(MENAFN- PR Newswire)
NEW YORK, May 10, 2022 /PRNewswire/ -- Technavio categories the contract furniture and furnishing market in Europe as a part of the global home furnishing market. The contract furniture and furnishing market in Europe research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches.
Contract Furniture and Furnishing Market in Europe: Key Drivers
Technavio has announced its latest market research report titled Contract Furniture and Furnishing Market in Europe by End-user and Geography - Forecast and Analysis 2022-2026
The declining preference for buying new furniture in the contract furniture and furnishing market in Europe . The increasing demand for contract furniture and furnishing products is rising significantly owing to the rapidly changing modern office infrastructure and setup, coupled with the high price of modern commercial furniture. Moreover, vendors offer a hassle-free transfer of furnishing and furniture products during the shifting of office locations. Also, users have the option of switching between providers if the offered products do not meet their desired requirements. Such factors are propelling end-users of furniture and furnishing products toward contract solutions over brand new furniture.
View market report outlook to learn more about factors influencing the market.
Contract Furniture and Furnishing Market in Europe: Key Trends
The increased preference for multifunctional furniture is one of the key trends that is driving the furniture and furnishing market in Europe, which is expected to impact the industry positively in the forecast period. For example, and Information Technology Enabled Services (ITES) company, most of the furniture is designed to accommodate computers, laptops, switches, and cables. Rapidly evolving consumer demands have influenced manufacturers to introduce multifunctional and customized products that are standardized and sold through online and offline channels. For instance, Herman Miller manufactures and sells the Ethospace Nurses' Station, which can be customized according to the technology used, the work process, and staffing requirements. Such factors will further support the market growth in the coming years.
Vendor Insights
The report identifies the following as the dominant players in the market:
- Brunner GmbH
- Global Furniture Group
- Haworth Inc.
- Herman Miller Inc.
- Humanscale International Holdings Ltd
- ITAB Group
- KI
- Kinnarps AB
- Steelcase Inc.
- Teknion Group
Product Insights and News
The contract furniture and furnishing market in Europe forecast report offers insights into significant vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects. A leading vendor, Brunner GmbH offers contract furniture and furnishing for office space and public space.
Learn more about the vendors in the market as you download your copy .
| Contract Furniture And Furnishing Market Scope in Europe |
| Report Coverage | Details |
| Page number | 120 |
| Base year | 2021 |
| Forecast period | 2022-2026 |
| Growth momentum & CAGR | Accelerate at a CAGR of 4.32% |
| Market growth 2022-2026 | $ 3.72 billion |
| Market structure | Fragmented |
| YoY growth (%) | 3.79 |
| Regional analysis | Europe |
| Performing market contribution | Rest of Europe at 35% |
| Key consumer countries | Germany, France, the UK, and the Rest of Europe |
| Competitive landscape | Leading companies, Competitive strategies, Consumer engagement scope |
| Key companies profiled | Brunner GmbH, Global Furniture Group, Haworth Inc., Herman Miller Inc., Humanscale International Holdings Ltd, ITAB Group, KI, Kinnarps AB, Steelcase Inc., and Teknion Group |
| Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Get your sample copy to unlock scope and parent market analysis insights
Pandemic Impact
The COVID-19 pandemic has adversely affected the various businesses in Europe and is expected to have a negative impact on the growth of the Contract Furniture and Furnishing Market in Europe from 2022 to 2026.
Contract Furniture and Furnishing Market in Europe: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive contract furniture and furnishing market growth in Europe during the next five years
- Precise estimation of the contract furniture and furnishing market size in Europe and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the contract furniture and furnishing industry in Europe
- A thorough 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 in Europe
Related Reports:
RTA Furniture Market in the US by Product and Distribution Channel - Forecast and Analysis 2022-2026 Download your sample
Online Furniture Market by Application and Geography - Forecast and Analysis 2022-2026 Download your sample
Table of Contents
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
2. Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
2.2 Value chain analysis
Exhibit 09: Value chain analysis : Home furnishing
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Outbound logistics
2.2.5 Marketing and sales
2.2.6 Service
2.2.7 Support activities
2.2.8 Innovation
3. Market Sizing
3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 12: Europe - Market size and forecast 2021 - 2026 ($ million)
Exhibit 13: Europe market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 14: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 15: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 16: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 17: Threat of new entrants
4.5 Threat of substitutes
Exhibit 18: Threat of substitutes
4.6 Threat of rivalry
Exhibit 19: Threat of rivalry
4.7 Market condition
Exhibit 20: Market condition - Five forces 2021
