NEW YORK, Aug. 6, 2021 /PRNewswire/ -- Technavio has been monitoring the wooden furniture market and it is poised to grow by $48.48 billion during 2021-2025, progressing at a CAGR of 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The growth of the real estate and construction industry and rising demand for luxury furniture will offer immense growth opportunities to the wooden furniture market vendors. However, cost challenges faced by manufacturers and vendors, longer product replacement cycles, environmental concerns will challenge the growth of the market participants. Furthermore, this wooden furniture market study identifies the replacement of wood with composite wooden furniture as one of the prime trends anticipated to impact the wooden furniture market growth positively during the next few years.
Wooden Furniture Market 2021-2025: Scope
Report Metrics |
Report Details |
Base Year Considered |
2020 |
Forecast Period |
2021-2025 |
Forecast Unit |
Billion |
Segments Covered |
By Product, Application, and Geography |
Geographies Covered |
APAC, Europe, North America, South America, and MEA |
Companies Covered |
Ashley Furniture Industries Inc., Godrej & Boyce Manufacturing Co. Ltd., Herman Miller Inc., HNI Corp., Inter IKEA Holding BV, Laura Ashley Holdings Plc, Okamura Corp., Steelcase Inc., Williams-Sonoma Inc., and Yihua Enterprise (Group) Co. Ltd. |
To learn more about the global trends impacting the future of market research, Download our Report:
www.technavio.com/report/wooden-furniture-market-industry-analysis
Wooden Furniture Market 2021-2025: Segmentation
Wooden Furniture Market is segmented as below:
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Similar Reports |
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Report |
Incremental Growth |
CAGR |
|
$134.70 bn |
4.10% |
||
$17.49 bn |
4.00% |
||
$3.73 bn |
3.02% |
||
Wooden Furniture Market 2021-2025: Key Highlights
Table Of Contents :
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market segment by Product
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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