21-Sep-2020 | Facts and Factors
Findings from Facts and Factors report “Europe Sofa and Chair Market By Sofa Type (Leather Sofa, Fabric Sofa, Wood Sofa, Others) By Chair Type (Backrest Chair, Multifunctional Chair, Folding Chair, Lounge Chair, Arm Chair, Others) By Material (Fabric, Leather, Others) By Style (Modern, Classic) By Usage (Private Home, Office Usage, Indoor, Outdoor) By Application (Household, Commercial): Europe Sofa and Chair Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the demand for Europe Sofa and Chair Market in 2019 was approximately USD 74 Billion. The market is expected to grow at a CAGR of 6% and is anticipated to reach around USD 122 Billion by 2026.
Sofa and Chair are essential parts of furniture that can be found in the homes, offices, and many hospitality businesses. Europe plays a crucial role in the sofa and chair industry in terms of production as well as its trade value in the international market. Europe is among the leading sofa and chair manufacturing region and has some of the renowned market players. Italy, Germany, and France are considered to be the main exporting countries of sofa and chair on a global scale. Europe has a rich history of furniture, and the leading companies of this market combine the classic and traditional design along with modern and innovative technologies, helping skilled workers in getting jobs and leading the region in the global market.
Browse the full “Europe Sofa and Chair Market By Sofa Type (Leather Sofa, Fabric Sofa, Wood Sofa, Others) By Chair Type (Backrest Chair, Multifunctional Chair, Folding Chair, Lounge Chair, Arm Chair, Others) By Material (Fabric, Leather, Others) By Style (Modern, Classic) By Usage (Private Home, Office Usage, Indoor, Outdoor) By Application (Household, Commercial): Europe Sofa and Chair Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/europe-sofa-and-chair-market-by-sofa-type-1324
The market for Europe Sofa and Chair is driven by substantial export from European countries like Italy, Germany, and the United Kingdom. A substantial 60% of the contribution to the export of sofa and chair is boosting the growth of the market in the region. These countries are well-known for their beauty and traditional designs with exceptional quality and reputation in the international market. To retain the international market, companies concentrate on 3D technologies that produce significant demand from foreign markets. Significant investments in technology and a business model focused on industrial districts have fuelled the sofa and chair industry in the region. Also, the rising disposable income of the working class across the globe, along with the rising of a better quality of life is expected to foster the demand for the market. The surging residential and commercial construction activities, along with the purchase of new homes and offices, escalated the market demand.
However, the aging population of skilled laborers is estimated to be a huge hurdle in the sofa and chair market. Moreover, the high labor costs in European countries as compared with other regions in the market hinders the growth of the market. Nevertheless, the introduction of multipurpose sofa and chair that are flexible, taking less space, and satisfying multiple user requirements provides several growth options for the market. The surging demand among millennials for downsized apartments provide lucrative growth opportunities for the sofa and chair market.
The fabric sofa is expected to conquer the industry owing to the excessive range of fabrics commercially available. Some major players also have a feature where the consumer can customize the sofa as they wish by choosing the style, pattern, and color of the fabric. Given its large use in commercial entities and organizations, the armchair is expected to retain a market share. The armrest on the chair serves to position the hands on the rest of the chair which protects it from being stressed by constant work or any other operation performed while seated on the chair. Classic style is much favored by people owing to its attractive architecture and is more commonly used in companies and business premises along with the growing demand for offices and hotels.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 74 Billion |
Projected Market Size in 2026 |
USD 122 Billion |
CAGR Growth Rate |
6% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Roche Bobois, Artek, BoConcept, Tom Dixon, B&B Italia, Poltrona Frau, Ligne Roset, Fritz Hansen, Luxxu, Boca Do Lobo, and Others |
Key Segment |
By Sofa, Chair, Material, Style, Usage, Application, Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs.Explore purchase options |
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 and others
This report segments the Europe Sofa and Chair Market 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
ByStyle Segmentation Analysis
By Usage Segmentation Analysis
- Private Home
- Office Usage
- Indoor
- Outdoor
By Application Segmentation Analysis
By Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Facts & Factors
A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com
