Abstract
Overview
Introduction
Verdict Research: This report analyses the furniture market conditions of each of the EU25 member states. It explores the dynamics, growth trends, drivers and key indicators and provides detailed recommendations. It also profiles the top operators in the market including IKEA, Conforama and Lutz Group and covers market share performance in the six major European furniture markets.
Scope
- Proprietary data on market value, specialists sales and growth 2001 -2006 data for each of the 25 EU countries.
- Key data on total expenditure, selling space, store numbers, sales densities and per capita expenditure for all 25 EU countries.
- Extensive profiles of the major EU furniture retailers, data on sales densities, space and store portfolio analysis, retail proposition and analysis.
- Detailed chapters on six core European furniture markets, with market shares of leading players, recent developments and future outlook.
Highlights
With growth 2.1% the European furniture market increased at its fastest rate of the new century in 2006, illustrating that the EUR120bn sector is starting to recover from the doldrums. The furniture renaissance is largely due to better macroeconomic conditions and buoyant housing markets across the EU.
The global champion IKEA, one of the first retailers to internationalise its operations, is in a league of its own. Its 14.6% market share is twice the combined share of its four nearest competitors (Conforama, Lutz, Nobia, Home Retail Group) and the chasing pack are still a long way off from challenging the Swedes.
The polarisation of the sector into premium at one end and a strong discounting segment on the other will continue. EDLP and discount operators such as IKEA, Conforama and Lutz will continue to aggressively expand and capture further share from other retailers, whose value credentials are less clearly communicated.
Reasons to Purchase
- Learn how difficult market conditions are driving competition among furniture retailers and what the outlook will be in the short to medium term.
- Understand how evolving consumer behaviour is forcing retailers to develop new product, sales and marketing strategies to appeal to a wider market.
- Identify the success stories and growth prospects of the key competitors and benchmark their performance against the market.
Table of Contents
- CHAPTER 1 EXECUTIVE SUMMARY
- Key Findings
- Main Conclusions
- CHAPTER 2 EUROPEAN MARKET - ECONOMIC OVERVIEW
- Key Findings
- Key Messages
- GDP
- Consumer Expenditure
- Inflation
- Interest Rates
- Employment
- CHAPTER 3 EUROPEAN MARKET - DEMOGRAPHIC OVERVIEW
- Key Findings
- Key Messages
- Trends
- Growth by Country
- Age Breakdown
- Consequences for Retailers
- Households
- Urban Population
- CHAPTER 4 EUROPEAN MARKET - RETAIL SPENDING
- Expenditure
- Retail Share
- Spend by Country
- Growth
- Per Capita
- CHAPTER 5 FURNITURE MARKET STRUCTURE
- Key Messages
- Expenditure
- Specialists Sales
- Specialists Space
- Specialists Store Numbers
- Specialists Store Sizes
- CHAPTER 6 THE FURNITURE MARKET IN FRANCE
- Market sizes in France
- Recent Developments & Trends
- Market Shares of Leading Furniture Retailers in France
- Outlook for Furniture Retailing in France
- CHAPTER 7 THE FURNITURE MARKET IN GERMANY
- Market sizes in Germany
- Recent Developments & Trends
- Market Shares of Leading Furniture Retailers in Germany
- Outlook for Furniture Retailing in Germany
- CHAPTER 8 THE FURNITURE MARKET IN ITALY
- Market sizes in Italy
- Recent Developments & Trends
- Market Shares of Leading Furniture Retailers in Italy
