DUBLIN, Apr 24, 2023 (GLOBE NEWSWIRE) — “French Furniture Market, Size, Forecast 2023-2028, Industry Trends, Growth, Share, Forecast, Inflation Impact, Business Opportunity Analysis” report added to ResearchAndMarkets.com an offer.
The French Furniture Market will garner USD 20.73 Billion by 2028 from USD 16.27 Billion by 2022 and is expected to grow at a CAGR of 4.12% during the forecast period 2022-2028
France is the third largest furniture production market in Europe and the seventh largest in the world. France is a leading player in the international furniture industry and plays a leading role in post-pandemic Europe. With a rich history of quality craftsmanship and design, the furniture industry is an important sector of the French economy and includes a variety of manufacturers ranging from small independent artisans to large multinational corporations.
French country style is popular all over the world for its relaxed, laid-back elegance that is a mixture of rustic and upscale décor inspired by French country homes. The French government actively supports the furniture industry through various initiatives, such as research and development programs, financial aid for small and medium-sized businesses and tax incentives for sustainable production practices.
Online sales are growing in the market
Online furniture sales are becoming increasingly popular in France as customers choose the ease of online shopping rather than going to physical stores. With the widespread use of smartphones and the increasing penetration of the Internet, consumers can now browse and purchase products from anywhere, anytime. This trend has led many sellers to shift their business operations to online platforms.
Online home decor sellers also offer hassle-free home delivery options, which adds to the convenience factor for customers. The availability of detailed product catalogs and specific categories on e-commerce platforms, along with the ease and convenience of online shopping, is expected to drive the growth of this market for the foreseeable future. In France, three major furniture companies dominate the sector and together make up nearly half of the furniture market. Ikea has the largest market share, followed by Conforama and But.
Despite the growing trend of online sales in the furniture industry in France, offline sales remain very important. Offline sales refer to in-person transactions that take place in physical outlets. For many consumers, the ability to physically see and feel furniture before purchasing it is crucial, and offline sales allow retailers to showcase their products and provide first-class customer service. Therefore, offline sales remain an important aspect of the furniture industry in France.
Living room furniture creates more demand in France
The living room furniture industry in France is an important component of the furniture sector in general. This category includes furniture such as sofas, armchairs, coffee tables, entertainment units, and other pieces designed to furnish living rooms or family rooms. Recently, there has been a growing trend towards eco-friendly and sustainable living room furniture as consumers are becoming more aware of its impact on the environment.
The kitchen and dining room furniture industry represents a large part of the large furniture sector in France. The industry prides itself on its diversity, with many manufacturers and retailers offering a wide range of styles and designs, from traditional to modern and contemporary. One of the main drivers for the growth of the kitchen and dining room furniture industry in France is the growing demand for sustainable and eco-friendly products.
Wooden furniture will maintain the market value
By materials, the French furniture market has been categorized into plastic, wood, metal and others. The wood furniture industry plays an important role in France’s public furniture sector, including a wide range of wood products including tables, chairs, cabinets, and bed frames. French wood furniture is known for its high quality, longevity, and refinement.
An emerging trend in the wood furniture industry in France is to adopt sustainable and eco-friendly materials. Many manufacturers source wood from responsibly managed forests and incorporate other environmentally friendly materials such as oils and natural finishes into their products. Ready-to-assemble and multi-functional wood products go a long way in improving home interiors.
The growing demand for office furniture is driving the market
The furniture industry is divided by type into residential and commercial categories. The increasing number of start-ups is expected to significantly increase the demand for commercial furniture during the forecast period. Commercial furniture includes desks, chairs, storage cabinets, and other items commonly used in workplaces. The demand for multifunctional office furniture has increased due to shrinking office space and rising cost of commercial rentals.
In addition, custom office furniture is becoming increasingly popular as some organizations prefer to have interior designs that reflect the theme and culture of their work. Increasing popularity of online furniture stores and increasing mergers and acquisitions is expected to further boost the market growth during the forecast period.
The residential segment of the furniture market holds a large share, mainly due to the high demand for sofa and armchair sets among residential customers for the seating needs of homes and backyards. Moreover, the increasing rate of urbanization and the increasing number of nuclear families in the world contribute to the growth of this sector.
Major players in the industry
Roche Bobois, IKEA, Maisons du Monde, and MillerKnoll, Inc. and La-Z-Boy Inc. It is one of the major players in the French furniture market.
In June 2022, Roche Bobois Antibes, the flagship department store in the southern region, reopens its doors to the public after a complete renovation. The store covers 1,800 square meters and features a renovated interior architecture that fully showcases the brand’s international design codes.
In June 2022, Herman Miller and Studio 7.5 teamed up to launch a new office chair named Zeph, which is inspired by the famous Eames design. Zeph is a comfortable, customizable chair available in a range of bright colours, suitable for any workspace.
Main qualities:
| report attribute | details |
| number of pages | 115 |
| forecast period | 2022 – 2028 |
| Estimated market value (in USD) in 2022 | $16.27 billion |
| Projected market value (in USD) by 2028 | $20.73 billion |
| Total annual growth rate | 4.1% |
| areas covered | France |
Company analysis: overview, recent developments, revenue analysis
- Roach Bobois
- Ikea
- world home
- MillerKnoll, Inc.
- La-Z-Boy Inc.
The system method – deconstructing the market from two points of view
Slices
- bedroom furniture
- interior decoration
- Home office furniture
- Kitchen and dining room furniture
- Lamps and lighting
- Living room furniture
- Garden furniture
Article – Market Disintegration from 4 Points of View
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For more information on this report, visit https://www.researchandmarkets.com/r/vi4fqh
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