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How Has the Wooden Household Furniture Market Grown from 2024 to 2025?

The market scale for wooden household furniture has seen a robust increase in the past few years. It is projected to rise from $163.96 billion in 2024 to $172.66 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. Population growth, shifts in consumer lifestyles, the state of the economy and disposable income availability, demographic elements, along with globalization and trade have all contributed to the growth in the historical period.

What Growth Rate Is Anticipated for the Wooden Household Furniture Market in the Coming Years?

Anticipations for the wooden household furniture market indicate persistent expansion over the upcoming years, with projected growth reaching $203.29 billion in 2029 at a compound annual growth rate (CAGR) of 4.2%. The rise throughout the predicted period can be credited to sustainable and eco-conscious design, the expansion of e-commerce, the emergence of customization and personalization trends, increasing urbanization and compact living conditions, and a consumer preference towards natural materials. Key trends forecasted for this period encompass condensed and space-efficient solutions, inventive joinery methods, the use of digital visualization tools, the introduction of combined material designs, a focus on wellness-centered design, and the impact of global design trends.

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Who Are the Leading Companies in the Wooden Household Furniture Market?

Major companies operating in the wooden household furniture market include 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

What Are the Key Drivers of the Wooden Household Furniture Market?

The growth of the wooden household furniture market is anticipated to be fueled by the expanding demand from the residential sphere. Factors such as a growing global population and increasing urbanization, leading to more residential constructions, are causing a surge in the need for furniture. The durability, versatility, and visual appeal of wooden household furniture make it a preferred choice for most homeowners. The United States Census Bureau, a principal agency of the federal statistical system in the US, reported that the count of privately possessed housing units sanctioned by building permits in February 2023 was 1,524,000 on an annual seasonally adjusted basis. This number was 13.8% more than the January rate, which had been adjusted to 1,339,000. As a result, the escalating demand from the residential segment is propelling the expansion of the wooden household furniture market.

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What Are the Key Market Segments in the Wooden Household Furniture Industry?

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

Subsegments:

1) By Chairs: Dining Chairs, Lounge Chairs, Office Chairs, Accent Chairs

2) By Tables: Dining Tables, Coffee Tables, Side Tables, Desks

3) By Cabinets: Storage Cabinets, Display Cabinets, Kitchen Cabinets, Bathroom Cabinets

4) By Other Products: Beds, Dressers, Shelves, Benches

What Are the Key Market Trends in the Wooden Household Furniture Industry?

The rise in product innovation is a prominent trend catching attention within the wooden household furniture market. With increasing environmental concerns, customers are drawn towards eco-friendly wooden furniture developed using techniques that are sustainable and materials sourced responsibly. Consequently, leading entities involved in the market are emphasizing the creation of eco-friendly and sustainable wooden furniture. Illustratively, Silk & Snow, a bedding company based in Canada, introduced an environmentally friendly furniture range for bedrooms in January 2022. The line is skillfully made using organic, harmless elements, employing a straightforward, tool-free Japanese joinery method.

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What Are the Key Regional Markets in the Wooden Household Furniture Industry?

Asia-Pacific was the largest region in the wooden household furniture market in 2024. The regions covered in the wooden household furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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This Report Delivers Insight On:

1. How big is the wooden household furniture market, and how is it changing globally?

2. Who are the major companies in the wooden household furniture market, and how are they performing?

3. What are the key opportunities and risks in the wooden household furniture market right now?

4. Which products or customer segments are growing the most in the wooden household furniture market?

5. What factors are helping or slowing down the growth of the wooden household furniture market?

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