- Outlook for Furniture Retailing in Italy
- CHAPTER 9 THE FURNITURE MARKET IN THE NETHERLANDS
- Market sizes in the Netherlands
- Recent Developments & Trends
- Market Shares of Leading Furniture Retailers in the Netherlands
- Outlook for Furniture Retailing in the Netherlands
- CHAPTER 10 THE FURNITURE MARKET IN SPAIN
- Market sizes in Spain
- Recent Developments & Trends
- Market Shares of Leading Furniture Retailers in Spain
- Outlook for Furniture Retailing in Spain
- CHAPTER 11 FURNITURE MARKET IN THE UK
- Market sizes in the UK
- Recent Developments & Trends
- Market Shares of Leading Furniture Retailers in the UK
- Outlook for Furniture Retailing in the UK
- CHAPTER 12 STRATEGIC ISSUES
- Market Issues
- Furniture Boulevards
- Key Drivers
- Increasing Number of Households
- Buoyant Housing Market
- Ageing Demographic Profile
- Opportunities
- Future Challenges
- CHAPTER 13 COMPANY COMPARISONS
- Overview
- CHAPTER 14 HOME RETAIL GROUP
- Company Overview
- Recent Key Developments
- Sales Performance
- Benchmarks
- Store Portfolios
- Outlook
- CHAPTER 15 IKEA
- Company Overview
- Recent Key Developments
- Sales Performance
- Benchmarks
- Store Portfolio
- Outlook
- CHAPTER 16 JYSK
- Company Overview
- Recent Key Developments
- Sales Performance
- Benchmarks
- Store Portfolio
- Outlook
- CHAPTER 17 LUTZ GROUP
- Company Overview
- Recent Key Developments
- Sales Performance
- Benchmarks
- Store Portfolio
- Outlook
- CHAPTER 18 NOBIA
- Company Overview
- Recent Key Developments
- Sales Performance
- Benchmarks
- Store Portfolio
- Outlook
- CHAPTER 19 PPR
- Company Overview
- Recent Key Developments
- Sales Performance
- Benchmarks
- Store Portfolio
- Outlook
- CHAPTER 20 FURNITURE BUYING GROUPS
- --
- CHAPTER 21 GLOSSARY
- Definitions
- CHAPTER 22 APPENDIX
- USD conversion tables
- List of Tables
- Table 1: Consequences of population change for retailers 2005-2015
- Table 2: EU retail expenditure 2000-2005
- Table 3: EU retail expenditure growth 2000-2005
- Table 4: Total retail spend per country - EU15 2000-05
- Table 5: Total retail spend per country - 10 new member states 2000 & 2005
- Table 6: Total EU25 furniture market overview 2001 & 2006
- Table 7: EU15 furniture market overview 2001 & 2006
- Table 8: EU furniture expenditure 2001-2006
- Table 9: EU furniture growth rates 2001-2006
- Table 10: Expenditure on furniture by country (€m) 2001-2006
- Table 11: % share of EU25 furniture expenditure by country 2001 & 2006
- Table 12: Furniture expenditure as % of all retail expenditure by EU country 2001 & 2006
- Table 13: Sales through specialist retailers of leading EU countries and EU overall 2001-2006
- Table 14: EU furniture specialists sales growth rates 2001-2006
- Table 15: Specialist sales by country 2001-2006
- Table 16: % share of EU25 specialist sales total by country 2001 & 2006
- Table 17: Furniture specialists selling space (000 sq m) by EU25 country 2001-2006
- Table 18: % share of furniture specialists selling space total by EU25 country 2001 & 2006
- Table 19: EU furniture specialists store numbers by country 2001-2006
- Table 20: % share of furniture specialists store numbers (000) by EU25 country 2001 & 2006
- Table 21: France furniture expenditure & specialist sales 2001-2006
- Table 22: France furniture specialists 2001-2006
- Table 23: France furniture market shares 2006
- Table 24: Germany furniture expenditure & specialist sales 2001-2006
- Table 25: Germany furniture specialists 2001-2006
- Table 26: Germany furniture market shares 2006
- Table 27: Italy furniture expenditure & specialist sales 2001-2006
- Table 28: Italy furniture specialists 2001-2006
