Bamboo Furniture Market Size is expected to reach USD 14.38 billion by 2019 - 2025
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<strong>Bamboo</strong> <strong>Furniture</strong> <strong>Market</strong> <strong>Size</strong> <strong>is</strong> <strong>expected</strong> <strong>to</strong><br />
<strong>reach</strong> <strong>USD</strong> <strong>14.38</strong> <strong>billion</strong> <strong>by</strong> <strong>2019</strong> - <strong>2025</strong><br />
“<strong>Bamboo</strong> <strong>Furniture</strong> <strong>Market</strong> <strong>Size</strong>, Share & Trends<br />
Analys<strong>is</strong> Report By Type (Chairs & Tables, S<strong>to</strong>ols,<br />
Beds), By End User (Residential, Commercial), By<br />
Region, And Segment Forecasts, <strong>2019</strong> - <strong>2025</strong>.”<br />
The global bamboo furniture market size <strong>is</strong> <strong>expected</strong> <strong>to</strong> <strong>reach</strong> <strong>USD</strong> <strong>14.38</strong> <strong>billion</strong> <strong>by</strong> <strong>2025</strong>,<br />
according <strong>to</strong> a new report <strong>by</strong> Grand View Research, Inc. It <strong>is</strong> anticipated <strong>to</strong> expand at a CAGR of<br />
5.2% during the forecast period. The growth <strong>is</strong> primarily attributed <strong>to</strong> r<strong>is</strong>ing investments in<br />
infrastructure developments and use of sustainable raw materials for furniture. <strong>Bamboo</strong> <strong>is</strong> also<br />
gaining an increasing traction in terms of application in the commercial sec<strong>to</strong>r such as hotels, offices<br />
and recreational areas. Companies focus on crafting environmentally friendly products using<br />
bamboo as the major raw material. Th<strong>is</strong> fac<strong>to</strong>r <strong>is</strong> anticipated <strong>to</strong> drive the market in near future. Asia<br />
Pacific <strong>is</strong> a one of the major markets, with China and other Far East countries as the major hubs.<br />
India <strong>is</strong> also <strong>expected</strong> <strong>to</strong> be a lucrative market for the manufacturers supported <strong>by</strong> the r<strong>is</strong>ing<br />
preference for sustainable and elegant furniture. Ikea has made India its global sourcing hub for<br />
bamboo products with an aim <strong>to</strong> expand its product portfolio.<br />
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<strong>Bamboo</strong> s<strong>to</strong>ols accounted for the highest market share of about 44% in 2018. R<strong>is</strong>ing usage of<br />
bamboo furniture for both indoor and outdoor purposes <strong>is</strong> anticipated <strong>to</strong> drive the segment growth.<br />
Increasing demand from outdoor restaurants, cafes, and bars <strong>is</strong> projected <strong>to</strong> further fuel the<br />
product demand in near future. Foter offers a wide range of bamboo bar s<strong>to</strong>ols for both residential<br />
and commercial purposes in various designs.<br />
Browse Full Research Report at: https://www.radiantinsights.com/research/bamboofurniture-market<br />
The global bamboo furniture market <strong>is</strong> majorly driven <strong>by</strong> the residential application. R<strong>is</strong>ing demand<br />
for elegant furniture <strong>to</strong> complement the living room and bedroom decor along with the r<strong>is</strong>e in real<br />
estate constructions initiated <strong>by</strong> governments, especially in the urban areas <strong>is</strong> projected <strong>to</strong> drive the<br />
segment growth. Asia Pacific accounted for the largest market share of about 59% in 2018. It <strong>is</strong><br />
also <strong>expected</strong> <strong>to</strong> expand at the fastest CAGR of 5.8% from <strong>2019</strong> <strong>to</strong> <strong>2025</strong>. Majority of the growth <strong>is</strong><br />
driven <strong>by</strong> China and other Far East countries. Improving living standards in China are resulting in<br />
higher investments in home decor and furn<strong>is</strong>hings, which in turn <strong>is</strong> anticipated <strong>to</strong> fuel the market.<br />
Further key findings from the report suggest:<br />
<br />
<br />
<br />
APAC <strong>is</strong> estimated <strong>to</strong> be the fastest market accounting for a share of more than 55% <strong>by</strong><br />
<strong>2025</strong>, driven majorly <strong>by</strong> the high demand from China and India<br />
In terms of revenue, residential application accounts for a market share of more than 70% in<br />
2018. The segment <strong>is</strong> <strong>expected</strong> <strong>to</strong> continue leading over the forecast period<br />
Some of the major players operating in the global bamboo furniture market include Jiangxi<br />
Feiyu Industry Co. Ltd., Moso International B.V, Hadicomex VietHa Jsc, Ole <strong>Bamboo</strong>, Tanyee<br />
company Ltd., Shenzhen Vincent Handicraft Co., Limited, CBG <strong>Bamboo</strong>, and Greening<strong>to</strong>n LLC<br />
See More Reports of Th<strong>is</strong> Category <strong>by</strong> Radiant Insights at:<br />
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