Furniture and Decoration Industry
The furniture and decoration sector is a significant component of the global economy, encompassing the design, production, and sale of various products, including furniture, home accessories, and decor items. These products contribute to the aesthetics, functionality, and comfort of homes, offices, and various spaces, playing a crucial role in people’s daily lives.
In Turkey, the furniture sector has historically been dominated by small businesses, but in recent years, medium and large-scale enterprises have also become prominent. The growth in Turkey’s furniture industry is particularly noteworthy in terms of exports, starting from 2001. Faced with domestic demand contractions due to economic crises, companies shifted their focus to foreign trade, leading to a significant increase in furniture exports. In 2001, furniture exports amounted to $192 million, reaching $3.422 billion in 2020.
Furniture and Decoration Sector Report
The global furniture and decoration sector is currently in the midst of remarkable expansion, projecting substantial growth trends. According to Statista’s analysis, the worldwide home decoration market is poised to exhibit a robust 5.33% growth rate from 2024 to 2028, reaching an impressive market volume of $158.40 billion by 2028.
Insightful forecasts from the Business Research Company indicate an anticipated 6.8% growth rate in the global furniture and home furnishings stores market, foreseeing a substantial increase to $653.17 billion by the year 2028. In the realm of decoration, a promising growth trajectory is expected, with a projected 5.70% increase in the global market from 2024 to 2028, culminating in a market volume of $36.33 billion in 2028. This positive outlook is attributed to heightened activity in decoration projects, a surge in disposable incomes, and an escalating demand for furniture.
The landscape of furniture and wood exports in 2020 was dominated by key players such as China, Vietnam, Poland, Italy, and Germany, collectively contributing to the expansion of the global market. The report underscores not only the pivotal roles played by residential and commercial segments but also emphasizes the influential factors of rapid urbanization and an increased emphasis on aesthetics.
What are the Furniture and Decoration Industry Exhibitions?
I Saloni Salone Del Mobile Fair: I Saloni Salone De Mobile Milano, the world’s largest trade fair in its field, takes place every year at Fiera Milano in Milan. The fair, which has many product categories, has a line that combines modern technology and nature.
Interzum Cologne: Interzum, the International Furniture and Woodworking Fair, brings together industry professionals, decision makers, manufacturers and designers every two years in Cologne. The fair, which is the heart of the furniture sub-industry, exhibits products that combine technology and functionality.
IMM Cologne: Held annually in Cologne, this fair feature a unique exhibition showcasing the year’s trends, colors, designs and technological innovations. IMM Cologne is a good choice for accessing this unique range of industry services.
Index Dubai: Held every year at the Dubai Trade Center; products for every budget and taste, custom-made or bespoke designs will be exhibited. You can attend this fair to meet the experts, architects and designers of the sector.
Maison & Objet Paris: Maison & Objet, the International Home Furnishings and Decoration Fair, meets its visitors in Paris, the city that inspires in every subject. Maison Objet Fair, organized twice a year in Paris-Nord Villepinte, offers great designs for the furniture and decoration sector and continues to be an important meeting point for the sector.
High Point Furniture Market: Unique designs for furniture, interior design and decoration are exhibited in this very unusual and prestigious fair that transforms the city of High Point in the USA into a huge fairground. You can attend this fair, which is a source of inspiration for the sector, and find the chance to develop your own initiative.
Which Sector Companies Can Participate in The Furniture and Decoration Exhibitions?
The furniture and decoration sector in Turkey has shown promising growth and continues to do so thanks to strong export potential, increasing domestic demand and supportive government policies. If you are interested in products such as furniture, interior design, home textiles, home textiles, lighting, floor coverings, kitchen and bathroom accessories, you can find inspiration and collaboration opportunities by attending these exhibitions.
Furniture and decoration fairs are just for you to explore the opportunities in this growing market and take your venture into the future.
