Living Room Furniture - Sweden

Sweden

In 2024, the revenue in the Living Room Furniture market in Sweden amounts to SEK €2.18bn.
It is projected that the market will experience an annual growth rate of 7.16% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment with an estimated value of €67,770m in 2024.
In terms of per capita, each person in Sweden contributes to a revenue of SEK €204.40 in 2024.
The Swedish market for living room furniture is currently experiencing a surge in demand for minimalist and sustainable designs.

Key regions: China, Germany, Brazil, France, United States

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Living Room Furniture market in Sweden has been experiencing steady growth in recent years, driven by customer preferences for modern and functional furniture, as well as local special circumstances and underlying macroeconomic factors.

Customer preferences: in Sweden are leaning towards modern and minimalist designs in living room furniture. Swedish consumers value clean lines, simplicity, and functionality in their furniture choices. This preference is reflected in the market, with a growing demand for sleek and contemporary living room furniture pieces. Additionally, Swedish consumers prioritize sustainability and eco-friendly materials, driving the demand for furniture made from renewable resources and with low environmental impact. Trends in the market indicate a shift towards multifunctional furniture pieces that maximize space utilization. With the average size of living spaces in Sweden being relatively small compared to other countries, there is a growing need for furniture that serves multiple purposes. This has led to an increase in the popularity of convertible sofas, storage ottomans, and modular furniture systems that can be easily rearranged to adapt to changing needs. Swedish consumers are also embracing smart home technology, leading to a rise in the demand for furniture with integrated charging stations, built-in speakers, and other tech features.

Local special circumstances: such as the high cost of living and limited living space, have influenced the development of the Living Room Furniture market in Sweden. The high cost of housing in major cities has led to smaller living spaces, prompting consumers to prioritize furniture that is space-saving and multifunctional. Additionally, the Swedish lifestyle emphasizes simplicity and minimalism, which is reflected in the design and functionality of living room furniture.

Underlying macroeconomic factors: have also contributed to the growth of the Living Room Furniture market in Sweden. The country has a strong economy with high disposable income levels, allowing consumers to invest in quality furniture for their homes. Furthermore, the favorable interest rates and stable housing market have encouraged homeowners to renovate and upgrade their living spaces, driving the demand for new furniture. In conclusion, the Living Room Furniture market in Sweden is developing in response to customer preferences for modern and functional designs, as well as local special circumstances and underlying macroeconomic factors. The market is witnessing a trend towards multifunctional furniture that maximizes space utilization, and there is a growing demand for eco-friendly and sustainable materials. The high cost of living and limited living space in Sweden have also influenced the market, leading to the popularity of space-saving and minimalist furniture designs. Overall, the Living Room Furniture market in Sweden is driven by the combination of consumer preferences and favorable economic conditions.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.