Wooden Furniture Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Wood Type (Hardwood, Softwood); Product (Chairs, Tables, Cabinets, Others); End-User Industry (Residential, Commercial) and Geography
Report Code: TIPRE00015836
| No. of Pages: 150
| Category: Manufacturing and Construction
| Status: Upcoming
Hardwoods and softwoods are used to make wooden furniture. Rapid urbanization, population growth, and rising living standards are all influencing furniture adoption, propelling the wooden furniture market forward. Moreover, the spending and expanding renovation and remodeling activities are expected to boost demand for wooden furniture during the forecast period. Furthermore, advanced interior designs for new residential buildings, as well as the availability of low-cost labor in emerging economies, are boosting industry growth.
The "Global Wooden Furniture Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the wooden furniture market with detailed market segmentation by wood type, product, end-user industry, and geography. The report provides key statistics on the market status of the leading wooden furniture market players and offers key trends and opportunities in the market.
Based on wood type, the global wooden furniture market is segmented into hardwood and softwood.
On the basis of product, the market is segmented into chairs, tables, cabinets and others.
Based on end-user industry, the global wooden furniture market is segmented into residential and commercial.
MARKET DYNAMICS Drivers:
The demand for wooden furniture is being fueled by factors such as rapid economic growth, rising disposable income, easy availability, and low cost.
Furthermore, advanced interior designs for new residential buildings, as well as government-sponsored housing projects, are fueling the growth of the wooden furniture market.
Manufacturing costs and a scarcity of skilled labor could stifle the growth of the wooden furniture market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The wooden furniture market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wooden furniture market in these regions.
IMPACT OF COVID-19 ON WOODEN FURNITURE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report covers key developments in the wooden furniture market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from wooden furniture market are anticipated to lucrative growth opportunities in the future with the rising demand for wooden furniture in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wooden furniture market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Ashley Furniture Industries, Inc.
Bassett Furniture Industries
Bernhardt Furniture Company.
Dorel Industries Inc.
Ethan Allen Global, Inc.
Herman Miller, Inc.
Yihua Lifestyle Technology Co., Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1.Ashley Furniture Industries, Inc. 2.Bassett Furniture Industries 3.Bernhardt Furniture Company. 4.Dorel Industries Inc. 5.Ethan Allen Global, Inc. 6.Herman Miller, Inc. 7.Knoll, Inc 8.OKAMURA CORPORATION. 9.Yihua Lifestyle Technology Co., Ltd 10.Zuari Furniture