This statistic depicts the retail sales share of IKEA worldwide in fiscal year 2019, by product category. In FY19, living room related products held the second highest retail sales share, outside of the 'other' category, with a nineteen percent of share IKEA's global retail sales.

The global outdoor cat house and furniture market is projected to exhibit a CAGR of 6.8% during the forecast period of 2025-2033. This growth can be attributed to the rising pet ownership, increasing awareness of pet well-being, and growing demand for outdoor spaces for cats. Additionally, the expanding e-commerce industry is facilitating the accessibility of these products, further propelling market growth. The market is segmented into applications (online, specialized stores, supermarkets, others), types (fabric, metal, nylon, plastic, polyester, wood, other), companies (Go Pet Club, North American Pet Products, MidWest Homes For Pets, Ware Pet Products, PetPals Group, TRIXIE Pet Products, Ultra Modern Pet, Inter IKEA Systems, New Age Pet), and regions (North America, South America, Europe, Middle East & Africa, Asia Pacific). North America is expected to hold the largest market share due to the high pet ownership rate, followed by Europe and Asia Pacific. Asia Pacific is projected to witness the fastest growth rate owing to the growing pet population and increasing disposable income in the region.

Visiting the restaurant when going to IKEA is one of the popular pastimes alongside actually shopping for furniture. IKEA restaurant revenues only increased in recent years, amounting to 267 million euros in 2022. Diversified businesses As a company IKEA has diversified businesses, being active not just with furniture products and restaurants, but also houses and apartments. Increasing revenues were recorded in recent years, with 45.1 billion euros generated worldwide in 2024. Based on revenue, IKEA was also the leading furniture retailer in Germany. Germany leads in IKEA sales IKEA is popular all over the world for furniture shopping, but there are several countries which take the lead in terms of products sold. Germany was in first place, outstripping the U.S. and France.

The Saudi Arabia Home Furniture market is projected to grow at a CAGR of around 7.4% during the forecast period 2024-2030. Saudi Modern Factory Company, Ashley Furniture Industries Inc, IKEA, Oppein Home Group are top companies.

The U.S. home organization products market is valued at USD 11.79 Billion in 2023 and is projected to reach USD 16.15 Billion by 2030, registering a CAGR of 4.6% for the forecast period 2023-2030. Driving factor of the Home Organization Products

Rising awareness about benefits of home organization products

The benefits of Home Organization Products play a significant role in driving the Home Organization Products market. These benefits make organization products attractive to consumers and encourage them to invest in such products.

Benefits of home organization products:

Improved Efficiency

Products for home organizing make it easier for people to find and access goods. Time is saved, and the frustration of looking for items is reduced.

Maximized Space

They utilize vertical and covert storage options to maximize space, especially in tiny homes or flats.

Reduced Clutter

Stress and a sense of disorder can be brought on by clutter. Products for home organizing assist keep possessions orderly, reducing clutter and fostering a more relaxing environment.

Improved Aesthetics

Numerous organizational goods are made with aesthetics in mind, which contributes to making a house that is more aesthetically pleasant.

Increasing awareness about these products coupled with marketing strategies increasing adoption of home organization products worldwide. For instance, YouTube has become powerful platform in today’s world due to the growing penetration of internet in developing as well as developed countries. Many companies and youtubers are using these platforms to introduce, demonstrate the home organization products usability etc. In addition, DIY products videos becoming popular day by day among users.

For instance, IKEA has its YouTube channel with more than 271K subscribers assist its customers through its video of different products with real life use and appearance. 

(Source:www.youtube.com/@IKEA/videos)

Rising urbanization and growing residential construction in developing region

Rising urbanization and growing residential construction have a significant positive impact on the home organization products market. Urbanization often leads to smaller living spaces, such as apartments and condos, due to the high population density in cities. This limitation of space creates a need for efficient storage and organization solutions. Home organization products, such as compact shelving units, closet organizers, and space-saving furniture, become essential for urban dwellers who want to maximize their available living space.

