Europe Sofa and Chair Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[190+ Pages Report] According to the report published by Facts Factors, the global europe sofa and chair market size was worth around USD 74 billion in 2019 and is predicted to grow to around USD 122 billion by 2026 with a compound annual growth rate (CAGR) of roughly 6% between 2020 and 2026. The report analyzes the global europe sofa and chair market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the europe sofa and chair market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Europe Sofa and Chair industry. The report analyzes and declares the historical and current trends analysis of the Europe Sofa and Chair industry and subsequently recommends the projected trends anticipated to be observed in the Europe Sofa and Chair market during the upcoming years.

The Europe Sofa and Chair market report analyzes and notifies the industry statistics at the global as well as regional and country levels to acquire a thorough perspective of the entire Europe Sofa and Chair market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volumes (Units) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• As per the details shared by our primary respondents, the Europe Sofa and Chair market is expected to grow annually at a CAGR of around 6%.
• Primary analysis has shown that the European Sofa and Chair industry was estimated at about USD 74 billion in 2019.
• According to the segmentation of the sofa type, the fabric sofa type was projected to have a higher market share in the year 2019.
• In the chair type category, the armchair had a highest share in the year 2019.
• In 2019, the fabric material added the highest share along with the classic style.
• Office usage and Commercial applications became the most potent categories in the year 2019.

Key Recommendations from Analysts

• According to our researchers, consumer demand for Europe Sofa and Chair is on the rise owing to the growth in Work From Home activities.
• Many well-known companies have proclaimed Work From Home for more than a year, as a result of which people purchase chairs and sofas as a convenient sitting choice at home.
• Rising about 6% in the CAGR, the Sofa and Chair market offers ample prospects for growth for all of the participating investors and shareholders across the entire value chain.
• Technical advances such as the advent of AI and machine learning, making them multifunctional, offer a range of growth opportunities for the industry.
• Our analysts have described the "Multifunctional Chair" and the "Indoor" segment as the leading investment pocket for the European Sofa and Chair industry, respectively, in terms of chair form and use.

Technology Roadmap

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Europe Sofa and Chair industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Europe Sofa and Chair industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Europe Sofa and Chair market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Europe Sofa and Chair industry. The Europe Sofa and Chair market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Europe Sofa and Chair sector. Key strategic developments in the Europe Sofa and Chair market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Europe Sofa and Chair market are appropriately highlighted in the report.

The Sofa and Chair are considered to be the most common piece in the furniture and are available in various shapes and designs, and offers several fabric materials for the consumers to choose from. The growing demand for sofa and chair for homes and offices along with the surging income of the working class along with several distributors spread in various countries of the European region has significantly contributed to the growth of the market. The use of advanced technology for retaining the brand value in the international market along with increasing the output has accelerated the market demand. The introduction of multifunctionality features making the sofa and chair more comfortable and more purposeful has provided good growth opportunities for the market in the coming years.

Report Scope

The Europe Sofa and Chair market are segmented based on Sofa Type, Chair Type, Material, Style, Usage, and Application. As per sofa type segmentation, the market is divided into Leather Sofa, Fabric Sofa, Wood Sofa, and Others. Based on chair type segmentation, the market is classified into Backrest Chair, Multifunctional Chair, Folding Chair, Lounge Chair, Arm Chair, and Others. In terms of material, the market is bifurcated into leather, fabric, and Others. As per style analysis, the market is divided into Modern and Classic. Based on Usage, the market is categorized into Private Home, Office Usage, Indoor, Outdoor. As per the application type, the market is bifurcated into Household and Commercial.

The Europe Sofa and Chair market research report delivers an acute valuation and taxonomy of the Europe Sofa and Chair industry by practically splitting the market based on different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

The regional segmentation of the Europe Sofa and Chair industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Europe Sofa and Chair industry is provided for the leading economies of the world.

Some of the leading players in the global market include

•  Roche Bobois
•  Artek
•  BoConcept
•  Tom Dixon
•  B&B Italia
•  Poltrona Frau
•  Ligne Roset
•  Fritz Hansen
•  Luxxu
•  Boca Do Lobo

The taxonomy of the Europe Sofa and Chair industry by its scope and segmentation is as follows:

By Sofa Type Segmentation Analysis

• Leather Sofa
• Fabric Sofa
• Wood Sofa
• Others

By Chair Type Segmentation Analysis

• Backrest Chair
• Multifunctional Chair
• Folding Chair
• Lounge Chair
• Arm Chair
• Others

By Material Segmentation Analysis

• Fabric
• Leather
• Others

By Style Segmentation Analysis

• Modern
• Classic

By Usage Segmentation Analysis

• Private Home
• Office Usage
• Indoor
• Outdoor

By Application Segmentation Analysis

• Household
• Commercial

By Regional Segmentation Analysis

• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe