Overview and Scope
Wooden household furniture refers to furniture items that are made primarily or entirely from wood and are intended for use in a home or domestic setting, including sofas, shutters, tables, chairs, and bath and vanity cabinets.
Sizing and Forecast
The wooden household furniture market size has grown steadily in recent years. It will grow from $163.61 billion in 2023 to $171.79 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to population growth, consumer lifestyle changes, economic conditions and disposable income, demographic factors, globalization and trade..
The wooden household furniture market size is expected to see steady growth in the next few years. It will grow to $203.82 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to sustainable and eco-friendly design, e-commerce growth, customization and personalization trends, urbanization and small living spaces, consumer preferences for natural materials.. Major trends in the forecast period include compact and space-saving solutions, innovative joinery techniques, digital visualization tools, mixed material combinations, wellness-centric designs, global design influences..
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the wooden household furniture market in 2023. 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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Major Driver Impacting Market Growth
The rising demand from the residential sector is expected to propel the growth of the wooden household furniture market going forward. The increasing global population and urbanization are leading to the construction of more residential buildings and homes, which in turn is driving up the demand for furniture. Wooden household furniture is a popular choice among homeowners due to its durability, versatility, and aesthetic appeal. For instance, in October 2023, according to the United States Census Bureau, a US-based principal agency of the federal statistical system, the number of privately owned housing units approved by building permits in February was 1,524,000 on a seasonally adjusted yearly basis. This is 13.8% more than the January rate, which was corrected to 1,339,000. Therefore, the rise in demand from the residential sector is driving the growth of the wooden household furniture market.
Key Industry Players
Major companies operating in the wooden household furniture market report are 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 .
The wooden household furniture market report table of contents includes:
1. Executive Summary
2. Wooden Household Furniture Market Characteristics
3. Wooden Household Furniture Market Trends And Strategies
4. Wooden Household Furniture Market – Macro Economic Scenario
5. Global Wooden Household Furniture Market Size and Growth
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31. Global Wooden Household Furniture Market Competitive Benchmarking
32. Global Wooden Household Furniture Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Wooden Household Furniture Market
34. Wooden Household Furniture Market Future Outlook and Potential Analysis
35. Appendix
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