Crafting Comfort: Wooden Household Furniture Market 2024 | Growth, Analysis, and Forecast

The wooden household furniture market size has grown steadily in recent years. It will grow from $163.61 billion in 2023 to $171.79 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to population growth, consumer lifestyle changes, economic conditions and disposable income, demographic factors, globalization and trade..

The wooden household furniture market size is expected to see steady growth in the next few years. It will grow to $203.82 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to sustainable and eco-friendly design, e-commerce growth, customization and personalization trends, urbanization and small living spaces, consumer preferences for natural materials.. Major trends in the forecast period include compact and space-saving solutions, innovative joinery techniques, digital visualization tools, mixed material combinations, wellness-centric designs, global design influences..

Market Overview -
Wooden household furniture refers to furniture items that are made primarily or entirely from wood and are intended for use in a home or domestic setting, including sofas, shutters, tables, chairs, and bath and vanity cabinets.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=9685&type=smp

The Surge In Residential Demand Propelling Growth Of The Wooden Household Furniture Market
The rising demand from the residential sector is expected to propel the growth of the wooden household furniture market going forward. The increasing global population and urbanization are leading to the construction of more residential buildings and homes, which in turn is driving up the demand for furniture. Wooden household furniture is a popular choice among homeowners due to its durability, versatility, and aesthetic appeal. For instance, in October 2023, according to the United States Census Bureau, a US-based principal agency of the federal statistical system, the number of privately owned housing units approved by building permits in February was 1,524,000 on a seasonally adjusted yearly basis. This is 13.8% more than the January rate, which was corrected to 1,339,000. Therefore, the rise in demand from the residential sector is driving the growth of the wooden household furniture market.

Competitive Landscape -
Major companies operating in the wooden household furniture market report are Inter IKEA Systems B.V., Godrej & Boyce Mfg. Co. Ltd., Herman Miller Inc., Steelcase Inc., HNI Corporation, Okamura Corp., Durian Industries Limited, Spacewood Furnishers Pvt. Ltd., Greenply Industries Limited, Haworth Inc., Knoll Inc., Kimball International Inc., Ashley Furniture Industries Inc., NITORI Co. Ltd., Dalian Huafeng Furniture Group Co. Ltd., Dorel Industries Inc., Sauder Woodworking Company, Suofeiya Home Collection Co. Ltd, La-Z-Boy Inc., Hooker Furnishings Corporation, Natuzzi Group, Kinnarps AB, Klaussner Furniture Industries Inc., Samson Holding Ltd., Man Wah Holdings Limited, American Woodmark Corporation, Bassett Furniture Industries Inc., Bernhardt Furniture Company, Brown Jordan International Inc., Century Furniture LLC .

Innovative Trends Reshaping The Wooden Household Furniture Market With A Focus On Sustainability
Product innovation is a key trend gaining popularity in the wooden household furniture market. Many customers are seeking wooden furniture built utilizing ecologically friendly production techniques and materials from sustainably derived sources as environmental concerns continue to rise. As a result, major companies operating in the market focus on developing sustainable and eco-friendly wooden furniture. For example, in January 2022, Silk & Snow, a Canada-based bedding company, launched a sustainable furniture line for bedrooms. This collection is handcrafted using organic and non-toxic ingredients and is constructed using a simple, tool-free method of Japanese joinery.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/wooden-household-furniture-global-market-report

Key Segments -
The wooden household furniture market covered in this report is segmented -
1) By Product: Chairs, Tables, Cabinets, Other Products
2) By Wood Type: Hardwood, Softwood
3) By Material: Plywood, Laminates, Medium-Density Fiberboard (MDF), Other Materials
4) By Distribution Channel: Online, Offline
5) By Application: Residential, Commercial

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.