The global bamboo furniture market size is expected to reach USD 18.2 billion by 2030. It is anticipated to expand at a CAGR of 6.9% from 2024 to 2030. The growth is primarily attributed to rising investments in infrastructure developments and use of sustainable raw materials for furniture.
Bamboo is also gaining an increasing traction in terms of application in the commercial sector such as hotels, offices and recreational areas. Companies focus on crafting environmentally friendly products using bamboo as the major raw material. This factor is anticipated to drive the market in near future.
Asia Pacific is a one of the major markets, with China and other Far East countries as the major hubs. India is also expected to be a lucrative market for the manufacturers supported by the rising preference for sustainable and elegant furniture. Ikea has made India its global sourcing hub for bamboo products with an aim to expand its product portfolio.
Bamboo stools accounted for the highest market share of about 43.5% in 2023. Rising usage of bamboo furniture for both indoor and outdoor purposes is anticipated to drive the segment growth. Increasing demand from outdoor restaurants, cafes, and bars is projected to further fuel the product demand in near future. Foter offers a wide range of bamboo bar stools for both residential and commercial purposes in various designs.
The global bamboo furniture market is majorly driven by the residential application. Rising demand for elegant furniture to complement the living room and bedroom décor along with the rise in real estate constructions initiated by governments, especially in the urban areas is projected to drive the segment growth.
Asia Pacific accounted for the largest market share of about 61.3% in 2023. It is also expected to expand at the fastest CAGR of 7.5% from 2024 to 2030. Majority of the growth is driven by China and other Far East countries. Improving living standards in China are resulting in higher investments in home décor and furnishings, which in turn is anticipated to fuel the market.
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Bamboo is also gaining an increasing traction in terms of application in the commercial sector such as hotels, offices and recreational areas. Companies focus on crafting environmentally friendly products using bamboo as the major raw material. This factor is anticipated to drive the market in near future.
Asia Pacific is a one of the major markets, with China and other Far East countries as the major hubs. India is also expected to be a lucrative market for the manufacturers supported by the rising preference for sustainable and elegant furniture. Ikea has made India its global sourcing hub for bamboo products with an aim to expand its product portfolio.
Bamboo stools accounted for the highest market share of about 43.5% in 2023. Rising usage of bamboo furniture for both indoor and outdoor purposes is anticipated to drive the segment growth. Increasing demand from outdoor restaurants, cafes, and bars is projected to further fuel the product demand in near future. Foter offers a wide range of bamboo bar stools for both residential and commercial purposes in various designs.
The global bamboo furniture market is majorly driven by the residential application. Rising demand for elegant furniture to complement the living room and bedroom décor along with the rise in real estate constructions initiated by governments, especially in the urban areas is projected to drive the segment growth.
Asia Pacific accounted for the largest market share of about 61.3% in 2023. It is also expected to expand at the fastest CAGR of 7.5% from 2024 to 2030. Majority of the growth is driven by China and other Far East countries. Improving living standards in China are resulting in higher investments in home décor and furnishings, which in turn is anticipated to fuel the market.
Bamboo Furniture Market Report Highlights
- Asia Pacific is estimated to be the fastest market accounting for a share of more than 63.94% by 2030, driven majorly by the high demand from China and India
- In terms of revenue, residential application accounts for a market share of more than 74.3% in 2023. The segment is expected to continue leading over the forecast period
- The bamboo furniture market in Europe is expected to grow at a CAGR of 6.4% over the projected years
The leading players in the Bamboo Furniture market include:
- Greenington.
- Zhenghe Ruichang Industrial Art Co., Ltd
- MOSO Bamboo
- Tine K Home A/S
- Haiku Designs
- Zoco Home
- BAMBOO VILLAGE COMPANY Ltd.
- Lene Bjerre Design INT
- IKEA Systems B. V.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Bamboo Furniture Market Variables, Trends, & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. Bamboo Furniture Market: Type Estimates & Trend Analysis
Chapter 6. Bamboo Furniture Market: End Use Estimates & Trend Analysis
Chapter 7. Bamboo Furniture Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
Companies Mentioned
The leading players in the Bamboo Furniture market include:- Greenington.
- Zhenghe Ruichang Industrial Art Co., Ltd
- MOSO Bamboo
- Tine K Home A/S
- Haiku Designs
- Zoco Home
- BAMBOO VILLAGE COMPANY Ltd.
- Lene Bjerre Design INT
- IKEA Systems B. V.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 11.5 Billion |
| Forecasted Market Value ( USD | $ 18.2 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
