What are you looking for?

Need help finding what you are looking for? Contact Us

Compare

Free Samples

Home Market Research Reports Consumer Goods

Furniture

PUBLISHER: IMARC | PRODUCT CODE: 1451109

PUBLISHER: IMARC | PRODUCT CODE: 1451109

Wood Furniture Market by Wood Type (Hardwood, Softwood), Distribution Channel (Retail, Online), End User (Residential, Commercial), and Region 2024-2032

PUBLISHED: March 2, 2024

PAGES: 147 Pages

DELIVERY TIME: 2-3 business days

ADD TO COMPARE

SELECT AN OPTION

The global wood furniture market size reached US$ 275.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 413.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.47% during 2024-2032. The escalating demand for wood furniture materials in residential applications, growing need for compact and multi-functional furniture to maximize space utilization in smaller apartments, and increasing awareness regarding the environmental issues represent some of the key factors driving the market.

Wood furniture is a type of furniture primarily crafted from wood, either in its natural form or processed. This encompasses single wood type, such as oak or mahogany, as well as composite wood furniture made by a combination of wood with other materials, such as plywood, MDF, or particleboard. Wood furniture is characterized by a natural warmth and texture, enhanced durability and longevity. Wood furniture can be crafted into a diverse range of styles and designs, and finished using a wide array of stains, paints, and other treatments to create a range of looks while simultaneously shielding the wood from wear and tear. Wood furniture can be used in residential, commercial, and institutional settings as it is customized to suit a variety of needs and preferences. Some of the advantages offered by wood furniture include natural beauty, easy maintenance and repair, minimal wear and tear due to aging, and sustainability as a renewable resource compared to other materials.

Wood Furniture Market Trends:

The global market is primarily driven by the escalating demand for wood furniture materials in residential applications. This can be attributed to the growing need for compact and multi-functional furniture to maximize space utilization in smaller homes or apartments. In line with this, the increasing awareness regarding various environmental issues among the masses is resulting in an increasing demand for renewable and eco-friendly wood furniture. Moreover, an enhanced focus on interior design aesthetics is also propelling the demand for rustic, vintage or futuristic-designed wooden furniture, which is impacting the market positively. The market is further fueled by the proliferation of e-commerce and online sales channels, thereby offering a diverse range of wood furniture options to a larger customer base. Apart from this, the shifting consumer preference toward the adoption of natural and authentic furniture materials is also creating a positive outlook for the market. Also, the growing number of customization and personalization options offered by furniture manufacturers are driving the demand for wood furniture as consumers look for furniture that adds a personalized touch to their homes. Some of the other factors contributing to the market include rapid urbanization, considerable growth in the hospitality and commercial sectors, emerging trend of do-it yourself (DIY) and no-assemble furniture trends, continual technological advancements in wood furniture manufacturing processes, and extensive research and development (R&D) activities.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global wood furniture market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on wood type, distribution channel, and end user.

Wood Type Insights:

Hardwood

Softwood

The report has provided a detailed breakup and analysis of the wood furniture market based on the wood type. This includes hardwood and softwood. According to the report, hardwood represented the largest segment.

Distribution Channel Insights:

Retail

Mass Market Player

Furniture Stores

Monobrand Furniture Stores

Online

The report has provided a detailed breakup and analysis of the wood furniture market based on the distribution channel. This includes retail (mass market player, furniture stores, and monobrand furniture stores) and online. According to the report, retail represented the largest segment.

End User Insights:

Residential

Commercial

A detailed breakup and analysis of the wood furniture market based on the end user has also been provided in the report. This includes residential and commercial. According to the report, residential accounted for the largest market share.

