News

The global Eco-friendly Furniture market size is expected to be worth around US$ 59.7 billion by 2027, according to a new report by Vision Research Reports.

The global Eco-friendly Furniture market size was valued at US$ 35.1 billion in 2019 and is anticipated to grow at a CAGR of 6.7% during forecast period 2020 to 2027.

Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/35787

Growth Factors

Growing adoption of green building projects across the globe is paving the demand for sustainable interior products including eco-friendly furniture. In addition, increasing prominence of sustainable manufacturing of furniture in order to create a pollutant-free environment is expected to drive the market over the forecast period.

Increasing prominence for durable and fixable furniture with less chances of ending up in a landfill has developed greater application of green furnishings across residential as well as commercial sectors. According to EPA, 8.5 million tons of office furniture is dumped into landfills each year.

growing initiatives such as environmentally friendly housing projects across nations have widened the scope for eco-friendly furniture among consumers. Furthermore, increasing influx of millennial and generation Z consumers purchasing eco-friendly furniture is likely to drive the market in the forecast period.

Report Highlights

• The residential application dominated the eco-friendly furniture market, accounting for more than 61.6% of the global market share in 2019.
• The commercial application segment is expected to witness growth in the market with a revenue based CAGR of 7.0% from 2020 to 2027.
• The offline segment accounted for more than 68.2% share of the global market in 2019. Specialty stores are anticipated to dominate the offline distribution channel segment due to a large variety of home furnishing stores available across regions.
• Online distribution channel is expected to witness a CAGR of 7.0% from 2020 to 2027. Surge in online purchases as a result of greater prominence of convenient shopping is driving the growth of the segment.
• North America dominated the global market, accounting for a share of 36.0% in 2019. Increasing consciousness regarding the impact of the choices made by consumers on the environment is steadily moving towards rising demand for sustainable furniture in the region.
• Asia Pacific is expected to witness a revenue based CAGR of 7.3% from 2020 to 2027. Increasing infrastructural activities in developing countries such as China and India has propelled the hospitality sector particularly hotels and resorts.

Key Players

Key players operating in the market are Vermont Woods Studios; Cisco Bros. Corp.; Manchester Woodcraft; Greenington; Lee Industries, Inc.; Williams-Sonoma Inc.; La-Z-Boy Inc.; Jiangxi Feiyu Bamboo Industry Group Co. Ltd.; Moso International B.V.; and Shenzhen Vincent Handicraft Co., Limited.

Market Segmentation

• Application Outlook
  • Residential
  • Commercial
• Distribution Channel Outlook
  • Offline
  • Online
• Regional Outlook
  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • U.K.
  • Asia Pacific
    • Japan
    • China
  • Central & South America
  • Middle East & Africa

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/35787 or call: +1 9197 992 333