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.
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Wooden furniture market: Growth of the real estate and construction industries drives the growth
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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
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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.
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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Wooden Furniture Market Scope |
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Report Coverage |
Details |
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Page number |
138 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.73% |
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Market growth 2022-2026 |
USD 49.3 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
2.22 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 46% |
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Key countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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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. |
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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 |
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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. |
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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
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