Albany, NY -- (SBWIRE) -- 10/17/2016 -- 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.

The home furnishings market in Europe to grow at a CAGR of 3.5% during the period 2016-2020. A major trend in the bathroom furniture segment is the use of the country or rustic style, involving the use of pale, pastel colors and traditional styling. IKEA's STORJORM mirror cabinets cater to the bathroom furniture segment and have gained considerable consumer interest due to the unique styling of this range. IKEA and Steinhoff are the major players in the market.

The report covers the present scenario and the growth prospects of the home furnishings market in Europe for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of home furnishing products.

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Technavio's report, Home Furnishings Market in Europe 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- IKEA
- JYSK
- Steinhoff International
- Walmart

Other prominent vendors
- API
- Amazon
- Balta Industries NV
- Beauflor Vinyl Tiles
- Beaulieu Group LLC
- Carrefour
- Costco Wholesale
- Forbo Holding Limited
- Herman Miller
- Johnsonite
- Kaindl Flooring GmbH
- Oriental Weavers Group
- RAK Ceramics
- V&B Fliesen
- Wayfair

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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