Regional Insights:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for wood furniture. Some of the factors driving the Asia Pacific wood furniture market included the inflating disposable income levels, growing need for compact and multi-functional furniture, presence of several key players, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global wood furniture market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Ashley Furniture Industries Inc., Haworth Inc., Herman Miller Inc., HNI Corporation, Inter IKEA Systems B.V., Kinnarps AB, Klaussner Home Furnishing, KOKUYO Co. Ltd., La-Z-Boy Incorporated, Okamura Corporation, Steelcase Inc., Williams-Sonoma Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

How has the global wood furniture market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global wood furniture market?
What is the impact of each driver, restraint, and opportunity on the global wood furniture market?
What are the key regional markets?
Which countries represent the most attractive wood furniture market?
What is the breakup of the market based on the wood type?
Which is the most attractive wood type in the wood furniture market?
What is the breakup of the market based on the distribution channel?
Which is the most attractive distribution channel in the wood furniture market?
What is the breakup of the market based on the end user?
Which is the most attractive end user in the wood furniture market?
What is the competitive structure of the global wood furniture market?
Who are the key players/companies in the global wood furniture market?

Product Code: SR112024A7487

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Wood Furniture Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Wood Type

6.1 Hardwood
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
6.2 Softwood
- 6.2.1 Market Trends
- 6.2.2 Market Forecast

7 Market Breakup by Distribution Channel

7.1 Retail
- 7.1.1 Market Trends
- 7.1.2 Key Segments
  - 7.1.2.1 Mass Market Player
  - 7.1.2.2 Furniture Stores
  - 7.1.2.3 Monobrand Furniture Stores
- 7.1.3 Market Forecast
7.2 Online
- 7.2.1 Market Trends
- 7.2.2 Market Forecast

8 Market Breakup by End User

8.1 Residential
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast

9 Market Breakup by Region

9.1 North America
- 9.1.1 United States
  - 9.1.1.1 Market Trends
  - 9.1.1.2 Market Forecast
- 9.1.2 Canada
  - 9.1.2.1 Market Trends
  - 9.1.2.2 Market Forecast
9.2 Asia-Pacific
- 9.2.1 China
  - 9.2.1.1 Market Trends
  - 9.2.1.2 Market Forecast
- 9.2.2 Japan
  - 9.2.2.1 Market Trends
  - 9.2.2.2 Market Forecast
- 9.2.3 India
  - 9.2.3.1 Market Trends
  - 9.2.3.2 Market Forecast
- 9.2.4 South Korea
  - 9.2.4.1 Market Trends
  - 9.2.4.2 Market Forecast
- 9.2.5 Australia
  - 9.2.5.1 Market Trends
  - 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
  - 9.2.6.1 Market Trends
  - 9.2.6.2 Market Forecast
- 9.2.7 Others
  - 9.2.7.1 Market Trends
  - 9.2.7.2 Market Forecast
9.3 Europe
- 9.3.1 Germany
  - 9.3.1.1 Market Trends
  - 9.3.1.2 Market Forecast
- 9.3.2 France
  - 9.3.2.1 Market Trends
  - 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
  - 9.3.3.1 Market Trends
  - 9.3.3.2 Market Forecast
- 9.3.4 Italy
  - 9.3.4.1 Market Trends
  - 9.3.4.2 Market Forecast
- 9.3.5 Spain
  - 9.3.5.1 Market Trends
  - 9.3.5.2 Market Forecast
- 9.3.6 Russia
  - 9.3.6.1 Market Trends
  - 9.3.6.2 Market Forecast
- 9.3.7 Others
  - 9.3.7.1 Market Trends
  - 9.3.7.2 Market Forecast
9.4 Latin America
- 9.4.1 Brazil
  - 9.4.1.1 Market Trends
  - 9.4.1.2 Market Forecast
- 9.4.2 Mexico
  - 9.4.2.1 Market Trends
  - 9.4.2.2 Market Forecast
- 9.4.3 Others
  - 9.4.3.1 Market Trends
  - 9.4.3.2 Market Forecast
9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast

