August 2019
BWC19256

125
europe solid wood furniture market bwc19256
Market Overview
Solid wood refers to
lumber wood. It is a raw wood or milled directly from tree. Solid wood is known
for its Durability. Solid wood has natural grains which vary from piece to
piece, thus making each and every piece unique. Wood comes directly from
the source, treated for termite-resistance, seasoned and put to use to make
awesome furniture which lasts and just lasts with all its grace and
luster. Teak is a tropical hardwood species placed in the family
Lamiaceae. Teakwood is one of the hardest and most durable of all natural woods. Oak is a hardwood and a popular choice with furniture makers, especially
in Europe. This timber has been widely used and promoted across the continent. Walnut wood is extremely durable, making it ideal for furniture making.
It also reacts well with the technique of steam-bending, making this a perfect
wood to create dynamic, modern designs. There are two prominent types of Walnut wood; the European Walnut and the
American walnut. The European is lighter in color, whilst the American walnut
has a darker, richer tone.
Europe Solid Wood Furniture market size and forecast
Europe Solid Wood
Furniture Market is projected to grow with a CAGR of 1.42% during the forecast
period. Owing to rise in demand for luxury furniture, growth in real estate
industry, and increased in millennial population. In addition, the rising
popularity of modern-rustic interior design which embraces design elements from
opposite sides of the design spectrum to create a completely new style that is
unique and distinctive are other factors estimated to accelerate the growth of
the market in the upcoming years.
Growth Drivers
Escalation in
Demand for Luxury Furniture
Growing demand for
luxury furniture with increasing disposable income, globalization and shift of
major population to the urban areas are expected to propel the growth of solid
wood furniture market across Europe
Changing consumer
demographics
Income levels in
Europe have been scaling rapidly over the past decade and this inclination is
projected to continue. This has led to an increase in the number of the middle
class and affluent homes. All these factors
have had a positive influence on the wood furniture sector and are anticipated
to propel the demand for solid wood furniture in the future.
Restraints
Fluctuations in
pricing of raw materials
Fluctuations in raw
material prices and problems relating to the availability of products valuing
environmental, sustainability and technicalnorms and regulations are factors,
upstream in the value chain, which could negatively affect solid wood furniture
production.
Europe solid wood furniture market: Product type analysis
Based on type, market has been segmented into Oak Furniture, Teak Furniture, Walnut Furniture, Solid Timber Furniture and others. Solid timber furniture is projected to dominate the Europe solid wood furniture market owing to its higher tensile strength than other woods. Solid timber is tremendously strong and needs little maintenance. Oak wood furniture is anticipated to be the fastest growing product type. Perhaps Oak is one of the most extensively accessible woods, and is, thus, not too expensive.
Europe solid wood furniture market: Application Insights
Europe solid wood
furniture market based on application has been bifurcated into Household Use
and Commercial Use. Household segment is
expected to grow with a CAGR of 1.13% during, forecast period of 2019-2025
owing to high demand for exclusive home furniture coupled with increasing
spending ability of consumers on home decor products. The commercial segment growth is attributed to wide industrialization due
to escalating development of corporate offices and hotels in country. Also,
growing disposable incomes, development in real estate and hospitality
industries contributing towards demand of residential and commercial sector can
propel product demand in near future.
Europe solid wood furniture market: Country analysis
Geographically, Europe solid wood furniture market has been segmented into UK, Germany, Italy, France, Spain and Rest of Europe. Germany dominates the solid wood furniture market and is anticipated to grow with a CAGR 1.11% over forecast period 2019-2025. Owing to economic advancements, rising disposable income and growth of the real estate industry. Also, government initiatives to support other commercial and residential constructions, increasing tourism industry boosting hospitality sector, which is ultimately creating demand for luxury furniture.
The objective of
the Study:
·
To analyze and forecast the market size of the Europe solid wood
market, in terms of value.
·
To examine the careful market segmentation and forecast the market
size, in terms value, based on the region by segmenting the solid wood market
into countries, namely, UK, Germany, Italy, France, Spain and Rest of Europe
and the leading countries.
·
To outline, categorized and forecast the Europe solid wood market
based on the type and Application.
·
To examine competitive developments like technological
advancement, services, and regulative framework within the Europe solid wood
Market.
· To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
·
To strategically profile the key players and comprehensively
analyze their market shares along with detailing the competitive landscape for
market leaders
Scope of the
Report
By Product Type
·
Oak Furniture,
·
Teak Furniture
·
Walnut Furniture
·
Solid Timber Furniture
·
others
By Application
·
Household Use
·
Commercial Use
Europe solid wood furniture market competitive landscape
Companies such as Leggett & Platt
Incorporated, Misuraemme, Javorina, Kinnarps Holding Ab, Steelcase Inc.
Hartmann Möbelwerke Gmbh, S.C. Simex S.A and Dyrlund- Smith A/S are the key players in the
industries.
In addition, the
report provides an analysis of the Europe
solid wood furniture market with respect to the following geographic
segments:
·
United Kingdom
·
Germany
·
Italy
·
France
·
Spain
·
Rest of Europe
Business
Questions answer by the report
·
How will the market drivers, restraints and opportunities affect
the market dynamics?
·
What will be the market size in terms of value and volume and
market statistics with a detailed classification?
·
Which segment dominates the market or region and one will be the
fastest growing and why?
·
A comprehensive survey of the competitive landscape and the market
participant players
·
Analysis of strategy adopted by the key player and their impact on
other players.
Customization
Scope for the Client
Client satisfaction is our first and last
priority and that’s why BlueWeave Consulting offers customization according to
Company’s specific needs. The following customization options are available for
the report:
Additional
Company Information
· With five additional company detail analysi· Additional country analysis
·
Detailed segment analysis
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