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Lun - Ven, 9:00 - 18:00 h (EST)
Lun - Ven, 9:00 - 18:00 h (EST)
Lun - Ven, 9:00 - 17:00 h (SGT)
Lun - Ven, 10:00 - 18:00 h (JST)
Lun - Ven, 9:00 - 18:00 h (GMT)
Lun - Ven, 9:00 - 18:00 h (EST)
Key regions: Worldwide, United States, China, India, Germany
The Furniture market in Romania has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends, and favorable macroeconomic factors.
Customer preferences: in the Furniture market in Romania have shifted towards modern and functional designs, as consumers seek furniture that not only enhances the aesthetics of their homes but also provides practicality and convenience. This shift in preferences has led to an increased demand for modular furniture, multi-functional pieces, and space-saving solutions. Additionally, there is a growing interest in sustainable and eco-friendly furniture, with consumers showing a preference for products made from recycled materials or sourced from sustainable forests. Trends in the market indicate a rising demand for online furniture shopping in Romania. The convenience and ease of online shopping, coupled with a wide range of options and competitive prices, have attracted an increasing number of consumers to purchase furniture online. This trend has been further accelerated by the covid-19 pandemic, which has led to a surge in online shopping across various industries. As a result, furniture retailers in Romania are increasingly focusing on enhancing their online presence and providing a seamless digital shopping experience to cater to the changing consumer behavior. Local special circumstances in Romania also contribute to the development of the Furniture market. Romania has a growing middle class with increasing disposable income, which has fueled consumer spending on furniture. Additionally, the country has witnessed a rapid urbanization trend, with more people moving to cities and seeking new homes or renovating existing ones. This has created a demand for furniture, as individuals and families look to furnish their new spaces or upgrade their interiors. Underlying macroeconomic factors have played a significant role in the growth of the Furniture market in Romania. The country has experienced a stable economic growth rate, which has led to an improvement in living standards and increased consumer purchasing power. Furthermore, favorable government policies and incentives have encouraged foreign investments in the furniture industry, leading to the establishment of international furniture retailers and manufacturers in Romania. This has not only expanded the market but also introduced new designs, technologies, and quality standards to the local industry. In conclusion, the Furniture market in Romania is developing in response to changing customer preferences, emerging trends,
Local special circumstances: and favorable macroeconomic factors. The shift towards modern and functional designs, the rise of online furniture shopping, the growing middle class, rapid urbanization, and stable economic growth are all contributing to the growth and development of the market. As the market continues to evolve, furniture retailers in Romania will need to adapt to these trends and preferences to stay competitive and meet the evolving needs of consumers.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.Lun - Ven, 9:00 - 18:00 h (EST)
Lun - Ven, 9:00 - 18:00 h (EST)
Lun - Ven, 9:00 - 17:00 h (SGT)
Lun - Ven, 10:00 - 18:00 h (JST)
Lun - Ven, 9:00 - 18:00 h (GMT)
Lun - Ven, 9:00 - 18:00 h (EST)