Maximize Market Research’s latest report, ” Global Bamboo Furniture Market Global Demand Analysis and Opportunity Outlook 2027″, offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Bamboo Furniture Market is anticipated to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of 5.3% during a forecast period.
Global Bamboo Furniture Market Overview
The increase in construction activities globally is expected to fuel the global bamboo furniture market. The construction volumes are expected to grow up to as much as 85%, which translates to a market worth of USD 15.5 trillion during the forecast period. The countries like India, China, and United States are anticipated to hold 58% of the market share as these countries are the largest market for bamboo growers. Bamboo, which is widespread in tropical and subtropical climates, is the most significant and lucrative non-wood forest product in India and China. Asia is the wealthiest continent, accounting for around 65 percent of total global bamboo resources. This in turn is expected to contribute to the growth of the market during the forecast period.
The growing awareness regarding global warming and the environment is surging the demand of the bamboo furniture market globally. As Bamboo is good at absorbing carbon dioxide, 40% more efficient than other alternatives and as a tree, it releases 36 % more oxygen. It decreases the atmospheric concentration of carbon dioxide, which is the main reason for global warming. This makes people switch to green alternatives like bamboo material as it fits well for furniture and decorative items. Furthermore, it is artistically attractive, as sustainable living becomes an increasingly important element of millennial lifestyles. These factors are expected to drive the growth of the bamboo furniture market during the forecast period.
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Global Bamboo Furniture Market Major Market Players
• Jiangxi Feiyu Bamboo Industry Group Co. Ltd
• Moso International B.V.
• Hadicomex VietHa Jsc
• Ole Bamboo
• Tanyee Company Ltd
• Shenzhen Vincent Handicraft Co., Limited
• CBG Bamboo
• Greenington LLC
• Utsav Handicraft
• Luit Nirman
• S. Senniah Gowder
• Zhejiang Tianzhen Bamboo & Wood Development Co., Ltd
• Gek Guan Enterprise Sdn Bhd
• Reforest Design
• July Bambu Co. Ltd
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world’s largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Bamboo Furniture Market by Types and Applications:
The report has covered the market size by country (regions) for the global Bamboo Furniture market. Segment by Application. The Bamboo Furniture Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Bamboo Furniture Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Bamboo Furniture Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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