Bamboo Furniture Market: Introduction
Bamboo furniture made from bamboo is among the hardest woods and, in addition, is also resistant to insects and moisture. This makes it an ideal material for outdoor furniture. Linseed oil or flaxseed oil are both used to keep bamboo furniture smooth and protected. An easy way to determine if the furniture is made of bamboo or rattan is to observe if any of the canes are bent or curved. Without any protective treatment, most bamboo species have an average natural durability of less than two years. Stored under cover, untreated bamboo may last 4-7 years. The other features that make bamboo an ideal material for furniture are strength & flexibility, eco-friendly properties, lightweight and portable, practical and comfortable, its easy maintenance etc.
Key Drivers of the Bamboo Furniture Market
A rise in construction volumes is set to fuel growth in the global bamboo furniture market as it is used in interior designing as well as to make furniture. The bamboo furniture market is seeing an upward growth trajectory due to rising awareness related to environment and global warming. This is making people switch to green alternatives and bamboo fits the bill for interior decoration items and furniture. Bamboo is good at absorbing carbon dioxide – 40% more efficient than other alternatives, and as a tree, it releases 36% more oxygen. Besides, it is aesthetically pleasing. Thus, as sustainable living becomes a major part of millennial lifestyles, the global bamboo furniture market would see a steady rise in its growth curve.
Laminated bamboo furniture creating opportunities in the bamboo furniture market
Huge variety of shapes can be formed for component parts, and a wide range of furniture produced from bamboo. Laminated bamboo furniture is a relatively new type of furniture similar to laminated wood furniture. Bamboo can be used to produce a wide range of laminated furniture such as chairs, sofas, bookshelves, cabinets, and tables. Laminated bamboo furniture does not retain the characteristic shape of the bamboo raw material from which it is produced and in this way offers more versatility to designers. These factors create new opportunities for the product in the market.
Damage caused by damp conditions a restraint for the bamboo furniture market
Damp conditions are the number one enemy of bamboo. During rainy season, bamboo furniture is not ideal for outdoor use. It needs to be protected with a good waterproof cover or a coat of outdoor sealer. Also, too much sogginess causes damage to the material and makes the wood soft. As a result, it becomes weak and often loses its shape. Such factors may hamper the growth of the bamboo furniture market.
Asia Pacific the dominant region
China, India, Myanmar, and Thailand are the world’s largest producers of bamboo. China and India are the largest markets for bamboo furniture largely attributed to an inclination toward home décor and furnishings. This in turn is a direct result of increasing disposable incomes, an obvious outcome of the economies in the region doing extremely well. These factors are imparting impetus to the expansion of the bamboo furniture market in the region.
Key Players Operating in the Global Market
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the bamboo furniture market are:
Bamboo Furniture Market: Research Scope
Bamboo Furniture Market, by Type
Bamboo Furniture Market, by Application
Bamboo Furniture Market, by Distribution Channel
Bamboo Furniture Market, by Region
The report on the bamboo furniture market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.