According to the research report titled, ‘Global Bamboo Furniture Market Size study, by Product Type (Chairs & Tables, Stools, Beds and Others), End-User (Residential and Commercial) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global bamboo furniture market was worth USD 11.17  billion in 2020 and is expected to register an annual growth rate of 5.2% during 2021-2027, thereby amassing USD 15.93 billion by the end of the analysis timeline.
 

Increase in value of furniture market worldwide and rising government support are aiding the expansion of global bamboo furniture market. Citing an instance, in May 2020, Indian Institute of Technology Guwahati, designed bamboo furniture to be used across primary health centers in rural villages of Assam.
 

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In addition, surging investments in infrastructure developments, introduction of innovative products, and rising adoption of environment friendly commodities are augmenting the industry outlook.
 

On the contrary, high maintenance requirements for these products in hot climatic conditions is likely to hamper the market remuneration scope in the ensuing years.
 

By product type, the marketplace is split into chairs & tables, beds, stools, and others, whereas bifurcation based on end user scope includes residential and commercial segments.
 

Regionally speaking, North America, Asia Pacific, Europe, and Latin America are considered to understand the dynamics of global bamboo furniture market.
 

Among these Asia Pacific presently captures a major share in the overall market and is slated to amass notable gains over 2021-2027, owing to increasing bamboo production and rise in the adoption of environment friendly furniture. Besides, rapid urbanization and escalating demand for elegant interiors are also adding momentum to the regional market development.
 

Reforest Design, Gek Guan Enterprise Sdn. Bhd, Zhejiang Tianzhen Bamboo & Wood Development Co., Ltd., Caneocane. in, S.Senniah Gowder, Luit Nirman, Utsav Handicraft, MOSO International BV, CBG Bamboo Garden Products Co., Ltd., and Greenington LLC are the leading players defining the competitive hierarchy of global bamboo furniture market.
 

The aforementioned companies are undertaking numerous effective strategies like mergers & acquisitions, R&D investments, partnerships, latest product launches, and collaboration deals to strengthen their footprint in the overall market and garner significant returns in the upcoming years.