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Bamboo Furniture Market Size, Trends, 2019-2025 | Industry Report

Bamboo Furniture Market Analysis Report By Type, By End User, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17619641  |  Published: May 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global bamboo furniture market size was worth USD 10.09 billion in the year 2018. The market is projected to ascend with a CAGR of 5.2% over the forecast period. Growing infrastructural development and increasing emphasizing on the use of sustainable materials for furniture are attributing to the growth of the market. Bamboo is known to absorb nearly 40% of the CO2 and, in turn, releases almost 35% of the oxygen, thus, improving the quality of air. Growing awareness about the benefits of bamboo as a raw material in furniture making is driving the market growth.

Residential application is the major driver of the market. Further, bamboo is known to offer aesthetically appealing looks to furniture items and gaining traction as a wood alternative owing to its durability, enhanced strength and wide availability. Additionally, increasing environmental concern among companies involved in wood processing is propelling the adoption of bamboo material.

Asia Pacific bamboo furniture market

Bamboo is used in various commercial places such as offices, hotels and other places besides housing units. The trend of using eco-friendly furniture is gaining traction among commercial complexes. Growing preferences by consumers for organic and aesthetically appealing interior design is anticipated to fuel the demand for bamboo furniture during the forecast period.

Bamboo is being widely incorporated in the design for flooring, woven wallpapers and accessories for bathroom. Its properties such as lightweight and sustainability are making it an ideal choice in both commercial and residential sectors. Few of the most common furniture made of bamboo are laminated forms, bamboo boards and strips. 

Type Insights

Among product type, bamboo stools held the largest bamboo furniture market share of around 44% in the year 2018. Growing product applications for both indoors and outdoors are attributing to this growth. In order to make contemporary design, commercial complexes including bars, café and restaurants increasingly prefer bamboo. This has led to a rise in investment by manufacturers in research & development. For example, Foter provides a variety of bar stools made up of bamboo for both commercial and residential applications.

On the other hand, furniture such as cabinets, chairs, tables and dressers are projected to register considerable growth over the next few years. Growing awareness about benefits provides by bamboo product resistant to shrinking and swellings are bolstering its demand in interior décor. Further, manufacturers are also focusing on introducing bamboo furniture made with innovative design with the use of composite materials.

End User Insights

Among end-users, the residential segment accounted for over 70% of the bamboo furniture market share in the year 2018. Increasing demand for furniture for living rooms, which offers elegant looks, is attributing to the growth of the segment. Further, rapidly rising real estate sector is projected to provide a lucrative opportunity for market growth over the next few years.

Global Bamboo Furniture market

On the other hand, the commercial segment is projected to register the considerable growth owing to the increasing use of organic material made furniture from various commercial complexes such as bars, restaurants and cafes. Further, the growing hospitality sector is also estimated to fuel the market growth over the forecast duration.

Regional Insights

Among regions, Asia Pacific held the largest market share of around 59% in the year 2018. The region is anticipated to grow at a CAGR of 5.8% over the forecast duration. Growing demand from Far East countries and China is attributing to regional growth. Rising urbanization coupled with growing expenditure on home décor is driving the demand in the Chinese market. Furniture such as bamboo chairs, beach beds and rattan chairs are getting increasingly popular in China. Additionally, the country is one of the major bamboo producers.

Bamboo Furniture Market Share Insights

Key players involved in the market are Hadicomex VietHa Jsc, Tanyee Company Ltd, Jiangxi Feiyu Bamboo Industry Group Co. Ltd, Shenzhen Vincent Handicraft Co., Greenington LLC, Moso International B.V., CBG Bamboo among others. Manufacturers are emphasizing on strengthening their market presence with partnerships and the introduction of new products in the market. For example, one of the leading manufacturers IKEA is planning to outsource bamboo from India in order to expand its product portfolio.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Germany, UK, China, India

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis on latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global bamboo furniture market report on the basis of type, end user, and region:

• Type Outlook (Revenue, USD Million, 2015 - 2025)
    • Chairs & Tables
    • Stools
    • Beds
    • Others

• End User Outlook (Revenue, USD Million, 2015 - 2025)
    • Residential
    • Commercial

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • India
        • China
    • Central & South America
    • Middle East & Africa (MEA)

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