Wooden furniture market is anticipated to grow at a CAGR of 4.64% during the forecast period (2023-2030). The growth of the wooden furniture market is being significantly impacted by rising disposable incomes, the rapid expansion of the real estate and hospitality sectors, and rising demand for luxury and premium furniture from certain consumer segments. The necessity for such luxurious products would grow as a result of the company’s exquisite home conveniences being used frequently and luring consumers to buy them. For instance, in February 2020, With the help of its Indian supplier, Sources Unlimited, the Italian company BAXTER introduced opulent, cutting-edge, and expertly constructed fixture products in India. Instant gratification and satisfaction are provided by the offline channel. An experienced store is a sort of retail establishment where customers can physically touch, feel, and view things that are often offered through e-commerce platforms. For Instance, in January 2023, In Mumbai, the omnichannel furniture company Wooden Street opened its eighth experience store. The recently opened shop will sell furniture and home decor items and is situated at Arihant Aarohi, Kalyan-Shil Road, Shilphata, Padle Gaon in Thane, Maharashtra.
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The global wooden furniture market is segmented on the wooden type, product, distribution channel, and end users. Based on the wooden type, the market is sub-segmented into softwood and hardwood. Based on the product, the market is sub-segmented into chairs, tables, cabinets, and others (Sofas and Couches). Further, on the basis of the distribution channel, the market is sub-segmented into Supermarkets and Hypermarket, Specialty Stores, e-commerce, and others (local stores and independent retailers), and on the basis of end-user, the market is sub-segmented into residential and commercial. Among the product, the chair and tables sub-segment is anticipated to hold a considerable share of the market owing to the rise in the development of designs and innovative art.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Wooden Furniture Market by Wooden Type
- Softwood
- Hardwood
Global Wooden Furniture Market by Product
- Chairs
- Tables
- Cabinets
- Others (Sofas and Couches)
Global Wooden Furniture Market by Distribution Channel
- Supermarket and Hypermarket
- Speciality Stores
- E-Commerce
- Others (Local Stores and Independent retailers)
Global Programmatic Advertising Market by End Users
- Residentials
- Commercials
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Ashcomm LLC
- Ashley furniture Industries
- Duff & Phelps Corp.
- Durham furniture Inc.
- Global furniture USA
- Haworth Inc.
- Heritage home group LLC
- Inter IKEA system B.V
- Kimball international, Inc.
- Masco corp.
- Natuzzi SPA
- Okamura corp.
- PAN Emirates home furnishings
- Saudi modern factory
- Shenzhen zouyou Furniture Co,.Ltd.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global wooden furniture market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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