Global Wooden Furniture Market, By Product Type (Hardwood, Softwood), Application (Residential, Commercial), Distribution Channel (Retail, Mass Market Players, Furniture Store, Monobrand Furniture Stores, Online) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Wooden furniture market is expected to grow at a compound annual growth rate of 5.70% for the forecast period of 2021 to 2028. Wooden furniture market report analyses the growth, which is currently being growing due to the high growth of real estate and hospitality industries.
The rapid change in consumer buying behavior along with the presence of large scale manufacturers is one of the primary factors driving the wooden furniture market growth rate. Moreover, the increasing spending on new residential construction and technological advancements is also fueling the growth of the wooden furniture market in the forecast period of 2021 to 2028.
Also the market is largely driven by the increase in outdoor furniture demand. While, the rapidly rising spending on new residential construction and technological advancements is one of the major factor driving the growth of the wooden furniture market in the above mentioned forecast period. Also, the increasing disposable incomes, high growth of real estate and hospitality industries and growing demand for luxury and premium furniture from certain consumer sections are highly impacting the growth of the wooden furniture market. Likewise the escalating number of nuclear families is increasing resulting in demand for portable and space-saving products as well as the high demand for flexible and multi-functional products that present portability and can easily be accommodated in small spaces are also boosting the growth of the target market. In addition, the growing renovation and remodeling investments along with rising outdoor furniture trends and rising disposable income will further bring various opportunities that will lead to the growth of the wooden furniture market in the above mentioned forecast period. Moreover, the growing demand for living room furniture followed by bedroom and kitchen and dining furniture is also fueling the market growth in the forecast period of 2021 to 2028.
However the limited availability of skilled labor, longer product replacement cycles, environmental concerns along with rising manufacturing cost will obstruct the growth of the wooden furniture market in the above mentioned forecast period, whereas the high cost and need to enhance supply chain visibility and effectiveness have the potential to challenge the growth of the target market.
This wooden 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, geographical expansions, technological innovations in the market. To gain more info on wooden 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 Wooden Furniture Market Scope and Market Size
Wooden furniture market is segmented on the basis of product type, application and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the wooden furniture market is segmented into hardwood and softwood.
- On the basis of application, the wooden furniture market is segmented into residential and commercial. Residential is further segmented into kitchen and dining, living room, bedroom, outdoor and others. Commercial is further segmented into office, hotels and others.
- Based on distribution channel, the wooden furniture market is segmented into retail, mass market players, furniture store, monobrand furniture stores and online.
Wooden Furniture Market Country Level Analysis
Wooden furniture market is analyzed and market size, volume information is provided by country of product type, application and distribution channel as referenced above.
The countries covered in the wooden 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, Israel, Egypt, South Africa, 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 is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the shifting consumer inclination towards multifunctional furniture, rising influence of western cultures and trends, growing popularity for modular kitchen and lighting and the easy availability of raw materials in the region.
The country section of the wooden furniture market 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 consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Wooden Furniture Market Share Analysis
Wooden 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 wooden furniture market.
The major players covered in the wooden furniture market report are Ashley Furniture Industries, Inc., AVY Interior, Bassett Furniture Industries, Bernhardt Furniture Company, Bush Industries Inc., Century Furniture LLC, DOIMO, Dorel Industries Inc., Ethan Allen Global, Inc., Euro Style, Furniture MOC, Hafele, Hooker Furniture, hülsta-werke Hüls GmbH & Co. KG, Kinnarps AB, Klaussner Home Furnishing, Kvist Industries A/S, La-Z-Boy, Incorporated, Lifestyle Furniture, Nolte Group, Nowy Styl and QuanU Furniture Philippines, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Wooden Furniture Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.