Product Code: ETC009751 | Publication Date: Jun 2023 | Updated Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Germany Furniture Market registered a decline of -11.78% in value shipments in 2022 as compared to 2021 and an increase of 4.67% CAGR in 2022 over a period of 2017. In Furniture Market Germany is becoming more competitive as the HHI index in 2022 was 1915 while in 2017 it was 2075. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Germany has reportedly relied more on imports to meet its growing demand in Furniture Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Furniture Market in 2022 was 2.25 while in 2017 it was 1.96. Poland, China, Italy, Romania and Lithuania were among the top players of the market in 2022, where Poland acquired the largest market share of 40.35% with a shipment value of 2170.89 million USD in 2022 Poland also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Furniture Market. In 2017 Poland had the largest market share of 42.96% with the shipment value of 1992.44 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Poland offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Germany Furniture Market in 2017.
The Germany furniture market is expected to reach $35.2 billion by 2026, registering a CAGR of 6.3% during the forecast period (2020-2026). The growth in the market is driven by factors such as growth in consumer spending on home décor and increasing demand for modern and stylish designs across all ages, along with rising disposable income levels across Germany. Moreover, technological advancements enable customers to customize their furniture according to their needs and preferences, further stimulating the growth of this market. Additionally, major players’ focus on providing eco-friendly products is creating favorable opportunities for market expansion over the forecast period.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Germany Furniture Market Overview |
3.1 Germany Country Macro Economic Indicators |
3.2 Germany Furniture Market Revenues & Volume, 2019 & 2026F |
3.3 Germany Furniture Market - Industry Life Cycle |
3.4 Germany Furniture Market - Porter's Five Forces |
3.5 Germany Furniture Market Revenues & Volume Share, By Material Types, 2019 & 2026F |
3.6 Germany Furniture Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Germany Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Germany Furniture Market Trends |
6 Germany Furniture Market, By Types |
6.1 Germany Furniture Market, By Material Types |
6.1.1 Overview and Analysis |
6.1.2 Germany Furniture Market Revenues & Volume, By Material Types, 2016 - 2026F |
6.1.3 Germany Furniture Market Revenues & Volume, By Plastic, 2016 - 2026F |
6.1.4 Germany Furniture Market Revenues & Volume, By Wood, 2016 - 2026F |
6.1.5 Germany Furniture Market Revenues & Volume, By Metal, 2016 - 2026F |
6.1.6 Germany Furniture Market Revenues & Volume, By Other, 2016 - 2026F |
6.2 Germany Furniture Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Germany Furniture Market Revenues & Volume, By Residential, 2016 - 2026F |
6.2.3 Germany Furniture Market Revenues & Volume, By Commercial, 2016 - 2026F |
7 Germany Furniture Market Import-Export Trade Statistics |
7.1 Germany Furniture Market Export to Major Countries |
7.2 Germany Furniture Market Imports from Major Countries |
8 Germany Furniture Market Key Performance Indicators |
9 Germany Furniture Market - Opportunity Assessment |
9.1 Germany Furniture Market Opportunity Assessment, By Material Types, 2019 & 2026F |
9.2 Germany Furniture Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Germany Furniture Market - Competitive Landscape |
10.1 Germany Furniture Market Revenue Share, By Companies, 2019 |
10.2 Germany Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |