The German furniture industry has experienced notable fluctuations in revenue over recent years, influenced by various economic factors and market dynamics. This analysis provides a comparative overview of the industry`s performance in 2023 and 2024, along with projections for 2025, offering valuable insights for professionals in the wood industry.

In 2023, the German furniture industry recorded revenues of approximately €19.9 billion. However, 2024 saw a decline, with revenues decreasing by 7.4% to €16.4 billion. This downturn was characterized by a 6.8% reduction in domestic sales, totaling nearly €11 billion, and an 8.6% drop in international sales, amounting to €5.4 billion. The export share remained at 33%.
Looking ahead, the German furniture market is projected to generate a total revenue of US$57.12 billion in 2025, with an anticipated annual growth rate of 2.84% (CAGR 2025-2029). This forecast suggests a potential recovery and growth trajectory for the industry.
The largest segment within the furniture market is the Living Room Furniture segment, which is estimated to have a market volume of US$14.84 billion in 2025. This indicates a sustained consumer interest in home furnishings, particularly in the living room category.

The German furniture industry has faced challenges in recent years, with a notable revenue decline in 2024 compared to 2023. However, projections for 2025 indicate a positive outlook, with anticipated growth and market expansion. Professionals in the wood industry should monitor these trends closely, considering factors such as consumer preferences, economic conditions, and global trade dynamics, to capitalize on emerging opportunities in the German furniture market.

For comprehensive information on market trends, prices, imports, exports, and industry forecasts, WoodBusinessPortal.com serves as a valuable resource for professionals seeking data-driven insights into the wood and furniture sectors.

Sources:
1. statista.com
2. interiordaily.com