- Table 29: Italy furniture market shares 2006
- Table 30: Netherlands furniture expenditure & specialist sales 2001-2006
- Table 31: Netherlands furniture specialists 2001-2006
- Table 32: Netherlands furniture market shares 2006
- Table 33: Spain furniture expenditure & specialist sales 2001-2006
- Table 34: Spain furniture specialists 2001-2006
- Table 35: Spain furniture market shares 2006e
- Table 36: UK furniture expenditure & specialist sales 2000-2006
- Table 37: UK furniture specialists 2001-2006
- Table 38: UK furniture market shares 2006
- Table 39: Leading European furniture retailers sales 2006
- Table 40: Leading European furniture retailers EU market shares 2006
- Table 41: Leading European furniture retailers store portfolios 2006
- Table 42: Home Retail Group company overview 2007
- Table 43: Home Retail Group trading record (£m) 2003-2007
- Table 44: Home Retail Group trading record (€m) 2003-2007
- Table 45: HRG benchmarks 2006 and 2007
- Table 46: HRG store portfolios 2003-2007
- Table 47: Argos selling space development 2003-2007
- Table 48: Homebase selling space development 2003-2007
- Table 49: IKEA company overview 2007
- Table 50: IKEA trading record 2002-2006
- Table 51: IKEA benchmarks 2005 and 2006
- Table 52: IKEA store estate 2006 and 2007
- Table 53: IKEA selling space development 2005 and 2006
- Table 54: JYSK company overview 2006
- Table 55: JYSK turnover 2002-2006
- Table 56: JYSK benchmarks 2005 and 2006
- Table 57: JYSK store portfolio 2005 and 2006
- Table 58: JYSK selling space development 2005 and 2006
- Table 59: Lutz Group company overview 2007
- Table 60: Lutz Group trading record 2002-2006e
- Table 61: Lutz Group benchmarks 2005 and 2006
- Table 62: Lutz Group store estate 2005 and 2006
- Table 63: Lutz Group selling space development 2005 and 2006
- Table 64: Nobia company overview 2007
- Table 65: Nobia trading record (SEKm) 2001-2006
- Table 66: Nobia trading record (€m) 2001-2006
- Table 67: Nobia benchmarks 2005 and 2006
- Table 68: Nobia Central European region store portfolio 2007*
- Table 69: Nobia Nordic region store portfolio 2007*
- Table 70: Nobia UK region store portfolio 2007
- Table 71: Nobia selling space development 2005-2006
- Table 72: PPR company overview 2007
- Table 73: PPR trading record 2001-2006
- Table 74: Conforama trading record 2001-2006
- Table 75: Conforama benchmarks 2005 and 2006
- Table 76: Conforama store portfolio 2005 and 2006
- Table 77: Conforama store portfolio 2004-2006
- Table 78: Euro - dollar exchange rates 2000-2006
- Table 79: Total retail spend per country - EU15 2000-05
- Table 80: Total retail spend per country - 10 new member states 2000 & 2005
- Table 81: EU 25 furniture specialists sales by country 2001-06
- Table 82: Leading European furniture retailers sales 2006
- Table 83: Leading European furniture retailers market shares 2006
- List of Figures
- Figure 1: GDP: Top 10 countries in European Union 2005
- Figure 2: GDP growth forecast of Top 10 EU countries 2006 & 2007e
- Figure 3: GDP: Other 15 countries in European Union (€50bn+) 2005
- Figure 4: GDP: Other 15 countries in European Union (€50bn-) 2005
- Figure 5: GDP growth forecast of other 15 European Union countries (4.5%+) 2006 & 2007
- Figure 6: GDP growth forecast of other 15 European Union countries (4.5%-) 2006 & 2007
- Figure 7: Consumer expenditure of Top 10 European Union countries 2005
- Figure 8: Consumer expenditure forecast growth of Top 10 European Union countries year-on-year 2006 & 2007e
- Figure 9: Consumer expenditure: Other 15 countries in European Union (€35bn+) 2005
