Key Suppliers of Sustainable Furniture Market, Key Segment, Key

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Sustainable furniture market

The durable furniture market is expected to grow at a significant rate by 2030, growing at a considerable CAGR of 11.2% over the forecast period 2022-2030.

The growing importance of durable and repairable furniture with less chance of ending up in a landfill has developed a greater application of green furniture in the residential and commercial sectors.

The growing adoption of green building projects across the world has opened up the demand for sustainable interior products including eco-friendly furniture.

Furthermore, the rising importance of sustainable furniture manufacturing to create a pollutant-free environment has also boosted the market growth over the forecast period.

Key market trends:

Each market has its growth determinants and challenges. One of the major factors fueling the growth of the market over the forecast period is the growing influx of millennials and Gen Z consumers who purchase eco-friendly furniture.

Also, increasing adoption of sustainable materials in furniture production to protect the environment is driving the market over the forecast period.

Growing initiatives that include eco-friendly housing projects in all countries have expanded the reach of eco-friendly furniture among consumers during the forecast period.

Additionally, increased health risks caused by traditional furniture that releases harmful pollutants such as volatile organic compounds (VOCs) and causes allergies, migraines and asthma have spurred demand for eco-friendly interiors. environment, which in turn has increased the preference for eco. -environmentally friendly furniture made with a minimum amount of chemicals.

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Segmented analysis of the market:

Based on demand
• Residential
• Commercial
The residential segment led the market growth over the forecast period. Indeed, growing consumer awareness of sustainable production of furniture products has largely influenced the adoption of eco-friendly furniture in residential spaces. The consumer trend to avoid single-use plastic is also driving the consumption of sustainable furniture for home decor.

Based on distribution channel
• Offline
• On line
The offline segment led the market growth over the forecast period. this is due to specialty stores which are expected to dominate the offline distribution channel segment due to a wide variety of home furnishing stores available across all regions. The increased demand for home furniture from the real estate sector has attracted the demand for flexible and durable furniture.

North America is expected to expand at a considerable CAGR

The global durable furniture market is segmented into 4 major regions, namely North America, Europe, Asia-Pacific, Middle East and Africa. Among these, North America is expected to dominate the regional segment during the forecast period. Indeed, the growing awareness of the impact of the choices made by consumers on the environment is gradually evolving towards a growing demand for sustainable furniture in the region. The rapid growth of the green home industry in the United States is paving the way for other sustainable and environmentally friendly fittings.

Competitive Landscape:

Some of the major companies operating in the market are Vermont Woods Studios; Cisco Bros. Corp. ; Manchester Woodcraft; Greenington; Lee Industries, Inc.; Williams-Sonoma Inc.; La-Z-Boy Inc.; Jiangxi Feiyu Bamboo Industry Group Co.Ltd. ; Moso International BV; and Shenzhen Vincent Handicraft Co., Limited.

Main questions answered by this report:

• What is the growth rate of the global sustainable furniture market?
• What are the main determinants of market growth?
• What are the major regions that make up the geographic landscape of the market?
• What are the main companies operating in the market?

Key takeaways from the report:

• The global durable furniture market is expected to grow at a considerable CAGR during the forecast period.
• Growing influx of Millennials and Gen Z consumers purchasing eco-friendly furniture is driving the market progress.
• The offline segment is poised to grow significantly over the forecast period.
• North America dominated the regional market sphere during the forecast period.

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This press release was published on openPR.

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