Key Players are IKEA, Steinhoff International Holdings, JYSK, Bassett, and Roche Bobois
European homeware and home furnishings market has increased significantly during the years 2016-2019, in 2020, the market declined due to COVID-19 and projections are made that the market would rise in the next four years i.e. 2021-2025 tremendously.
The homeware and home furnishings market is expected to increase due to the increasing influence of social media, growing disposable income, rising penetration of e-commerce, growing urbanization, increase in construction activities and increasing millennials and Gen-Z population. Yet, the market faces some challenges such as volatility in the prices of raw material and high degree of completion.
The COVID-19 pandemic had a mixed effect on the European homeware and home furnishings market. It negatively affected the market in 1st and 2nd quarter but the market picked up in 3rd and 4th quarter.
European homeware and home furnishings market is fragmented with many major market players operating worldwide. The key players of the homeware and home furnishings market are IKEA, Steinhoff International Holdings, JYSK, Bassett and Roche Bobois group are also profiled with their financial information and respective business strategies.
Report Scope
This report provides an in depth analysis of the European homeware and home furnishings market by value, by product, by region, etc. The report provides a regional analysis of European homeware and home furnishings market, including the following regions: Western Europe and Eastern Europe. The report also provides a detailed analysis of the COVID-19 impact on the homeware and home furnishings market.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall homeware and home furnishings market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Regional Coverage
- Western Europe
- Eastern Europe
Company Coverage
- IKEA
- Steinhoff International Holdings
- JYSK
- Bassett
- Roche Bobois
Table of Contents
1. Executive Summary
2. Introduction
2.1 Furniture: Overview
2.2 Furniture Production Process: Overview
2.3 Categories of Furniture
2.4 Homeware: Overview
2.5 Home Furnishings: Overview
3. Global Market Analysis
3.1 Global Homeware and Home Furnishings Market: An Analysis
3.1.1 Global Homeware and Home Furnishings Market by Value
4. European Market Analysis
4.1 European Homeware and Home Furnishings Market: An Analysis
4.1.1 European Homeware and Home Furnishings Market by Value
4.1.2 European Homeware and Home Furnishings Market by Region (Western Europe and Eastern Europe
4.1.3 European Homeware and Home Furnishings Market by Segment (Homeware and Home Furnishings)
4.2 European Homeware and Home Furnishings Market: Segment Analysis
4.2.1 European Homeware Market by Value
4.2.2 European Home Furnishings Market by Value
4.2.3 European Home Furnishings Market by Product (Home Furniture, Floor Coverings and Wall Décor and Home Textile)
4.3 European Home Furnishings Market: Product Analysis
4.3.1 European Home Furniture Market by Value
4.3.2 European Floor Coverings and Wall Décor Market by Value
4.3.3 European Home Textile Market by Value
5. European Regional Market Analysis
5.1 Western Europe Homeware and Home Furnishings Market: An Analysis
5.1.1 Western Europe Homeware and Home Furnishings Market by Value
5.1.2 Western Homeware and Home Furnishings Market by Region (Germany, United Kingdom (UK), France, Italy, Spain and rest of Western Europe)
5.1.3 Germany Homeware and Home Furnishings Market by Value
5.1.4 United Kingdom Homeware and Home Furnishings Market by Value
5.1.5 France Homeware and Home Furnishings Market by Value
5.1.6 Italy Homeware and Home Furnishings Market by Value
5.1.7 Spain Homeware and Home Furnishings Market by Value
5.1.8 Rest of Western Europe Homeware and Home Furnishings Market by Value
5.2 Eastern Europe Homeware and Home Furnishings Market: An Analysis
5.2.1 Eastern Europe Homeware and Home Furnishings Market by Value
