North America Wooden Furniture Market Analysis Report by Future Prediction Report 2020-2026
Market
Insights:
According to the Graphical Research new growth forecast
report titled “North America Wooden Furniture
Market size will
surpass USD 65 billion by 2026”. The increasing adoption of aesthetically
pleasing products in homes is augmenting the demand for wooden furniture in
North America.
Hectic consumer lifestyles due to busy working schedules in
numerous countries will result in a demand for relaxing home environments. The
requirement for a relaxing atmosphere in residential buildings is a crucial
factor that would support the North America wooden furniture market growth. The
urge to spend quality time with friends & family on weekends and during
holidays is another factor that will boost the product demand. Furthermore, several
homeowners are focusing on enhancing beauty in living spaces by using modern
furniture that will provide stylish dining & seating arrangements.
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Rapid socializing trends and a modern lifestyle including
dining in balconies or enclosed garden areas, grilling & barbeque events,
night parties, or even official meetings are propelling the product demand in
the market. The growing usage of free space for backyard lawns or front yards,
garden makeovers, backyard gardening, and indoor gardens with contemporary
trends in architectural designs are improving residential aesthetics. North
American countries have robust traditional residences with large sitting areas
and living spaces that require wooden furniture to enhance the aesthetic
appeal. The rising need for dining, relaxing, and spending quality time with
family & friends is fostering the product demand, bolstering the market
size in the future.
Several regulations on the cutting of trees have however
exponentially raised the prices of almost all types of woods, directly
propelling wooden furniture prices. This rapid surge in furniture prices may
act as a barrier in the market growth by 2026.
The North America wooden furniture market from the
commercial sector is anticipated to observe a market share of over 35% by 2026.
Increasing tourism & travel trends in several countries have attracted an
increased number travelers, tourists, and visitors, thus strong supporting
market growth. Premium & moderate hotels, cafes, restaurants, and beaches
are the key attraction points for visitors in the countries. A major factor
that attracts consumers to open cafes and restaurants is attractive furniture.
Commercial consumers are specific in choosing and making wooden furniture
through contractors and designers. Increasing modern trends and consumer
penetration through online platforms have boosted product adoption in the commercial
sector. Premium fabric, ease-of-cleaning, and cost-effectiveness are the
factors that consumers look for in furniture, generating revenue growth.
Some of the major players functioning in the North America
wooden furniture market are Ashley Furniture Industries, Avy Interior Limited
Company, Bernhardt Furniture Company, Bassett Furniture Industries, Inc., Bush
Industries, Inc., Century Furniture, Casta, Doimo, Ethan Allen Global, Inc.,
Dorel Industries, Inc., Moc Furniture, Hooker Furniture Corporation, Hafele,
and IKEA Systems B.V.
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Table of Contents:
Chapter 1 Methodology &
Scope
1.1 Research Methodology
1.2 Market estimation & forecast
parameters
1.3 List of Data sources
1.3.1 Primary
1.3.2 Secondary
Chapter 2 Executive Summary
2.1 North America wooden furniture market
snapshot
Chapter 3 North America
Wooden Furniture Industry Insights
3.1 Industry coverage
3.2 Industry size and forecast, 2016 – 2026
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
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