Product Launches: Proliferation of Wooden Furniture Globally to Bolster the Growth of the Market

Published: Aug 2023

The global wooden furniture market is anticipated to grow at a CAGR of 4.64% during the forecast period (2023-2030). One of the key reasons propelling the growth of the wooden furniture industry is the fast-expanding expenditure on new home construction and technological improvements. The strength and durability of hardwood furniture are two very evident benefits. It is preferable to choose teakwood or any other robust solid wood when purchasing furniture such as a dining table, sofa for your living room, or even a closet for your bedroom. 

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 (2023-2030)” at https://www.omrglobal.com/industry-reports/wooden-furniture-market

For Instance, in June 2023, A well-known producer of luxury furniture, Wooden Bazar, is excited to announce the arrival of its newest collection of wooden furniture after much anticipation. This exclusive collection features a variety of painstakingly produced items, from traditional designs to modern works of art, all of which are intended to increase the sophistication and elegance of any living area. It is common for companies in the wooden furniture market to collaborate with each other. For Instance, in April 2023, Together, Zaha Hadid Design and Karimoku Furniture unveiled their first furniture line, an investigation of wood furniture design that incorporates Zaha Hadid's style. By utilizing the most innovative technology and production techniques, this partnership unites Karimoku's unwavering quality standards with ZHD's unique design language and imaginative approach to materiality.  Engineered wood is also often more affordable than solid wood, making it a popular choice for furniture manufacturers. For Instance, in January 2023, ISHO introduces their first collection of engineered wood furniture. The Scandinavian minimalism-inspired Orebro bedroom collection by ISHO features an extremely sleek finish and gives consumers two sets of queen-size beds with bedside tables.

Market Coverage

The market number available for – 2022-2030

Base year- 2022

Forecast period- 2023-2030

Segment Covered- 

o By Wooden Type

o By Product

o By Distribution Channel

o By End Users

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- includes Herman Miller Inc., Steelcase Inc., HNI Corp., Duff & Phelps Corp., and others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

Who is the leader in the market?

How are players addressing challenges to sustain growth?

Where is the investment opportunity?

Global Wooden Furniture Market Report Segment

By Wooden Type

  • Hardwood
  • Softwood

By Product

  • Chairs
  • Tables
  • Cabinets
  • Others (Sofas and Couches)

By Distribution Channel

  • Supermarket and Hypermarket
  • Specialty Stores
  • E-commerce 
  • Others (Local Stores and Independent Retailers)

By End Users

  • Residential
  • Commercial

Global Wooden Furniture Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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