Industry Statistics and Trends
Furniture Manufacturing in Europe key trends
Renewed construction investment supports revenue.
The European Construction Industry Federation reports that new investment into housebuilding has risen since the pandemic, supporting furniture makers’ sales.
Poor economic conditions supress commercial construction.
Businesses put off large and expensive projects, like construction projects, when economic conditions are weaker, reducing the number of businesses buying new furniture.
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Furniture Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Furniture Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 4.6 % over the past five years, to reach an estimated €149.3bn in 2024.
Trends and Insights
Housebuilding activity drives furniture sales
- The residential market is a significant earner for furniture manufacturers, so increased activity in the residential construction sub-sector often corresponds to a hike in furniture sales.
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Furniture Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Rising confidence spurs higher discretionary spending
- Discretionary spending budgets tend to follow trends in consumer sentiment levels –they grow when consumers are more confident, supporting spending on furniture products.
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Revenue
€149.3bn
Employees
1m
Wages
€XX.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Furniture Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Inter Ikea Systems BV | 30,051.1 | 2,288.7 | 7.6 | |
Howden Joinery Group plc | 2,856.0 | 504.4 | 17.7 | |
Nobilia-Werke (J Stickling GmbH & Co KG) | 1,754.9 | 131.5 | 7.5 |
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Furniture Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Furniture Manufacturing industry in Europe in 2024?
The market size of the Furniture Manufacturing industry in Europe is €149.3bn in 2024.
How many businesses are there in the Furniture Manufacturing in Europe industry in 2024?
There are 224k businesses in the Furniture Manufacturing industry in Europe, which has grown at a CAGR of 2.2 % between 2019 and 2024.
Has the Furniture Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Furniture Manufacturing industry in Europe has been declining at a CAGR of 2.2 % between 2019 and 2024.
What is the forecast growth of the Furniture Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Furniture Manufacturing industry in Europe is expected to decline.
What are the biggest companies in the Furniture Manufacturing market in Europe?
The biggest companies operating in the Furniture Manufacturing market in Europe are Inter Ikea Systems BV, Howden Joinery Group plc and Nobilia-Werke (J Stickling GmbH & Co KG)
What does the Furniture Manufacturing in Europe include?
Office and shop furniture and Kitchen furniture are part of the Furniture Manufacturing industry.
Which companies have the highest market share in the Furniture Manufacturing in Europe?
The company holding the most market share in Europe is Inter Ikea Systems BV.
Which countries have the most businesses in the Furniture Manufacturing industry in Europe?
The European country with the most businesses in the Furniture Manufacturing industry is Russia.
How competitive is the Furniture Manufacturing industry in Europe?
The level of competition is high and steady in the Furniture Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Furniture Manufacturing in Austria
- Furniture Manufacturing in France
- Furniture Manufacturing in Lithuania
- Furniture Manufacturing in the Netherlands
- Furniture Manufacturing in Hungary
- Furniture Manufacturing in Denmark
- Furniture Manufacturing in Malta
- Furniture Manufacturing in Croatia
- Furniture Manufacturing in Slovenia
- Office & Shop Furniture Manufacturing in the UK
- Office & Shop Furniture Manufacturing in Germany
- Kitchen Furniture Manufacturing in the UK
- Kitchen Furniture Manufacturing in Germany
- Mattress Manufacturing in the UK
- Mattress Manufacturing in Germany
- Other Furniture Manufacturing in Germany
- Furniture Manufacturing in Greece
- Furniture Manufacturing in Romania
- Furniture Manufacturing in Norway
- Furniture Manufacturing in Switzerland
- Furniture Manufacturing in Poland
- Furniture Manufacturing in Ireland
- Furniture Manufacturing in Finland
- Furniture Manufacturing in Bulgaria
- Furniture Manufacturing in Luxembourg
- Furniture Manufacturing in Russia
- Furniture Manufacturing in Slovakia
- Furniture Manufacturing in Turkey
- Furniture Manufacturing in Cyprus
- Furniture Manufacturing in Estonia
- Furniture Manufacturing in Iceland
- Furniture Manufacturing in Europe
- Furniture Manufacturing in Spain
- Furniture Manufacturing in Portugal
- Furniture Manufacturing in Serbia
- Furniture Manufacturing in Belgium
- Furniture Manufacturing in Italy
- Furniture Manufacturing in Czechia
- Furniture Manufacturing in Sweden
- Furniture Manufacturing in Latvia
- Furniture Manufacturing in Bosnia & Herzegovina
Table of Contents
About this industry
Industry definition
Furniture manufacturers produce a range of furniture, including furniture for offices and shops, kitchens, mattresses, sofas, garden furniture, beds, cabinets and drawers. The industry caters for a range of markets, including businesses and consumers.
Related Terms
Woodworking MachineryPlywoodSide-Opening TambourWhat's included in this industry?
Office and shop furnitureKitchen furnitureMattressesCompanies
Inter Ikea Systems BVHowden Joinery Group plcNobilia-Werke (J Stickling GmbH & Co KG)Industry Code
31 - Manufacture of furniture in Europe
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Performance
Key Takeaways
Housebuilding activity drives furniture sales
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Furniture Manufacturing in Europe industry (2011 -2029)
- Employees in the Furniture Manufacturing in Europe industry (2011 -2029)
- Business in the Furniture Manufacturing in Europe industry (2011 -2029)
- Profit in the Furniture Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Furniture Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Furniture Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Furniture Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Furniture Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Furniture Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Furniture Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Furniture Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Larger manufacturers leverage their brands. Established furniture makers continually invest into their designs and presence in the market to grab hold of more of the market.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 11 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Inter Ikea Systems BV
- Countries of operation for Howden Joinery Group plc
- Countries of operation for Nobilia-Werke (J Stickling GmbH & Co KG)
- Countries of operation for Nobia AB
- Countries of operation for Wren Kitchens Ltd
- Countries of operation for Hacker Kuchen GmbH & Co KG
- Countries of operation for Groupe Schmidt
- Countries of operation for Schmidt Groupe
- Countries of operation for Kinnarps AB
- Countries of operation for The Senator Group
- Countries of operation for Sokoa SA
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Furniture must meet safety regulations. For upholstered furniture, manufacturers have to make sure they meet safety requirements relating to the products’ flammability.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Furniture Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Price competition restricts profitability. Furniture manufactures compete with other European producers, as well as low-cost imported products, so competing on price at the expense of profitability helps to secure sales.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Furniture Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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