PUBLISHER: The Business Research Company | PRODUCT CODE: 1282776
PUBLISHER: The Business Research Company | PRODUCT CODE: 1282776
Wooden Furniture Global Market Report 2023
“Wooden Furniture Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wooden furniture market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for wooden furniture? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The wooden furniture market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 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
- Companies Mentioned: Ashley Home Stores Ltd.; Bassett Furniture Industries; Bernhardt Furniture Company; AVY Interior; An Cuong Wood Working Materials
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the wooden furniture market are: Ashley Home Stores Ltd., Bassett Furniture Industries, Bernhardt Furniture Company, AVY Interior, An Cuong Wood Working Materials, Okamura Corporation, Dorel Industries, Ethan Allen Global Inc., Knoll Inc., Herman Miller Inc., Bush Furniture, Haworth Inc., Good's Home Furnishings., Doimo Salotti, and Inter IKEA Systems B.V.
The global wooden furniture market is expected to grow from $99.19 billion in 2022 to $105.92 billion in 2023 at a 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 wooden furniture market is expected to reach $133.86 billion in 2027 at a CAGR of 6.0%.
The wooden furniture market consists of sales of maple wood furniture, mahogany wood furniture, oak wood furniture, cherry wood furnitures. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Wooden furniture refers to things constructed of wood. Wood furniture is used for its strength and durability.
Asia-Pacific was the largest region in the wooden furniture market in 2022. The regions covered in wooden furniture report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main products of wooden furniture are chairs, tables, cabinets and others. A wooden chair refers to a seat with four legs and a back to lean against and made of wood. The various wood types involved are mango wood, Sheesham wood, rubber wood, others that are used for lamination, plywood, medium-density fibreboard (MDF) and others. The various distribution channels involved are hypermarkets, specialty stores, online retail, and others that are used for residential, and commercial applications.
The growing construction sector is expected to boost the growth of the wooden furniture market going forward. The construction sector refers to the commercial area of industry and trade concerned with constructing, maintaining, and repairing infrastructures. Due to its natural cellular structure, wood is a better insulator than steel and plastic which keeps heating and cooling in homes and workplaces and consumes less energy. Wood furniture also helps to control humidity levels. Hence, the growing construction sector is expected to boost the wooden furniture market. For instance, according to the U.S. Census Bureau report on monthly construction spending in 2022, the construction spending is expected to be $1,744.8 billion in April 2022, a 0.8% rise from the revised March estimate of $1,740.6 billion. Moreover, in March 2022, according to the Indian Brand Equity Foundation (IBEF) report, the India-based promotion organization for the sale and distribution of Indian goods, India allocated $ 130.57 billion to enhance the country's infrastructure. Therefore, the growing construction sector is driving the growth of the wooden furniture market.
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.
In February 2022, Ethan Allen Global Inc., a US-based high-quality furniture manufacturer acquired Dimension Wood Products Inc. for an undisclosed amount. The acquisition is anticipated to assist Ethan Allen in further strengthening its control over the costs of raw materials, purchased parts, and labor while upholding its high standards. Dimension Wood Products Inc. is a US-based manufacturer of wood frames and machined parts used in upholstered furniture manufacturing.
The countries covered in the wooden furniture market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The wooden furniture market research report is one of a series of new reports from The Business Research Company that provides wooden furniture market statistics, including wooden furniture industry global market size, regional shares, competitors with wooden furniture market share, detailed wooden furniture market segments, market trends, and opportunities, and any further data you may need to thrive in the wooden furniture industry. This wooden furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Wooden Furniture Market Characteristics
3. Wooden Furniture Market Trends And Strategies
4. Wooden Furniture Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Wooden Furniture Market
- 4.2. Ukraine-Russia War Impact On Wooden Furniture Market
- 4.3. Impact Of High Inflation On Wooden Furniture Market
5. Wooden Furniture Market Size And Growth
- 5.1. Global Wooden Furniture Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Wooden Furniture Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Wooden Furniture Market Segmentation
- 6.1. Global Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Chairs
- Tables
- Cabinets
- Other Products
- 6.2. Global Wooden Furniture Market, Segmentation By Wood Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Mango Wood
- Sheesham Wood
- Rubber Wood
- Other Wood Types
- 6.3. Global Wooden Furniture Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Lamination
- Plywood
- Medium Density Fibreboard (MDF)
- Other Materials
- 6.4. Global Wooden Furniture Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hypermarkets
- Specialty Stores
- Online Retail
- Other Distribution Channels
- 6.5. Global Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Residential
- Commercial
7. Wooden Furniture Market Regional And Country Analysis
- 7.1. Global Wooden Furniture Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Wooden Furniture Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Wooden Furniture Market
- 8.1. Asia-Pacific Wooden Furniture Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Wooden Furniture Market
- 9.1. China Wooden Furniture Market Overview
- 9.2. China Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Wooden Furniture Market
- 10.1. India Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Wooden Furniture Market
- 11.1. Japan Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Wooden Furniture Market
- 12.1. Australia Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Wooden Furniture Market
- 13.1. Indonesia Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Wooden Furniture Market
- 14.1. South Korea Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Wooden Furniture Market
- 15.1. Western Europe Wooden Furniture Market Overview
- 15.2. Western Europe Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Wooden Furniture Market
- 16.1. UK Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Wooden Furniture Market
- 17.1. Germany Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Wooden Furniture Market
- 18.1. France Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Wooden Furniture Market
- 19.1. Eastern Europe Wooden Furniture Market Overview
- 19.2. Eastern Europe Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Wooden Furniture Market
- 20.1. Russia Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Wooden Furniture Market
- 21.1. North America Wooden Furniture Market Overview
- 21.2. North America Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Wooden Furniture Market
- 22.1. USA Wooden Furniture Market Overview
- 22.2. USA Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Wooden Furniture Market
- 23.1. South America Wooden Furniture Market Overview
- 23.2. South America Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Wooden Furniture Market
- 24.1. Brazil Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Wooden Furniture Market
- 25.1. Middle East Wooden Furniture Market Overview
- 25.2. Middle East Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Wooden Furniture Market
- 26.1. Africa Wooden Furniture Market Overview
- 26.2. Africa Wooden Furniture Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Wooden Furniture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Wooden Furniture Market Competitive Landscape And Company Profiles
- 27.1. Wooden Furniture Market Competitive Landscape
- 27.2. Wooden Furniture Market Company Profiles
- 27.2.1. Ashley Home Stores Ltd.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Bassett Furniture Industries
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Bernhardt Furniture Company
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. AVY Interior
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. An Cuong Wood Working Materials
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
- 27.2.1. Ashley Home Stores Ltd.
28. Key Mergers And Acquisitions In The Wooden Furniture Market
29. Wooden Furniture Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer
