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.
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.
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
· 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
· 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
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.5. Market Size Estimation
2.6. Assumption for the Study
2.7. Market Breakdown & Data Triangulation
3. Executive Summary
4. Europe Solid Wood Furniture Market - Industry Insights
4.1. Industry Impact and Forces
4.1.1. Growth Drivers
4.2. Competitor Analysis
4.2.1. Company Shares
4.3. Industry Value Chain Analysis
4.4. Porter Five Forces
4.5. Regulatory Framework
4.6. Technological Landscape
4.7. Strategic Outlook
5. Europe Solid Wood Furniture Market Overview
5.1. Market Size & Forecast
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Product Type
184.108.40.206. Oak Furniture
220.127.116.11. Teak Furniture
18.104.22.168. Walnut Furniture
22.214.171.124. Solid Timber Furniture
5.2.2. By Application
126.96.36.199. Household Use
188.8.131.52. Commercial Use
5.2.3. By countries
184.108.40.206. United Kingdom
220.127.116.11. Rest of Europe
6. Company Profiles
6.1. Leggett & Platt Incorporated
6.1.1. Company Overview
6.1.2. Financial Matrix
6.1.3. Key Product landscape
6.1.4. Key Personnel
6.1.5. Key Competitors
6.1.7. Contact Address
6.1.8. Strategic Outlook
6.3. Javorina, Kinnarps Holding Ab
6.4. Steelcase Inc.
6.5. Hartmann Möbelwerke Gmbh
6.6. S.C. Simex S.A
6.7. Dyrlund- Smith A/S
7. Strategic Recommendation
*Financial Details Not Be Captured in Case of Unlisted Companies
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable