The Hospitality Industry in Europe continues to be the main locomotive of the contract furniture and furnishings sector, representing about 20% of the whole business.
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CSIL performed a financial analysis of the European lighting business based on a sample of 510 European companies active in the lighting sector, which presented consistent financial data for the period 2012-2016.
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Despite increasing sales, profitability was relatively lower compared to the Western region. Still, a few positive exceptions have emerged: Elba in Romania, Rabalux in Hungary and Vyrtych in the Czech Republic.
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The seventh edition of the CSIL report “The Contract Furniture and Furnishings Market in Europe” provides a comprehensive picture of the European contract furniture market with a focus on 17 countries.
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Today, major Chinese manufacturers of lighting fixtures (and related equipment) are mostly listed on the stock exchange. For some 30 companies among them it is possible to compare the 2016 and 2017 figures, and they are impressive. In one year, growth is approximately 15% on the domestic market and 12% abroad.
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