Solid Wood Furniture Market Scope
Solid wood is defined as the lumber which has been milled directly from trees. There are numerous types of solid wood available, consequently, cabinetmakers, woodworkers, and carpenters can select from a large selection for their projects. Apiece type of solid wood has its own characteristics, with its color, grain pattern, and texture. In June 2018, according to an article published by the United States Census Bureau, the number of single-family homes completed were 795,000 in the country in 2017. Hence, rise in construction instruction and increasing usage of solid wood furniture in various application such as household use and commercial use are some of the major of the driver which are propelling the growth of the market in future.
The market study is being classified by Type (Pure Solid Wood Furniture and Imitation Wood Furniture), by Application (Household Use, Commercial Use and Others) and major geographies with country level break-up.
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global solid wood furniture market can witness an upsurge in the forecast period. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Solid Wood Furniture market throughout the predicted period.
Bernhardt Furniture Co (United States), Dyrlund Sørensen A/S (Denmark), HOO’S (France), Leggett & Platt (United States), Flexsteel Industries, Inc. (United States), Driade SpA (Italy), Tropitone Furniture Company, Inc. (United States), Furniture & Things, Inc. (United States), Knoll, Inc. (United States) and Huahe Capital (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Flou SpA (Italy), Butler Woodcrafters, Inc. (United States), Qitaihe Shuangye Furniture Industry Co., Ltd. (China), Minotti SpA (Italy), Misura Emme (Italy) and Natuzzi S.p.A. (Italy).
AdvanceMarketAnalytics has segmented the market of Global Solid Wood Furniture market by Type, Application and Region.
On the basis of geography, the market of Solid Wood Furniture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Laminated will boost the Solid Wood Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In September 2018, the Flipkart Pvt Ltd. (India) Company is all set to launch Pure Wood, a new range of solid wood furniture under the in-house home & furniture brand. Hence, this will, in turn, propel the growth of the solid wood furniture market.
- Investment on Infrastructure Projects in Developing Economies
- Growing Residential and Commercial Infrastructural Investment Coupled With Design Innovations in Production
- Rising Outdoor Furniture Demand Owing to Outdoor Dinner and Open-Air Living, Particularly in Developed Nations
- Rising Demand from Emerging Economics such as China and India
- Rise in Population and Urbanization in Emerging Economies
- Issue related to High Raw Material and Installation Cost
- Slow Growth of Construction Sector in Europe
- Problem regarding Volatility in the Price of Raw Materials
Key Target AudienceSolid Wood Furniture Manufacturers Companies, Regulatory bodies, Intermediary suppliers and End Users
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