In 2023, Spain led the European market for sold production of furniture designed to receive refrigerating or freezing equipment at 110.1 million euros, followed by Italy at 97.147 million euros. Both countries demonstrated robust growth with year-on-year increases of 14.48% and 38.34% respectively. Denmark maintained stability with a slight rise of 0.51%, while the UK saw a decline of 8.58%. France and Croatia experienced moderate growth of 10.16% and 6.3% respectively. In smaller markets, Greece decreased by 0.44% and Estonia grew by 5.57%. The past five-year CAGR highlights Spain and Italy’s significant growth trajectory in this sector.
Looking forward, the European furniture market for refrigerating or freezing equipment is expected to continue expanding, driven by technological advancements and increased demand for energy-efficient products. Observing Italy and Spain's strategies could provide insights into successful market approaches. Sustainability and innovation will be key trends, as manufacturers focus on eco-friendly materials and designs to align with greater environmental awareness in Europe.
Top countries in Sold Production of Furniture Designed to Receive Refrigerating or Freezing Equipment by Country
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 110,100,000 | 2023 | +2.63% | +14.48% | View data |
| 2 | 2 Italy | 97,147,000 | 2023 | +2.9% | +38.34% | View data |
| 3 | 3 Denmark | 20,190,000 | 2023 | +27.13% | +0.51% | View data |
| 4 | 4 United Kingdom | 10,024,000 | 2023 | +2.18% | -8.58% | View data |
| 5 | 5 France | 5,850,400 | 2023 | +29.91% | +10.16% | View data |
| 6 | 6 Croatia | 4,292,900 | 2023 | +4.68% | +6.3% | View data |
| 7 | 7 Greece | 1,159,900 | 2023 | +5.99% | -0.44% | View data |
| 8 | 8 Estonia | 800,550 | 2023 | +4.56% | +5.57% | View data |
