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Wooden furniture market size to grow by USD 49.3 billion, Insights on the key drivers and trends

NEW YORK, Nov. 30, 2022 /PRNewswire/ -- The wooden furniture market size is projected to grow by USD 49.3 billion, progressing at a CAGR of 2.73% from 2021 to 2026. Based on region, the global wooden furniture market is segmented into North America, South America, Europe, APAC, and MEA. APAC is estimated to contribute 46% to the growth of the global market over the forecast period. The increase in office space owing to the rise in the number of corporate offices will facilitate the wooden furniture market growth in APAC over the forecast period.

Technavio has announced its latest market research report titled Global Wooden Furniture Market 2022-2026Technavio has announced its latest market research report titled Global Wooden Furniture Market 2022-2026

Technavio has announced its latest market research report titled Global Wooden Furniture Market 2022-2026

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Wooden furniture market: Growth of the real estate and construction industries drives the growth

  • The growth of the real estate and construction industries is driving the wooden furniture market growth. The number of single-person and two-person households has increased, which has contributed to the rise of home construction. Moreover, the increase in investments in the global real estate market during the past decade has significantly fueled the global wooden furniture market. Developing economies are also witnessing the expansion of the real estate sector. Thus, the growth of the real estate and construction industry will drive the wooden furniture market growth during the forecast period.

Wooden furniture market: Increasing adoption of eco-friendly furniture is the key trend

  • The increasing adoption of eco-friendly furniture is a key trend in the market. Concerns regarding global warming have led to the adoption of eco-friendly furniture. Hence, consumers are purchasing eco-friendly furniture, such as furniture made from Moso bamboo. Moreover, several non-profit trade associations have introduced guidelines for the suppliers and manufacturers of eco-friendly furniture to promote health, environmental equilibrium, and well-being. Such factors will support the growth of the global wooden furniture market during the forecast period.

Download our exclusive report on the wooden furniture market covering market challenges, vendor analysis, and growth opportunities

Wooden furniture market: Segmentation analysis

This market research report segments the wooden furniture market by application (home and office) and geography (APAC, Europe, North America, South America, and Middle East and Africa).

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Buy the report!

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

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The upholstered furniture market size is expected to increase by USD 15.96 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.04%. Furthermore, this report extensively covers upholstered furniture market segmentation by distribution channel (offline and online) and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The home furniture and bedding market size in the US is projected to grow by USD 10.86 billion with a CAGR of 2.96% during the forecast period 2021 to 2026. Furthermore, this report extensively covers the market segmentation by distribution channel (offline and online) and product (living room furniture, bedroom furniture, storage furniture, and others).

Wooden Furniture Market Scope

Report Coverage

Details

Page number

138

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 2.73%

Market growth 2022-2026

USD 49.3 billion

Market structure

Fragmented

YoY growth (%)

2.22

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 46%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Ashcomm LLC, Danube Group, Duresta Upholstery Ltd., FABRYKI MEBLI FORTE SA, Global Furniture Group, Godrej and Boyce Manufacturing Co. Ltd., Haworth Inc., Herman Miller Inc., HNI Corp., Inter IKEA Holding BV, Kimball International Inc., Kinnarps AB, Natuzzi SpA, Nilkamal Ltd., Okamura Corp., Pan Emirates Home Furnishings, Samson Holding Ltd., Steelcase Inc., Turri Srl, and Williams Sonoma Inc.

Market dynamics

Parent market analysis; market growth inducers and obstacles; fast-growing and slow-growing segment analysis for the forecast period dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Consumer Discretionary Market Reports

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Global Wooden Furniture Market 2022-2026Global Wooden Furniture Market 2022-2026

Global Wooden Furniture Market 2022-2026

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SOURCE Technavio

Interior design student helps plant shop owner grow new business | WMU News

Contact: Erin Flynn
June 10, 2022
Interior design student helps plant shop owner grow new business | WMU News

Matt Collins, an interior design student from Mendon, Michigan, was lead designer for the new MJ Home store in downtown Kalamazoo.

KALAMAZOO, Mich.—A new business has sprouted up in downtown Kalamazoo, and a Western Michigan University student helped to cultivate its aesthetic.

"We want people to come in and feel peaceful and take a moment to breathe and relax, and to just really… feel warm and cozy," says Dianna Nance, owner of the new boutique home store MJ Home—sister store to Mason Jar Plant Shop. She tapped Matt Collins, a first-year interior design student, to help her make that vision a reality.

The seeds of the partnership were planted on social media. Collins worked in a restaurant next door to the plant shop and would often wander over on his breaks.

A display in a home furnishings store.

Collins designed displays to make shoppers feel at home.

"It was my little escape to go in there and be surrounded by all the plants," he says. One day he bought a plant and posted a picture of it on Instagram. "Dianna noticed it and said, 'I really like your living space, your style, how you stage things. I'm looking to open up a furniture and home decor shop, and I noticed you're an interior design student. I was wondering if you could help me design a concept for it.'"

Collins cracked open his textbooks and got to work, inspired by bohemian style. He also tapped into some of his connections from class and contacted two designers in Sweden to go over his ideas. Everything from color schemes to customer circulation and customer movement played a part in his design.

"He's brought a lot to the store," says Nance. "He's been great to work with, and he actually helped from the beginning with installing flooring and painting, all of that."

Collins had the chance to see his work pay off at the shop's grand opening June 1.

"When I see the reactions and how people interact with the space, something I created and helped create as a team, I love that. I feed off of that."

Nance even gave Collins space around the shop to show off his design sketches during Art Hop, a monthly event where downtown businesses display local artwork.

Design sketches laid out on a table.

Nance displayed some of Collins' sketches throughout the shop.

"I think (Western's program) is amazing, and I'm hopeful that this really is beneficial to not only him but the whole organization," Nance says. "I was in health care for 25 years, and I would hire people and say, 'I want you to build your resume here. I want you to do what it's going to take to get you to that next level. I hope that this is something that helps him along that journey and maybe will help others as well."

DESIGNING A FULFILLING FUTURE

Collins is a creative at heart.

"Growing up, interior design is something I was always involved in. In high school I would doodle in my notebook floor plans for my dream house, and I didn't know at the time that was a schematic design and part of the design process," he says. "My brother and my dad are very hands-on, mechanically and building. I was always in the background observing."

He wasn't sure how that passion might translate into a career, however, and initially enrolled at Western as an education major. It was a logical fit—Collins had done some substitute teaching—but as he took classes, he still felt something was missing. A conversation with Dr. Suzan Smith-Ayers, chair of the Department of Family and Consumer Sciences, illuminated a new path forward.

"We were talking about commitments in class, and it didn't seem fair to my future students that I'm not 100% into it," Collins says. Smith-Ayers mentioned the interior design program, which was also part of her department. "I always had that 'what if.' What if I never pursued (this passion)? And I decided to take a leap of faith, saying, 'I've got to do this.' And I have not looked back since. It never feels like a chore to study or anything. I would do it all day long if I could. I just love it."

The opportunity to design for MJ Home has only solidified his chosen path.

"To be in my first year in a design program and then have this project, it really did open my eyes. These are real experiences, real opportunities that are going to have a tremendous impact when it comes time to find career options," says Collins.

"I'm so appreciative of my professors—Mary Beth Janssen, Kim Buchholz, Dr. Ayers—for being extremely supportive, as well as some of the talented students in the design program who I've gotten to know. They all add to this journey of growth with my career path and education. And I'm especially appreciative of Dianna for allowing me to do this, because it really feels like I can feel, think and see clearly what's ahead."

For more WMU news, arts and events, visit WMU News online.