The sofa market - Spain

The global sofa market, a segment of the broader furniture industry, has been experiencing growth in recent years. Even though precise figures beyond 2025 are not provided in the text, we can infer trends based on the available data. In 2018, the world sofa market was estimated at about $67 billion and was projected to reach nearly $95 billion by 2025, growing at a CAGR of 5.1%. Spain, notable for its sofa production, had a sofa market worth €621.2 million in 2018, showing a robust 42% increase since 2014.

This growth was attributed to a significant rise in production intended primarily for domestic consumption. Spanish consumer trends indicated a preference for practical and efficient furniture like convertible sofas, driven by rising urban housing costs and smaller living spaces. The local consumption trend also suggested a favorability towards domestically produced furnishings. Online sales have been flourishing, doubling from 2015 to 2018, with major players such as Amazon and Corte Inglés leading the market. On the manufacturing side, the Spanish furniture industry registered 8,886 companies with a turnover of $2.89 billion in 2017. Distribution channels varied from large retailers, such as Ikea, to specialized high-end stores.

Regarding the regulatory environment, European directives, particularly the General Product Safety Directive, ensured a high safety standard for the products in the market. No specific data from 2020 onwards is provided, but these overarching trends and market structures offer a snapshot into the general state and potential future trajectory of the sofa market..The sofa market in the country is experiencing steady growth, mirroring the wider furniture market's positive trajectory. Sofas, considered essential for furnishing living spaces, are at the heart of this market expansion. 

Spain's furniture sector has seen consistent growth, with the market increasing by around 3% from 2016 to 2017, reaching a value of between €4.3 and €4.4 billion. The burgeoning bath and kitchen segments have spearheaded this expansion, but the sofa segment has also contributed notably to the sector's dynamism with a 4.6% growth rate. Focusing on the domestic sofa market, a combination of increased production (a 53% hike since 2014) and robust domestic demand has propelled the market size to approximately €620 to €630 million in 2018. Most production caters to the national market, as export growth has not matched production rates. Sofa manufacturing in Spain heavily favors wooden frame designs, which dominate national production by 77%, with metal frame options trailing at less than 20%. A mere fraction of the market is dedicated to convertible sofas. The trade balance reflects a marginal deficit, with imports of around €280 to €290 million slightly outweighing exports priced at about €230 to €240 million in 2018.

Notably, exports of metal frame sofas exhibit a healthy coverage rate, indicating a robust export market for this category. Household expenditure on furniture has consistently represented over 4% of total household expenses, with an average annual spending per household on furniture being between €1,350 and €1,400 in 2018, indicating a steady upward trend in consumer investment. The housing market heavily influences furniture demand, as new housing developments often precipitate new furniture purchases, including sofas. Building permits, a reliable indicator of real estate health, have surged by 36% from 2014 to 2018, although numbers are.

Key Players in the Spanish Sofa Market Landscape

The Spanish sofa market, a thriving component of the broader furniture industry, features a rich tapestry of manufacturers and distributors. These entities range from mass-market giants to high-end specialty stores, each carving out their niche in a bustling marketplace.

Manufacturers Stepping Up the Production Game : Within the production sphere, the market is governed by activity code 3109 "Manufacture of other furniture," which includes a broader range of furniture beyond sofas. Notable manufacturers that stand out in the sector include Kettal, renowned for their outdoor furniture expertise, and Glicerio Chaves Horneros, specialists in crafting exquisite bedroom furniture.

Distribution Channels : Uniting Producers and Consumers Moving products from factories to living rooms, wholesalers operate under the business code 4647. They serve as crucial intermediaries in the furniture and lighting markets. One of the prominent names here is Andreu World, whose impressive portfolio makes a significant dent in the wholesale trade figures. Retailers, coded under 4759, bring diversity to the distribution landscape. They range from large-scale stores to quaint specialty boutiques. Ikea Ibérica dominates this segment with its extensive reach and international brand recognition. Other notable players include Sarton Canarias, an Ikea management subsidiary in the Canaries, and Maisons du Monde España, which adds a touch of French flair to the Spanish home decor scene.

High-End Retailers and Department Stores : The Pinnacle of Sophistication In the posh streets and upscale malls, El Corte Inglés stands as a beacon of luxury, catering to the high-end market segment with refined taste. This chain of department stores offers an array of brands including Natuzzi Italia and Boconcept, with offerings that ascend to the heights of €4,000 for top-tier sofas.

Specialty Shops and the Premium Market : Shifting to the specialty market reveals exclusive names like If Divani, Housing, and Sofa Las Rozas. These stores operate in various Spanish cities, from Madrid to Marbella, each showcasing a curated selection of premium sofas for discerning customers with an eye for design and quality.

The Rise of E-commerce in Sofa Sales : The digital realm cannot be overlooked, as online sales have skyrocketed, led by global behemoth Amazon and supported by localized forces such as Mediamarkt and Conforama. These platforms have successfully capitalized on the growing trend of online furniture shopping. **Fairs and Exhibitions - Showcasing the Latest Trends**

Inforamtion

• Number of pages : ~ 40 pages
• Format : Digital and PDF versions
• Last update : 21/11/2021

Summary and extracts

List of charts presented in this market study

• Mercado mundial del mueble
• Marché du canapé en valeur
• Décomposition de la valeur du marché du canapé
• Structure de la production nationale
• Importations et exportations
• Structure des importations par code
• Structure des exportations par code
• Taux de variation interannuel des dépenses en ameublement
• Dépenses moyennes annuelles par foyer en ameublement
• Dépenses moyennes annuelles par personne en ameublement
• Répartition géographique des dépenses des ménages en ameublement
• Permis de construire délivrés par an délivrés par an
• Principaux fabricants enregistrés sous le code 3109
• Principaux grossistes du secteur de l'ameublement et luminaires
• Principaux détaillants de meubles et luminaires
• Valeur des ventes sur internet de meubles et décoration d'intérieur
• Principaux distributeurs en ligne d'ameublement
• Variation interannuelle du prix à la production des meubles
• Variation inter annuelle des prix industriels des meubles
• Indice du prix à la consommation des meubles