Europe Wooden Furniture Market Analysis

Europe Wooden Furniture Market Analysis

Based on product type, the market can be segmented into indoor furniture and outdoor furniture. Indoor furniture dominated the market, accounting for USD 35.0 billion in 2023 and is expected to grow at a CAGR of 3.4% during the forecast period of 2024-2032. Urbanization is leading to more apartment and house constructions, increasing the demand for indoor furniture. According to Eurostat, the number of building permits issued for residential buildings in the European Union increased by 5.2% in 2023.
 

Items like sofas, beds, dining tables, and wardrobes are essential for these new homes. Indoor furniture also offers many functional and versatile options, such as storage solutions, multi-purpose furniture, and space-saving designs. This versatility makes indoor furniture popular with consumers, as it improves both the functionality and look of their living spaces.
 

Based on Wood type, the Europe wooden furniture market can be segmented into hardwood and softwood. Hardwood dominated the market with 75.7% of the market share in 2023 and is expected to grow at a CAGR of over 3.4% during the forecast period of 2024-2032. Hardwoods are attractive options to homeowners as they come in various colors and grain patterns. Furthermore, due to their scarcity these days, walnut can be very expensive. The rich, chocolate-colored grain makes it perfect for veneers, and it is highly prized in the high-end furniture industry. It is renowned for its strength and for the variety of colors that can appear in its straight grain.
 

In the Europe wooden furniture market, Germany accounted for the largest market share of USD 8.8 billion in 2023. It is projected to reach USD 12.6 billion by the end of 2032. This growth can be attributed to Germany's strong tradition of craftsmanship, high demand for quality furniture, and the country's robust economy, which supports consumer spending on premium and designer wooden furniture. Additionally, Germany's commitment to sustainability and innovation in woodworking technology further propels the market's expansion.