Global Bamboo Furniture Market, By Type (Chairs, Stools, Beds, Others), Distribution Channel (Online, Offline), End-User (Residential, Commercial) – Industry Trends and Forecast to 2030.
Bamboo Furniture Market Analysis and Size
The commercial and residential furniture markets have seen significant demand increases. Consumers are increasingly choosing bamboo furniture because it is advantageous and sustainable. Nations such as India, China, and the United States are anticipated to hold 58% of the market share as the largest bamboo growers market. The market is expanding due to infrastructure building and a growing focus on using sustainable materials for furnishings.
Data Bridge Market Research analyses that the bamboo furniture market, valued at USD 12.10 billion in 2022, will reach USD 20.26 billion by 2030, growing at a CAGR of 6.65% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Bamboo Furniture Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Chairs, Stools, Beds, Others), Distribution Channel (Online, Offline), End- User (Residential, Commercial)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Greenington (U.S.), Hanssem Co. Ltd., (South Korea), Interwood (India), Itatiaia (Brazil), Lixil (Japan), CBG Bamboo Garden Products Co..,Ltd (China), Moso Bamboo (Netherlands), Utsav Handicraft (India), Luit Nirman (India), S. Senniah Gowder (India), Cane O Cane (India), Zhejiang Tianzhen Bamboo and Wood Development Co., Ltd. (China), Howdens Joinery Ltd., (U.K.), IKEA (Sweden), GEK GUAN RATTAN FURNITURE (M) SDN BHD (Malaysia), July Bambu Co. Ltd (Singapore)
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Market Opportunities
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Market Definition
Bamboo can be used to make beds, chairs, tables, stools, and other types of furniture. Bamboo is one of the hardest woods. They are strong, resistant to shrinking in dry and wet conditions, and environmentally friendly. They typically come in two colors, the light maple color and the amber shade of the wood.
Bamboo Furniture Market Dynamics
Drivers
- Growing use in the commercial and residential sectors
Long-term market demand is also boosted by elements such as a rise in restaurants, bars, and clubs worldwide. The market's growth is fuelled by hotel and office demand for bamboo furniture. Additionally, bamboo furniture is used in homes, apartments, and recreational spaces. Increasing consumer demand for luxurious, organic, and exquisite interior décor is anticipated to fuel demand for woven and crocheted furniture, leading to market expansion for bamboo furniture.
- Significant demand for environmentally friendly products
The demand for bamboo furniture is also accelerating due to the rising popularity of environmentally friendly products. As more people become aware of global warming and the environment, there is a rising demand for bamboo furniture worldwide. Bamboo releases 36 percent more oxygen than a tree and absorbs carbon dioxide 40% more effectively than other options. It reduces atmospheric carbon dioxide concentrations, the main contributor to global warming. As a result, consumers are switching to eco-friendly substitutes such as bamboo, which is excellent for furniture and decorative items. These factors are anticipated to drive the bamboo furniture market forward. The artistic appeal of bamboo furniture is another factor that will contribute to market value growth over the predicted period. In view of its mechanical strength, durability, availability, and aesthetic appeal, bamboo is becoming increasingly popular as a substitute for wood.
Opportunities
- The bamboo furniture market may benefit from laminating bamboo furniture
Similar to wood, a countless number of items can be constructed from bamboo. The material has a more genuine and eye-catching appearance after being laminated. Bamboo can also create furniture such as chairs, couches, bookshelves, cabinets, and tables. As laminated bamboo furniture loses the shape and characteristics of the raw bamboo from which it is made, designers have more creative freedom. These elements open up a market opportunity for the product.
Restraints/Challenges
- Negative results of climate conditions
The two things that harm bamboo the most are moisture and dampness. Using bamboo furniture outside in the rainy season is not recommended. Using a sturdy waterproof cover or a layer of outdoor sealant is necessary. In addition, too much moisture weakens the material and turns wood mushy. As a result, it weakens and loses its shape, which might kill the market for bamboo furniture.
- Easily infested nature restrains demand in the market
Since insects easily attack bamboo furniture, it must be thoroughly treated before use to off rot and insects. This element is expected to challenge the market growth rate for bamboo furniture.
This bamboo furniture market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bamboo furniture market, contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Global Bamboo Furniture Market Scope
The bamboo furniture market is segmented on the basis of by type, distribution channel, and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Chairs
- Stools
- Beds
- Others
Distribution Channel
- Online
- Offline
End- User
- Residential
- Commercial
Bamboo Furniture Market Regional Analysis/Insights
The bamboo furniture market is analysed and market size insights and trends are provided by country, type, distribution channel, and end-user as referenced above.
The countries covered in the bamboo furniture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Asia-Pacific dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors are attributable to the region's dominance, high investments, and improving living standards in China, India, and more. In addition, rising urbanization coupled with growing expenditure on home décor is driving the demand in the Chinese market. Furniture such as bamboo chairs, beach beds, and rattan chairs are increasingly popular in China. Additionally, the country is one of the major bamboo producers.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bamboo Furniture Market Share Analysis
The bamboo furniture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bamboo furniture market.
Some of the major players operating in the bamboo furniture market are:
- Greenington (U.S.)
- Hanssem Co. Ltd., (South Korea)
- Interwood (India)
- Itatiaia (Brazil)
- Lixil (Japan)
- CBG Bamboo Garden Products Co..,Ltd (China)
- Moso Bamboo (Netherlands)
- Utsav Handicraft (India)
- Luit Nirman (India)
- S. Senniah Gowder (India)
- Cane O Cane (India)
- Zhejiang Tianzhen Bamboo and Wood Development Co., Ltd. (China)
- Howdens Joinery Ltd., (U.K.)
- IKEA (Sweden)
- GEK GUAN RATTAN FURNITURE (M) SDN BHD (Malaysia)
- July Bambu Co. Ltd (Singapore)
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