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Premium Report Details
Base Year: 2024
Companies covered: 15
Tables & Figures: 220
Countries covered: 10
Pages: 280
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Europe Wooden Furniture Market
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Europe Wooden Furniture Market Size
The Europe wooden furniture market size was estimated at USD 43.64 billion in 2024. The market is expected to grow from USD 44.88 billion in 2025 to USD 58.22 billion in 2034 at a CAGR of 3.5%. The rising demand for wooden furniture across residential areas and increased spending on home improvement projects drives the Europe market growth. According to Eurostat, spending on home improvement in the European Union reached €300 billion in 2023, showing a significant increase from previous years. Homeowners are spending more on renovations due to high interest rates and persistent inflation, covering costs from flooring to furnishings.
In addition, urbanization and the surge in new housing projects are driving up the demand for furniture, especially wooden furniture, as an increasing number of homes and apartments need furnishing. This demand is especially pronounced in swiftly expanding urban locales, where new residential projects are the norm. According to Eurostat, the urban population in the European Union increased by 2.4% from 2015 to 2020, further fueling the need for residential furnishings.
Furthermore, rising disposable incomes allow consumers to buy premium and designer wooden furniture, improving their living spaces with high-quality, attractive pieces. Government initiatives and regulations also support market growth by promoting sustainable forestry and eco-friendly manufacturing. For example, the European Green Deal aims to make Europe climate-neutral by 2050, encouraging eco-friendly practices. Consumer preferences in the wooden furniture manufacturing industry are changing rapidly, creating challenges for manufacturers. Consumers prefer products that match their specific needs, which can change quickly, making it hard for manufacturers to keep up with trends.
Europe Wooden Furniture Market Trends
Europe Wooden Furniture Market Analysis
Based on product type, the Europe market can be segmented into indoor furniture and outdoor furniture. In 2024, the indoor furniture segment dominated the market, accounting for USD 35.9 billion and is expected to grow at a CAGR of 3.4% during the forecast period of 2025-2034.
Based on wood type, the Europe wooden furniture market can be segmented into hardwood and softwood. Hardwood dominated the market with 75.8% of the market share in 2024 and is expected to grow at a CAGR of over 3.4% during the forecast period of 2025-2034.
Europe Wooden Furniture Market Shares
The top companies in the Europe market include Jogn Lewis & Partners, Wren Kitchens, Laura Ashley, Hammonds Furniture, collectively hold a share of 5-10% in the market. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
Europe Wooden Furniture Market Companies
Major players operating in the wooden furniture industry are:
IKEA, headquartered in the Netherlands, marks a significant global presence in the furniture market. The company has a robust supply chain management system and cost-efficient production processes, that has led to the company to maintain competitive edge in the wooden furniture market. In December 2024, IKEA announced the acquisition of the IKEA retail operations in Estonia, Latvia, and Lithuania (Europe). The acquisition includes three full-size IKEA stores, five additional smaller customer meeting facilities, e-commerce, and the digital retail development company.
Vitra AG, headquartered in Switzerland, offers high-end and premium wooden furniture. The company strategically collaborates with the designers to develop and produce unique wooden furniture. The company has a strong brand identity and commitment to producing durable products for customers across the globe.
Europe Wooden Furniture Industry News
The Europe wooden furniture market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) (Thousand Units) from 2021 to 2034, for the following segments:
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Market, By Product Type
Market, By Price Range
Market, By Wood Type
Market, By Application
Market, By Distribution Channel
The above information is provided for the following regions and countries: