France Furniture Market will reach US$ 20.73 Billion in 2028, fuelled by Quality & Design and the Increasing Trend of Digitalization | Renub Research
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- Olivia Grande
- April 14, 2023
- Business Technology
Renub Research has recently released a report titled “France Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030,” providing a detailed industry analysis that includes market share insights. The report also includes competitor and regional research and contemporary advancements in the market. France Furniture market was US$ 16.27 Billion by 2022. France is a significant player in the furniture industry, ranking third in production in Europe and seventh globally. It is regarded as a leader in the international furniture market and is taking on a crucial role in the European furniture industry’s recovery after the COVID-19 pandemic.
For centuries, France has been recognized for its rich history in furniture-making, boasting a tradition that has endured the test of time. France Furniture Market is highly esteemed for its exquisite beauty, elegance, and superior craftsmanship, making it a prized possession among collectors and enthusiasts worldwide. In present times, French furniture makers are preserving this legacy by integrating traditional methods with modern technologies and materials, resulting in innovative and practical designs that cater to the demands of modern consumers. They are also incorporating eco-friendly materials and sustainable practices to produce furniture that is both visually appealing and environmentally conscious.
France Furniture Market shall expand at a CAGR of 4.12% from 2022 to 2028
French furniture design is experiencing a surge in the utilization of recycled materials. Designers are incorporating reclaimed wood, metal, and other sustainable materials to create distinctive and eco-conscious furniture pieces that are visually appealing and environmentally sustainable. Additionally, the France furniture market is experiencing a growing focus on producing multifunctional furniture that can be used in various settings and scenarios. Due to space constraints in many French homes, furniture that can serve several purposes, such as a convertible sofa or a foldable table that can be stored away when not in use is becoming more popular.
France Furniture Market, being one of the largest global furniture exporters, remains highly competitive. French furniture manufacturers can expand their exports to new markets by leveraging their reputation for quality and design. The French government has implemented policies, including tax incentives, R&D investments, and export support, that foster a favorable business environment for furniture makers. French furniture makers are adopting sustainable practices and materials to meet the increasing demand for eco-friendly and sustainable products, creating new growth opportunities. Additionally, the industry is embracing digitalization through e-commerce and online marketplaces to reach a broader audience and increase sales.
French Furniture Industry uses Online Marketplaces to broaden its Audience and Increase Sales due to the growth of Online Shopping and Digitalization
The Online platform where French furniture manufacturers, distributors, and retailers sell their products to customers via the internet is called the online France Furniture Market. To reach a broader audience and increase sales, the French furniture industry has embraced e-commerce and online marketplaces due to the growing trend of online shopping and digitalization.
Customers can conveniently browse a wide selection of furniture products, compare prices, and place orders from the comfort of their homes. The online France Furniture Market offers a hassle-free shopping experience, with many retailers providing home delivery services. Moreover, the online platform enables French furniture makers to expand beyond local markets, connect with customers worldwide, and promote their products globally.
Dominant Position of Living Room Furniture is attributed to the Strong Demand for Stylish Furniture in France Furniture Market
The France living room furniture market comprises the production, distribution, and sale of furniture specifically designed for living rooms in France, including sofas, armchairs, coffee tables, TV cabinets, and bookshelves. The demand for stylish and functional living room furniture is driven by changing lifestyles, interior design trends, and increasing consumer disposable income. The France Furniture market is competitive, with both domestic and international players. Sustainability and eco-friendliness are becoming more important to consumers, and the industry is responding. The availability of e-commerce and online marketplaces has made it easier for consumers to access a wider variety of living room furniture products.
Predominant material used in France Furniture Industry is Wood
The French wood furniture industry designs, produces, distributes, and sells high-quality wooden furniture. It faces competition from both domestic and international players and has recently shifted towards sustainable materials in response to growing consumer demand. The France Furniture Market is also utilizing digitalization and e-commerce to enhance sales and reach a wider audience.
Wood is a significant source of renewable energy in France, and it is also in high demand for the manufacturing of furniture, particularly traditional furniture. In recent years, the use of wood in homes has increased as people have begun using it for various purposes, including furnishing cupboards, decorating, and more.
Rising demand for Commercial Furniture is driven by an Increasing need for such Furniture
Increasing construction of residential, commercial, and office spaces has led to a growing demand for commercial furniture in France Furniture Market. Office spaces have prompted the introduction of intelligently designed furniture products, while online furniture stores have improved purchase processes. Customized and themed furniture are in high demand in the hospitality industry, creating opportunities for new players. Hospital furniture, including ward furniture, hospital beds, and operating tables, plays a crucial role in patient care. Furniture used in waiting rooms & lobbies, bariatric furniture, and medical office furniture are also crucial in hospitals.
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Some major companies competing in the France Furniture Market are Roche Bobois, IKEA, Maisons du Monde, MillerKnoll Inc., and La-Z-Boy.
- Ordering Method–France Furniture Market breakup from 2 Viewpoints:(Online Furniture Market and Offline Furniture Market)
- Segments – France Furniture Market breakup from 7 Viewpoints: (Bedroom Furniture, Home Décor, Home Office Furniture, Kitchen and Dining Furniture, Lamps, and lighting, , Living Room Furniture and Outdoor Furniture)
- Material – France Furniture Market breakup from 4 Viewpoints: (Plastic, Wood, Metal and Others)
- Type – France Furniture Market breakup from 2 Viewpoints: (Residential and Commercial)
- Company have been covered from 3 Viewpoints: (Overview, Recent Development and Revenue)
- Company Analysis: (Roche Bobois, IKEA, Maisons du Monde, MillerKnoll Inc., and La-Z-Boy)
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