Asia Pacific Wooden Furniture Market Forecast 2027 By Application (Residential [Upholstered Furniture, Non-Upholstered Furniture, Bedroom, Kitchen Cabinet, Dining Room], Commercial [Business/Office, Educational, Healthcare, Hospitality]), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: September 2021 | Report ID: GR1962 | Delivery: PDF Request Free Sample

Asia Pacific Wooden Furniture Market size surpassed USD 185 billion in 2020 and is anticipated to exhibit 5.9% CAGR between 2021 and 2027. Rising residential and commercial construction activities in Asia Pacific will trigger the market growth.

Asia Pacific Wooden Furniture Market Size

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Increasing popularity of outdoor furniture will drive the market growth. The demand for customized poolside furniture and patio sets is rising among consumers. In response to consumer needs, wooden furniture manufacturers are developing special customized products featuring high-quality materials and unique design characteristics.

Asia Pacific Market, By Application

Asia Pacific Wooden Furniture Market, By Application

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The commercial sector will observe around 6.4% growth rate during the forecast period. Rising commercial construction activities within Asia Pacific will propel the market growth. The positive outlook of the regional tourism sector will positively influence the development of hotel infrastructure. Many countries in Asia Pacific are formulating initiatives and policies for accelerating the growth of the education sector. Such trends will aid in the development of new institutional & research facilities. In addition, rising healthcare spending will fuel the hospital infrastructure growth.

Asia Pacific Market, By Country

China and India are expected to dominate the global construction sector in upcoming years. China’s construction sector growth rate is slow as compared to India; however, consumer & service driven economy and rising investment levels will boost the construction sector in China. India’s construction sector will witness favorable trends in future due to huge infrastructure investments, supportive Foreign Direct Investment (FDI) policy, smart city program, and provision of funds for affordable housing.

Competitive Industry Landscape

Au Cuong, Avy Interior Limited Company, Eurostyle, Hoang Moc Furniture Co., Ltd., Hafele, Man Wah Holdings Limited, Meike International Household Products Co., Ltd., Nitori Holdings Co. Ltd., QuanU Furniture, Samson Holding Ltd., Sunon Inc., Sophia Home Furnishing Co., Ltd., and Okamura Corporation are key players in the Asia Pacific wooden furniture industry. These companies are adopting various strategies such as product differentiation & development, production capacity expansion, and mergers & acquisitions to strengthen their market presence.

Frequently Asked Question(FAQ) :

What is the size of Asia Pacific wooden furniture industry?

The market revenue for wooden furniture in Asia Pacific was exceeded USD 185 billion in 2020 and will observe around 5.9% CAGR from 2021 to 2027.

Why will wooden furniture market grow in Asia Pacific?

The market for wooden furniture in Asia Pacific will expand with growing commercial and residential construction activities.

Why is commercial wooden furniture demand rising in Asia Pacific?

The market share for wooden furniture in Asia Pacific from commercial sector could observe around 6.4% CAGR up to 2027 in the wake of robust government policies and growth of tourism sector.

Which are the manufacturers of wooden furniture in Asia Pacific?

Interior Limited Company, Au Cuong, Avy, Eurostyle, Hafele, Man Wah Holdings Limited, Meike International Household Products Co., Ltd., Nitori Holdings Co. Ltd., and QuanU Furniture among others are the key manufacturers in APAC market.

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