According to the research report titled ‘Wooden Furniture Market Size By Application , Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, global wooden furniture market is anticipated to witness notable growth during 2020-2026.
 

Flourishing construction industry and increasing number of start-ups and small establishments are the major factors expected to drive the global wooden furniture market during the forecast period. Rising cognizance regarding the various advantages of wooden furniture such as versatility, high aesthetic appeal, easy maintenance, better durability, strength, long lasting nature and good value for money are also likely to contribute to the industry growth.
 

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It is to be noted that when the wooden furniture is correctly sourced and certified, it offers improved sustainability and is considered as the only renewable material used for construction.
 

Additionally, wood is available in several colors and tones, and provides various furniture options to the customers. Thus, these factors altogether are fueling the product demand in residential and commercial settings, thereby driving the global wooden furniture market outlook.
 

Based on application spectrum, global wooden furniture market is bifurcated into residential and commercial. Among these, the commercial segment is predicted to grow with a CAGR of 6.5% owing to flourishing number of small-establishments and start-ups, that have fueled the demand for wooden furniture.
 

Other properties of wood such as its ability to produce wide variety of pieces, low maintenance, durability and protection against rot and deterioration are expected to favor the market growth in commercial sector.
 

From a regional perspective, Middle East & Africa wooden furniture market is predicted to witness 5.5% growth rate over 2020-2026, with major contributors being Saudi Arabia, the UAE, and South Africa. Rising construction sector and increasing number of business setups are complementing the business outlook in Middle East & Africa.
 

Key players operating in global wooden furniture market are Avy Interior Limited Company, Doimo Salotti S.r.l., Casta Engineers Pvt. Ltd., Ashley Furniture Industries Inc., Bassett furniture Industries Inc., Bush industries Inc., ATP Automotive, Bernhardt Furniture Company, Dorel Industries Inc., Century Furniture, Häfele GmbH & Co KG, EuroStyle Kitchens & Interiors, hülsta-werke Hüls GmbH & Co. KG, Kinnarps AB, Meike International Household Products Co. Ltd., Natuzzi S.p.A, Ethan Allen Global Inc., Man Wah Holdings Limited, Hooker Furniture Corporation, Klaussner Home Furnishings, Hoang Moc Furniture Co., Ltd, La-Z-Boy, Inc., Kvist Industries A/S, Nitori Holdings Co. Ltd., Inter IKEA Systems B.V., Lifestyle Furniture Corp., Nobilia Experience Center, Nolte GmbH & Co. KGaA , Thu Anh Home Interior Co. Ltd., Nowy Styl sp. z o.o. , Samson Holding Ltd., The Home Depot Inc., Thinh Phu Import - Export Co. Ltd., Sunon Inc., Zhejiang Huafeng Furniture Co. Ltd., Steelcase Inc., Yihua Life Ltd., Sauder Woodworking Co., QuanU Furniture, Sophia Home Furnishing Co., Ltd, Herman Miller Inc., Okamura Corporation, HNI Corporation, and Haworth Inc.