According to the Statista; approximately a third of the total population in India lived in cities. The trend shows an increase of urbanization by almost 4 percent in the last decade, meaning people have moved away from rural areas to find work and make a living in the cities.

(Source:www.statista.com/statistics/271312/urbanization-in-india/#:~:text=Urbanization%20in%20India%202021&text=In%202021%2C%20approximately%20a%20third,a%20living%20in%20the%20cities.)

According to estimates from the World Population review, India’s population reached 1.4 billion people in the end of 2022. 

(Source:frontline.thehindu.com/news/explained-india-now-has-14-billion-people-what-does-it-mean-for-their-health/article66575826.ece)

According to the Statista; in 2022, approximately 65.2 percent of the total population in China lived in cities. The urbanization rate has increased steadily in China over the last decades.

(Source:www.statista.com/statistics/270162/urbanization-in-china/)

In 2015, Indian government has launched Pradhan Mantri Awas Yojana (Urban) Mission, which intends to provide housing for all in urban areas by year 2022. The Mission provides Central Assistance to the implementing agencies through States/Union Territories (UTs) and Central Nodal Agencies (CNAs) for providing houses to all eligible families/ beneficiaries against the validated demand for houses. This encourages the residential constructions in India. 

(Source:pmaymis.gov.in/)

The demand for efficient and space-saving organization solutions in urban areas is on the rise, driving the need for a wide range of home organization products.

Rising focus and implementation of minimalism in people's daily lifestyle

Restraining Factor of the Home Organization Products

Competitive market

The market for home or...

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Europe Home Furnishings Market Size 2025-2029

The Europe home furnishings market size is forecast to increase by USD 213.5 billion, at a CAGR of 7.1% between 2024 and 2029.

The market is experiencing significant growth, driven by the expansion of the real estate and construction industry. This sector's growth is fueled by increasing demand for new homes and renovations, leading to a rise in demand for furniture. Another key trend is the rising adoption of eco-friendly furniture, as consumers become more environmentally conscious. However, manufacturers and companies face challenges, including rising costs due to raw material prices and labor expenses. These factors necessitate strategic planning and cost management to maintain profitability In the market. The market analysis report provides a comprehensive overview of these trends and challenges, offering insights to help businesses navigate the dynamic market.

What will be the Size of the market During the Forecast Period?

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The market encompasses a diverse range of products designed to enhance the aesthetic and functional value of residential spaces. This market exhibits steady growth, driven by various factors including consumer preferences for comfort, style, and functionality. The market size is substantial, with continuous expansion fueled by increasing urbanization, rising disposable income, and a growing trend towards personalizing living spaces. Key trends in the market include the integration of technology, such as IoT-enabled smart home solutions, and a focus on electrical safety. 
Raw material suppliers and wholesalers play crucial roles in supplying the industry, while pricing and competitive strategies remain significant factors shaping market dynamics. Regulations, particularly those related to electrical safety, also influence market direction. The market includes both organized and unorganized sectors, with key players focusing on product innovation, quality, and customer service to differentiate themselves. Overall, the market presents a dynamic and evolving landscape, underpinned by a strong demand for products that enhance the comfort and functionality of residential spaces.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Offline
  Online


Product

  Home furniture
  Home textiles
  Floor coverings


Material

  Wood
  Plastic
  Fabric
  Metal
  Others


Geography

  Europe

    Germany
    UK
    France
    Italy

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. The market encompasses specialty stores and home decor chains as its major offline segments. Specialty stores, such as IKEA, Ashley Furniture, Raymour and Flanigan, and West Elm, focus on unique product categories and provide expert guidance to customers. Home decor chains, on the other hand, offer a wide product portfolio with seasonal discounts, pickup, and delivery services.

In the online segment, electrical systems are gaining prominence with the integration of IoT and electrical safety features. Driving factors include capital expenditure on clean energy technology, smart grid, renewable energy, and R&D programs. Regulations regarding electrical protection, load current, overload, and electrical faults are crucial considerations. Key players adopt mergers, joint ventures, and strategic partnerships to gain a competitive edge. Raw material suppliers, wholesalers, and pricing strategies also impact market dynamics.

