34: Roche Bobois - Forecast for Global Revenue (Million US$), 2023 - 2028
Figure 35: IKEA - Global Revenue (Billion US$), 2018 - 2022
Figure 36: IKEA - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 37: Maisons du Monde - Global Revenue (Billion US$), 2018 - 2022
Figure 38: Maisons du Monde - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 39: MillerKnoll, Inc. - Global Revenue (Billion US$), 2018 - 2022
Figure 40: MillerKnoll, Inc. - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 41: La-Z-Boy Inc. - Global Revenue (Billion US$), 2018 - 2022
Figure 42: La-Z-Boy Inc. - Forecast for Global Revenue (Billion US$), 2023 - 2028

List of Tables:
Table 01: France - Furniture Market Share by Ordering Method (Percent), 2018 - 2022
Table 02: France - Forecast for Furniture Market Share by Ordering Method (Percent), 2023 - 2028
Table 03: France - Furniture Market Share by Segment (Percent), 2018 - 2022
Table 04: France - Forecast for Furniture Market Share by Segment (Percent), 2023 - 2028
Table 05: France - Furniture Market Share by Material (Percent), 2018 - 2022
Table 06: France - Forecast for Furniture Market Share by Material (Percent), 2023 - 2028
Table 07: France - Furniture Market Share by Type (Percent), 2018 - 2022
Table 08: France - Forecast for Furniture Market Share by Type (Percent), 2023 - 2028

Companies Mentioned

  • Roche Bobois
  • IKEA
  • Maisons du Monde
  • MillerKnoll, Inc.
  • La-Z-Boy Inc.

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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