Bamboo Furniture Market Size is expected to reach USD 14.38 billion by 2019 - 2025

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