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Your top source of business information on the furniture industry and market world-wide by CSIL
During the first half of 2020, the outbreak of Covid-19 has brought strong effects worldwide, affecting the furniture and the mattress markets, both from the demand and the supply side. The consequences on mattress consumption are still uncertain and may vary widely from country to country depending on the severity of the contagion, the length of the lockdown, the status of the economy in early 2020, and the ability to use resources to assist in the recovery.
CSIL recently processed sector forecasts (2020 and 2021) for major markets (and geographical areas) providing insights into the sector’s development in the first half of 2020, included in the report “The World Mattress Industry”
According to CSIL, the world upholstered furniture consumption is forecasted to decrease in 2020, but registering a lower decrease if compared to the whole furniture industry and rebounding faster in 2021.
The consequences of the Covid-19 pandemic on the world upholstered furniture consumption depend largely on the ability of the largest markets to mobilize resources to assist in the recovery and on the creation of opportunities for upholstery exporting countries to stimulate local consumption to absorb upholstered furniture made available as a consequence of a decrease in exports.
These forecasts are included in the CSIL report “The World Upholstered Furniture Industry” issued in June 2020.
The rapid development of the home office furniture segment is among the opportunities for manufacturers generated in these challenging times of pandemic. However, the evolution experienced over the last decade underlines an important contradiction: despite the number of people working at home has been increasing year by year at a world level, office furniture manufacturers progressively reduced the creation of specific office furniture products for teleworkers.
‘Home Office Furniture in Europe’, a brand new report by CSIL (September 2020), analyses the home office furniture market in Europe, basic data, evolution and sales by country, forecasts, demand, drivers, distribution channels, and competitive system.
CSIL Market Research has recently published results of a survey on a sample of one hundred office furniture dealers for an in-depth analysis of supply activity for small accounts in Europe.
The perspective of this research is not restricted to understanding the furnishing of office spaces but it has been conceived for a wider panorama of activities, like furniture for small hotels, B&B, bar/restaurants, co-working, and individual offices.
Re-conversion of production, re-thinking of communication, digital options and agile working. The furniture industry is modulating business to face the Covid-19 outbreak.
It was 2000 when CSIL approached the analysis of the working-from-home furniture segment for the first time.
Now we are back to study this segment and results of our research work will be published within June 2020.
Physical stores, flexibility and growth of e-commerce for the furniture industry. What is crucial today for furniture retailers in Europe?
The diffusion and the new possibilities opened by digital technologies do not simply entail the emergence of a new distribution channel, the online one, but also led to a major change in consumers’ purchasing patterns, which affects both pure online retailers and brick-and-mortar ones.
Cities are geographic concentrations of people, skills, economic activities and capital infrastructures, which are making them the key actors of the world economy’s growth. Cities began to emerge as strategic places for the new world economy because of their specialized differences and knowledge.
Companies willing to increase and extend their activities in a new market cannot disregard the development and peculiarities of the cities within a country.
Top Urban furniture markets. Potential demand and forecasts for 30 large cities | May 2019, I Ed. , 79 pages - 30 world cities to focus on in order to see where the international furniture and furnishings players can find good business opportunities in the coming years.
The total turnover of the 50 selected companies is worth around USD 750 billion, of which USD 208 billion comes from the sales of the major appliances considered in the analysis (refrigerators and freezers, washers and driers, dishwashers, hoods, cooking appliances, microwave ovens, air conditioners, vacuum cleaners). CSIL estimates that the total production of this industry reached USD 256 billion in 2018, corresponding to about 1 billion units.
CSIL Market Research Report ‘ Profiles of 50 major appliance manufacturers worldwide’ (2019) ranks 50 appliance manufacturers selected according to their volume of sales.
The Report can be purchased and downloaded at https://www.worldfurnitureonline.com/research-market/profiles-50-major-appliance-manufacturers-worldwide-0058569.html
The kitchen business is one of the most innovative segments of the furniture industry in terms of new materials, coverings, and devices. The CSIL analysis offers an accurate picture of the kitchen furniture industry worldwide focusing on 60 countries, selected according to their contribution to the international trade of kitchen furniture.
CSIL Market Research Report " World furniture outlook 2020" (2019) analyses the kitchen furniture market of 60 countries worldwide.
The Report can be purchased and downloaded at: https://www.worldfurnitureonline.com/research-market/world-furniture-outlook-0058524.html
The European market for bathroom furniture, furnishings and wellness is worth approximately EUR 12 billion. This figure includes bathroom furniture and accessories, WC seats, bathtubs and whirlpools, sanitary, faucets, shower screens, shower trays, and multifunctional shower booths. During 2018, the market registered an increase of 2.1% (year-on-year). The best performances were reported in Central East Europe, as well as in Spain.
CSIL Market Research Report ‘The European Market for Bathroom Furniture, Furnishings and Wellness’ (2019), provides an an in-depth analysis of the bathroom furniture and furnishings industry in Europe.
The Report can be purchased and downloaded at https://www.worldfurnitureonline.com/research-market/the-european-market-bathroom-furniture-furnishings-wellness-0058463.html