Global Wooden Furniture Market Size and Forecast 2023-2032|Ashley Home Stores Ltd., Bassett Furniture Industries, Bernhardt Furniture Company, AVY Interior, An Cuong Wood Working Materials

The Wooden Furniture Global Market Report 2023 by The Business Research Company, provides wooden furniture market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

Learn More On The Wooden Furniture Market:

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According to The Business Research Company’s Wooden Furniture Global Market Report 2023, the market size is expected to grow from the global wooden furniture market size is expected to grow from $99.19 billion in 2022 to $105.92 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The global wooden furniture market size is expected to reach $133.86 billion in 2027 at a CAGR of 6.0%.

The growing construction sector is expected to boost the growth of the wooden furniture market going forward. The construction sector refers to the commercial area of industry and trade concerned with constructing, maintaining, and repairing infrastructures. Due to its natural cellular structure, wood is a better insulator than steel and plastic which keeps heating and cooling in homes and workplaces and consumes less energy. Wood furniture also helps to control humidity levels. Hence, the growing construction sector is expected to boost the wooden furniture market.

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The wooden furniture market is segmented:

1) By Product: Chairs, Tables, Cabinets, Other Products

2) By Wood Type: Mango Wood, Sheesham Wood, Rubber Wood, Other Wood Types

3) By Material: Lamination, Plywood, Medium Density Fibreboard (MDF), Other Materials

4) By Distribution Channel: Hypermarkets, Specialty Stores, Online Retail, Other Distribution Channels

5) By Application: Residential, Commercial

Product innovation is the key trend gaining popularity in the wooden furniture market. Major companies operating in the wooden furniture market are focusing on developing new products to sustain their market position. For instance, in December 2022, Fancyarn, a US-based manufacturer of furniture, launched 100% eco-friendly oak tables and benches. These tables and benches have a unique feature in that they are built entirely of oak wood. The bench’s fabric gives it a sophisticated appearance that works well with rustic surroundings. The end table has formaldehyde-free paint and is painted with only natural, certified solid oak wood.

The wooden furniture market report table of contents includes:

1. Executive Summary

2. Wooden Furniture Market Characteristics

3. Wooden Furniture Market Trends And Strategies

4. Wooden Furniture Market – Macro Economic Scenario

5. Wooden Furniture Market Size And Growth

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26. Africa Wooden Furniture Market

27. Wooden Furniture Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Wooden Furniture Market

29. Wooden Furniture Market Future Outlook and Potential Analysis

30. Appendix

Top Major Players:

• Ashley Home Stores Ltd
• Bassett Furniture Industries
• Bernhardt Furniture Company
• AVY Interior
• An Cuong Wood Working Materials

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