The Contract Furniture and Furnishings Market in Europe

CSIL's Research Report "The contract furniture and furnishings market in Europe" offers a comprehensive picture of the European contract furniture business providing market size, production, market development and forecasts, demand drivers and projects, sales and market shares of the leading players, sales by destination segment - with a special focus on furniture for the Education segment - and by product category.

CONTRACT FURNITURE AND FURNISHING SECTOR OVERVIEW IN EUROPE: MARKET EVOLUTION AND PERFORMANCE BY COUNTRY

The European Contract furniture and furnishings production in 2022 and market size for the time series 2016-2022 are broken down by area and by country.

In this edition, the geographical perimeter has been expanded to 30 European countries, in detail: Northern Europe (Denmark, Finland, Norway, Sweden); Central Europe (Austria, Germany, Switzerland); Western Europe (Belgium-Lux, France, Ireland, the Netherlands, the United Kingdom); Southern Europe (Greece, Italy, Portugal, Spain), Central-Eastern Europe (Poland, Lithuania, Czech Republic, Romania, Other Central-Eastern European countries).

The European contract furniture and furnishing market forecasts are provided for the years 2023 and 2024.

Based on a recent survey conducted by CSIL on a sample of over 200 contract furniture and furnishing manufacturers in Europe, this report also shows the segments that are expected to increase faster and companies' market approach in terms of "turn-key" Vs "soft contract", own product Vs traded products, and distribution channels.

The Contract furniture production and consumption in Europe are broken down by destination segment:

• Retail
• Hospitality
• Office spaces
• Restaurants and bars
• Real estates
• Education
• Entertainment (focus of this year's edition)
• Marine
• Healthcare
• Airports

Contract furniture production in Europe is also provided by product category:

• Bathroom furniture and fittings
• Bedroom furniture and mattresses
• Kitchen furniture
• Lighting fixtures
• Office furniture
• Outdoor furniture
• Tables and chairs
• Upholstered furniture

FEATURES OF THE CONTRACT FURNITURE BUSINESS: DESTINATION SEGMENTS AND PRODUCT CATEGORIES

An overview of the main demand drivers and projects in the Retail, Hospitality, Office space, Real estate, Educational and entertainment, Marine, and Healthcare segments is also provided.

THE COMPETITIVE LANDSCAPE FEATURES: SALES OF THE LEADING CONTRACT FURNITURE COMPANIES

For the Top 100 companies operating in the European contract furniture sector, this report includes sales of contract furniture, incidence of the contract business on total company sales, and the company's share of total European production, with short profiles of selected firms.

Contract furniture sales are provided for a sample of companies even by destination segment and by product category.

This study overall considers around 380 firms active in the contract furniture sector.

NEW: FOCUS ON EDUCATION FURNITURE: This year's edition provides a detailed analysis of the Education segment including market values, the potential demand for education furniture, distribution channels, and purchasing process, product trends, average customer budgets, certifications, and projects.

FINANCIAL ANALYSIS: a set of financial indicators (Operating Revenue -Turnover-, Added Value, P/L for Period -Net Income-, Shareholders Funds, Cash Flow, ROI, ROE, EBITDA margin, EBIT margin, Solvency Ratio, Current Ratio, Number of Employees, Turnover per Employee, Added value per Employee) are reported for 70 companies operating in the contract furniture business.

ANNEX: Contact details for about 50 architect and design studios, List of relevant trade exhibitions for Hospitality, Building, Architectural and Design, Interiors, List of the first 300 hotel companies at global level, Contact details for around 380 contract furniture and furnishing manufacturers mentioned in the research.

SELECTED COMPANIES

Among the considered companies mentioned: Ahrend Group, Geberit, HMY Group Hermes Metal & Yudigar, Input Interiör, ISG, Itab Shop Concept, Kinnarps, Lifestyle Design, MillerKnoll, Nobia Group, Nowy Styl, Overbury, Pedrali, Stamhuis Groep, Steelcase, Tegometall International Sales, Umdasch ShopFitting Group, Villeroy & Boch, Vitra, VS Möbel.

Highlights:

Europe. Contract furniture. Production by country, % shares

Source: CSIL

The contract furniture production in Europe currently amounts to around EUR 14 billion. The largest part of this output is destined for projects within Europe, while less than 20% is addressed outside, to North America, Middle East, and Asia-Pacific.

Italy, Germany, the UK, Poland, and Sweden are the major manufacturing countries, representing together over 60% of the total European contract furniture production.

Contract furniture segments are evolving at a different speed further to a deep transformation of public and commercial furniture demand drivers. While Healthcare, Marine, Real Estate, Education, Luxury Shops, and Restaurant segments are showing a fast post-pandemic recovery, the Retail sector has been hardly challenged with a significant downgrade of the mass market retail, even if sustained by the grocery segment. Office and Hospitality businesses have not yet reached the pre-pandemic level, but are expected to grow in the next years.