The term "home furniture" describes the group of goods that physically fill a home. Retailers of home furnishings comprise both independent and national chains. The demand for furniture for homes has increased as a result of the growing necessity of moving and settling down. The market for home furniture is expected to grow significantly as a result of rising demand for smart furniture. Customers are buying furniture for their homes as a result of the furniture's quality declining more and more.
Netherlands Home Furniture Market Driving Factors and Challenges
Drivers: People's increasing environmental consciousness and preference for morally and responsibly consuming goods is one of the key factors contributing to a positive market outlook. Apart from this, the furniture makers' growing emphasis on using recycled and reclaimed materials and sourcing wood and other resources from sustainably managed forests is expected to fuel the industry's growth. Additionally, as environmentally friendly production techniques, they are using water-based adhesives, low volatile organic compound finishes, and energy-efficient manufacturing processes to minimize their environmental impact. Furthermore, a number of well-known companies are urging customers to return used furniture for recycling and offer repair services.
Challenge: When it comes to furnishing their homes, the middle class these days favors buying cheap, used items over expensive ones. This is expected to impede market expansion. Furthermore, fierce competition from disorganized key players in various nations throughout the world is impeding the expansion of major companies' businesses. It is projected that shifting raw material prices combined with varying import and customs taxes on fixture items in many different countries across the world will provide obstacles to the industry's overall growth.
Impact of COVID-19 on Netherlands Home Furniture Market
The COVID-19 pandemic's effects on consumer behaviour and manufacturing trends have made digitalization and automation even more important for the furniture industry. Price-conscious, tech-savvy customers are driving furniture manufacturers to rethink their current processes and demand competitive pricing and customized shopping experiences. Conversely, advances in digital technology and communication tools allow furniture executives to save costs, boost operational efficiency, and respond faster to changes in customer demand.
Netherlands Home Furniture Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Beliani, Hay Design, Home24, Ikea, Leen Bakker, Meubella, Next direct, Otto.
Netherlands Home Furniture Market Segmentation:
By Raw Material: Based on the Raw Material, Netherlands Home Furniture Market is segmented as; Wood, Metal, Plastic, Others.
By Category: Based on the Category, Netherlands Home Furniture Market is segmented as; Indoor, Outdoor.
By End-User: Based on the End-User, Netherlands Home Furniture Market is segmented as; Residential, Office, Hotel, Others.
By Region: This research also includes data for Germany, France, U.K., Denmark, Norway, Sweden, Rest of Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.