Wooden Furniture Market Research Analysis 2024-2033 | Size, Share, Growth Analysis, Insights

"The new report published by The Business Research Company, titled ""Wooden Furniture Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the wooden furniture market size has grown strongly in recent years. It will grow from $106.17 billion in 2023 to $113.13 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The wooden furniture market size is expected to see strong growth in the next few years. It will grow to $144.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.

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Construction Sector Surge Propels Growth In The Wooden Furniture Market
The growing construction sector is expected to boost the growth of the wooden furniture market going forward. The construction sector refers to the commercial area of industry and trade concerned with constructing, maintaining, and repairing infrastructures. Due to its natural cellular structure, wood is a better insulator than steel and plastic which keeps heating and cooling in homes and workplaces and consumes less energy. Wood furniture also helps to control humidity levels. Hence, the growing construction sector is expected to boost the wooden furniture market. For instance, according to the U.S. Census Bureau report on monthly construction spending in 2022, the construction spending is expected to be $1,744.8 billion in April 2022, a 0.8% rise from the revised March estimate of $1,740.6 billion. Moreover, in March 2022, according to the Indian Brand Equity Foundation (IBEF) report, the India-based promotion organization for the sale and distribution of Indian goods, India allocated $ 130.57 billion to enhance the country's infrastructure. Therefore, the growing construction sector is driving the growth of the wooden furniture market.

Wooden Furniture Market Trends Shift Towards Sustainable Solutions
Product innovation is the key trend gaining popularity in the wooden furniture market. Major companies operating in the wooden furniture market are focusing on developing new products to sustain their market position. For instance, in December 2022, Fancyarn, a US-based manufacturer of furniture, launched 100% eco-friendly oak tables and benches. These tables and benches have a unique feature in that they are built entirely of oak wood. The bench's fabric gives it a sophisticated appearance that works well with rustic surroundings. The end table has formaldehyde-free paint and is painted with only natural, certified solid oak wood.

The wooden furniture market covered in this report is segmented -

1) By Product: Chairs, Tables, Cabinets, Other Products
2) By Wood Type: Mango Wood, Sheesham Wood, Rubber Wood, Other Wood Types
3) By Material: Lamination, Plywood, Medium Density Fiberboard (MDF), Other Materials
4) By Distribution Channel: Hypermarkets, Specialty Stores, Online Retail, Other Distribution Channels
5) By Application: Residential, Commercial

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Major companies operating in the wooden furniture market report are AVY Interior Pvt Ltd., Kingfisher plc, Masco Corporation, NITORI Co Ltd., Kohler Co, Ashley Home Stores Ltd., Steelcase Inc., Herman Miller Inc., Haworth Inc., HNI Corporation, Okamura Corporation, Heritage Home Group LLC, Dorel Industries Inc., Knoll Inc., Ethan Allen Global Inc., Kimball International Inc., Bassett Furniture Industries, Inter IKEA Systems B.V., Bush Furniture, Bernhardt Furniture Company, Durham Furniture Inc., An Cuong Wood Working Materials, King Hickory Furniture Company, Good's Home Furnishings., Doimo Salotti, FAVOURITE DESIGN SDN. BHD., Stickley Furniture Inc., Great Veca Vn Co LTD., King Jade Industrial Co Ltd., San Lim Furniture Co Ltd.

Contents of the report:
1. Executive Summary
2. Wooden Furniture Market Report Structure
3. Wooden Furniture Market Trends And Strategies
4. Wooden Furniture Market - Macro Economic Scenario
5. Wooden Furniture Market Size And Growth
…..
27. Wooden Furniture Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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