- Figure 10: Consumer expenditure: Other 15 countries in European Union (€35bn-) 2005
- Figure 11: Expenditure forecast growth of other 15 European Union countries year-on-year (6.0%+) 2006 & 2007e
- Figure 12: Expenditure forecast growth of other 15 European Union countries year-on-year (6.0%-) 2006 & 2007e
- Figure 13: Harmonised Index of Consumer Prices - growth of Top 10 EU countries 2004 & 2005
- Figure 14: Harmonised Index of Consumer Prices - growth of other 15 EU countries (2.6%+) 2004 & 2005
- Figure 15: Harmonised Index of Consumer Prices - growth of other 15 EU countries (2.6%-) 2004 & 2005
- Figure 16: Central bank interest rates, official lending rates 2005/06
- Figure 17: ECB interest rates 2001-07
- Figure 18: BoE interest rates 2001-07
- Figure 19: Total unemployment rates of Top 10 EU countries 2000 & 2005
- Figure 20: Total unemployment rates of other 15 EU countries (7.7%+) 2000 & 2005
- Figure 21: Total unemployment rates of other 15 EU countries (7.7%-) 2000 & 2005
- Figure 22: EU population totals (000s) by country 2005
- Figure 23: Five year trends in total EU population growth 2000-2020e
- Figure 24: Forecast population growth (%) for the Top 10 countries in EU by GDP - 2015 on 2005
- Figure 25: Forecast population growth (%) for other EU countries 2015 on 2005
- Figure 26: Historical changes in EU age breakdown 2005e on 1995
- Figure 27: Forecast changes in EU age breakdown 2015e on 2005e
- Figure 28: Comparison of EU age groups 2005e & 2015e
- Figure 29: Top 10 EU countries by GDP - household numbers 2005
- Figure 30: Other EU countries household numbers 2005
- Figure 31: Top 10 EU countries by GDP - average household size in 2005
- Figure 32: Other EU countries average household size in 2005
- Figure 33: Comparison of EU countries by urban population % - Top 10 EU countries by GDP - 2006
- Figure 34: Comparison of EU countries by urban population % - Other EU countries - 2006
- Figure 35: Top Six EU member states retail growth % 2000-2005
- Figure 36: EU-15 retail spend and change % 2000-2005
- Figure 37: New member states spend and change % 2000-2005
- Figure 38: EU25 retail spend and change % 2000-2005
- Figure 39: EU retail spend as % of total consumer expenditure 2000 & 2005
- Figure 40: Growth in EU retail spend by country 2005 on 2004
- Figure 41: EU per capita retail spend 2000-2005
- Figure 42: EU15 per capita retail spend by country 2005
- Figure 43: New member states per capita retail spend by country 2005
- Figure 44: Furniture spend change % in leading EU states 2006 on 2001
- Figure 45: Furniture expenditure per capita EU15 2006
- Figure 46: Furniture expenditure per capita new member states 2006
- Figure 47: Furniture specialists sales densities EU15 (€/sq m) 2006
- Figure 48: Furniture specialists densities new member states (€/sq m) 2006
- Figure 49: EU15 furniture specialists average store size (sq m) 2006
- Figure 50: Furniture specialists average store size new member states (sq m) 2006
- Figure 51: Furniture market issues 2007
- Figure 52: Domus Rosny - near Paris 2006
- Figure 53: Household number growth and drivers 2006
- Figure 54: Average house price rises 2004 & 2005
- Figure 55: Housing ownership in EU15 2005e
- Figure 56: Housing ownership in rest of EU 2005e
- Figure 57: Historical changes in EU age breakdown 2005e on 1995
- Figure 58: Forecast changes in EU age breakdown 2015e on 2005e
- Figure 59: Growth opportunities for furniture retailers 2007
- Figure 60: Future challenges for furniture retailers 2007
- Figure 61: EU 15 furniture sales densities 2006
- Figure 62: New member states grocers densities 2006
