Wooden Furniture Market

Wooden Furniture Market Size

The global wooden furniture market size was valued at USD 592.9 million in 2024 and is estimated to register a CAGR of 5.4% between 2025 and 2034. One of the key factors contributing towards the market is the ever-increasing adoption of environmentally safe and sustainable furniture. People are shifting towards the consumption of wooden furniture as it is cheaper in the long run and is durable, visually pleasing, and is good for the environment. Moreover, the European Union's Forest Strategy is an example of governmental support towards sustainable forestry which further accelerates the use of sustainability verified wood in furniture production.

The market is seeing improved development as urbanization and increased disposable income in developing markets are on the rise. The data given by the United Nations shows that 55% of the world’s population currently lives in urbanized areas with a projection of 68% by 2050. With increased standards of living, there is greater migration to urban areas which creates higher standards for wooden furniture and other stylish and multifunctional furniture. Also, the government housing schemes such as India's Pradhan Mantri Awas Yojana has also increased needs for remodeling and renovation of homes. The combination of all these factors is driving the demand for wooden furniture across the globe.

Wooden Furniture Market Trends

• The market is also witnessing changes due to the incorporation of advanced production techniques like Computer Numerical Control (CNC) machining and 3D printing machining are enabling more intricate and customized design
  
• Globally governments are imposing more restrictions on clear cutting of trees and encouraging the use of certified wood instead. For example, the Lacey Act in the US makes it unlawful to trade or sell wood that is deemed to be sourced illegally, and this pushes manufacturers into more sustainable production.
  
• Customers are looking for customized wooden furniture that meets their specific needs and requirements. An American Home Furnishings Alliance (AHFA) report indicates that 40% of consumers in the U.S. prefer in tech integration in furniture which has enhanced creativity in the market.
  
• The emergence of online furniture selling websites is changing the dynamics of the industry. As per the data available on Statista, furniture and homeware e-commerce in the U.S. generated approximately USD 120 billion in 2023.
  

Wooden Furniture Market Analysis:

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Based on product type, the market can be segmented into indoor furniture and outdoor furniture. In 2024, the indoor furniture product type segment accounted for revenue of around USD 451.4 million in the year 2024 and expected to reach around USD 772 million by 2034.

• The segment of indoor furniture is the largest within the market, due to the growing desire for attractive and useful furnishings for living rooms, bedrooms, and dining rooms. As reported by Woodconsumption, 25% of office furniture is made using wood.
  
• Moreover, there is a rise in the buying of locally crafted furniture pieces, which is more sustainable. Also, increased use of modern technology in woodwork like laser cuts and elaborate sculpted woodwork has raised the focus on the segment's aesthetic design, resulting in industry growth.
  

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Based on wood type, the wooden furniture market is categorized into hardwood and softwood. In 2024, hardwood type segment held a share of 61.9% in the year 2024 and is expected to reach USD 643.3 million by 2034.

• Strength and durability coupled with aesthetic appeal is driving the growth of the hardwood segment. Oak, teak and mahogany are the most commonly used hardwoods for making furniture.
• According to the ITTO, exports of hardwood furniture increased by 8% in 2023 due to the rising North America and Europe demand.
  
• Policies of the government for encouraging sustainable sourcing of hardwood like the European Union Timber Regulation has had a favorable effect on this segment.
  
• Furthermore, the growing acceptance toward high-end, durable furniture is also supporting the expansion of the hardwood segment. The timeless beauty and ability of hardwood furniture to maintain value makes consumers willing to invest in it at a higher cost.
  

Based on application, the wooden furniture market is categorized into residential and commercial. In 2024, residential segment dominated the market and is expected to maintain its position throughout the forecast period.

• Government’s efforts such as the Pradhan Mantri Awas Yojana are creating a positive impact on the interiors and furniture industry, including the market because of the increasing demand for housing. An allowance of 3 million new homes under the scheme for the 2024-2025 Union Budget is likely to create an increased demand for high-quality, attractive furniture which is expected to further help the market. This will strengthen the market for wooden furniture. The growth in the residential sector will increase the need for quality wooden furniture and thus strengthen the overall market.
  
• The residential segment in the markets is increasing due to increase in urbanization, more disposable income, and an increasing trend of homeownership. Consumers are prioritizing interior design and aesthetics leading to greater demand for high quality durable wooden furniture. Other factors such as home renovations and demand for sustainable eco-friendly materials also aids in the growth of the market. With these factors in place, the market is bound to increase in the residential segment.
  

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U.S. dominated the wooden furniture market with revenue of around USD 94.5 million in the year 2024 and expected to reach around USD 153.1 million by 2034.

• The market in the U.S. is mainly driven by increased consumer expenditure on home and furniture renovation. According to Woodconsumption, The United States spends over USD 6 billion on imported wooden furniture for the house (over 60% of wooden furniture is for the household).
  
• China is one of the prominent countries in the Asia Pacific region. China leads the world in the manufacturing and selling of wooden furniture globally. Exports of wooden furniture surged due to government furniture industry subsidies, with an increase of 12% in 2023 as reported by the China National Furniture Association.
  
