Side Table Market Share & Size Analysis, Growth, Trends, Report, 2024-2032

The global side table market size hit USD 12.66 billion in 2023. The market is anticipated to rise from USD 13.12 billion in 2024 to USD 19.03 billion by 2032, exhibiting a CAGR of 4.75% during the analysis period.

Side tables cater to furnishing requirements and come in various shapes. The demand for these tables is slated to spur with the mounting trend of customized and luxury furniture.

The COVID-19 pandemic severely impacted the demand for the side table due to disruptions in the supply chains and manufacturing processes. On the other hand, adoption of work from home culture was recorded. This boosted product demand in residential spaces across the globe.

Fortune Business Insights™ provides this information in its research report, titled "Side Table Market, 2024-2032".

𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/side-table-market-110179

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝗦𝗶𝗱𝗲 𝗧𝗮𝗯𝗹𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝐑𝐞𝐩𝐨𝐫𝐭:
‣ Steelcase Inc. (U.S.)
‣ MillerKnoll, Inc. (U.S.)
‣ Ashley Furniture Industries, Inc. (U.S.)
‣ GLOBAL FURNITURE USA (U.S.)
‣ KOKUYO Co., Ltd. (Japan)
‣ Ethan Allen Global, Inc. (U.S.)
‣ Godrej & Boyce Mfg. Co. Ltd. (India)
‣ B&B ITALIA SPA (Italy)
‣ Sunpan Trading & Importing, Inc. (Canada)
‣ CB2 (U.S.)
‣ Pepperfry Limited (India)
‣ IKEA (Sweden)
‣ HNI Corporation (U.S.)
‣ Natuzzi S.p.A. (Italy)
‣ Dorel Industries Inc. (Canada)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝗦𝗶𝗱𝗲 𝗧𝗮𝗯𝗹𝗲 𝗠𝗮𝗿𝗸𝗲𝘁
Wood Segment to Hold Prominent Share Due to Increasing Popularity of Interior Décor

On the basis of material, the market for side tables is subdivided into plastic, wood, metal, and others. The wood segment is set to lead the global market. The growing product preference for interior décor is one of the vital factors impelling segmental dominance.

Residential Segment to Register Major Share Impelled by Changes in Lifestyle

Based on application, the market for side tables is fragmented into commercial and residential. The residential segment is poised to hold the largest share in the global market. The product demand is set to rise in this application considering the changes in lifestyle, including a rise in leisure activities at home and an upsurge in remote work.

By geography, the market for side tables has been analyzed across North America, South America, Asia Pacific, Europe, and the Middle East & Africa.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/side-table-market-110179

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report includes:
‣ Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
‣ Comprehensive insights into regional developments.
‣ List of major industry players.
‣ Key strategies adopted by the market players.
‣ Recent industry developments include product launches, partnerships, mergers, and acquisitions.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
Industry Value to Surge with Expansion of the Real-Estate Sector

The growth of the real-estate industry is set to drive side table market growth. This is due to the escalating demand for these tables in furnishing commercial and residential spaces. The pieces are considered essential for bedrooms, living rooms, and other areas.

Nonetheless, high costs of tables made from high-quality raw materials could lead to the adoption of lower-priced alternatives, affecting industry expansion.

𝗕𝗿𝗼𝘄𝘀𝗲 𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
https://www.fortunebusinessinsights.com/side-table-market-110179

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Asia Pacific Registered Leading Share Driven by High Product Demand

Valued at USD 6.00 million in 2023, the Asia Pacific market held a prominent share of 47.44% in the global market. This can be attributed to the high product demand owing to high requirement for home furnishings. The region has abundant availability of raw materials and labor at low costs, which is one of the major factors driving its emergence as a key manufacturing hub.
The Europe side table market share is set to record a rise in product demand impelled by a rise in renovation projects. This was mainly on account of high disposable income and changing lifestyle preferences.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
Industry Participants Introduce New Products Equipped with Advanced Features

Industry players are rolling out new products, equipped with advanced features. These features include convertible surfaces, adjustable heights, charging ports, and built-in storage compartments. These products are being introduced to secure an edge over their rival companies and establish a strong market presence.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Pet Furniture Market
https://www.fortunebusinessinsights.com/pet-furniture-market-106261

Wall Furniture Market
https://www.fortunebusinessinsights.com/wall-furniture-market-104387

Luxury Furniture Market
https://www.fortunebusinessinsights.com/luxury-furniture-market-107326

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
November 2023 - Shanghai Sinoexpo Informa Markets International Exhibition Co., Ltd., and China National Furniture Association opened registrations for "Furniture China 2024" to be held from 10th to 13th September 2024. The exhibition would exhibit cutting-edge designs, new materials, and emerging trends in the furniture industry, reshaping the market outlook.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:
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This release was published on openPR.