5.2.2 Eastern Europe Homeware and Home Furnishings Market by Region (Russia, Poland and rest of Eastern Europe)
5.2.3 Russia Homeware and Home Furnishings Market by Value
5.2.4 Poland Homeware and Home Furnishings Market by Value
5.2.5 Rest of Eastern Europe Homeware and Home Furnishings Market by Value
6. Impact of COVID-19
6.1 COVID-19 Impact on Homeware and Home Furnishings Market
6.2 Impact of COVID-19 on Retail Sales
6.3 COVID-19 Impact on Imports and Exports
6.4 COVID-19 Impact on New Orders in the Furniture Industry
7. Market Dynamics
7.1 Growth Drivers
7.1.1 Increasing Influence of Social Media
7.1.2 Growing Disposable Income
7.1.3 Rising Penetration of E-Commerce
7.1.4 Growing Urbanization
7.1.5 Increase in Construction Activities
7.1.6 Increasing Millennials and Gen-Z Population
7.2 Challenges
7.2.1 Volatility in the Prices of Raw Material
7.2.2High Degree of Competition
7.3 Market Trends
7.3.1 Environment Friendly Furnishings
7.3.2 Growing Popularity for Smart Home furniture
7.3.3 Partnership among Major Players
8. Competitive Landscape
8.1 European Homeware and Home Furnishings Market Players: A Financial Comparison
9. Company Profiles
9.1 IKEA
9.1.1 Business Overview
9.1.2 Financial Overview
9.1.3 Business Strategy
9.2 Steinhoff International Holdings
9.2.1 Business Overview
9.2.2 Financial Overview
9.2.3 Business Strategy
9.3 JYSK
9.3.1 Business Overview
9.3.2 Financial Overview
9.3.3 Business Strategy
9.4 Bassett
9.4.1 Business Overview
9.4.2 Financial Overview
9.4.3 Business Strategy
9.5 Roche Bobois
9.5.1 Business Overview
9.5.2 Financial Overview
9.5.3 Business Strategy
List of Tables & Figures
Table 1: European Homeware and Home Furnishings Market Players: A Financial Comparison; 2020
Figure 1: Different Raw Materials of Furniture
Figure 2: Major Steps in the Production of Panel Furniture Products
Figure 3: Categories of Furniture
Figure 4: Homeware Segmentation by Product
Figure 5: Home Furnishing Segmentation by Type
Figure 6: Global Homeware and Home Furnishings Market by Value; 2016-2020 (US$ Billion)
Figure 7: Global Homeware and Home Furnishings Market y Value; 2021-2025 (US$ Billion)
Figure 8: European Homeware and Home Furnishings Market by Value; 2016-2020 (US$ Billion)
Figure 9: European Homeware and Home Furnishings Market by Value; 2021-2025 (US$ Billion)
Figure 10: European Homeware and Home Furnishings Market by Region; 2020 (Percentage, %)
Figure 11: European Homeware and Home Furnishings Market by Segment; 2020 (Percentage, %)
Figure 12: European Homeware Market by Value; 2016-2020 (US$ Billion)
Figure 13: European Homeware Market by Value; 2021-2025 (US$ Billion)
Figure 14: European Home Furnishings Market by Value; 2016-2020 (US$ Billion)
Figure 15: European Home Furnishings Market by Value; 2021-2025 (US$ Billion)
Figure 16: European Home Furnishings Market by Product; 2020 (Percentage, %)
Figure 17: European Home Furniture Market by Value; 2016-2020 (US$ Billion)
Figure 18: European Home Furniture Market by Value; 2021-2025 (US$ Billion)
Figure 19: European Floor Coverings and Wall Décor Market by Value; 2016-2020 (US$ Billion)
Figure 20: European Floor Coverings and Wall Décor Market by Value; 2021-2025 (US$ Billion)
Figure 21: European Home Textile Market by Value; 2016-2020 (US$ Billion)
Figure 22: European Home Textile Market by Value; 2021-2025 (US$ Billion)
Figure 23: Western Europe Homeware and Home Furnishings Market by Value; 2016-2020 (US$ Billion)
Figure 24: Western Europe Homeware and Home Furnishings Market by Value; 2021-2025 (US$ Billion)
Figure 25: Western Europe Homeware and Home Furnishings Market by Region; 2020 (Percentage, %)
Figure 26: Germany Homeware and Home Furnishings Market by Value; 2019-2020 (US$ Billion)
Figure 27: Germany Homeware and Home Furnishings Market by Value; 2021-2025 (US$ Billion)
Figure 28: United Kingdom Homeware and Home Furnishings Market by Value; 2019-2020 (US$ Billion)
Figure 29: United Kingdom Homeware and Home Furnishings Market by Value; 2021-2025 (US$ Billion)
