The German furniture industry is certainly able to hold its own in the face of international competition. Compared to the study of 2014, furniture buyers are now somewhat more demanding. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for communication. Retrieved November 12, 2020, from https://www.statista.com/outlook/17000000/137/furniture/germany, "Furniture - Germany." Discover other market segments and categories related to your topic. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for restaurants and hotels. Reading Support The credit is shown in gross terms with the exception of credit to central governments which is shown in net terms. Women have higher demands than men, especially when it comes to visual aspects, but also when it comes to cleaning the products. We show you how this market will develop over the coming years, what is important to consumers when buying furniture and how you can best use this knowledge for your online shop. The industry leader IKEA is regarded as the clear pioneer of the omnichannel in stationary sales, as well as online sales, in the “Home & Living” segment. The indicator is valued at the current exchange rate of the respective year versus the US$. Other European countries (Poland, France, Turkey, Spain, the Netherlands), on the other hand, do not even record half of German sales in this sector. The weights of the components vary by country according to local consumption patterns. Last year, Germans spent a total of 22 billion euros on sofas, tables, chairs and the like. 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". The 60-year-old Duffner is the managing director of Vivonio Furniture GmbH in Munich and already acted as VDM president from 2008 to 2014. German magazine “möbel kultur” (furniture culture) has repeated its cooperation with North Rhine-Westphalia’s wood and furniture industry associations (Verbände der Holz- und Möbelindustrie Nordrhein-Westfalen) to again present a study of the latest figures, graphics and analyses from the furniture industry. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for transport (U.S.=100). High levels of indebtedness can indicate the formation of a bubble that can cause an economic downturn. yoy, -11.2% Although some retailers already use 3D product visualisations or augmented reality apps, eCommerce cannot completely replace the stationary shopping experience. With a market volume of US$233,037m in 2020, most revenue is generated in the United States. To this end, blackbee supports manufacturers and retailers in the Home & Living sector and gives them the market transparency they want. At the same time, this increase in online furniture purchases is mainly driven by younger couples and families. Moreover, aesthetic reasons coupled with the need for consumers to be comfortable in their apartment, as evidenced by the Living Room and Dining Room segment being the largest segment of the Furniture market, and the adoption of online shopping are major contributing factors to the constant growth of the market. Included are both consumption of goods as well as services (cleaning and cobblers). With an increase in e-commerce, companies are moving towards selling their goods online. Skilled workers in the industry use various machines, tools and CAD/CAM to contribute to the design and manufacture of the furniture. | 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). The German furniture industry is highly competitive with the presence of both local as well as international players. Unmovable household objects (e.g. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for restaurants and hotels (U.S.=100). Here it is shown as a percentage of total gross domestic product (GDP). Company shares below 5% are attributed to the category “Others”. This means, there is now a 14 percent ecommerce share in the German furniture industry. | Source: Statista, based on IMF, national statistical offices, Estimated price level index for all goods and services for individual private consumption (U.S.=100). The indicator is valued at the current exchange rate of the respective year versus the US$. | Source: Statista, based on OECD, The indicator shows the share of unemployed people in the selected region, defined as persons without work that seek employment, as a percentage of the total labor force. print catalogs), in the Furniture market Retailers and manufacturers in the Home & Living sector can only remain competitive if a well thought-out pricing and product range is put in place. The definitions of labor force and unemployment differ by country. The furniture industry is a labour-intensive and dynamic sector dominated by small and medium-sized enterprises (SMEs) and micro firms. 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. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for recreation and culture (U.S.=100).
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