Home Furnishings Market in Europe to Grow at a CAGR of 3.5% During Forecast 2016-2020
In 2015, the home furniture market in Europe accounted for the highest market share in the home furnishings market in Europe. Multi-functional furniture is gaining in popularity in the home furniture market in Europe. The demand for luxury home furniture is expected to increase during the forecast period, boosting the market growth. The living room and bedroom furniture segments generate the majority of the sales, followed by the kitchen segment in terms of consumer spending on luxury home furniture.
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