Europe Sofa and Chair Market Size Will Hit USD 122 Billion by 2026
According to the report, The demand for Europe Sofa and Chair Market in 2019 was approximately USD 74 Billion. The market is expected to grow at a CAGR of 6% and is anticipated to reach around USD 122 Billion by 2026.
Sofa and Chair are essential parts of furniture that can be found in the homes, offices, and many hospitality businesses. Europe plays a crucial role in the sofa and chair industry in terms of production as well as its trade value in the international market. Europe is among the leading sofa and chair manufacturing region and has some of the renowned market players. Italy, Germany, and France are considered to be the main exporting countries of sofa and chair on a global scale. Europe has a rich history of furniture, and the leading companies of this market combine the classic and traditional design along with modern and innovative technologies, helping skilled workers in getting jobs and leading the region in the global market.
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The Sofa and Chair are considered to be the most common piece in the furniture and are available in various shapes and designs, and offers several fabric materials for the consumers to choose from. The growing demand for sofa and chair for homes and offices along with the surging income of the working class along with several distributors spread in various countries of the European region has significantly contributed to the growth of the market. The use of advanced technology for retaining the brand value in the international market along with increasing the output has accelerated the market demand. The introduction of multifunctionality features making the sofa and chair more comfortable and more purposeful has provided good growth opportunities for the market in the coming years.
The Europe Sofa and Chair market are segmented based on Sofa Type, Chair Type, Material, Style, Usage, and Application. As per sofa type segmentation, the market is divided into Leather Sofa, Fabric Sofa, Wood Sofa, and Others. Based on chair type segmentation, the market is classified into Backrest Chair, Multifunctional Chair, Folding Chair, Lounge Chair, Arm Chair, and Others. In terms of material, the market is bifurcated into leather, fabric, and Others. As per style analysis, the market is divided into Modern and Classic. Based on Usage, the market is categorized into Private Home, Office Usage, Indoor, Outdoor. As per the application type, the market is bifurcated into Household and Commercial.
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Some of the essential players operating in the Europe Sofa and Chair market, but not restricted to include Roche Bobois, Artek, BoConcept, Tom Dixon, B&B Italia, Poltrona Frau, Ligne Roset, Fritz Hansen, Luxxu, Boca Do Lobo.
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