Wooden Furniture Market to register 5.7% growth through 2026: Global Market Insights, Inc.

Selbyville, Delaware, Sept. 09, 2020 (GLOBE NEWSWIRE) —
Global Market Insights, Inc. has recently added a new report on blast chillers market which estimates the global market valuation for blast chillers will cross US$ 475 billion by 2026. Changing consumer buying behavior along with the presence of large-scale manufacturers will spur the industry growth.Increasing requirements for customizing home décor products coupled with rising consumer spending will predominantly spur wooden furniture market size. Augmenting investments in residential & commercial buildings supported by material & technological advancements offering durable & innovative storage solutions are bolstering the industry growth.Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4107The residential segment is projected to register a substantial CAGR of around 5.5% owing to rising housing construction activities coupled with improved standards of living in emerging economies. Augmenting economic growth and surging residential construction activities owing to the growing single household population will drive the non-upholstered wooden furniture application scope.The office segment is projected to register a healthy growth rate owing to rapid growth of urbanization and globalization. Office wooden furniture includes furniture specifically designed for office applications including lounges, individual workstation, meetings, and cafeterias. Establishment of start-ups, new offices, and corporate sectors is expected to spur the product demand in the office sector.The North America wooden furniture market will register around 5.5% CAGR. The growth is mainly driven by the dynamics in the industrial pallet lumber segment and significant consumer spending on housing furniture. Increased consumer spending is also attributed to the economic recovery after recession. Among consumers, end-users of particular interest are joint families and nuclear families. In the residential segment, wooden furniture, such as dining tables, kitchen furniture cabinets, and upholstered & non-upholstered components, observe considerable demand in the region.Browse key industry insights spread across 260 pages with 131 market data tables & 17 figures & charts from the report, “Wooden Furniture Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:https://www.gminsights.com/industry-analysis/wooden-furniture-marketCapacity expansion is a widely adopted strategy by various companies to capture the growth opportunities in a highly competitive market. In 2018, An Cuong announced to set up a new manufacturing plant equipped with advanced machinery in 100,000 sq. mt. area. In September 2018, Ashley Furniture Industries introduced its new Ashley HomeStore in Poughkeepsie, New York. Through this new store, the company can expand its wooden furniture and shopping business across the region and draw a large customer base.Some major findings of wooden furniture market report include:The residential segment dominated the industry due to significant housing construction activities coupled with increasing purchasing power.Asia Pacific is the largest and fastest-growing region for wooden furniture on account of improved lifestyles, rapid urbanization, and rising government investments on housing activities.Capacity expansions, partnership agreements, acquisitions, and product launches are some of the key strategies adopted by wooden furniture companies.La-Z-Boy, Inc., An Cuong, Ashley Furniture Industries, Inter IKEA Group, Okamura Corporation, Kvist Industries A/S, Herman Miller, Inc., Steelcase, Natuzzi S.p.A., Casta, the Home Depot Inc., Klaussner Home Furnishing, Samson Holding Ltd., and Bush Industries Inc. are some of the key players governing the wooden furniture industry.Browse complete reports table of contents (ToC): https://www.gminsights.com/toc/detail/wooden-furniture-marketPartial chapters of report table of contents (TOC):Chapter 2. Executive Summary2.1.    Wooden furniture industry 360° synopsis, 2016 – 20262.1.1. Business trends2.1.2. Application trends2.1.3. Regional trendsChapter 3. Wooden Furniture Industry Insights3.1.    Industry segmentation3.2.    Industry ecosystem analysis3.2.1. Raw material suppliers3.2.2. Manufacturers3.2.3. Suppliers & Distributors3.2.4. Wooden furniture assemblers3.2.5. Potential customers3.2.6. Distribution channel analysis3.2.7. Profit margin trends3.2.8. Value chain disruption analysis (COVID-19 impact)3.2.9. Vendor matrix3.3.    Technology landscape3.4.    Raw material trends3.5.    Global construction industry overview3.6.    Regulatory landscape3.6.1. North America3.6.2. Europe3.6.3. Asia Pacific3.6.4. LATAM3.6.5. MEA3.7.    Industry best practices & key buying criteria3.8.    Consumer buying behavior3.8.1. Unmet needs3.8.2. Social & cultural impact forces3.8.3. Information search3.8.4. Evaluation of alternatives3.8.5. Purchase decision3.8.6. Post purchase behavior3.9.    Innovation & sustainability3.10.    Pricing analysis, 2016 – 20263.10.1. Regional pricing3.10.2. Cost structure analysis, 20193.10.3. COVID-19 impact on pricing3.11.    Industry impact forces3.11.1.    Growth drivers, by region3.11.1.1.    North America3.11.1.2.    Europe3.11.1.3.    Asia Pacific3.11.1.4.    LATAM3.11.1.5.    MEA3.11.2.    Industry pitfalls & challenges3.12.    Growth potential analysis, 20193.13.    Competitive landscape, 20193.13.1.    Company market share analysis, 20193.13.2.    Key stakeholders3.13.3.    Strategy dashboard3.14.    Porter’s analysis3.14.1.    Supplier power3.14.2.    Buyer power3.14.3.    Threat of new entrants3.14.4.    Threat of substitutes3.14.5.    Industry rivalry3.15.    PESTEL analysis3.16.    COVID-19 impact on furniture industryBrowse related report:
Furniture Market Size By Material (Plastic, Wood, Metal), By Application (Residential [Upholstered Furniture, Non-Upholstered Furniture, Bedroom, Kitchen Cabinet, Dining Room, Blinds & Shades, Mattresses], Commercial [Business/Office, Educational, Healthcare, Hospitality]) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026
https://www.gminsights.com/industry-analysis/furniture-marketAbout Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision-making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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