The global wooden furniture market is anticipated to grow at a CAGR of 4.64% during the forecast period (2024-2031). The market growth is driven by the rising disposable incomes, the rapid expansion of the real estate and hospitality sectors, and rising demand for luxury and premium furniture from certain consumer segments. The introduction of marketing campaigns by market players is also contributing significantly towards the market growth. For instance, in July 2022 Wooden Furniture brand HATIL, crafted a new product campaign namely ‘Modern furniture crafted with elegance’.
Browse the full report description of “Wooden Furniture Market Size, Share & Trends Analysis Report by Wooden Type (Softwood, Hardwood), By Product (Chairs, Tables, Cabinets, and Others), and by Distribution Channel (Supermarket and Hypermarket, Specialty Stores, E-commerce and Others), by End Users (Residential, Commercial), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/wooden-furniture-market
The global wooden furniture market is segmented by the wooden type (into softwood and hardwood), product (into chairs, tables, cabinets, and others (Sofas and Couches)), distribution channel (into Supermarkets and Hypermarket, Specialty Stores, e-commerce, and others (local stores and independent retailers)), end users (into residential and commercial) and geographies (into North America, Europe, Asia-Pacific, and the Rest of the World).
Market Highlights and Recent Developments
The major players in the global wooden furniture market include Haworth, Inc., Inter IKEA Systems BV, Steelcase Inc., Masco Corp., HNI Corp., & J.G. STICKLEY, INC., Kimball International, Inc., Okamura Corp., Heritage Home Group LLC, and Durham furniture Inc., and others. The market players are contributing considerably to the market growth by the adoption of various market strategies. For instance, in January 2023, In Mumbai, the omnichannel furniture company Wooden Street opened its eighth experience store. The recently opened shop will sell furniture and home decor items and is situated at Arihant Aarohi, Kalyan-Shil Road, Shilphata, Padle Gaon in Thane, Maharashtra.
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