Global Bamboo Furniture Market to reach USD 15.93 billion by 2027.Global Bamboo Furniture Market is valued approximately at USD 11.17 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2021-2027. Bamboo Furniture is considered as versatile, durable, suitable for moist or dry environments, and are environment friendly. The global Bamboo Furniture market is being driven by rising value of the furniture market worldwide. For instance, according to Statista, value of the furniture market worldwide is projected to increase worldwide from USD 509.8 billion in 2020 to USD 650.7 billion by 2027. Another important driving factor is the rising support from the government to promote bamboo furniture. For instance, in May 2020, Indian Institute of Technology Guwahati (IIT-G) of India designed bamboo furniture for Primary Health Centers in rural villages of Assam. Furthermore, the increasing investments in infrastructure developments, introduction of new products, and growing adoption of environment friendly products will provide new opportunities for the global Bamboo Furniture industry to excel. However, high maintenance required in hot climate may impede market growth over the forecast period of 2021-2027.
The regional analysis for the global Bamboo Furniture Market is based on the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading region across the world and is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027 owing to adoption of environment friendly furniture, rising bamboo production, increasing urbanization and rising demand for elegant interiors in the region.
Major market player included in this report are:
Greenington LLC
CBG Bamboo garden products co.,ltd.
Moso International B.V
Utsav Handicraft
Luit Nirman
S. Senniah Gowder
caneocane.in
Zhejiang Tianzhen Bamboo & Wood Development Co., Ltd
Gek Guan Enterprise Sdn Bhd
Reforest Design
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Chairs & Tables
Stools
Beds
Others
By End-User:
Residential
Commercial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Bamboo Furniture Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors