The year 2024 brought significant changes to the Polish furniture and interior design market, which grew by 2.9%. In the DIY sector, the increase in nominal terms was 1%. These figures indicate a recovery in the industry after a recent period of slowdown. The inflation rate has dropped significantly, which has increased the purchasing power of Polish consumers, making them more willing to spend on renovations and interior design. Another factor contributing to the growth was new construction investments, which increased the demand for DIY materials and interior design items.
The drop in inflation has contributed to an increase in purchasing power, which in turn has influenced Poles' purchasing decisions. Consumers, less burdened by price increases, are more willing to invest in renovations and furniture purchases. The increase in salaries also plays a key role. Higher earnings make it possible to carry out larger renovation projects and make purchases that were previously postponed. All this translates into an increase in consumption in the furniture and DIY sector, as observed by analysts from PMR Market Experts.
Experts emphasise that economic improvement, together with wage growth, is driving an increase in consumer spending. Consumers, feeling economic stability, are more inclined to invest in their homes and flats, which in turn contributes to growth in sectors such as furniture and DIY. This gives the market a chance to grow further, and designers and manufacturers can count on an increase in demand for their products.
An additional indicator of positive changes in the economy is the number of new construction investments. The growth of this sector generates a greater demand for construction and finishing materials, while stimulating development in the DIY segment. Companies in the industry are seeing increased interest from customers planning both small renovation projects and comprehensive finishing of new properties.
In summary, 2024 has started optimistically for the furniture and home furnishings market and the DIY sector. Lower inflation and rising wages have increased purchasing power, which in turn is boosting consumer spending. In addition, the increase in construction projects is creating new opportunities for the building materials and interior design industries. All these factors together are shaping the prospects for further development and stable growth in the coming months.