• Germany remains one of the largest markets in Europe and continues to promote eco-friendly business practices, allowing for the seamless transition to a more sustainable and quality production of wooden furniture. According to the German Furniture Industry Association, sales of wooden furniture increased by 7% in 2022 compared to 2021. The increase can also be due to the growing number of eco-friendly consumers.
  
• In Saudi Arabia supportive government policies related to housing-like Vision 2030 that improves construction, there is an expansion of population spending driven by urbanization and population growth. A report from Saudi Furniture Market indicates a significant increase in consumer demand for wooden furniture by 10% in 2023.
  

Wooden Furniture Market Share

• The market is consolidated with top 5 players including Casa International, Herman Miller, Laufer Group, La-Z-Boy, and Natuzzi held a share of about 8-12% in 2024
  
• Casa International Limited: Casa International makes premium wooden furniture where the company possesses vigorous design skills and has a strong global distribution network which helps them remain competitive.
  
• Herman Miller Inc.: Herman Miller concentrates on sustaining and developing individual and corporate clients through modern and comfortable furniture for living and working spaces.
  
• Laufer Group International Ltd: Laufer Group works with wooden furniture manufacturers and provides competitive edge through effective logistics for supply chain cost reduction.
  
• La-Z-Boy Incorporated: La-Z-Boy focuses on midrange furniture markets for customizable long lasting wood furniture available through retail stores.
  
• Natuzzi S.p.A: Natuzzi combines exclusive wooden furniture with Italian fashion and luxury to help high-end consumers sustain their lavish lifestyles and appeal to the general audience.
  

Wooden Furniture Market Companies

Major companies operating in the wooden furniture industry include:

• Bassett Furniture Industries Inc.
• Casa International Limited
• Ethan Allen Interiors Inc.
• Godrej & Boyce Manufacturing Company Limited
• Herman Miller, Inc.
• Hooker Furniture Corporation
• Hülsta-Werke Hüls GmbH & Co. KG
• Laufer Group International Ltd
• La-Z-Boy Incorporated
• Natuzzi S.p.A.
  

Businesses within the wooden furniture sector are adopting new sustainable practices to enhance customer satisfaction. Among these are the use of certified timber, reduction of waste, and biodegradable paints and coatings. In FY24, 97% of the total wood utilized by IKEA was either FSC certified or recycled.

Companies are using online marketing techniques, as well as virtual showrooms and AR for better engagement. For example, Williams-Sonoma uses AR technology to allow clients to visualize their furniture within their homes prior to purchase. In 2023, Herman Miller introduced a new collection of ergonomic wooden home-office furniture. This product line is designed to improve the growing trend of remote working in a sustainable manner.

Wooden Furniture Industry News

• In January 2025, Hooker Furnishings is set to launch two new showrooms for its Pulaski, Samuel Lawrence Drew & Jonathan Home and PRI brands during the Las Vegas Market. These showrooms reinforce the company’s diversification strategy in terms of its customers and partners’ market.
  
• In March 2024, Godrej & Boyce is expected to put in a funding of USD 4.8 million in the next three years to increase spending on structures in tier-II and tier-III towns which they have already serviced. This investment is aimed at achieving more than double the company’s coverage to over 400 towns by FY 2027. The investment will include an additional expenditure of USD 1.2-1.8 million for each year for store periphery expansion and renovation implying a growth rate of 15-20% per annum on revenue.
  
• In April 2023, Godrej and Boyce launched i-Report, an app that seeks to better the safety standards in the material handling sector in India. The app provides incident reporting, auditing, training, and consultation as remote and real-time services. Therefore, it fills the gaps of the industry’s safety policies and standards and provides a 360-degree safety solution to clients and partners.
  
• In August 2022, Little Seeds a Dorel Home subsidiary furniture brand, has entered the Canadian market through Indigo.ca. With this announcement, Little Seeds intends to provide easier access to grow-with-me furniture to Canadians. Its catalog includes a wide selection of modern classic products, and other featured products include the multifunctional changing table Sierra Ridge Ashton and the Rowan Valley Forest Loft Bed which is ideal for entertaining guests.
  

The wooden furniture market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Million) and volume (Thousand Units) from 2021 to 2034, for the following segments:

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Market, By Product Type, 2021 – 2034

• Indoor furniture
• Outdoor furniture

Market, By Wood Type, 2021 – 2034

• Hardwood
• Softwood

Market, By Price, 2021 – 2034

• Low
• Medium
• High  

Market, By Application, 2021 – 2034

• Residential
  • Upholstered furniture
  • Non-upholstered furniture Kitchen
  • Bedroom
  • Kitchen cabinet
  • Dining room
  • Others
• Commercial
  • Business/office
  • Educational
  • Healthcare
  • Hospitality
  • Others   

Market, By Distribution Channel, 2021 – 2034

• Online
  • E-commerce sites
  • Company websites
• Offline
  • Specialty stores
  • Mega retail stores
  • Others (home décor etc.)

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA