Insights Into The Wooden Furniture Market’s Growth Opportunities Through 2023-2032 – Includes Wooden Furniture Market Share
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The expanding construction sector is likely to drive innovation in the manufacturing of wooden furniture, propelling the market over the forecast period
The global wooden furniture market is expected to grow from $99.19 billion in 2022 to $105.92 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The global wooden furniture market size is expected to reach $133.86 billion in 2027 at a CAGR of 6.0%.
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Global Wooden Furniture Market Segments Include:
- By Product: Chairs, Tables, Cabinets, Other Products
- By Wood Type: Mango Wood, Sheesham Wood, Rubber Wood, Other Wood Types
- By Material: Lamination, Plywood, Medium Density Fibreboard (MDF), Other Materials
- By Distribution Channel: Hypermarkets, Specialty Stores, Online Retail, Other Distribution Channels
- By Application: Residential, Commercial
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global wooden furniture market in 2021.
Major Market Players in the wooden furniture market include Ashley Home Stores Ltd., Bassett Furniture Industries, Bernhardt Furniture Company, AVY Interior, An Cuong Wood Working Materials, Okamura Corporation, Dorel Industries.
Product innovation is a crucial trend that is gaining traction in the wooden furniture market. To maintain their market position, major players in the wooden furniture market are focusing on introducing new items. For example, in December 2022, Fancyarn, a furniture company based in the United States, will introduce 100% eco-friendly oak tables and benches. These tables and benches are one-of-a-kind in that they are made completely of oak wood. The fabric of the bench gives it a classy aspect that complements the natural surroundings. The end table is coated with only natural, certified genuine oak wood and formaldehyde-free paint.
The Wooden Furniture Global Market Report 2023 provides a wooden furniture market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The wooden furniture market forecast analyzes wooden furniture market size, wooden furniture market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Wooden furniture refers to items made of wood. Wood furniture is popular because of its strength and durability.
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