According to the new market research report "Wood Furniture - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Wood Furniture market size is projected to grow from USD 260.62 billion in 2023 to USD 366.32 billion by 2030, at a CAGR of 4.86% during the forecast period.
The potential of the wood furniture market is influenced by various factors including economic conditions, consumer preferences, technological advancements, and environmental concerns. Here are some key points to consider:
Consumer Demand: The demand for wood furniture is often tied to consumer preferences for aesthetically pleasing and durable products. As disposable incomes rise, consumers are more likely to invest in higher-quality wood furniture pieces.
Housing Market: The housing market plays a significant role in the demand for wood furniture. Growth in the real estate sector, particularly in emerging economies, can drive demand for furniture as new homes are furnished and existing homes are renovated or upgraded.
Trends and Designs: Furniture trends and designs evolve over time, influencing consumer purchasing decisions. Factors such as minimalist designs, eco-friendly materials, and smart furniture solutions can impact market demand.
Sustainability: Increasing awareness of environmental issues has led to a growing preference for sustainable and eco-friendly products. Wood furniture made from responsibly sourced materials and manufactured using environmentally friendly practices may appeal to environmentally conscious consumers.
E-commerce: The rise of e-commerce has expanded the reach of furniture retailers, enabling them to tap into global markets and reach a wider customer base. Online platforms offer convenience and accessibility, driving sales in the wood furniture market.
Customization and Personalization: Consumers increasingly seek unique and customizable furniture pieces that reflect their individual style and preferences. Manufacturers and retailers that offer customization options can capitalize on this trend.
- Global Wood Furniture MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Wood Furniture - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Wood Furniture Top10Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Wood Furniture - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Wood Furniture include IKEA, Ashley Furniture Industries, NITORI, Yihua Timber, Huafeng Furniture, Dorel Industries, Nobilia, Sauder Woodworking, Suofeiya, La-Z-Boy Inc., etc. In 2023, the global top 10 players had a share approximately 7.0% in terms of revenue.
About The Authors
Wupan-Lead Author
E-mail：wupan@qyresearch.com
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
Contact Us:
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
E-mail: global@qyresearch.com
Tel: 001-626-842-1666(US) 0086-133 1872 9947(CN)
EN: https://www.qyresearch.com
JP: https://www.qyresearch.co.jp