Figure 30: France Homeware and Home Furnishings Market by Value; 2019-2020 (US$ Billion)
Figure 31: France Homeware and Home Furnishings Market by Value; 2021-2025 (US$ Billion)
Figure 32: Italy Homeware and Home Furnishings Market by Value; 2019-2020 (US$ Billion)
Figure 33: Italy Homeware and Home Furnishings Market by Value; 2021-2025 (US$ Billion)
Figure 34: Spain Homeware and Home Furnishings Market by Value; 2019-2020 (US$ Billion)
Figure 35: Spain Homeware and Home Furnishings Market by Value; 2021-2025 (US$ Billion)
Figure 36: Rest of Western Europe Homeware and Home Furnishings Market by Value; 2019-2020 (US$ Billion)
Figure 37: Rest of Western Europe Homeware and Home Furnishings Market by Value; 2021-2025 (US$ Billion)
Figure 38: Eastern Europe Homeware and Home Furnishings Market by Value; 2016-2020 (US$ Billion)
Figure 39: Eastern Europe Homeware and Home Furnishings Market by Value; 2021-2025 (US$ Billion)
Figure 40: Eastern Europe Homeware and Home Furnishings Market by Region; 2020 (Percentage, %)
Figure 41: Russia Homeware and Home Furnishings Market by Value; 2019-2020 (US$ Billion)
Figure 42: Russia Homeware and Home Furnishings Market by Value; 2021-2025 (US$ Billion)
Figure 43: Poland Homeware and Home Furnishings Market by Value; 2019-2020 (US$ Billion)
Figure 44: Poland Homeware and Home Furnishings Market by Value; 2021-2025 (US$ Billion)
Figure 45: Rest of Eastern Europe Homeware and Home Furnishings Market by Value; 2019-2020 (US$ Billion)
Figure 46: Rest of Eastern Europe Homeware and Home Furnishings Market by Value; 2021-2025 (US$ Billion)
Figure 47: COVID-19 Impact on Retail Sales Growth in Selected Countries; 2020 (Percentage, %)
Figure 48: COVID-19 Impact on Exports and Imports of Businesses in United Kingdom; March 2020 (Percentage, %)
Figure 49: Impact of COVID-19 on New Orders in the Poland Furniture Industry; 2020 (Percentage, %)
Figure 50: Users in European Countries on Social Networks; 2015-2021 (Percentage, %)
Figure 51: Real Household Disposable income of United Kingdom; 2018-2023 (Percentage, %)
Figure 52: Europe Retail E-Commerce Revenue; 2018-2024 (US$ Billion)
Figure 53: Europe Urban Population; 1950-2030 (Percentage, %)
Figure 54: Construction Output of New Housing Construction in England, Scotland and Wales; 2016-2020 (US$ Million)
Figure 55: Millennials and Gen-Z Population of United Kingdom; 2015-2019 (Million)
Figure 56: Europe CO2 emissions; 2014-2020 (Million Metric Tons)
Figure 57: Global Smart Furniture Market size: 2018-2024 (US$ Million)
Figure 58: IKEA Revenue; 2016-2020 (US$ Billion)
Figure 59: IKEA Revenue by Regions; 2020 (Percentage, %)
Figure 60: Steinhoff International Holdings Revenue; 2016-2020 (US$ Billion)
Figure 61: Steinhoff International Holdings Revenue by Segments; 2020 (Percentage, %)
Figure 62: Steinhoff International Holdings Revenue by Regions; 2020 (Percentage, %)
Figure 63: JYSK Turnover; 2016-2020 (US$ Billion)
Figure 64: Bassett Net Sales; 2016-2020 (US$ Million)
Figure 65: Bassett Net Sales by Segments; 2020 (Percentage, %)
Figure 66: Roche Bobois Sales of Goods; 2017-2020 (US$ Million)
Executive Summary
Homeware are products which effortless top move and replace, and comprises of products that are not strictly functionally required in a decorated place. Homeware products comprise of curtains, pillows, tablecloths and aesthetic craft items, aesthetic wrought iron among others. These products are mostly used in indoor furnishings and layout which can include cloth items, wall hangings and planters.
Home furnishing items or goods are used to furnish a home, including both furniture and things used to decorate the home and make it more hospitable. Home furnishing products include, door mats, rugs, bath linen, bed covers, comforters, etc. European Home Furnishings market can be segmented on the basis of product home furniture, floor coverings and wall décor and home textile.
Companies Mentioned
- Bassett
- IKEA
- JYSK
- Roche Bobois
- Steinhoff International Holdings
