Industry Statistics and Rankings
How does this industry perform in Spain compared to Europe?
Country Benchmarking
Industry Data Spain
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#6 In EuropeBusiness
#5 In EuropeEmployees
#7 In EuropeWages
#5 In EuropeEuropean furniture manufacturing revenue is slated to contract at a compound annual rate of 4.6% over the five years through 2024. Weak economic conditions, initially stemming from the COVID-19 pandemic but then worsened by the cost-of-living crisis, has weakened demand for new construction projects, reducing the number of new spaces that require furnishing. While builders saw a post pandemic boom in renovation activity, inflationary pressures weakened disposable incomes and caused people to cut their discretionary spending, limiting furniture purchases. Businesses have increasingly preserved cash and opted to postpone or cancel significant construction projects, especially after interest rates were hiked to help combat soaring inflation, causing the cost of borrowing to spike.
Enterprises
Number of businesses in 2024
Biggest companies in the Furniture Manufacturing in Spain
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Inter Ikea Systems BV | 30,051.1 | 2,288.7 | 7.6 | |
Howden Joinery Group plc | 2,856.0 | 504.4 | 17.7 | |
Nobilia-Werke (J Stickling GmbH & Co KG) | 1,754.9 | 131.5 | 7.5 |
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Top Questions Answered in this Report
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What is the market size of the Furniture Manufacturing industry in Spain in 2024?
The market size of the Furniture Manufacturing industry in Spain is €7.9bn in 2024.
How many businesses are there in the Furniture Manufacturing in Spain industry in 2024?
There are 19,845 businesses in the Furniture Manufacturing industry in Spain, which has grown at a CAGR of 12.4 % between 2019 and 2024.
Has the Furniture Manufacturing industry in Spain grown or declined over the past 5 years?
The market size of the Furniture Manufacturing industry in Spain has been growing at a CAGR of 12.4 % between 2019 and 2024.
What is the forecast growth of the Furniture Manufacturing industry in Spain over the next 5 years?
Over the next five years, the Furniture Manufacturing industry in Spain is expected to grow.
What are the biggest companies in the Furniture Manufacturing market in Spain?
The biggest companies operating in the Furniture Manufacturing market in Spain are Inter Ikea Systems BV, Howden Joinery Group plc and Nobilia-Werke (J Stickling GmbH & Co KG)
What does the Furniture Manufacturing in Spain include?
Office and shop furniture and Kitchen furniture are part of the Furniture Manufacturing industry.
Which companies have the highest market share in the Furniture Manufacturing in Spain?
The company holding the most market share in Spain is Inter Ikea Systems BV.
How competitive is the Furniture Manufacturing industry in Spain?
The level of competition is high and steady in the Furniture Manufacturing industry in Spain.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Furniture & Home Furnishings Repair in Spain
Complementors
- Medical & Dental Instrument & Supplies Manufacturing in Spain
- Railway Equipment Manufacturing in Spain
- Specialised Design Activities in Spain
- Home Textile & Soft Furnishing Manufacturing in Spain
Table of Contents
About this industry
Industry definition
Furniture manufacturers produce a range of furniture, including furniture for offices and shops, kitchens, mattresses, sofas, garden furniture, beds, cabinets and drawers. The industry caters for a range of markets, including businesses and consumers.
Related Terms
Woodworking MachineryPlywoodSide-Opening TambourWhat's included in this industry?
Office and shop furnitureKitchen furnitureMattressesCompanies
Inter Ikea Systems BVHowden Joinery Group plcNobilia-Werke (J Stickling GmbH & Co KG)Industry Code
31 - Manufacture of furniture in Spain
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Furniture Manufacturing in Spain industry?
Outlook
Analysis
What's driving the Furniture Manufacturing in Spain industry outlook?
Volatility
Analysis
What influences volatility in the Furniture Manufacturing in Spain industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Furniture Manufacturing in Spain industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Furniture Manufacturing in Spain industry's products and services performing?
Analysis
What are innovations in the Furniture Manufacturing in Spain industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Furniture Manufacturing in Spain industry?
International Trade
Highlights
- Total Imports into Spain
- Total Exports into Spain
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Larger manufacturers leverage their brands. Established furniture makers continually invest into their designs and presence in the market to grab hold of more of the market.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Furniture Manufacturing in Spain located?
Companies
Data Tables
Top 11 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Furniture must meet safety regulations. For upholstered furniture, manufacturers have to make sure they meet safety requirements relating to the products’ flammability.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Furniture Manufacturing in Spain industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Price competition restricts profitability. Furniture manufactures compete with other European producers, as well as low-cost imported products, so competing on price at the expense of profitability helps to secure sales.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Furniture Manufacturing in Spain industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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