Market Overview
According to the report, the global Wood Furniture market was valued at approximately USD 87,862 million in 2019 and is expected to generate revenue of around USD 124,790 million by 2026, growing at a CAGR of roughly 5.14% from 2019 and 2026.
The increasing adoption of eco-friendly furniture is the key driver factor of Wood Furniture market. The growth of the real estate industry contributes to an increase in the number of office spaces, commercial complexes, and residential buildings. This leads to high global demand for wooden furniture, and promote the growth of Wood Furniture market.
Traditionally, furniture has been made of wood. With the industrial revolution, furniture manufactured from materials such as steel, aluminum, glass, and plastic, began to appear. These materials may have revolutionized the furniture industry, but wood is undeniably a staple material in furniture manufacturing. Not only is wood everlasting, but it is timeless as well. Whether it is an armoire in the family room or a chair in the dining room, wood furniture manufacturers manage to combine eternal beauty and robust practically along with a contemporary or country style.
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Key Players
Key players in the Wood Furniture market cover Allied Trade Group, Amazon.com, Ashley Furniture, Costco, Duresta Upholstery, Giovanni Visentin, Godrej & Boyce, HNI, Herman Miller, IKEA, J.C., Kimball International, Laura Ashley, Penny, Sears Holdings, Steelcase, Target Corporation, Tesco, Walmart, Wayfair, and Williams-Sonoma.
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Forecast by Geography
The three major consumption markets are North America, Europe, and the Asia Pacific, accounted for 90.69%. The Asia Pacific is the leading market at a share of 31.47%. Europe is currently leading North America with a share of 30.55% and 28.67%.
Type Segment
Based on the type, the Wood Furniture market can be segmented into Solid Wood Furniture and Wood-based Panels Furniture.
Application Segment
Based on application, the Wood Furniture market is divided into Office furniture, Home furniture, and Others.
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Target Audience
l Wood Furniture manufacturers
l Distributors and resellers of Wood Furniture
l Wood Furniture industry associations
l Product managers, Wood Furniture industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Wood Furniture
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