Bamboo Furniture Market Size, Share & Trends Report

Bamboo Furniture Market Size, Share & Trends Analysis Report By Type (Chairs & Tables, Stools, Beds), By End User (Residential, Commercial), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Jul, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-388-1
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 80

Industry Insights

The global bamboo furniture market size was valued at USD 10.09 billion in 2018 and is expected to expand at a CAGR of 5.2% from 2019 to 2025. The growth is primarily attributed to rising investments in infrastructure developments coupled with use of sustainable raw materials for furniture. Bamboo absorbs 40% more carbon dioxide and releases 35% more oxygen than trees thereby improves the air quality. Awareness regarding the advantages of using this material for sustainability is anticipated to drive the growth.

The market is majorly driven by the rise in residential application. Along with offering aesthetic appeal to interiors, bamboo is gaining significant acceptance as a wood substitute due to its mechanical strength, durability, and easy availability. Rising environmental awareness among wood processing companies is anticipated to drive the adoption of bamboos as a sustainable building material.

Asia Pacific bamboo furniture Market

Apart from housing units, bamboo is also used in the 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 driving demand for crochet and woven designed furniture thereby driving the bamboo furniture market growth.

Bamboo has been making a major comeback with a modern designs for woven wallpapers, flooring, furniture, and even bathroom accessories. The material is gaining high traction across residential and commercial sectors due to its sustainability and light weight, which makes it easier to move around. Some of the common types used in furniture are strips, artificial bamboo board, and laminated forms.

Type Insights

Bamboo stools accounted for the highest market share of about 44% in 2018, owing to rising application of the product for both outdoor and indoor purposes. Commercial buildings such as outdoor restaurants, cafes, and bars increasingly prefer bamboo bar stools to create a contemporary look. As a result, manufacturers invest in product innovation and R&D. For instance, Foter offers a wide range of bamboo bar stools for both residential and commercial purposes in various designs.

Other furniture such as chair and tables, cabinets, and dressers, among others are expected witness a significant growth in the forthcoming years. Rising awareness regarding the advantages of durable and sustainable material resistant to swelling and shrinking is driving the production of craft bamboo based interior décor articles. Moreover, manufacturers also emphasize on crafting innovative designs and features in all bamboo or composite materials to expand their product portfolio.

End User Insights

Residential segment accounted for the largest market share of more than 70% in 2018. The segment is expected to proliferate over the next few years due to growing demand for elegant furniture to complement the living room and bedroom décor. Rise in real estate constructions initiated by governments, especially in urban areas is poised to further fuel the growth.

Global bamboo furniture Market

Commercial segment is expected to witness a significant CAGR over the forecast period owing to the prominent use of bamboo furniture for décor. Expanding hospitality sector, growing number of eateries, and beach themed cafes, pubs, and other recreational areas are expected to further contribute to the demand.

Regional Insights

Asia Pacific held the largest market share of about 59% in 2018. It is also expected to expand at the fastest CAGR of 5.8% from 2019 to 2025. Majority of growth is driven by China and other Far East countries. Improving living standards in China are resulting in high investments in home décor and furnishings. Rising popularity of outdoor furniture such as beach beds, bamboo chairs, rattan chairs, and others is anticipated to bode well for the growth of the market in China. The country is a major producer of bamboo and it also registers significant demand for durable furniture. Both these factors are anticipated to drive the regional market growth in the forthcoming years.

Bamboo Furniture Market Share Insights

Some of the key market players include 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, and others. Both manufacturers and retailers focus on broadening their reach by partnering up with various international and local brands and expanding their raw material sourcing which in turn is expected to result in greater visibility of newer innovations and trends. For instance, IKEA, world’s largest furniture retailer, has planned to source the raw materials along with other sustainable wood types from India, to expand its bamboo product portfolio for its global operations.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America & MEA

Country scope

U.S., Germany, UK, China, India

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global bamboo furniture market report on the basis of type, end user, and region:

  • Type Outlook (Revenue, USD Million, 2015 - 2025)

    • Chairs & Tables

    • Stools

    • Beds

    • Others

  • End User Outlook (Revenue, USD Million, 2015 - 2025)

    • Residential

    • Commercial

  • Regional Outlook (Revenue, USD Million, 2015 - 2025)

    • North America

      • U.S.

    • Europe

      • U.K.

      • Germany

    • Asia Pacific

      • India

      • China

    • Central & South America

    • Middle East & Africa (MEA)

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