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 the 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.
Apart from housing units, bamboo is also used in 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.
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 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.
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.
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.
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.
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 Attribute |
Details |
Market size value in 2020 |
USD 11.32 billion |
Revenue forecast in 2025 |
USD 14.39 billion |
Growth Rate |
CAGR of 5.2% from 2019 to 2025 |
Base year for estimation |
2018 |
Historical data |
2015 - 2017 |
Forecast period |
2019 - 2025 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2019 to 2025 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Type, end-user, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S.; U.K.; Germany; China; India |
Key companies profiled |
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 |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country; regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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
The U.S.
Europe
The U.K.
Germany
Asia Pacific
India
China
Central & South America
Middle East & Africa (MEA)
b. The global bamboo furniture market size was estimated at USD 10.75 billion in 2019 and is expected to reach USD 11.32 billion in 2020.
b. The global bamboo furniture market is expected to grow at a compound annual growth rate of 5.2% from 2019 to 2025 to reach USD 14.39 billion by 2025.
b. Asia Pacific dominated the bamboo furniture market with a share of 59.5% in 2019. This is attributable to improving living standards in the region and high consumer expenditure on home décor and furnishing.
b. Some key players operating in the bamboo furniture market 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.
b. Key factors that are driving the market growth include rising investments in infrastructure developments, coupled with growing awareness and demand for sustainable raw materials for furniture.
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The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution networks to online channels in order to cater to the surging consumer demand. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
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