The Detailed Market intelligence report on the Global Bamboo Furniture Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Global Bamboo Furniture Market place for the forecast 2019– 2025.
Global Bamboo Furniture Market is valued at USD 12.9 Million in 2021 and expected to reach USD 19.65 Million by 2028 with CAGR of 6.2% over the forecast period.
Bamboo is preferred owing to its ability to improve the air quality. Awareness with regard to the advantages of the use of the material for sustainable development has been expected to add to the growth in the market. The reasons for growth are primarily the investment in the development of infrastructure in addition to the use of sustainable materials for the manufacture of this production. The global bamboo furniture market size has been valued significantly in the last few years and its value is expected to increase in the coming years.
The global bamboo furniture market has been driven majorly by the rising application in residences in addition to the aesthetic appeal which it offers to the furniture. Bamboo has been gaining a major market share because of its acceptance as being a substitute for wood. The rise in awareness of climate change along in the companies which process wood has been projected to drive this adoption of bamboo as a building material which is sustainable and hence the growth of the global bamboo furniture market too.
In addition to the units of housing, bamboo has been used in the places of business such as offices, hotels as well as recreational areas. The companies are focusing on the crafting of the furniture which is environment friendly with the use of bamboo as their raw material. Rise in the preference of consumers for a natural, rich and elegant décor has been further driving the growth for the market of crochet as well as woven designed furniture and therefore driving the growth of the global bamboo furniture market.
Bamboo Chair, Bamboo Desk, Bamboo Bed
Bamboo has made a great comeback with the modern designing of flooring, wallpapers and furniture even expanding to modern bathroom accessories. These materials are gaining a high level of traction in the commercial and residential sectors because of their light weight and sustainability and this makes it easier to move it around. A few of the common types of furniture which are used are bamboo boards, laminated forms as well as strips. The bamboo stools are presently accounting for the greatest share in the market as per the recent reports and this is due to the application of this product in both the indoor and outdoor purposes. The commercial buildings like the cafes, bars and outdoor restaurants increasingly prefer the bamboo bar stool for creation of a contemporary look. Due to the increase in demand, there has been an increase in the investment in innovating products as well as R&D. All these factors are boosting the overall growth of the global bamboo furniture market.
Furniture for offices like tables, chairs and dressers in addition to other products have been expected to see a major amount of growth in the years forthcoming. The rise in awareness with regard to the benefits of durable as well as sustainable material has resistance for shrinking and swelling has been driving production levels for the bamboo based articles for interior décor.
Bamboo Furniture Market by Regional Analysis:
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
Asia Pacific has had the largest amount of share in the global bamboo furniture market recently and it has also been expected to grow at the better rate. Biggest amount of growth has been driven by the countries like China along with the far-east countries. The improvement in the standards of living in China has resulted in the higher investment in the décor as well as furnishing. The rise in the popularity of the furniture outdoor like the bamboo chairs, beach beds and rattan chairs has been expected to growth the global bamboo furniture market even more in China. Besides, the country is a leading producer of bamboo and that is significant in the production of furniture which is durable and helps in the increase of demand too. Key players in the global bamboo furniture market are Ole Bamboo, Shenzhen Vincent, Greenington LLC among others.
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