10 Drivers, Restraints, and Opportunities

10.1 Overview
10.2 Drivers
10.3 Restraints
10.4 Opportunities

11 Value Chain Analysis

12 Porters Five Forces Analysis

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
- 14.3.1 Ashley Furniture Industries Inc.
  - 14.3.1.1 Company Overview
  - 14.3.1.2 Product Portfolio
  - 14.3.1.3 SWOT Analysis
- 14.3.2 Haworth Inc.
  - 14.3.2.1 Company Overview
  - 14.3.2.2 Product Portfolio
  - 14.3.2.3 SWOT Analysis
- 14.3.3 Herman Miller Inc.
  - 14.3.3.1 Company Overview
  - 14.3.3.2 Product Portfolio
  - 14.3.3.3 Financials
  - 14.3.3.4 SWOT Analysis
- 14.3.4 HNI Corporation
  - 14.3.4.1 Company Overview
  - 14.3.4.2 Product Portfolio
  - 14.3.4.3 Financials
  - 14.3.4.4 SWOT Analysis
- 14.3.5 Inter IKEA Systems B.V.
  - 14.3.5.1 Company Overview
  - 14.3.5.2 Product Portfolio
- 14.3.6 Kinnarps AB
  - 14.3.6.1 Company Overview
  - 14.3.6.2 Product Portfolio
- 14.3.7 Klaussner Home Furnishing
  - 14.3.7.1 Company Overview
  - 14.3.7.2 Product Portfolio
- 14.3.8 KOKUYO Co. Ltd.
  - 14.3.8.1 Company Overview
  - 14.3.8.2 Product Portfolio
  - 14.3.8.3 Financials
- 14.3.9 La-Z-Boy Incorporated
  - 14.3.9.1 Company Overview
  - 14.3.9.2 Product Portfolio
  - 14.3.9.3 Financials
  - 14.3.9.4 SWOT Analysis
- 14.3.10 Okamura Corporation
  - 14.3.10.1 Company Overview
  - 14.3.10.2 Product Portfolio
  - 14.3.10.3 Financials
- 14.3.11 Steelcase Inc.
  - 14.3.11.1 Company Overview
  - 14.3.11.2 Product Portfolio
  - 14.3.11.3 Financials
  - 14.3.11.4 SWOT Analysis
- 14.3.12 Williams-Sonoma Inc.
  - 14.3.12.1 Company Overview
  - 14.3.12.2 Product Portfolio
  - 14.3.12.3 Financials
  - 14.3.12.4 SWOT Analysis

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Product Code: SR112024A7487

List of Figures

Figure 1: Global: Wood Furniture Market: Major Drivers and Challenges
Figure 2: Global: Wood Furniture Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Wood Furniture Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Wood Furniture Market: Breakup by Wood Type (in %), 2023
Figure 5: Global: Wood Furniture Market: Breakup by Distribution Channel (in %), 2023
Figure 6: Global: Wood Furniture Market: Breakup by End User (in %), 2023
Figure 7: Global: Wood Furniture Market: Breakup by Region (in %), 2023
Figure 8: Global: Wood Furniture (Hardwood) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Wood Furniture (Hardwood) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Wood Furniture (Softwood) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Wood Furniture (Softwood) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Wood Furniture (Retail) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Wood Furniture (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Wood Furniture (Online) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Wood Furniture (Online) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Wood Furniture (Residential) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Wood Furniture (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Wood Furniture (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Wood Furniture (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: North America: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: North America: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: United States: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: United States: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Canada: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Canada: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Asia-Pacific: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Asia-Pacific: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: China: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: China: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Japan: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Japan: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: India: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: India: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: South Korea: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: South Korea: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Australia: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Australia: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Indonesia: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Indonesia: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Others: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Others: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Europe: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Europe: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Germany: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Germany: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: France: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: France: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: United Kingdom: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: United Kingdom: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Italy: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Italy: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Spain: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Spain: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Russia: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Russia: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Others: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Others: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Latin America: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Latin America: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Brazil: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Brazil: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Mexico: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Mexico: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Others: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Others: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Middle East and Africa: Wood Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Middle East and Africa: Wood Furniture Market: Breakup by Country (in %), 2023
Figure 68: Middle East and Africa: Wood Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Global: Wood Furniture Industry: Drivers, Restraints, and Opportunities
Figure 70: Global: Wood Furniture Industry: Value Chain Analysis
Figure 71: Global: Wood Furniture Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Wood Furniture Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Wood Furniture Market Forecast: Breakup by Wood Type (in Million US$), 2024-2032
Table 3: Global: Wood Furniture Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 4: Global: Wood Furniture Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 5: Global: Wood Furniture Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Wood Furniture Market: Competitive Structure
Table 7: Global: Wood Furniture Market: Key Players

Have a question?