What is Wooden Furniture Market Scope?
Furniture refers to movable objects intended to support various human activities. Furniture is also used to hold objects at a convenient height for work or to store things. Hardwoods and softwoods are used in furniture manufacturing. The wood furniture can be changed over time to give it a second, third or fourth life. By sanding and staining, or painting, refinish wood furniture and give it an entirely new look boosting the market of wooden furniture. The use of eco-friendly furniture is the latest trend for the furniture industry.
The Wooden Furniture market study is being classified by Type (Solid Wood Furniture, Wood-based Panels Furniture and Miscellaneous Furniture), by Application (Home Furniture, Office Furniture and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States and Chinese will contribute to the maximum growth of Global Wooden Furniture market throughout the predicted period.
IKEA (Sweden), Ashley Furniture Industries (United States), Nitori (Japan), Yihua Timber (China), Huafeng Furniture (China), Dorel Industries (Canada), Nobilia (Germany), Sauder Woodworking (United States), Suofeiya (China) and La-Z-Boy Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Nolte Furniture (India), Hooker Furniture (United States), Quanu (India), Man Wah Holdings (China), Natuzzi (Italy) and Hulsta group (Germany).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Wooden Furniture market by Type, Application and Region.
On the basis of geography, the market of Wooden 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, Sweden, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In Jan 2019, Nobilia introduces a completely new stand design for LivingKitchen. Visitors enter through an enticing opening in Nobilia’s signature red and white facade, which blurs the boundaries between the interior and exterior worlds. Structural radiates warmth and naturalness in the new Havana oak décor. It conveys a feelgood atmosphere with its sensual and authentic character. Riva in Somerset oak reproduction supplements the range of new wood décors with a fine-grained oak finish for a look that is especially elegant.
Influencing Market Trend
- Adaptation of Eco-Friendly Furniture
Market Drivers
- Increasing Urbanization and Changing Lifestyle Worldwide
- Increasing Real Estate and Construction Industry includes Rise in Number of Office Spaces, Commercial Complexes, and Residential Buildings
Opportunities
- Growing E-commerce Industry Impacting on Online Sale of Wooden Furniture
- Due to Decent Central Focus and Decor, Increasing Demand from Commercial and Household Sector
Restraints
- Availability of Substitutes (like Metal Furniture) and Cost of the Wooden Furniture
Challenges
- Moisture Damage Wood Finishes and Soak into the Wood Underneath, Causing it to Split and Swell
- Ultraviolet Light Changes Wood’s Color and Damage the Surface
Key Target Audience
Wooden Furniture Manufacturer, Raw Material Suppliers, Distributor/Supplier and Potential Investors
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