Bamboo Furniture Market Overview:
The Bamboo Furniture market research gives a detailed view of the competition, including the market share and company profiles of the major competitors in the global industry. The scope of the research includes a comprehensive examination of the Bamboo Furniture Market, as well as the reasons for variations in the industry's growth in various locations.
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Global Bamboo Furniture Market is expected to grow at a CAGR of 6.2% during the forecast period. Global Bamboo Furniture Market is expected to reach US$ 16.76 Bn. by 2027.
Market Scope:
Following the completion of market engineering, which included calculations for market statistics, estimations of market size, market forecasts, market breakdown, and data triangulation, significant primary research was done to acquire information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up techniques, as well as many data triangulation methodologies, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all facts obtained over the whole market engineering process in order to provide essential information throughout the report.
Drivers:
The demand for bamboo furniture is anticipated to rise due to the increase in construction activities around the world. During the forecast period, it is anticipated that construction volumes will increase by up to 85%, translating to a market worth USD 15.5 trillion. Since these nations are the largest markets for bamboo growers, it is anticipated that India, China, and the United States will account for 58% of the market share. In India and China, bamboo is the most significant and profitable non-wood forest product due to its widespread occurrence in tropical and subtropical climates. The majority of the world's bamboo resources, or about 65 percent, are found on the richest continent, Asia. This is then anticipated to support market expansion over the course of the forecast period.
Segmentation:
By Goods, Due to an increase in product usage in both commercial and residential activities, bamboo stools held the largest market share of 45% in 2021. Bamboo bar stools are becoming more and more popular in commercial spaces like outdoor restaurants, cafés, and bars to give a more modern appearance. Over the course of the forecast period, it is anticipated that other products like cabinets, dressers, and chairs will experience significant growth. Awareness of the benefits of sustainable materials, such as their resistance to shrinking, is growing thanks to the production of handmade items based on bamboo interior decoration.
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Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Bamboo Furniture market are as follows:
• 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
• caneocane.in
• Zhejiang Tianzhen Bamboo & Wood Development Co., Ltd
• Gek Guan Enterprise Sdn Bhd
• Reforest Design
• July Bambu Co. Ltd
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Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Bamboo Furniture market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Bamboo Furniture Market:
End-user industries where Bamboo Furniture are utilised saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Bamboo Furniture manufacturers, influencing the development of the Bamboo Furniture market in 2020. End-user business demand for Bamboo Furniture has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Bamboo Furniture Market Report are:
- In 2021, which segment held the highest proportion of the Bamboo Furniture market?
- What is the Bamboo Furniture market's competitive landscape?
- What are the primary drivers assisting Bamboo Furniture market growth?
- Which region has the most market share in the Bamboo Furniture market?
- What will be the Bamboo Furniture market's CAGR throughout the projected period (2022-2027)?
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