Wooden Furniture Market - Growth Insights and Development Analysis to 2025
Category: #business  By Rahul Varpe  Date: 2020-01-14
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Wooden Furniture Market - Growth Insights and Development Analysis to 2025

Wooden Furniture Market analysis report speaks about the manufacturing process. The report analyses the market growth, trends, overview & forecast. The report covers key technological developments in the recent times and profiles leading players in the market and analyzes their key strategies.

Asia Pacific region is one of the biggest exporters of furniture worldwide and had accounted for more than 45% of the global wooden furniture market share in 2018. The rise in advanced manufacturing equipment, superior technical skills of workers, as well as the rise of e-commerce has tremendously changed the facet of furniture domain. Emergence of large retail players and entry of global brands in the region, coupled with increased propensity to spend on top-notch products to raise the standard of living will strengthen the consumption of furniture.

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Owing to the expanding real estate sector and emergence of luxurious homes, global wooden furniture market size is poised to witness robust growth over the forecast years. Growing population in conjunction with changing lifestyle and increasing customer preference towards customized and unique furniture options will propel the demand for wood-based options. The ability to provide compact and portable solutions for indoor, outdoor and commercial uses will considerably outline wooden furniture industry trends.

With the rapid development of high-rise commercial and residential complexes, consumers are purchasing an increased number of high quality products and opting for diversified design solutions. Substantial availability of beautifully crafted pieces of furniture that provide comfortability and adorns the homes of people are transforming the furniture products landscape globally, further driven by a surge in disposable incomes. Prominent reports suggest that in 2018, the residential segment had contributed over 65% toward global wooden furniture market share.

A reputed studio has recently designed new, innovative furniture solutions for social housing all across Mexico, which includes wood-based products. Consistent need for residential furnishing across the world will sustain demand for affordable and reliable furniture over the next few years. Rising population in emerging economies will further bolster product adoption. Novel designs and introduction of modern residential projects, supported by a thriving manufacturing sector will provide a massive push to global wooden furniture market share.

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The landscape for luxurious and modern furniture brands has been changing dramatically, as interior designers and house owners give more focus to the layout of furniture within the overall design, which is the essential component of home décor. Growing consumer inclination towards lavish, long-lasting furniture with sleek designs have invariably escalated revenue prospects for wooden furniture industry and enhanced the product adoption amongst residential buildings. Online sales and delivery of furniture has considerably impacted the wooden furniture market expansion.

Manufacturers and large scale retail companies are expanding their reach by producing high quality furniture to meet the demands of domestic and foreign markets, contributing enormously to the Asia Pacific wooden furniture market size. With growing competition among key industry players, engaged in mergers and acquisitions as well as manufacturing of innovative products, the region can be expected to depict augmented furniture consumption over the coming years.

Notable players comprising the competitive hierarchy of the industry including Herman Miller, Inc, Samson Holding Ltd., Dorel Industries Inc., Meike International Household Products Co. Ltd., and Sauder Woodworking Co and Kimball International.

Partial Table of Content of Wooden Furniture Market

Chapter 1. Methodology and Scope

1.1. Research methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definitions & forecast parameters

1.2. Data sources

1.2.1. Primary

1.2.2. Secondary

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Chapter 2. Executive Summary

2.1. Wooden furniture market 360synopsis, 2013 –2025

2.1.1. Business trends

2.1.2. Application trends

2.1.3. Regional trends

Chapter 3. Wooden Furniture Market Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2025

3.3. Industry ecosystem analysis

3.3.1. Distribution channel analysis

3.3.2. Profit margin trends

3.3.3. Vendor matrix

3.3.3.1. Key manufacturers

3.3.3.2. Product portfolio

3.3.3.3. Global presence

3.4. Technology landscape

3.5. Raw material analysis

3.6. Global construction industry overview

3.7. Regulatory landscape

3.7.1. North America

3.7.2. Europe

3.7.3. APAC

3.7.4. LATAM

3.7.5. MEA

3.8. Industry best practices & key buying criteria

3.9. Industry impact forces

3.9.1. Growth drivers, by region

3.9.1.1. North America

3.9.1.2. Europe

3.9.1.3. Asia Pacific

3.9.1.4. Latin America

3.9.1.5. MEA

3.9.2. Industry pitfalls & challenges

3.10. Innovation & sustainability

3.11. Growth potential analysis, 2018

3.12. Porter's analysis

3.13. Competitive landscape, 2018

3.13.1. Market share analysis, 2018

3.13.2. Key stakeholders

3.13.3. Strategy dashboard

3.14. PESTEL analysis

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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