About Wooden Furniture
Furniture refers to movable objects intended to support various human activities. Furniture is also used to hold objects at a convenient height for work or to store things. Hardwoods and softwoods are used in furniture manufacturing. The wood furniture can be changed over time to give it a second, third or fourth life. By sanding and staining, or painting, refinish wood furniture and give it an entirely new look boosting the market of wooden furniture. The use of eco-friendly furniture is the latest trend for the furniture industry.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Wooden Furniture market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Wooden Furniture Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States and Chinese Vendors will contribute the maximum growth to Global Wooden Furniture market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IKEA (Sweden), Ashley Furniture Industries (United States), Nitori (Japan), Yihua Timber (China), Huafeng Furniture (China), Dorel Industries (Canada), Nobilia (Germany), Sauder Woodworking (United States), Suofeiya (China) and La-Z-Boy Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nolte Furniture (India), Hooker Furniture (United States), Quanu (India), Man Wah Holdings (China), Natuzzi (Italy) and Hulsta group (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Wooden Furniture market by Type (Solid Wood Furniture, Wood-based Panels Furniture and Miscellaneous Furniture), Application (Home Furniture, Office Furniture and Others) and Region.
On the basis of geography, the market of Wooden Furniture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Sweden, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Wood, the sub-segment i.e. Oak will boost the Wooden Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Wooden Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adaptation of Eco-Friendly Furniture
Market Growth Drivers:
Increasing Urbanization and Changing Lifestyle Worldwide and Increasing Real Estate and Construction Industry includes Rise in Number of Office Spaces, Commercial Complexes, and Residential Buildings
Challenges:
Moisture Damage Wood Finishes and Soak into the Wood Underneath, Causing it to Split and Swell and Ultraviolet Light Changes Wood’s Color and Damage the Surface
Restraints:
Availability of Substitutes (like Metal Furniture) and Cost of the Wooden Furniture
Opportunities:
Growing E-commerce Industry Impacting on Online Sale of Wooden Furniture and Due to Decent Central Focus and Decor, Increasing Demand from Commercial and Household Sector
Market Leaders and their expansionary development strategies
In April 2024, A Grand Rapids company that designs furniture for restaurants and other business has been acquired. Studio Wise got its start in 2008, designing and building out West Michigan restaurants. The team worked on projects with restaurants like Founders.
In Jan 2019, Nobilia introduces a completely new stand design for LivingKitchen. Visitors enter through an enticing opening in Nobilia’s signature red and white facade, which blurs the boundaries between the interior and exterior worlds. Structural radiates warmth and naturalness in the new Havana oak décor. It conveys a feelgood atmosphere with its sensual and authentic character. Riva in Somerset oak reproduction supplements the range of new wood décors with a fine-grained oak finish for a look that is especially elegant.
Key Target Audience
Wooden Furniture Manufacturer, Raw Material Suppliers, Distributor/Supplier and Potential Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.