Poland Home Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

The Poland home furniture market is estimated at approximately USD 3,300 million in the current year and is poised to register a CAGR of greater than 6% during the forecast period.

The Polish furniture market's situation is gradually improving after the crisis triggered by the COVID-19 pandemic in 2020. At the end of May, 11% of companies recorded a sharp increase in orders, and only 7% did not receive orders.

Poland is the largest market in the Eastern area of Europe, and it is the third-largest supplier of furniture after Germany and Italy. Home furniture forms an integral part of home décor and furnishings in the living rooms of consumers. The intensifying focus on decorating their living spaces with creative pieces of furniture and innovative design is a key factor boosting the home furniture market. The growing need for shifting and settling down has led to an upsurge in demand for home furniture. Increasing demand for smart furniture is also projected to contribute significantly to the home furniture market's growth.

As the number of single- and two-person households grows, the demand for small and portable furniture increases. Consumers are also searching for multi-functional, collapsible, and technologically advanced furniture, particularly when it comes to living in tiny areas. Factors such as residential building market expansion, growing internet penetration, the increased appeal of eco-friendly products, and lifestyle changes are all contributing to the growth of the home furnishings industry.

Poland Home Furniture Market Trends

Increasing Disposable Income is Driving the Market

The Polish home furniture market is expected to grow at a rapid pace due to rising disposable income. An increase in disposable income has influenced the individual to spend more on a comfortable lifestyle, which is expected to provide growth opportunities for the home furniture market. The rising disposable income of the population is believed to positively impact the growth of smart furniture. Further, changing people's lifestyles, such as increasing their preference for smart furniture, is anticipated to intensify the growth of the home furniture market over the forecast period. Increased adoption of luxury furniture owing to increased disposable income is the major factor driving the growth of the market.

Consumers are upgrading their furniture more frequently than in the past, owing to rising living standards and constant growth in disposable money across the board. These are some of the elements fueling the Furniture market's ongoing expansion. Furthermore, the demand for customers to feel comfortable in their apartments, as indicated by the living room and dining room sector being the largest section of the Furniture market, and the adoption of online shopping are important contributing factors to the industry's continual expansion.

High Growth Witnessed by Living-room and Dining-room Furniture Segment

The segment includes furniture found in living rooms, parlors, lounges, lobbies, and dining rooms. Furniture in the house makes the living environment more comfortable. The rising purchasing power of households, the change in lifestyle, and the increasing trend of purchasing the living and dining room furniture through an online channel are expected to drive the market's growth. The increasing demand for premium furniture is also one of the key drivers of the market. Factors such as escalating real estate growth, increasing residential construction, and growing personal disposable income are anticipated to boost the living room and dining room furniture market over the forecast period.

Poland Home Furniture Market Competitor Analysis

The report covers major international players operating in the Polish home furniture market. In terms of market share, some 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 tapping new markets. Moreover, players such as IKEA, BoConcept, GiB MEBLE, MotivHome, and VOX, among others have been profiled in the report.

Additional Benefits:

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