The Wooden Furniture Global Market Report 2023, provides comprehensive information on the wooden furniture market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Wooden Furniture Global Market Report 2023, the market size is expected to grow from $99.19 billion in 2022 to $105.92 billion in 2023 at compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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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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 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 Fibreboard (MDF), Other Materials
4) By Distribution Channel: Hypermarkets, Specialty Stores, Online Retail, Other Distribution Channels
5) By Application: Residential, Commercial
Asia-Pacific was the largest region in the wooden furniture market in 2022.
The table of contents in TBRC’s wooden furniture market report includes:
1. Executive Summary
2. Wooden Furniture Market Characteristics
3. Wooden Furniture Market Trends And Strategies
4. Wooden Furniture Market – Macro Economic Scenario
5. Wooden Furniture Market Size And Growth
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26. Africa Wooden Furniture Market
27. Wooden Furniture Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wooden Furniture Market
29. Wooden Furniture Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Ashley Home Stores Ltd
- Bassett Furniture Industries
- Bernhardt Furniture Company
- AVY Interior
- An Cuong Wood Working Materials
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, 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. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players
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