1.1 Definition and scope of study
The global furniture market was worth $507 billion in 2018 and is expected to grow strongly in the coming years, with a CAGR of 5.1% until 2025. Embracing all types of consumers and offering a very wide range of products, the furniture market nevertheless remains primarily a renewal market, i.e. a market in which replacement purchases are more important than purchases of initial equipment. Because of the longer life of furniture, the brands rely on three factors to increase their sales: fashion effects, the construction of new housing and the mobility of the population.
In Spain, the furniture market is in good health and is experiencing solid growth, driven primarily by the bath and kitchen segments. However, in a market historically controlled by players selling through physical points of sale, traditional retailers are increasingly faced with the rise of e-commerce and the second-hand market and must therefore adapt to the new market realities. [Aidimme ; Distribucion Actualidad]
There are generally several types of furniture:
- Living-room furniture
- Kitchen furniture
- Seats (sofas, armchairs and benches)
- Bathroom furniture
- Garden furniture
The following study focuses on the product segments mentioned above, thus excluding from this market complementary products such as decorative objects, lighting fixtures, household appliances and tableware.
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What is in this market study?
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What are the latest trends in this market?
- What is the positioning of companies in the value chain?
- How do companies in the market differ from each other?
- Access company mapping and profiles.
- Data from several dozen databases
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