Bamboo Furniture Market by Type (Chairs, Tables, Sofas, Beds, Cabinets, Others), End Use (Residential, Commercial), and Distribution Channel (Specialty Stores, Online Retail, Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026720 | Pages: 100 | Industry: Consumer Goods | Date: Oct 2022 | Type: Global

The market crossed the US$ 13 billion mark in 2022 and is expected to hit US$ 19 billion by 2030, recording a CAGR of 4.8% during the forecast period.

Increasing government initiatives to promote bamboo products’ production

Various initiatives launched by the governments and governing bodies such as the Government of India, for promoting bamboo production such as the Restructured National Bamboo Mission to promote the cultivation and adoption through area-based and regionally differentiated strategies will continue pushing sales in the bamboo furniture market.  

Within the report, the market is segmented into type, end use, distribution channel, and geography. By type, the market is segmented into chairs, tables, sofas, cabinets, beds, and others. By end use, the market is bifurcated into residential and commercial. By distribution channel, the market is categorized into specialty stores, online retail, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Rising awareness regarding sustainable bamboo furniture

The growth is primarily attributed to rising investments in infrastructure developments coupled with the use of sustainable raw materials for furniture. Bamboo absorbs 40% more carbon dioxide and releases 35% more oxygen than trees thereby improving the air quality. Awareness regarding the advantages of using this material for sustainability is anticipated to propel the demand for bamboo furniture and is further expected to drive market growth in the forecast period.

Increasing demand for bamboo furniture in commercial places

Apart from the residential sector, bamboo is also used in commercial places such as hotels, offices, and recreational areas. Companies focus on crafting environmentally friendly furniture using bamboo as the major raw material. Rising consumer preference for rich, natural, and elegant interior décor is projected to drive demand for crochet and woven designed furniture thereby driving the bamboo furniture market growth.

Recent strategic developments in the bamboo furniture market

The bamboo furniture market has undergone several significant developments, and a few of these have been mentioned below:

  • In February 2019, Century Furniture declared its acquisition of a Curate Home Collection company. The acquisition helped the the company to strengthen the market position for its products and brands in the home décor segment

The bamboo furniture market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Jiangxi Feiyu Bamboo Industry Group Co. Ltd., Moso International B.V., Hadicomex VietHa Jsc, Ole Bamboo, Tanyee Company Ltd., are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Bamboo furniture manufacturer
  • Furniture related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

 

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
  • Chairs
  • Tables
  • Beds
  • Cabinets
  • Sofas
  • Others
  • End Use
  • Residential
  • Commercial
  • Distribution Channel
  • Specialty Stores
  • Online Retail
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Jiangxi Feiyu Bamboo Industry Group Co. Ltd.
  • Moso International B.V.
  • Hadicomex VietHa Jsc
  • Ole Bamboo
  • Tanyee Company Ltd.

The List of Companies
- Jiangxi Feiyu Bamboo Industry Group Co. Ltd.
- Moso International B.V.
- Hadicomex VietHa Jsc
- Ole Bamboo
- Tanyee Company Ltd.

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