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Wooden Household Furniture Market Trends, Top Companies, Share, Growth And Forecast 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Wooden Household Furniture Market Size, Growth Rate, And Forecast
The global wooden household furniture market size is expected to grow from $153.77 billion in 2022 to $160.18 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wooden household furniture market size is expected to reach $188.26 billion in 2027 at a CAGR of 4.1%.
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Wooden Household Furniture Market Drivers
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.
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Wooden Household Furniture Market Segments
• By Product: Chairs, Tables, Cabinets, Other Products
• By Wood Type: Hardwood, Softwood
• By Material: Plywood, Laminates, Medium-Density Fiberboard (MDF), Other Materials
• By Distribution Channel: Online, Offline
• By Application: Residential, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the wooden household furniture market.
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Wooden Household Furniture Market Key Players
Major competitors in the wooden household furniture market include Inter IKEA Systems B.V., Godrej Interio, Herman Miller Inc., Steelcase Inc., HNI Corporation, Okamura Corp., Durian Industries Limited, Spacewood, Greenply Industries Limited, Haworth Inc., Knoll Inc., Kimball International Inc., Ashley Furniture Industries.
The Business Research Company's "Global Wooden Household Furniture Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Wooden Household Furniture Market Include:
1. Executive Summary
2. Wooden Household Furniture Market Characteristics
3. Wooden Household Furniture Market Trends And Strategies
4. Wooden Household Furniture Market - Macro Economic Scenario
5. Wooden Household Furniture Market Size And Growth
……
26. Africa Wooden Household Furniture Market
27. Wooden Household Furniture Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wooden Household Furniture Market
29. Wooden Household Furniture Market Future Outlook and Potential Analysis
30. Appendix
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