In 2023, Germany led European furniture manufacturing turnover at €22.61 billion, with a 0.38% year-on-year growth. In contrast, Italy's turnover decreased by 2.08% to €20.13 billion. Poland saw a 1.91% rise to €13.47 billion, while the UK's turnover slightly declined by 0.48% to €9.84 billion. Notably, Lithuania (5.36%) and Serbia (12.37%) experienced significant growth, although their markets remain smaller. The Netherlands and Denmark also posted modest increases by 0.86% and 2.34%, respectively.
Future trends to monitor include:
- Potential growth in Eastern European countries, driven by competitive production costs.
- Industry adjustments to environmental regulations and sustainability demands.
- Impact of economic fluctuations on discretionary spending and furniture demand.
- Increased digital transformation and e-commerce adoption in furniture retail.
Top countries in Furniture Manufacturing Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22,610 | 2023 | +0.54% | +0.38% | View data |
| 2 | 2 Italy | 20,130 | 2023 | -1.17% | -2.08% | View data |
| 3 | 3 Poland | 13,470 | 2023 | +2.75% | +1.91% | View data |
| 4 | 4 United Kingdom | 9,840 | 2023 | -0.39% | -0.48% | View data |
| 5 | 5 France | 8,110 | 2023 | +4.37% | +1.1% | View data |
| 6 | 6 Spain | 5,620 | 2023 | -0.94% | -1.08% | View data |
| 7 | 7 Netherlands | 4,450 | 2023 | +1.87% | +0.86% | View data |
| 8 | 8 Austria | 3,300 | 2023 | -0.12% | -1.15% | View data |
| 9 | 9 Sweden | 2,940 | 2023 | +0.34% | +0.29% | View data |
| 10 | 10 Denmark | 2,340 | 2023 | +1.11% | +2.34% | View data |
