Contract Furniture and Furnishing Market in Europe: 3.79% YOY growth expected in 2022 | Technavio

NEW YORK, July 6, 2022 /PRNewswire/ -- The "Contract Furniture and Furnishing Market in Europe by End-user and Geography - Forecast and Analysis 2022-2026" report by Technavio expects the market size to increase by USD 3.72 billion between 2021 and 2026. Also, the report expects the market to observe a YOY growth of 3.79% in 2022 and accelerate at a CAGR of 4.32% during the forecast period.

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The contract furniture and furnishing market in Europe is fragmented, and the degree of fragmentation will accelerate during the forecast period. The market is characterized by the presence of numerous vendors offering a wide range of products. The vendors are adopting various growth strategies such as new product launches and M&A activities to remain competitive and increase their market shares.

The growing popularity of contract furniture among end-users will drive the growth of the market. However, the high cost of contract furniture and furnishing might hamper the market growth. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also must leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Brunner GmbH, Global Furniture Group, Haworth Inc., Herman Miller Inc., Humanscale International Holdings Ltd, ITAB Group, KI, Kinnarps AB, Steelcase Inc., and Teknion Group are among some of the major market participants.

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The contract furniture and furnishing market in Europe is segmented as below:

• End-User 
• Hospitality and Food Services
• Offices and Home Offices
• Retail Stores
• Institutions
• Others

The hospitality and food services industry is the major end-user in the market. Factors such as growing number of office spaces and rising employment in Europe are driving the growth of the segment.

• Geography 
• Germany
• France
• UK
• Rest of Europe

The Rest of Europe segment will witness maximum growth, occupying 35% of the overall market share. Besides, Germany will emerge as another prominent market for contract furniture and furnishing in Europe.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The contract furniture and furnishing market in Europe report covers the following areas:

• Contract Furniture and Furnishing Market Size
• Contract Furniture and Furnishing Market Trends
• Contract Furniture and Furnishing Market Industry Analysis

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist contract furniture and furnishing market growth during the next five years
• Estimation of the contract furniture and furnishing market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the contract furniture and furnishing market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of contract furniture and furnishing market vendors

• Organic Furniture Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025
• Outdoor Furniture Market in US by Product, End-user, and Distribution Channel - Forecast and Analysis 2021-2025

Table of Contents:

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 01: Parent market
• Exhibit 02: Market characteristics

• 2.2 Value chain analysis
• Exhibit 03:Value chain analysis: Home furnishing

3 Market Sizing

• 3.1 Market definition
• Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 05: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021 - 2026 
• Exhibit 06: Europe - Market size and forecast 2021 - 2026 ($ million)
• Exhibit 07: Europe market: Year-over-year growth 2021 - 2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 08: Five forces analysis 2021 & 2026

• 4.2 Bargaining power of buyers 
• Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers 
• Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants 
• Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes 
• Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• Exhibit 13: Threat of rivalry

• 4.7 Market condition
• Exhibit 14: Market condition - Five forces 2021

5 Market Segmentation by End-user

• 5.1 Market segments
• Exhibit 15: End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 16: Comparison by End-user

• 5.3 Hospitality and food services - Market size and forecast 2021-2026 
• Exhibit 17: Hospitality and food services - Market size and forecast 2021-2026 ($ million)
• Exhibit 18: Hospitality and food services - Year-over-year growth 2021-2026 (%)

• 5.4 Offices and home offices - Market size and forecast 2021-2026 
• Exhibit 19: Offices and home offices - Market size and forecast 2021-2026 ($ million)
• Exhibit 20: Offices and home offices - Year-over-year growth 2021-2026 (%)

• 5.5 Retail stores - Market size and forecast 2021-2026 
• Exhibit 21: Retail stores - Market size and forecast 2021-2026 ($ million)
• Exhibit 22: Retail stores - Year-over-year growth 2021-2026 (%)

• 5.6 Institutions - Market size and forecast 2021-2026 
• Exhibit 23: Institutions - Market size and forecast 2021-2026 ($ million)
• Exhibit 24: Institutions - Year-over-year growth 2021-2026 (%)

• 5.7 Others - Market size and forecast 2021-2026 
• Exhibit 25: Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 26: Others - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by End-user 
• Exhibit 27: Market opportunity by End-user

6 Customer landscape

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 29: Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 30: Geographic comparison

• 7.3 Germany - Market size and forecast 2021-2026 
• Exhibit 31: Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 32: Germany - Year-over-year growth 2021-2026 (%)

• 7.4 France - Market size and forecast 2021-2026 
• Exhibit 33: France - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: France - Year-over-year growth 2021-2026 (%)

• 7.5 UK - Market size and forecast 2021-2026 
• Exhibit 35: UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 36: UK - Year-over-year growth 2021-2026 (%)

• 7.6 Rest of Europe - Market size and forecast 2021-2026 
• Exhibit 37: Rest of Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Rest of Europe - Year-over-year growth 2021-2026 (%)

• 7.7 Market opportunity by geography 
• Exhibit 39: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges
• Exhibit 40: Impact of drivers and challenges

• 8.3 Market trends

9 Vendor Landscape

• 9.1 Vendor landscape
• Exhibit 41: Vendor landscape

• 9.2 Landscape disruption
• Exhibit 42: Landscape disruption
• Exhibit 43: Industry risks

10 Vendor Analysis

• 10.1 Competitive Scenario

11 Vendor Analysis

• 11.1 Vendors covered

• 11.2 Market positioning of vendors

• 11.3 Brunner GmbH

• 11.4 Global Furniture Group

• 11.5 Haworth Inc.

• 11.6 Herman Miller Inc.

• 11.7 Humanscale International Holdings Ltd

• 11.8 ITAB Group

• 11.9 KI

• 11.10 Kinnarps AB

• 11.11 Steelcase Inc.

• 11.12 Teknion Group

12 Appendix

• 12.1 Scope of the report

• 12.2 Currency conversion rates for US$

• 12.3 Research methodology
• 12.4 List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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