Press release
Wooden Household Furniture Global Market Report 2024 - By Share, Size, Trends, Growth, Forecast To 2033
Wooden Household Furniture
The Business Research Company offers in-depth market insights through Wooden Household Furniture Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth 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..
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Market Segmentation:
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
Major Driver - 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 .
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Top Trend - 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.
The Table Of Content For The Market Report 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
…..
27. Wooden Household Furniture Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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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 specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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