According to Facts & Factors, the Europe Sofa and Chair Market size in terms of revenue was worth around USD 74 billion in 2019 and is expected to reach USD 122 billion by 2026, growing at a CAGR of 6% from 2020 to 2026. The Europe Sofa and Chair market is projected to grow at a significant growth rate due to a number of driving factors.
Market Overview:
Sofas and chairs are essential pieces of furniture that you can find in homes, offices, and many places that serve food and drink. Europe is an essential part of the sofa and chair business, both in terms of how they are made and how much they are worth on the world market.
Europe is one of the best places to make sofas and chairs, and some of the most well-known market players are based there. It is thought that Italy, Germany, and France are the main countries in the world that export sofas and chairs. Europe has a long history of making furniture, and the top companies in this market combine classic and traditional designs with new and innovative technologies. This helps skilled workers find jobs and puts Europe at the top of the global furniture market.
The market for Europe Sofas and Chair is largely driven by exports from Europe, especially from Italy, Germany, and the UK. The growth of the market in the area is helped by the fact that sofas and chairs are exported at a rate of 60%. These countries are known around the world for their beauty and traditional designs that are of high quality and have a good name.
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To keep the international market, businesses focus on 3D technologies that are in high demand in other countries. The sofa and chair industry in the area has grown thanks to big investments in technology and a business model that focuses on industrial districts. Also, more money in the pockets of working people around the world and a better quality of life are likely to increase demand for the market.
The market demand went up because more homes and businesses were being built and because more people were buying new homes and offices. But it is thought that the aging of skilled workers will be a big problem in the sofa and chair market. Also, the market can’t grow as fast as it could because labour costs in Europe are higher than in other parts of the world.
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Still, the introduction of sofas and chairs that can be used for more than one thing, take up less space, and meet the needs of more than one user gives the market several ways to grow. The growing number of millennials who want to live in smaller apartments is a good sign for the sofa and chair market.
The fabric sofa is expected to take over the market because there are so many fabrics on the market. Some of the big players also have a feature where the customer can choose the style, pattern, and colour of the fabric to make the sofa their own. Given how often it is used in businesses and organizations, the armchair is likely to keep a share of the market.
The chair’s armrest lets you rest your hands on the rest of the chair, which keeps them from getting tired from doing work or other tasks while sitting on the chair. People like the classic style because of its beautiful architecture, and it is used more and more in offices and hotels as well as in companies and business spaces.
Some key players in the Europe Sofa and Chair Market are as follows:
- Roche Bobois
- Artek
- BoConcept
- Tom Dixon
- B&B Italia
- Poltrona Frau
- Ligne Roset
- Fritz Hansen
- Luxxu
- Boca Do Lobo
Segmentation Analysis
Europe Sofa and Chair Market: By Sofa Type
- Leather Sofa
- Fabric Sofa
- Wood Sofa
- Others
Europe Sofa and Chair Market: By Chair Type
- Backrest Chair
- Multifunctional Chair
- Folding Chair
- Lounge Chair
- Arm Chair
- Others
Europe Sofa and Chair Market: By Material
- Fabric
- Leather
- Others
Europe Sofa and Chair Market: By Style
- Modern
- Classic
Europe Sofa and Chair Market: By Usage
- Private Home
- Office Usage
- Indoor
- Outdoor
Europe Sofa and Chair Market: By Application
- Household
- Commercial
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