Wooden furniture projected to surge in the markets

The market size of wooden furniture was estimated at approximately $569.9bn in 2023, with an anticipated CAGR of 5% in the next decade. The causes behind this impressive market surge are increases in urbanisation and real-estate development.

As urbanisation progresses at a rapid pace and demand grows for real estate development, there is ever higher demand for furniture in these newly constructed properties, be they living, business or recreational spaces. The growth of disposable income among significant layers in society, combined with the rising awareness of the health benefits of wood-rich environment in your living spaces and places of business will likely lead towards people investing in wooden furniture, as a high-quality, aesthetically pleasing and widely beneficial furnishing option.

The demand for wooden furniture is also driven by a notable trend among the consumers, of wanting to support eco-friendly producers. More and more consumers are prioritising sustainability and environmental justice when making purchasing decisions. There is an particularly notable rise in popularity of recycled and responsibly sourced wood.

The versatility of wood allows wooden furniture manufacturers to combine sophistication, function and sustainability with relative ease, compared with other resources. Indeed, wood is quite unmatched in this respect! With wood, consumers are able to customise their space, express their own unique style and creativity, freeing themselves from the mundane by overcoming conventional forms and designs with custom and bespoke layouts.

As the latest trends in urbanisation priorities more compact units, there is a growing demand to compensate for the limits in space with mutlipurpose hardwood modern furniture. Maximal utilisation goes hand in hand with with high-end aesthetics and soothing materials in the effort to best adapt and ennoble compact quarters.

This surge in demand for wood provides an excellent opportunity for furniture suppliers to make considerable gains by turning their attention towards satisfying the growing needs of the wooden furniture markets. At Wood Plastix, our OEM production capacities are ready to meet the needs of any brand looking to capitalise on this exciting global market trend.