Europe Kitchen Furniture Market - Growth, Trends, Covid-19 Impact and Forecasts (2021-2026)

The industry has started combining new technologies and innovation with cultural heritage, tradition, and style, providing jobs for skilled workers, and is also a world leader in the high-end segment of the furniture market. An increase in rising consumption is one of the key factors impelling the growth of the Europe Kitchen Furniture Market. The Europe Furniture Kitchen Market growth in the future will arrive by growing demand for eco–friendly furniture, modern and authentic kitchen furniture, rise in hotels & restaurants, easy availability of raw materials from suppliers, reduction of high-cost transportation to manufacturers. Germany, Italy, and Poland are the main furniture exporting countries making Europe having a long history of kitchen furniture manufacturing.

In addition, the growing Work-from-home culture is gaining traction in Europe, with more people installing kitchens in their homes and refurbishing their living spaces, resulting in an increase in the number of kitchens and, as a result, a boost in the kitchen furniture industry. This has also resulted in a surge in privately owned and small home constructions, which has fueled the growth of the Kitchen Furniture market, which is likely to continue over the forecast period.

The whole furniture market in Europe was negatively impacted by COVID-19 in 2020 because of lockdown imposition and the manufacturing halts. The furniture industry has made up for some of the losses from April 2020, so the value of products sold after 8 months of 2020 stood about 5% lower than in 2019. The collapse of exports in March 2020 was accompanied by a loss of about 10% along with the downward trend of wood-based panel prices on the European market. After relaxation in lockdown from last quarter of 2020, the growth is projected along with the rise in export trades in kitchen furniture market of Europe.

Key Market Trends

Growing Demand for European Furniture is Driving the Market

The value of trade in furniture between the European and non-European countries grew by around 50 % over the last ten years. In 2019, 15 leading countries within the European Union (28 countries) were ranked by value for the exports of furniture, yielding Italy as the largest exporter followed by Germany and other countries. At that time, in 2019, Italy exported furniture and soft furnishings to markets outside the EU. This makes the European export of furniture outside the European territory growing and will grow in the forecast period as well. This export of furniture has led the Kitchen Furniture market of Europe to grow in an upward trend throughout the forecast period.

Germany is Leading Kitchen Furniture Market in Europe

Germany is Europe's largest furniture market and the world's third-largest furniture market. In the last five years, furniture consumption has increased slightly less than furniture imports. The order intake for 2018 demonstrates that German kitchen furniture manufacturers are continuing to boost their sales both internationally and domestically. Not only in terms of revenue but also in terms of technology and new innovative product design launches, Germany's kitchen furniture business is booming. Germany had the greatest market share in the kitchen furniture market in 2019, followed by Italy, France, and the Netherlands.

Competitive Landscape

Due to highly experienced and well-known brands from Italy, Germany, France, and other regions of Europe, which keep on introducing new and modern kitchen furniture designs while maintaining the authenticity of Europe, the Europe Kitchen Furniture Market is highly competitive and fragmented, with a large number of unorganized players dominating the market. Leading local and foreign players are present in each price range and in each European country. International chains and their brands such as American Woodmarks, Maiden Woods are widely famous and leading the market. Europe groups such as Lark and Larks, Euro-Rite, Cash and Carry Furnitures, Moore's Furniture have been focusing on innovating modern and contemporary designs and leading the Europe Kitchen Furniture Market for long time.

Additional Benefits:

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