Ranchi News Desk

Eco-friendly Furniture Market Size, Global Industry Overview, Share, Trends, Growth Factors, Opportunities and Industry Segments Poised for Rapid Growth by 2027 | Grand View Research, Inc.

 Breaking News
  • No posts were found

Eco-friendly Furniture Market Size, Global Industry Overview, Share, Trends, Growth Factors, Opportunities and Industry Segments Poised for Rapid Growth by 2027 | Grand View Research, Inc.

December 09
03:32 2021
Eco-friendly Furniture Market Size, Global Industry Overview, Share, Trends, Growth Factors, Opportunities and Industry Segments Poised for Rapid Growth by 2027 | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the growing initiatives such as environmentally friendly housing projects across nations have widened the scope for eco-friendly furniture among consumers. Furthermore, increasing influx of millennial and generation Z consumers purchasing eco-friendly furniture is likely to drive the market in the forecast period.

The global eco-friendly furniture market size is anticipated to reach USD 59.8 billion by 2027, expanding at a CAGR of 6.8%, according to a new report by Grand View Research, Inc. Growing adoption of green building projects across the globe is paving the demand for sustainable interior products including eco-friendly furniture. In addition, increasing prominence of sustainable manufacturing of furniture in order to create a pollutant-free environment is expected to drive the market over the forecast period.

Increasing prominence for durable and fixable furniture with less chances of ending up in a landfill has developed greater application of green furnishings across residential as well as commercial sectors. According to EPA, 8.5 million tons of office furniture is dumped into landfills each year. Therefore, growing focus towards office design, which highly impacts employee productivity, physical and mental well-being, and employee retention are widening the scope for application of eco-friendly furniture in the commercial sector. In addition, rising prevalence of the zero waste and zero commission waves is boosting further adoption of sustainable fittings in the home design industry.

Moreover, interior trade fairs in Asian countries such as China and India are resulting in rising demand for luxury modern furniture. A combination of materials categorized as luxury such as Shagreen and treated glass with minimal metallic accents which is produced from brass and brushed gold are gaining traction in the market. In addition, growing initiatives towards green building projects are seen uprising across nations. This, in turn, is expected to fuel the market. According to SmartMarket Report by Dodge Analytics in 2018, 9% respondents in Mainland China are involved in green projects. This scenario is likely to boost adoption of eco-friendly fittings across industries.

In terms of application, the residential sector held a dominant position in the market in 2019. Consumer inclination to move away from single-use plastic is driving the market. In addition, increasing availability of sustainable furniture in various trade fairs has positively impacted the market.

The offline distribution channel segment is anticipated to dominate the eco-friendly furniture market over the forecast period. Assortment of eco-labelled and certified furnishings in the store also helps consumers to compare eco-friendly furniture to traditional furniture, in terms of appeal. For instance, CRATE and BARREL provides FSC certified, reclaimed, and sustainable pieces of furniture produced with high-end designs.

North America is anticipated to dominate the market over the forecast period. Rapid growth in the green homes industry in U.S. is driving demand for green furnishing materials. According to National Association of Home Builders, green residential construction activities with respect to single-family have incurred growth of 2% in 2005 to 23% in 2013. Therefore, consumers are preferring green houses, thereby driving the demand for green furnishing.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/eco-friendly-furniture-market

Eco-friendly Furniture Market Report Highlights

  • The residential application segment is expected to reach USD 36.6 billion by 2027, growing at a CAGR of 6.7% from 2020 to 2027
  • The online distribution channel segment was valued at USD 11.2 billion in 2019 and is expected to reach USD 19.4 billion by 2027
  • Asia Pacific is expected to witness a revenue based CAGR of 7.4% from 2020 to 2027
  • Key players operating in the eco-friendly furniture market are Vermont Woods Studios; Cisco Bros. Corp.; Manchester Woodcraft; Greenington; Lee Industries, Inc.; Williams-Sonoma Inc.; La-Z-Boy Inc.; Jiangxi Feiyu Bamboo Industry Group Co. Ltd.; Moso International B.V.; and Shenzhen Vincent Handicraft Co., Limited.

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/eco-friendly-furniture-market/request/rs1

Eco-friendly Furniture Market Segmentation

Grand View Research has segmented the global eco-friendly furniture market by application, distribution channel, and region:

Eco-friendly Furniture Application Outlook (Revenue, USD Billion, 2016 – 2027)

  • Residential
  • Commercial

Eco-friendly Furniture Distribution Channel Outlook (Revenue, USD Billion, 2016 – 2027)

  • Offline
  • Online

Eco-friendly Furniture Regional Outlook (Revenue, USD Billion, 2016 – 2027)

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • U.K.
  • Asia Pacific
    • China
    • Japan
  • Central & South America
  • Middle East & Africa

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/7150/ibb

 

About Grand View Research

 

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.

Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/eco-friendly-furniture-market

Related Articles