Hungary Furniture Market (2020-2026) | COVID-19 IMPACT, Forecast, Value, Trends, Share, Industry, Revenue, Growth, Analysis, Companies, Outlook & Size

hungary furniture market Synopsis

The furniture market in Hungary is expected to experience significant growth during the forecast period (2020-2026). This can mainly be attributed to a rise in disposable income, increasing investment from international companies, and supportive government policies. The increased demand for modern furniture designs, an increase in purchasing power as well as rising consumer confidence are some of the other factors contributing towards this growth.

In 2020, the total value of furniture imports into Hungary was estimated at around USD 1.6 billion. Furniture imports rose by 8% compared to 2019 figures due to growing domestic demand for modern furnishings and home d?cor items. France has been one of major exporters of furniture products into Hungary over recent years owing its superior quality goods which are preferred by local customers. In addition, Germany and Italy have also become key suppliers given their lower prices through online channels such as Amazon and AliExpress among others.

Moreover, increasing investments made by international players such as IKEA have further propelled growth in the Hungarian market with many new stores being established across various cities including Budapest and Szeged among others. Domestic manufacturers are focusing on producing high quality products at competitive prices while investing heavily in research & development activities so that they can compete effectively with global players operating within the country?s borders

Key Highlights of the Report:

• Hungary Furniture Market Outlook
• Market Size of Hungary Furniture Market, 2019
• Forecast of Hungary Furniture Market, 2026
• Historical Data and Forecast of Hungary Furniture Revenues & Volume for the Period 2016 - 2026
• Hungary Furniture Market Trend Evolution
• Hungary Furniture Market Drivers and Challenges
• Hungary Furniture Price Trends
• Hungary Furniture Porter's Five Forces
• Hungary Furniture Industry Life Cycle
• Historical Data and Forecast of Hungary Furniture Market Revenues & Volume By Material Types for the Period 2016 - 2026
• Historical Data and Forecast of Hungary Furniture Market Revenues & Volume By Plastic for the Period 2016 - 2026
• Historical Data and Forecast of Hungary Furniture Market Revenues & Volume By Wood for the Period 2016 - 2026
• Historical Data and Forecast of Hungary Furniture Market Revenues & Volume By Metal for the Period 2016 - 2026
• Historical Data and Forecast of Hungary Furniture Market Revenues & Volume By Other for the Period 2016 - 2026
• Historical Data and Forecast of Hungary Furniture Market Revenues & Volume By Applications for the Period 2016 - 2026
• Historical Data and Forecast of Hungary Furniture Market Revenues & Volume By Residential for the Period 2016 - 2026
• Historical Data and Forecast of Hungary Furniture Market Revenues & Volume By Commercial for the Period 2016 - 2026
• Hungary Furniture Import Export Trade Statistics
• Market Opportunity Assessment By Material Types
• Market Opportunity Assessment By Applications
• Hungary Furniture Top Companies Market Share
• Hungary Furniture Competitive Benchmarking By Technical and Operational Parameters
• Hungary Furniture Company Profiles
• Hungary Furniture Key Strategic Recommendations