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The bamboo furniture market size is forecast to increase by USD 5.60 Billion at a CAGR of 6.07% between 2022 and 2027. The increasing adoption of eco-friendly furniture is the key driver for market growth. As environmental awareness continues to rise globally, there's a significant shift towards sustainable and eco-friendly materials, including bamboo floors which offer durability, attractiveness, and various styles. Amid growing concerns about global warming, the introduction of green furniture crafted from natural materials has gained prominence.
Moreover, the rising number of online retailers specializing in bamboo furniture represents the primary trend in the market, facilitated by attractive offers and user-friendly e-commerce platforms. This emergence of global online retailing is anticipated to further propel the sales of bamboo furniture and significantly impact the growth of the global market.
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The offline segment is estimated to witness significant growth during the forecast period. The offline segment of the market has the largest customer base in the world due to the physical availability of the product and the advantage of its wide variety in furniture stores, stores, luxury furniture brand stores, etc. Rising living standards of populations around the world have also contributed to increased sales of this in offline stores.
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The offline segment was the largest segment and was valued at USD 11.84 Billion in 2017. Developing countries such as India, China, and Indonesia are experiencing rapid urbanization, people are buying new homes and apartments, and demand for bamboo-home kitchen furniture such as kitchen chairs, servers, and tables is increasing. They are suitable for the living room, washroom, and bathroom. Rising household income globally and the availability of large offline stores will increase the demand for this in the offline segment during the forecast period.
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APAC is estimated to contribute 52% to the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Economic development and population explosion in developing countries such as China and India are likely to boost the growth of the market. Rising disposable income and globalization are expected to fuel the demand for this in countries such as India, China, Malaysia, and South Korea.
Furthermore, the rising wood furniture industry is fueled by changing lifestyles, interests, and preferences for different types of wood furniture. Most of the demand for this from developing countries is generated by non-residential buildings such as offices, retail stores, and institutions. The housing sector in this region has been slow to adopt. However, the use of this product in residential homes is expected to increase significantly during the forecast period, thus propelling the market in the region.
The Bamboo Furniture market is thriving due to the surge in demand for eco-friendly outdoor and indoor furnishings. With a focus on sustainable production and green building materials, bamboo craftsmanship offers natural aesthetics and organic furniture options. As consumers embrace minimalist styles, the environmental benefits of biodegradable materials drive the trend further. However, challenges such as sourcing and manufacturing processes remain, necessitating innovative solutions to ensure the continued growth and accessibility of bamboo furniture in the global market.
Increasing adoption of eco-friendly furniture is the key driver for the growth of the furniture manufacturing market. As environmental awareness continues to rise around the world, there is a major shift towards sustainable living and eco-friendly design. Bamboo floors are also an eco-friendly alternative to hardwood floors, providing natural elegance while being durable and attractive. Growing concerns about global warming have led to the introduction of eco-friendly products made from renewable materials.
Although eco-friendly furniture comes with a premium price, the demand for such products is increasing due to contemporary design trends and the growth in eco-conscious consumer preferences. Due to the increasing demand for eco-friendly furniture, its availability in the market is also increasing. Players in the furniture manufacturing industry offer a wide range of intricately designed furniture made from environmentally friendly materials. Hence, the rising adoption of eco-friendly furniture will fuel the growth in the contemporary design segment and contribute to sustainable home furnishings market growth and forecasting.
The rising number of online retailers of bamboo furniture is the primary trend in the market. Bamboo furniture-manufacturers and retailers have started selling this, flooring, and other upholstery products through online channels. Attractive offers and the development of user-friendly e-commerce websites have contributed to the improvement of online sales of this product. The emergence of global online retailing is expected to boost sales of biodegradable furniture and have a significant impact on the growth of the global market.
Moreover, the increase in online sales is due to factors such as low operating costs, rising internet penetration, improved infrastructure in promising economies and emerging countries, greater penetration of mobile internet and smartphones, and time savings. Therefore, factors such as the increasing number of online retailers are expected to propel the growth of the market during the forecast period.
The availability of bamboo limited to specific geographic regions is a challenge that affects the growth of the market. Bamboo grows mainly found in certain regions of the world, such as Asia, Africa, and South America, and grows under certain climatic conditions. This limited geographical distribution of plants creates a challenge for the widespread cultivation of plants and consequently limits the availability of bamboo resources. The limited availability limits the overall supply of raw materials needed in various industries and applications.
Moreover, this shortage could lead to higher prices and supply chain issues, which could adversely affect the growth of the global market. The limited availability may cause consumers and the industry to turn to more affordable alternative materials, which may impede the growth of the global market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
In the realm of interior design and home decor, sustainable materials are at the forefront of contemporary trends. From outdoor furniture to indoor accents, the demand for eco-friendly choices is driving market growth and shaping market forecasting. Ethical sourcing and traditional craftsmanship merge seamlessly with modern interior design, offering consumers a plethora of renewable resources and sustainable solutions.
Bamboo products, known for their biodegradability and natural finish, have gained popularity in sustainable design circles. Whether it's outdoor decor or indoor furnishings, the emphasis is on earth-friendly materials and eco-conscious design. The furniture market trends reflect a shift towards green living and organic living spaces. Ethically made furniture, crafted from renewable materials, embodies the ethos of sustainable living.
Market research and growth analysis indicate a rising preference for eco-friendly home decor, paving the way for innovative sustainable solutions. With a focus on renewable design and sustainable materials, the future of interior design is rooted in ethical practices and environmentally conscious choices.
The market report forecasts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
147 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.07% |
Market growth 2023-2027 |
USD 5.60 Billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.65 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 52% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
achome, Australia OutdoorFurniture, BambooVillage Co. Ltd., Bamboovision, COBRA CANE, Fujian HeQiChang Bamboo-Industrial Co. Ltd., Golden Rattan Gold Coast, Greenington, Inter IKEA Holding BV, IRA-Furniture., KS-Bamboo, Lee Industries, Medley, Moso International B.V., Oriental Decor, Simply Bamboo PTY LTD, Smith and Fong Co., The Futon Shop, THE VILLAGE CRAFT STORE, and Williams Sonoma Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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