Global Bamboo Furniture Market

Global Bamboo Furniture Market is anticipated to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of 5.3% during a forecast period.
Global Bamboo Furniture Market Overview

The increase in construction activities globally is expected to fuel the global bamboo furniture market. The construction volumes are expected to grow up to as much as 85%, which translates to a market worth of USD 15.5 trillion during the forecast period. The countries like India, China, and United States are anticipated to hold 58% of the market share as these countries are the largest market for bamboo growers. Bamboo, which is widespread in tropical and subtropical climates, is the most significant and lucrative non-wood forest product in India and China. Asia is the wealthiest continent, accounting for around 65 percent of total global bamboo resources. This in turn is expected to contribute to the growth of the market during the forecast period.

Global Bamboo Furniture Market

Global Bamboo Furniture Market 1

The growing awareness regarding global warming and the environment is surging the demand of the bamboo furniture market globally. As Bamboo is good at absorbing carbon dioxide, 40% more efficient than other alternatives and as a tree, it releases 36 % more oxygen. It decreases the atmospheric concentration of carbon dioxide, which is the main reason for global warming. This makes people switch to green alternatives like bamboo material as it fits well for furniture and decorative items. Furthermore, it is artistically attractive, as sustainable living becomes an increasingly important element of millennial lifestyles. These factors are expected to drive the growth of the bamboo furniture market during the forecast period.

Environmentally friendly furniture with bamboo as the primary raw material is the focus of companies. The rising demand for crochet or woven designed furniture is predicted to stimulate the growth of the bamboo furniture market for the rich, natural and elegant interior design.
Global Bamboo Furniture Market Segmentation Analysis

By Product, Bamboo stools held the largest market share of 45% in 2019 due to increasing product use in both commercial and residential activities. Bamboo bar stools are increasingly preferred to provide a more contemporary look in commercial facilities such as outdoor restaurants, cafés, and bars. Other products like chairs and tables, cabinets, and dressers are expected to register significant growth over the forecast period. The creation of handmade products based on bamboo interior decoration is increasing awareness of the advantages of sustainable material, resistance to shrinking.

By End-user, in 2019, the residential segment represented more than 70 percent of the greatest market share. The market is expected to rise as demand for beautiful furnishings that supplements the living and bedroom décor increases. The increase in government-led real estate building, particularly in metropolitan regions, is set to boost growth.

Global Bamboo Furniture Market

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Due to major use for decorating bamboo furniture, the commercial segment is projected to be a substantial CAGR during the forecast period. The increasing hotel industry, the growing numbers of restaurants, and thematic beach cafés, bars, and other leisure places are expected to drive the segment’s growth.
Competitive Landscape

Major manufacturers use a variety of techniques, including new product launches, mergers and acquisitions, and foraying into new markets to grow their footprints. As an example, the application Bamtech, which is specifically built for bamboo housing and construction, was introduced. This new software provides information about the use of bamboo in housing, building, furniture production, and the manufacture of high-quality items. For craftsmen, businesses, and local youngsters, this application would become extremely useful.

Century Furniture announced the acquisition of the Curate home line in February 2019. The company’s market position can be strengthened as a result of this purchase. They would be able to grow their product offering and cater better items to their consumers by including the Curate home collection products into their portfolio.
Global Bamboo Furniture Market Regional Analysis

The Asia-Pacific is the largest bamboo furniture market. The market share was approximately 60% in 2019 and is anticipated to grow by 5.8% CAGR during the forecast period. The majority of the market growth is driven by high investment in home decor and decorations in China and the East countries. Outdoor furnishings such as beach beds, bamboo chairs, and rattan chairs are projected to increase due to the growing popularity of the local market growth.
China is a major producer of bamboo and has a significant demand for durable furniture. However, more than 5 million pieces per year are created by most Chinese bamboo production companies. These factors are anticipated to drive the regional market growth during the forecast period.

Global Bamboo Furniture Market 2

The objective of the report is to present a comprehensive analysis of the Global Bamboo Furniture Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Bamboo Furniture Market dynamics, structure by analyzing the market segments and project the Global Bamboo Furniture Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Bamboo Furniture Market make the report investor’s guide.

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Global Bamboo Furniture Market 2
Global Bamboo Furniture Market by Region:

• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America
Global Bamboo Furniture Market Key Players

• Jiangxi Feiyu Bamboo Industry Group Co. Ltd
• Moso International B.V.
• Hadicomex VietHa Jsc
• Ole Bamboo
• Tanyee Company Ltd
• Shenzhen Vincent Handicraft Co., Limited
• CBG Bamboo
• Greenington LLC
• Utsav Handicraft
• Luit Nirman
• S. Senniah Gowder
• Zhejiang Tianzhen Bamboo & Wood Development Co., Ltd
• Gek Guan Enterprise Sdn Bhd
• Reforest Design
• July Bambu Co. Ltd

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