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Wooden Furniture Market Size
- Report ID: GMI4107
- Published Date: Sep 2021
- Report Format: PDF
Wooden Furniture Market Size
Wooden Furniture Market size exceeded USD 370 billion in 2020 and is projected to expand at a steady CAGR of over 5.6% from 2021 to 2027. The rise in investments in the development & construction of new offices, hospitals, and hospitality infrastructure will prominently augment industry growth.
The increasing need for modern office interiors offering a comfortable & productive working environment will also contribute to an increasing demand for wooden furniture in the commercial application. The rapid commercialization across developing economies coupled with the need for cutting?edge modular furnishing to generate a better learning atmosphere in operational spaces will also enhance the market revenue.
The necessity to replace the aging infrastructure supported by high income per capita and willingness to spend on premium home interiors will drive advancements in the market. The expansion of global companies providing remodeling services within a stipulated time and budget period, supported by enhanced availability of new furniture designs, will propel the regional market growth. Major advantages of office remodeling are increase in energy-efficiency, improved employee performance, and employee satisfaction, supporting the industry.
| Report Attribute | Details |
|---|---|
| Base Year: | 2020 |
| Wooden Furniture Market Size in 2020: | 370.3 Billion (USD) |
| Forecast Period: | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR: | 5.6% |
| 2027 Value Projection: | 552.8 Billion (USD) |
| Historical Data for: | 2017 to 2020 |
| No. of Pages: | 175 |
| Tables, Charts & Figures: | 148 |
| Segments covered: | Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Wooden Furniture Market Scope
