duration of the video: 10"
Presentation of the latest data about the world furniture industry from CSIL, independent research and consulting company that studies and constantly monitors the global furniture markets since the 80s. This contribution illustrates the most recent and expected trends in the furniture sector through a comparative analysis by geographical area and countries focusing on the impact of the COVID-19 pandemic on furniture production and consumption.
The COVID-19 pandemic has caused disruptions along the entire value chains with difficulties in sourcing production inputs such as raw materials and components as well as in delivering goods and accessing the markets. Still, with the lockdown experience, the furniture market has generally benefitted from consumers inability to travel and spending less in other areas of discretionary spending. Consumers' preferences in investing in their homes' furnishing seemed a general trend. Online distribution channels' positive dynamic also supported this trend. The analysis is backed by CSIL exclusive data, summarised and commented by one of CSIL senior market experts.