Natural Hardwood Products Market - Introduction

Natural hardwood products are mainly made from trees such as alder, balsa, beech, hickory, mahogany, maple, oak, teak, and walnut. These are high-quality products used in decking, flooring, cladding, siding, as furniture and structural lumber, in roofs and terraces, in yacht decking, and in musical instruments such as guitars and pianos. Natural hardwood products have more stability and durability with better appearance and performance. These products are an essential part of home decor.

Natural Hardwood Products Market – Competitive Landscape

Restoration Hardware

Founded in 1979, Restoration Hardware has its headquarters in Corte Madera, California, the U.S. The company has established itself in the superfluity lifestyle market, offering furniture, bathware, lighting, textiles, rugs (carpets and mats), décor, and outdoor products. The company’s popular brands include RH Modern, RH Interiors, RH Lighting, RH Outdoor, RH Rugs, and RH Baby & Child. The company manufactures several products for decor and sells them in Canada and the U.S.

Poliform

Incorporated in 1970, Poliform is based in Brianza, Italy. The company specializes in designing, manufacturing, and distributing luxury modern kitchens, wardrobes, beds, sofas, tables, and other furniture products. Poliform offers contemporary style furniture to professional design suppliers who sell products to the end-users. The company has presence in 70 countries across the world.

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Baker Furniture, Co.

Baker Furniture, Co. is based in Montana, the U.S., and has experience of over 100 years. The company is engaged in manufacturing and designing modern and traditional furniture, lighting, upholstery, and accessories. In 1986, Kohler Co., acquired Baker Furniture. Baker Furniture operates in over 20 locations globally.

Baird Brothers Fine Hardwoods

Incorporated in 1960, Baird Brothers Fine Hardwoods is based in Canfield, the U.S. The company offers fine quality hardwood products such as moldings (used for hardwood flooring as a material strip, made from solid milled wood for various shapes such as base moldings, T-molds, and quarter-round moldings), lumber (wood that has been cut into various lengths for buildings), plywood, handrails, flooring and paneling, mantels (beam or support), and doors.

Armstrong World Industries, Inc.

Incorporated in 1860, Armstrong World Industries, Inc. is based in   Lancaster, Pennsylvania, the U.S. The company is active in manufacturing ceilings, walls, and hardwood products for floors. Bruce, Hartco, Robbins, Premier, and Traffic Zone are core brands under which the company sells its hardwood flooring products. Armstrong World Industries has over 155 years of experience, operating in more than 20 locations across the world.

Major companies active in the global natural hardwood products market includes Mirage Hardwood Floors, Edra, Poliform, Baker, Braid Brothers Fine Hardwoods, Brabbu, Fendi Casa, Boca Do Lobo, Pure Wood, County Floors, Purewood Furniture, Restoration Hardware, and Armstrong World Industries. Prominent players in the furniture and wooden construction market are expected to take advantage of the rising demand for natural hardwood products in the coming years, as these products are known for their long-lasting allure. The players are continuously launching new designs and patterns of hardwood products with quality. As a result, the overall natural hardwood market is projected to surge.

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Natural Hardwood Products Market – Dynamics

Market Growth Due to High Density and Fire Resistance Attributes

During the forecast period, the natural hardwood products market is projected to see significant growth due to rising consumer spending on high-density furniture in terms of strength. Additionally, these products have more fire resistance as compared to softwood, and the attribute is expected to become one of the key growth drivers of the global natural hardwood products market. Moreover, availability of various colors, patterns, textures, and sizes, are anticipated to increase customer attraction in the coming years.

Natural Hardwood Products Market – Segmentation

The natural hardwood products market can be bifurcated on the basis of:

  • Type
  • Texture
  • Species
  • Gloss
  • Technologies
  • End-user
  • Distribution Channel
  • Region

Natural Hardwood Products Market Segmentation – By Type

Based on type, the natural hardwood products market can be divided into:

  • Sofa
  • Table
  • Wardrobe
  • Kitchen
  • Cabinet
  • Bed
  • Door
  • Others (windows, stools, public benches, armchairs, etc.)

Natural Hardwood Products Market Segmentation – By Texture

On the basis of texture, the natural hardwood products market can be fragmented into:

  • Smooth
  • Brushed
  • Cork Look
  • Distressed
  • Engraved
  • Others (hand scraped, wire brushed, open grain, etc.)

Natural Hardwood Products Market Segmentation – By Species

According to species, the natural hardwood products market can be bifurcated into:

  • African Mahogany
  • Brazilian Cherry
  • Hickory
  • Maple
  • Red Oak
  • Others (Sapele, Walnut, Ash, White Oak, etc.)

Natural Hardwood Products Market Segmentation – By Gloss

Based on gloss, the natural hardwood products market can be split into:

  • Matte
  • Semi-Gloss
  • Ultra matte

Natural Hardwood Products Market Segmentation – By Technologies

Based on technology, the natural hardwood products market can be classified into:

  • Classic
  • Engineered
  • Lock

Natural Hardwood Products Market Segmentation – By End-user

End-user segment of the natural hardwood products market can be divided into:

  • Individual
  • Commercial

Natural Hardwood Products Market Segmentation – By Distribution Channel

As per distribution channel, the natural hardwood products market can be segmented into:

  • Online
  • Offline
    • Large Format Stores (Hypermarkets, Supermarkets, and Departmental Stores)
    • Specialty Stores
    • Small Retail Stores

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

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  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

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3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

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