France Home Furniture Market Trends 2023, Size, Revenue, Growth Drivers, Demand, Business Opportunity and Forecast Till 2033: SPER Market Research
Furniture is defined as moveable objects designed to support various human activities such as seating, sleeping, dining, storage, or decoration in residential, commercial, or institutional settings. It includes a wide range of products made of various materials such as wood, metal, plastic, glass, and cloth. Chairs, tables, beds, sofas, cabinets, bookshelves, desktops, closets, dressers, dining sets, and entertainment units are examples of furniture. Each piece of furniture serves a certain role and is intended to provide users with comfort, convenience, and visual appeal. Furniture is important in interior design because it improves the overall functioning and aesthetics of a place.
According to SPER market research, ‘France Home Furniture Market Size- By Material, By Application, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the France Furniture (Home/Office/Commercial) Market is predicted to reach USD 25.65 billion by 2033 with a CAGR of 4.35%.
The France furniture market is driven by a variety of factors that contribute to its expansion. Consumer expenditure on furniture is stimulated by economic growth and greater disposable income. Higher demand for furniture products is generated by the performance of the housing market, particularly new building and renovations. The need for new home furnishings is driven by shifting interior design trends and consumer preferences. Because of the impact of online retailing, there is a larger customer base and easier access to furniture selections. The growing emphasis on sustainability and eco-friendly products drives up demand for ecologically friendly furniture. The ageing population provides a market for furniture designed specifically for the needs of the elderly. Contract and commercial projects, such as hotels and offices, offer additional prospects for expansion.
Despite the many drivers and opportunities for growth in the Furniture market in France, there are also several challenges that must be addressed. These include economic uncertainty, intense competition, changing consumer preferences, online retail disruption, price sensitivity, sustainability regulations, and supply chain complexities. Overcoming these hurdles requires strategic planning, innovation, and adaptability to meet evolving consumer demands and market dynamics.
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In addition, the Covid-19 outbreak had an impact on the France furniture sector, which saw a drop in consumer expenditure due to lockdown measures and economic anxiety, resulting in postponed or cancelled purchases. Retail store closures during lockdowns pushed customer behaviour towards online buying, resulting in an increase in e-commerce for furniture sales. The pandemic also caused a shift in home lifestyle, necessitating new furniture requirements for home offices, outdoor spaces, and multipurpose configurations. Local manufacturing experienced a rebound as businesses attempted to lessen their reliance on global supply chains. By adding antimicrobial materials and contactless features, manufacturers focused on health and hygiene. Delays in the manufacturing and delivery of furniture products were caused by disruptions in worldwide supply systems.
Geographically, Paris and its surrounding areas, is generally considered one of the largest target markets for furniture in France. This region has a high population density and is known for its economic activity and consumer purchasing power. Paris, being the capital city and a major cultural and economic hub, attracts a significant amount of furniture sales and consumer demand. Additionally, some of the market key players are Steelcase, BoConcept, Gautier Furniture, Roche Bobois, Ligne Roset including others.
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France Home Furniture Market Share
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