Get a glance at the market report of share of various segments Request Free Sample

Market Dynamics

Our Europe Home Furnishings Market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Europe Home Furnishings Market?

The growth of real estate and construction industry is the key driver of the market. The market experiences growth due to the expansion of the real estate industry, leading to an increase in demand for furniture in offices, commercial complexes, and residential buildings. The rise In the number of single-person and two-person households has fueled residential construction activities, contributing to market growth. Additionally, the aging population, urbanization, and lifestyle preferences of Millennials have driven the demand for customized furniture. In response, manufacturers focus on producing portable, compact, and multifunctional furniture to cater to

This statistic illustrates which stores the French preferred when they wanted to buy a built-in kitchen, according to a survey taken in March 2017. Nearly 39 percent of households preferred to buy integrated kitchens in large furniture stores like Ikea, while less than 5 percent preferred second-hand offers.

In 2023, furniture and home furnishings store sales in the United States amounted to about 138.7 billion U.S. dollars, a decrease compared to the 143.7 billion recorded a year earlier. Furniture & Home Furnishings The home furnishings retail industry allows consumers to make their homes truly their own with their very choices of furniture and décor to adorn them. Style, affordability and functionality are the main reasons consumers give for shopping lifestyle furniture stores, such as IKEA and Williams-Sonoma.Demand for home furnishings is cyclical, influenced by housing starts, as desires to remodel and redesign are not necessary during slow economic times. Demand is also driven by consumer income. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through depth of products and superior customer service. Competition for home furnishing stores includes department stores, mass merchandisers, home improvement stores, furniture makers that have their own stores, and online and mail order retailers. Sustainable furniture on demand Increased consumer interest in home decoration is fueling new market growth. In particular, demand for organic home furnishing products is continuing to rise thanks to increased consumer awareness regarding the importance of choosing more environmentally friendly materials. Other factors driving market growth include availability of wider product ranges, regional market development and electronic media campaigns. Consumers are showing particular interest in natural products and alternative materials in the home furnishing products sector.

As of 2023, the average expenditure per consumer unit on furniture amounted to around 619 U.S. dollars in the United States. This figure falls into the range of 501 to 1,000 U.S. dollars, which about 20 percent of American shoppers expected to spend on furniture in 2024. U.S. Furniture Market Furniture and furnishings make up a central part of the home goods industry, which itself covers the manufacturing, distribution and retail of home furniture, household decorative accessories, home furnishings, appliances, cookware and gardening equipment. In 2023, the CPI (Consumer Price Index) for furniture and bedding sales in the U.S. amounted to nearly 136 points. The furniture and bedding market is comprised of a wide range of product categories. Sofas, loveseats, and bedding are the categories which lead the way in terms of consumer spending. Wayfair, IKEA, and Williams-Sonoma are some of the key retailers operating within the U.S. furniture market. Wayfair took the leading position in terms of sales as of 2023.

This statistic shows the total annual expenditure on furniture and furnishings in the United Kingdom (UK) from 2005 to 2023, based on volume. In 2023, UK households purchased approximately 19 billion British pounds worth of furniture and furnishings, down from 20 billion registered a year earlier. Furniture e-commerce in the UK Furniture was one of the most popular categories for online purchases in the UK in 2024, according to a study by Statista Consumer Insights. When it came to the wider furniture e-commerce market, the United Kingdom was a global leader in terms of revenue that year, as well. A lucrative global market The revenue of the global furniture market is expected to exceed 925 billion U.S. dollars by the end of the decade, and the United Kingdom is a large part of this market. To stay relevant, British companies must compete with popular online stores, such as JD.com (China), Amazon.com (the United States), and IKEA (Sweden). Fortunately, purchase trends in the UK seem relatively stable, despite small fluctuations.