Global Bamboo Furniture Market, Trends & Growth Opportunity, By Furniture Type (Chairs, Tables, Desks, Beds), By End Use (Residential, Commercial), By Region and Forecast Till 2030.
Report ID : IR1001992 | Industries : Energy & Power | Published On :June 2024 | Page Count : 231
Global Bamboo Furniture Market, Trends & Growth Opportunity, By Furniture Type (Chairs, Tables, Desks, Beds), By End Use (Residential, Commercial), By Region and Forecast Till 2030.
Global Bamboo Furniture Market
The Global Bamboo Furniture Market was valued at USD 12.6 Bn in 2022 and is expected to expand to USD 20.44 Bn by 2030 at a CAGR of 5.32% during the forecast period 2023-2030.
Bamboo has long been a traditional material for making furniture. It is one of the most environmentally friendly materials available. Bamboo grows mainly in the countries of China, Japan, India, parts of Australia, and the USA. It is lightweight, economical, easy to clean, and aesthetically pleasing. It is also a renewable source as it grows much more quickly than hardwoods. Bamboo furniture can be seen in a variety of places, like homes, offices, hotels, restaurants, cafes, parks, etc.
Market Drivers
The global bamboo furniture market is being driven the increasing residential usage. Many are shifting their preferences to bamboo due to its aesthetic appeal. Bamboo furniture is lightweight, strong, durable, and easily available. This has allowed people to consider bamboo as a substitute for traditional wooden furniture.
Bamboo is also being increasingly used in commercial settings, such as in hotels, lounges, and restaurants. Its unique appearance enhances the aesthetic appeal of indoor and outdoor areas. These factors are driving the market growth for bamboo furniture.
Market Restraints
The biggest restraints for the bamboo furniture market are the climatic conditions and susceptibility to insects. Bamboo is not the best furniture for rainy climatic conditions. The material is not resistant to moisture. This makes bamboo furniture a poor choice for outdoor decors, and unsuitable in residences where the climatic conditions are humid and rainy.
Moreover, bamboo may be easily affected by insect attacks. Bamboo furniture must be treated thoroughly to ward off such cases. These reasons can impact people's preferences toward choosing bamboo furniture and thus, impeding the market’s growth.
Market Segmentation
The global bamboo furniture market is segmented into furniture types, such as chairs, tables, desks, and beds. Further, the market is segmented into end uses of residential and commercial.
Regional Analysis
The Asia Pacific dominates the market for bamboo furniture, and this trend is likely to continue throughout the forecast period. Bamboo has traditionally been a notable material for indoor and outdoor furniture, especially in India and China. It is cost-effective and light, which appeals to a large segment of the Asian population. Additionally, China is a major producer of bamboo furniture, which supports the dominance of the Asia Pacific market.
Key Players
IKEA, Tanyee Company Ltd, CBG Bamboo, Greenington LLC, Moso International B.V., Hadicomex VietHa, Shenzhen Vincent Handicraft Co Ltd, Cane O Cane, Ole Bamboo, Zhejiang Tianzhen Bamboo and Wood Development Co., Ltd., July Bambu Co. Ltd, Howdens Joinery Ltd, Hanssem Co. Ltd.
Market Taxonomy
By Furniture Type
• Chairs
• Tables
• Desks
• Beds
By End Use
• Residential
• Commercial
By Region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Rest of Europe)
• Asia Pacific (China, India, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)
Global Bamboo Furniture Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Bamboo Furniture Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Bamboo Furniture Market, By Furniture Type
5.1 Y-o-Y Growth Comparison, By Furniture Type
5.2 Global Bamboo Furniture Market Share Analysis, By Furniture Type
5.3 Global Bamboo Furniture Market Size and Forecast, By Furniture Type
5.3.1 Chairs
5.3.2 Tables
5.3.3 Desks
5.3.4 Beds
6 Global Bamboo Furniture Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Bamboo Furniture Market Share Analysis, By Application
6.3 Global Bamboo Furniture Market Size and Forecast, By Application
6.3.1 Residential
6.3.2 Commercial
7 Global Bamboo Furniture Market, By Region
7.1 Global Bamboo Furniture Market Share Analysis, By Region
7.2 Global Bamboo Furniture Market Size and Forecast, By Region
8 North America Bamboo Furniture Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Bamboo Furniture Market Share Analysis, By Furniture Type
8.3 North America Bamboo Furniture Market Size and Forecast, By Application
8.4 North America Bamboo Furniture Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Bamboo Furniture Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Bamboo Furniture Market Share Analysis, By Furniture Type
9.3 Europe Bamboo Furniture Market Size and Forecast, By Application
9.4 Europe Bamboo Furniture Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Bamboo Furniture Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Bamboo Furniture Market Share Analysis, By Furniture Type
10.3 Asia Pacific Bamboo Furniture Market Size and Forecast, By Application
10.4 Asia Pacific Bamboo Furniture Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia
11 Latin America Bamboo Furniture Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Bamboo Furniture Market Share Analysis, By Furniture Type
11.3 Latin America Bamboo Furniture Market Size and Forecast, By Application
11.4 Latin America Bamboo Furniture Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Bamboo Furniture Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Bamboo Furniture Market Share Analysis, By Furniture Type
12.3 Middle East Bamboo Furniture Market Size and Forecast, By Application
12.4 Middle East Bamboo Furniture Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
15.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market Share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 IKEA
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Tanyee Company Ltd
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 CBG Bamboo
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Greenington LLC
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Moso International B.V.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Hadicomex VietHa
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Shenzhen Vincent Handicraft Co Ltd
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Cane O Cane
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Ole Bamboo
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Zhejiang Tianzhen Bamboo and Wood Development Co Ltd
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
14.11 July Bambu Co. Ltd
14.11.1 Overview
14.11.2 Offerings
14.11.3 Key Financials
14.11.4 Business Segment & Geographic Overview
14.11.5 Key Market Developments
14.11.6 Key Strategies
14.12 Howdens Joinery Ltd
14.12.1 Overview
14.12.2 Offerings
14.12.3 Key Financials
14.12.4 Business Segment & Geographic Overview
14.12.5 Key Market Developments
14.12.6 Key Strategies
14.13 Hanssem Co. Ltd
14.13.1 Overview
14.13.2 Offerings
14.13.3 Key Financials
14.13.4 Business Segment & Geographic Overview
14.13.5 Key Market Developments
14.13.6 Key Strategies