Wooden Furniture Market Research Report by Current & Future Trends, Statistics To 2025
Category: #reports  By Rahul Varpe  Date: 2020-04-17
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Wooden Furniture Market Research Report by Current & Future Trends, Statistics To 2025

With the rapid development of high-rise commercial and residential complexes, consumers are purchasing an increased number of high quality products and opting for diversified design solutions. Substantial availability of beautifully crafted pieces of furniture that provide comfortability and adorns the homes of people are transforming the furniture products landscape globally, further driven by a surge in disposable incomes. Prominent reports suggest that in 2018, the residential segment had contributed over 65% toward global wooden furniture market share.

The Wooden Furniture Market is projected to expand from its present industry value of over USD 395 billion to more than USD 580 billion over the analysis timeframe.

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Owing to the expanding real estate sector and emergence of luxurious homes, global wooden furniture market size is poised to witness robust growth over the forecast years. Growing population in conjunction with changing lifestyle and increasing customer preference towards customized and unique furniture options will propel the demand for wood-based options. The ability to provide compact and portable solutions for indoor, outdoor and commercial uses will considerably outline wooden furniture industry trends.

As the world is becoming more conscious regarding the sustainability of the environment, the demand for eco-friendly products is increasing day by day. Today, furniture manufacturers have attracted a host of companies to introduce innovative furniture creations by adopting sustainable practices in their manufacturing processes. For instance, recently the Philippines’ Department of Environment and Natural Resources is ardent on expanding bamboo plantations and setting up processing plants on Panay Island to accelerate wood supply in the country, presenting new opportunities for wood furniture manufacturers.

Asia Pacific region is one of the biggest exporters of furniture worldwide and had accounted for more than 45% of the global wooden furniture industry share in 2018. The rise in advanced manufacturing equipment, superior technical skills of workers, as well as the rise of e-commerce has tremendously changed the facet of furniture domain. Emergence of large retail players and entry of global brands in the region, coupled with increased propensity to spend on top-notch products to raise the standard of living will strengthen the consumption of furniture.

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The landscape for luxurious and modern furniture brands has been changing dramatically, as interior designers and house owners give more focus to the layout of furniture within the overall design, which is the essential component of home décor. Growing consumer inclination towards lavish, long-lasting furniture with sleek designs have invariably escalated revenue prospects for wooden furniture industry and enhanced the product adoption amongst residential buildings. Online sales and delivery of furniture has considerably impacted the industry expansion.

Manufacturers and large scale retail companies are expanding their reach by producing high quality furniture to meet the demands of domestic and foreign markets, contributing enormously to the Asia Pacific wooden furniture market size. With growing competition among key industry players, engaged in mergers and acquisitions as well as manufacturing of innovative products, the region can be expected to depict augmented furniture consumption over the coming years.

Top Companies: -

An Cuong, Ashley Furniture Industries, Avy Interior Limited Company, Bassett furniture Industries Inc., Bernhardt Furniture Company, Bush industries Inc., Casta, Century Furniture, Doimo, Dorel Industries Inc., Ethan Allen Global Inc., EuroStyle, Hoang Moc Furniture, Hafele, Hooker Furniture Corporation, Hulsta group, Inter IKEA Systems B.V., Kinnarps AB, Klaussner Home Furnishing, Kvist Industries A/S, La-Z-Boy, Inc., Lifestyle Furniture, Man Wah Holdings Limited, Meike International Household Products Co. Ltd. (Markor furniture), Natuzzi S.p.A, Nitori Holdings Co. Ltd., Nobilia, Nolte Group, Nowy Styl Group, QuanU Furniture Philippines, Samson Holding Ltd., Sunon Inc., Sauder Woodworking Co., Sophia Home Furnishing Co.,Ltd, THINH PHU Import Export Company Limited, Thu Anh Home Interior, Yihua Life, Zhejiang Huafeng Furniture Co. Ltd.,

What is the gist of this report?

  1. A comprehensive pricing analysis has been carried out with regards to product spectrum, application scope, and regional landscape
  2. An in-depth documentation of the key market players and major companies to understand the competitive spectrum of the global market
  3. Extensive details about the regulatory framework impacting the industry, in tandem with rising investments by the major stakeholder of the global market
  4. All-detailed estimation of the numerous factors aiding the overall industry expansion, along with their influence on the market dynamics and projection of the global market
  5. An exhaustive abstract containing details about the various growth opportunities prevailing in the global market and recognition of important drivers
  6. A detailed analysis of the varied trends that exist in the global market that would enable identification of the several developments

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About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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