Global Wooden Household Furniture Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
13 Jul, 2023
The global wooden household furniture market size is expected to grow from $153.77 billion in 2022 to $160.18 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. 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 global wooden household furniture market size is expected to reach $188.26 billion in 2027 at a CAGR of 4.1%.
Global Wooden Household Furniture Market Key Driver
Rising residential demand is likely to drive the growth of the wooden household furniture market in the coming years. The growing global population and urbanisation are causing more residential structures and dwellings to be built, which is increasing demand for furniture. Because of its durability, versatility, and aesthetic appeal, wooden household furniture is a popular choice among homeowners.
Get a sample of the global wooden household furniture market reportGlobal Wooden Household Furniture Market Segments
The global wooden household furniture market is segmented:
1) By Product: Chairs, Tables, Cabinets, Other Products
2) By Wood Type: Hardwood, Softwood
3) By Material: Plywood, Laminates, Medium-Density Fiberboard (MDF), Other Materials
4) By Distribution Channel: Online, Offline
5) By Application: Residential, Commercial
6) By Geography: The regions covered in the wooden household furniture market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global wooden household furniture market.
Major Wooden Household Furniture Industry Players
Inter IKEA Systems B.V., Godrej Interio, Herman Miller Inc., Steelcase Inc., HNI Corporation, Okamura Corp., Durian Industries Limited, Spacewood, Greenply Industries Limited, Haworth Inc., Knoll Inc., Kimball International Inc., Ashley Furniture Industries, NITORI Co. Ltd., Dalian Huafeng Furniture Group Co. Ltd., Dorel Industries Inc., Sauder Woodworking Company, Suofeiya Home Collection Co. Ltd, La-Z-Boy Inc., Hooker Furnishings, Natuzzi Group, Kinnarps AB, Klaussner Furniture Industries, Samson Holding Ltd.
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Wooden Household Furniture Market Overview
Wooden household furniture refers to furniture items that are made primarily or entirely from wood and are intended for use in a home or domestic setting, including sofas, shutters, tables, chairs, and bath and vanity cabinets.
Wooden Household Furniture Global Market Report 2023 provides data on the global wooden household furniture market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The wooden household furniture market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.