5. Market Segmentation by End-user
5.1 Market segments
The segments covered in this chapter are:
- Hospitality and food services
- Offices and home offices
- Retail stores
- Institutions
- Others
Exhibit 21: End-user - Market share 2021-2026 (%)
5.2 Comparison by End-user
Exhibit 22: Comparison by End-user
5.3 Hospitality and food services - Market size and forecast 2021-2026
Exhibit 23: Hospitality and food services - Market size and forecast 2021-2026 ($ million)
Exhibit 23: Hospitality and food services - Market size and forecast 2021-2026 ($ million)
5.4 Offices and home offices - Market size and forecast 2021-2026
Exhibit 25: Offices and home offices - Market size and forecast 2021-2026 ($ million)
Exhibit 26: Offices and home offices - Year-over-year growth 2021-2026 (%)
5.5 Retail stores - Market size and forecast 2021-2026
Exhibit 27: Retail stores - Market size and forecast 2021-2026 ($ million)
Exhibit 28: Retail stores - Year-over-year growth 2021-2026 (%)
5.6 Institutions - Market size and forecast 2021-2026
Exhibit 29: Institutions - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Institutions - Year-over-year growth 2021-2026 (%)
5.7 Others - Market size and forecast 2021-2026
Exhibit 31: Others - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Others - Year-over-year growth 2021-2026 (%)
5.8 Market opportunity by End-user
Exhibit 33: Market opportunity by End-user
6 Customer landscape
6.1 Overview
Exhibit 34: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
The regions covered in the report are:
- Germany
- France
- UK
- Rest of Europe
Exhibit 35: Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 36: Geographic comparison
7.3 Germany - Market size and forecast 2021-2026
Exhibit 37: Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Germany - Year-over-year growth 2021-2026 (%)
7.4 France - Market size and forecast 2021-2026
Exhibit 39: France - Market size and forecast 2021-2026 ($ million)
Exhibit 40: France - Year-over-year growth 2021-2026 (%)
7.5 UK - Market size and forecast 2021-2026
Exhibit 41: UK - Market size and forecast 2021-2026 ($ million)
Exhibit 42: UK - Year-over-year growth 2021-2026 (%)
7.6 Rest of Europe - Market size and forecast 2021-2026
Exhibit 43: Rest of Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Rest of Europe - Year-over-year growth 2021-2026 (%)
7.7 Market opportunity by geography
Exhibit 45: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Declining preference for buying new furniture
8.1.2 Growing number of office spaces
8.1.3 Growing demand for modern furniture in educational institutions
8.2 Market challenges
8.2.1 Fluctuating labor cost and raw material prices
8.2.2 Long product replacement cycle
8.2.3 Stringent government regulations for the procurement of wood
Exhibit 46: Impact of drivers and challenges
8.3 Market trends
8.3.1 Increased preference for multifunctional furniture
8.3.2 Increased preference for customized furniture
8.3.3 Increased introduction of smart furniture and new designs
9. Vendor Landscape
9.1 Overview
Exhibit 47: Vendor landscape
9.2 Landscape disruption
Exhibit 48: Landscape disruption
Exhibit 49: Industry risks
9.3 Competitive Scenario
10. Vendor Analysis
10.1 Vendors covered
Exhibit 50: Vendors covered
10.2 Market positioning of vendors
Exhibit 51: Market positioning of vendors
10.3 Brunner GmbH
Exhibit 52: Brunner GmbH - Overview
Exhibit 53: Brunner GmbH - Product and service
Exhibit 54: Brunner GmbH - Key offerings
10.4 Global Furniture Group
Exhibit 55: Global Furniture Group - Overview
Exhibit 56: Global Furniture Group - Product and service
Exhibit 57: Global Furniture Group - Key offerings
10.5 Haworth Inc.
Exhibit 58: Haworth Inc. - Overview
Exhibit 59: Haworth Inc. - Product and service
Exhibit 60: Haworth Inc. - Key offerings
10.6 Herman Miller Inc.
Exhibit 61: Herman Miller Inc. - Overview
Exhibit 62: Herman Miller Inc. - Business segments
Exhibit 63: Herman Miller Inc. - Key offerings
Exhibit 64: Herman Miller Inc. - Segment focus
10.7 Humanscale International Holdings Ltd
Exhibit 65: Humanscale International Holdings Ltd - Overview
Exhibit 66: Humanscale International Holdings Ltd - Product and service
Exhibit 67: Humanscale International Holdings Ltd - Key offerings
10.8 ITAB Group
Exhibit 68: ITAB Group - Overview
Exhibit 69: ITAB Group - Business segments
Exhibit 70: ITAB Group - Key offerings
Exhibit 71: ITAB Group - Segment focus
10.9 KI
Exhibit 72: KI - Overview
Exhibit 73: KI - Product and service
Exhibit 74: KI - Key offerings
10.10 Kinnarps AB
Exhibit 75: Kinnarps AB - Overview
Exhibit 76: Kinnarps AB - Product and service
Exhibit 77: Kinnarps AB - Key offerings
10.11 Steelcase Inc.
Exhibit 78: Steelcase Inc. - Overview
Exhibit 79: Steelcase Inc. - Business segments
Exhibit 80: Steelcase Inc. - Key offerings
Exhibit 81: Steelcase Inc. - Segment focus
10.12 Teknion Group
Exhibit 82: Teknion Group - Overview
Exhibit 83: Teknion Group - Product and service
Exhibit 84: Teknion Group - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 ????Market definition
11.1.2 Objective
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 85: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 86: Research Methodology
Exhibit 87: Validation techniques employed for market sizing
Exhibit 88: Information sources
11.4 List of abbreviations
Exhibit 89: List of abbreviations
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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's 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.
Contact Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:[email protected] Website:
SOURCE Technavio
MENAFN10052022003732001241ID1104192230