Global Industry Growth, Share, Segment Analysis, Current Trends, and Industry Overview Report Forecast to 2027 – The Current Manomet
Bamboo and rattan furniture is made from perennial flowering bamboo evergreen plants belonging to the Bambusoideae subfamily. Rattan and bamboo furniture are made from the technique known as wicker in which soft plant materials are woven to make products. Nowadays, bamboo is used in almost all kinds of furniture, such as benches, wardrobes, beds, stools, shoe racks, tables, sofas, book shelves, sofas and armchairs. reclining. Bamboo’s high availability, strength, abundant supply, firmness, and rapid maturity have made it a very popular choice for furniture making. It is used in the office, home, restaurants and shops to give aesthetic appeal to the room and give a simple and elegant feel. Rattan and bamboo furniture is natural in appearance while providing a very trendy, sleek and modern look to the entire decor. The longevity, low weight, ease of handling, ease of maintenance and environmental friendliness of this furniture add to its appeal.
Market Scope and Structure Analysis:
|Market size available for years||2020-2027|
|Reference year considered||2019|
|Forecast units||Value (US $)|
|Covered segments||Type, application, distribution channel and region|
|Regions covered||North America (United States, Canada and Mexico), Europe (Germany, United Kingdom, France, Italy, Spain and rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia and rest of Asia-Pacific), LAMEA (Middle East, Brazil and rest of LAMEA)|
|Covered companies||Luit Nirman, S. Senniah Gowder, caneocane.in,, jiangxi kang ti long bamboo industry co. Ltd, Greenington LLC, MOSO, Zhejiang Tianzhen Bamboo & Wood Development Co. Ltd., Gek Guan Enterprise Sdn Bhd, Reforest Design, July Bambu Co. Ltd., Utsav Handicraft|
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COVID-19 scenario analysis:
The COVID-19 outbreak has caused a decline in the growth of global industries, creating massive disruption for buyers as well as sellers. Markets and production units have been closed all over the world, which halted the production, sale and marketing of the product. It also gave companies the opportunity to look after their supply chain relationship and business models for the future.
Main impact factors: analysis of market scenarios, trends, drivers and impact analysis
The growing popularity of eco-friendly home decor items is increasing the demand for rattan and bamboo furniture. The growing awareness of the use of environmentally friendly and recyclable products has prompted consumers to purchase bamboo and rattan furniture. The increase in disposable income increases the purchasing power of people living in Asia-Pacific countries. People are spending more than before on luxury, comfort and lifestyle products. This change in consumer purchasing behavior and the increase in purchasing power are increasing the demand for cane and bamboo furniture products.
Global market trends for cane and bamboo furniture are as follows:
Mergers and acquisitions to thrive in the market
Large companies opt for mergers and acquisitions to gain a competitive advantage in the market. Merger and acquisition strategies help companies enter the market and increase the consumer base for its products. It also helps them to expand their production capacity and product line or range. For example, in February 2019, Century Furniture declared its acquisition of the Curate Home Collection company. The acquisition helps Century Furniture Company strengthen the market position of its products and brands in the home decor segment. Integrating the Curate home collection product lines into their portfolio allows the company to expand its product offering to serve better products.
Factors restraining the growth of the cane and bamboo furniture market include
- Rattan and bamboo furniture cannot be combined with wooden furniture.
- It cannot be left outside in galleries or gardens during the rainy season.
- Bamboo furniture is easily damaged and can crack easily when putting heavy objects in it.
- Rattan and bamboo furniture are easily prone to pests and insects.
- Rattan and bamboo furniture are available in limited shades and colors because the surface of bamboo furniture is too smooth to hold paint.
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Key segments covered:
Main advantages of the report:
- This study presents the analytical description of the global Cane and Bamboo Furniture industry along with current trends and future estimates to determine impending investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Cane and Bamboo Furniture market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario of the Global Cane and Bamboo Furniture Market.
- Porter’s Five Forces Analysis illustrates the power of buyers and suppliers in the marketplace.
- The report provides a detailed analysis of the global cane and bamboo furniture market based on the intensity of competition and how the competition will shape in the coming years.
Questions Answered in the Rattan and Bamboo Furniture Market Research Report:
- Who are the major market players active in the rattan and bamboo furniture market?
- What are the current trends that will influence the market in the coming years?
- What are the driving factors, constraints and opportunities in the market?
- What future projections would help to take new strategic actions?
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