Germany Home Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Germany is the leading market both as furniture consumer and as furniture importer among the Western European countries. Home furniture forms an integral part of home decor and furnishings in living rooms of consumers. The intensifying focus on decorating their living spaces with creative pieces of furniture innovative design is a key factor boosting the home furniture market. Consumers seek quality designs at premium prices and to achieve greater individualism or simply distinction in lifestyle. On the other hand, an increasing number of single households are looking for basic kitchen, living and bedroom furniture configurations. Modern work‐life concepts continue to have an impact on the home furniture market.

Key Market Trends

Rising Construction Activities Driving the Market

Germany is Europe's leading construction market and home to the continent's largest building stock. An increase in construction activities is one of the major driving growth factors for the Germany home office furniture market. As more and more construction activity is happening in the housing and residential sector, the need for people to work from home plus setting up some entrepreneurial activity is leading to rising demand for furniture which provides comfort to them at affordable prices. Rapidly increasing household and commercial construction projects is one of the key factor projected to drive growth of the Germany home furniture market.

Bedroom Furniture Segment

Bedroom furniture consists of relaxing beds, integrated with coordinating bedside tables, drawers, and wardrobes. Single person residences are smaller than nuclear joint family homes and may not have separate rooms for dining and other purposes. Therefore, they have different furniture needs, requiring space-efficient and multifunctional furniture. Moreover, improvement in standard of living is expected to drive the bedroom furniture market during the forecast period.

Competitive Landscape

The report covers major international players operating in the Germany Home Furniture Market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support