Germany leads Europe in furniture manufacturing turnover with its share standing at €19.82 million in 2023. Italy follows closely at €17.64 million, despite a slight decline in recent years. Poland shows robust growth, now at €11.8 million, benefiting from favorable market conditions. The UK (€8.63 million) and France (€7.11 million) are also key players, although the UK's growth has been slightly negative.
Spain's share has decreased to €4.93 million, while the Netherlands (€3.9 million) demonstrates stable growth. Smaller markets like Lithuania (€2.05 million) and Serbia (€0.89 million) show significant upward trends, driven by diversified industrial investments. On the other hand, countries like Portugal (€1.59 million) and Switzerland (€1.65 million) face slight declines.
Future trends to watch include continued growth in Eastern Europe, with countries like Lithuania and Serbia optimizing their production capabilities. Southern European countries may face challenges due to economic constraints but could stabilize through innovation and digital transformation. The overall market is likely to become more fragmented with increased contributions from smaller economies.
Top countries in Furniture Manufacturing Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19.82 | 2023 | +0.54% | +0.38% | View data |
| 2 | 2 Italy | 17.64 | 2023 | -1.17% | -2.08% | View data |
| 3 | 3 Poland | 11.8 | 2023 | +2.75% | +1.91% | View data |
| 4 | 4 United Kingdom | 8.63 | 2023 | -0.39% | -0.48% | View data |
| 5 | 5 France | 7.11 | 2023 | +4.37% | +1.1% | View data |
| 6 | 6 Spain | 4.93 | 2023 | -0.94% | -1.08% | View data |
| 7 | 7 Netherlands | 3.9 | 2023 | +1.87% | +0.86% | View data |
| 8 | 8 Austria | 2.89 | 2023 | -0.12% | -1.15% | View data |
| 9 | 9 Sweden | 2.58 | 2023 | +0.34% | +0.29% | View data |
| 10 | 10 Denmark | 2.05 | 2023 | +1.11% | +2.34% | View data |
