Horeca Furniture Market to Grow with a CAGR of 4.7% Globally through 2029
Rising
hospitality industry and changing consumer preferences are driving the Global
Horeca Furniture Market in the forecast period 2025-2029.
According to
TechSci Research report, “Horeca Furniture Market - Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029”, the
Global Horeca Furniture Market stood at USD 178.54 Billion in 2023 and is
anticipated to grow with a CAGR of 4.7% in the forecast period, 2025-2029. The
Global Horeca (Hotel, Restaurant, and Cafe) Furniture Market is a dynamic and
thriving sector that plays a pivotal role in shaping the ambiance and
functionality of hospitality establishments worldwide. The market is driven by
a confluence of factors that reflect the evolving trends in the hospitality
industry, changing consumer preferences, and the continual quest for innovation
and sustainability.
The rising
demand for Horeca furniture is closely tied to the growth of the hospitality
sector globally. As economies expand and disposable incomes rise, there is a
parallel increase in travel, tourism, and the establishment of new hotels,
restaurants, and cafes. This surge in Horeca establishments translates into a
growing need for aesthetically pleasing, durable, and functionally efficient
furniture. Whether it's the elegant furnishings of hotel rooms, the stylish
seating arrangements in restaurants, or the cozy ambiance of a cafe, Horeca
furniture plays a crucial role in creating memorable experiences for patrons.
Browse over xx
market data Figures spread through xx Pages and an in-depth TOC on
"Global Horeca Furniture Market”
One of the key
drivers of the Horeca furniture market is the changing landscape of consumer
preferences. Modern consumers are not only seeking quality food and
accommodations but also unique and immersive experiences. The furniture used in
Horeca establishments is a significant component in creating an atmosphere that
resonates with consumers. As a result, there is a growing emphasis on
innovative and trend-setting designs that align with contemporary interior
aesthetics. Additionally, sustainability has emerged as a critical factor
influencing consumer choices, leading to a shift towards eco-friendly materials
and production processes in the Horeca furniture market.
Despite the
optimistic outlook, the industry faces challenges that impact its growth
trajectory. Economic fluctuations and uncertainties can influence consumer
spending patterns, affecting the demand for furniture in the Horeca sector. The
COVID-19 pandemic, in particular, showcased the vulnerability of the market to
unforeseen disruptions, leading to temporary closures of Horeca establishments
and disruptions in the supply chain. Stringent quality and safety standards
also pose challenges, as manufacturers navigate complex regulations to meet
industry requirements. Additionally, changing consumer trends and preferences
necessitate constant adaptation by manufacturers to stay relevant in a
competitive market.
The Horeca
furniture market is marked by several notable trends that are shaping its
current landscape. The integration of technology into furniture design is
evident, with smart features such as built-in USB ports and wireless charging
capabilities becoming increasingly popular. Sustainability is a dominant trend,
with a focus on eco-friendly materials and manufacturing processes.
Customization is gaining prominence, allowing Horeca establishments to create
unique brand identities through bespoke furniture. The blurring of lines
between indoor and outdoor spaces is reflected in furniture designs that
seamlessly transition between the two. Finally, a heightened focus on comfort and
well-being is influencing the design of furniture to enhance the overall
experience for patrons.
The demand for Horeca furniture is
surging through online sales channels, reflecting shifting consumer habits and
industry trends. With the convenience of online shopping, businesses seek
efficient ways to furnish their establishments. This digital shift offers a
wide array of choices, streamlined purchasing processes, and often competitive
pricing. As the hospitality sector adapts to evolving market dynamics, online
platforms become pivotal in meeting the escalating demand for Horeca furniture.
In conclusion,
the Global Horeca Furniture Market is a dynamic and multifaceted industry that
responds to the evolving needs of the hospitality sector and changing consumer
preferences. Driven by factors such as the expansion of the hospitality
industry, the influence of consumer trends, and a commitment to sustainability
and innovation, the market continues to evolve. However, challenges such as
economic uncertainties, supply chain disruptions, and adherence to quality
standards necessitate adaptability and resilience from manufacturers and
stakeholders in the Horeca furniture market. As the industry navigates these
challenges and capitalizes on emerging trends, it remains a crucial player in
shaping the environments where people dine, stay, and socialize globally.
Major companies
operating in Global Horeca Furniture Market are:
- BK
Barrit
- Grand
Rapids Chair Company
- TON
a.s.
- Thonet
GmbH
- Kimball
International, Inc.
- Scab
Giardino S.p.a.
- Inter
IKEA Holding B.V.
- KI Furniture
- Moda
Seating Corp
- Emeco
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“Focus on
aesthetics and design in furniture is expected to have an impact on growth over
the forecasted period. Rising
hospitality industry and changing consumer preferences will positively impact
the Global Horeca Furniture Market. Due to the wide range of products available
to meet specific needs of, as well as the growing popularity of the online sales
channel, the market is growing at impressive rate through projected period,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Horeca Furniture Market – Global Industry
Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Beds,
Tables/Desks, Chairs/Stools, Sofa/Couches, Others), By Material (Wood, Metal,
Plastic, Others), By Distribution Channel (Online, Offline), By Region, By
Competition, 2019-2029”, has evaluated the future growth potential
of Global Horeca Furniture Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Horeca
Furniture Market.
Contact Us-
TechSci
Research LLC
420 Lexington
Avenue, Suite 300,
New York, United
States- 10170
M: +13322586602
Email: [email protected]
Website: www.techsciresearch.com