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In a difficult market environment, the German furniture industry will continue to hold its own in 2019, which has just begun. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for clothing and footwear (U.S.=100). The furniture industry encompasses the creation and sale of furniture for offices, hotels, homes, schools and businesses. “With omnichannel concepts that combine stationary showrooms with online distribution channels and technological innovations, as well as uncomplicated and consumer-friendly exchange processes for online purchases, retailers can overcome the existing resistance. At the same time, this increase in online furniture purchases is mainly driven by younger couples and families. The German furniture industry is certainly able to hold its own in the face of international competition. | Source: Statista, Displayed is the typical rate for corporate income. In 2020, the estimated revenue of the industry is €24.2 billion. Some of the prominent companies include Otto, Amazon.de, Dedon, Siematic and Nolte. An increase would mean that the country benefited from improved terms of trade that allow it to purchase more import goods for the same amount of exports. All the more so when it is possible, in close cooperation with the retail trade, to place greater emphasis on the topics of living and furnishing "Made in Germany". Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for alcoholic beverages, tobacco and narcotics. This means, there is now a 14 percent ecommerce share in the German furniture industry. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for communication. Only a few retailers are already developing into omnichannel providers. Values are always rounded to 5% steps. Numbers above 100 signal that prices are on average higher in this region than in the U.S., numbers below would mean prices in this region are on average lower than in the U.S. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for food and non-alcoholic beverages (U.S.=100). yoy, Revenue development in DIY and furniture retail in Germany 2012-2024, Total revenue of leading furniture and home decor online shops in Germany 2019, Leading retailers ranked by turnover in Europe 2019, Leading furniture retailers ranked by turnover in Europe 2019, Main wooden kitchen furniture import partners of Denmark 2019, by import value, Main wooden kitchen furniture export partners of Denmark 2019, by import value, Main wooden bedroom furniture import partners of Denmark 2019, by import value, Main wooden bedroom export partners of Denmark 2019, by import value, Furniture - Germany. Conversely, as in other sectors, it is often the case that consumers decide to buy the product online after consulting with stationary retail. | Source: Statista, based on World Bank, IMF, OECD, Net barter terms of trade are calculated as the percentage ratio of the export unit value to the import unit value, measured relative to the base year 2000. Discover other market segments and categories related to your topic. | Source: Statista, based on IMF WEOD, Consumer price index for food and non-alcoholic beverages. New, Figures and insights about the advertising and media world, Industry Outlook The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. His term of office is three years are excluded as well as tableware, cutlery and other small objects, while this market outlook includes both B2C (business to consumer) and B2B (business to business) sales (e.g. Jacobstraße 5 And almost 10 percent made the purchase at a pure online retailer, while another 4 percent bought furniture through the online portal of a furniture store. This is also shown by the sources of information. Included are both consumption of goods as well as services (cleaning and cobblers). Retrieved November 12, 2020, from https://www.statista.com/outlook/17000000/137/furniture/germany, "Furniture - Germany." Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for education. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for other goods and services (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation and exchange rate data . In global comparison, most revenue is generated in the United States (US$233,037m in 2020). In our latest market analysis, we take a closer look at the “Home & Living” sector. This group inlcudes the purchase of vehicles, maintenenace of vehicles as well as transportation services. You can find further source information in the methodology section. Ecommerce News, Amazon opens first European air freight center, 69% of Germans only want to shop online on Black Friday, Zalando acquires body scanning tool Fision, German ecommerce: top 5 accounts for 47% of top 100’s revenue, Biggest online furniture retailers in Germany. This is clearly reflected in an increased price sensitivity of 25 percent. The indicator is valued at the current exchange rate of the respective year versus the US$. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for alcoholic beverages, tobacco and narcotics (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). yoy, -11.2% In contrast, the Food market in the Consumer Market Outlook covers only certain segments of processed food and excludes for example fresh food, oils and fats and some other items. The indicator is valued at the current exchange rate of the respective year versus the US$. You can find the source in the data box in the lower left corner. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for restaurants and hotels (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation and exchange rate data . The “Revenue” box shows the forecasted revenue development of the selected market (market segment, region) in million US dollars for each year. The indicator is valued at the current exchange rate of the respective year versus the US$. Furthermore, the durability of a product, an attractive appearance and functionality are the three most important criteria for buying furniture on the Internet. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for housing, water, electricity, gas and other fuels (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation and exchange rate data . If you continue to browse our website, you consent to the use of cookies with these functionalities. Also, although furniture sometimes has a decorative, symbolic or religious purpose, the focus lies on the furniture with a primarily functional role and the market is segmented accordingly. Germany: Revenue in the Furniture market amounts to US$44,748m in 2020. The market is fragmented with the players occupying the traditional space. | Source: Statista, based on Economist, Displayed is the standard rate. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for furnishings, household equipment and routine maintenance of the house. Germany's furniture industry has reached a high standard in manufacturing technology. These include personal care products and services, personal items like watches and jewellery as well as all other products and services not mentioned elsewhere. The distribution channel Offline covers all purchases in stationary stores, via telesale or mailorder (e.g. Reading Support With the growing variety of suppliers, brands and makers, consumers are comparing prices and features more than ever before. The industry also includes accompaniments for those pieces of furniture, for instance, upholstery, mattresses, and furnishings. in million US$. With the leap in eCommerce sales expected over coming years, the big furniture advance is beginning in the furnishings industry. Other European countries (Poland, France, Turkey, Spain, the Netherlands), on the other hand, do not even record half of German sales in this sector. A total of 40 percent of women buy furniture and household goods on the Internet, whereas only 33 percent of men do so. This was said by Jan Kurth, the managing director of VDM, the association of the German furniture industry. The market is expected to grow annually by 2.3% (CAGR 2020-2025). With an increase in e-commerce, companies are moving towards selling their goods online. Wood Chips - Bark - Off Cuts - Sawdust - Shavings, Wood Components, Mouldings, Doors & Windows, Houses, Laminate, cork and multiple layer flooring, Office Furniture And Home Office Furniture, UK urges timber traders to prepare for changes starting 2021, North American softwood lumber prices fall sharply, Covid Import-Export new logistic strategies in USA, Virtual Indonesia WoodShow to hold a groundbreaking event for global players in the ASEAN markets this December, Sweden's roundwood stocks on a downward trend.

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