The size of the worldwide dining table market was estimated at USD 7.81 billion in 2023 and is projected to grow to USD 8.22 billion in 2024. The market is anticipated to grow at a compound annual growth rate (CAGR) of 6.6% to reach USD 13.71 billion by 2032. Customizable minimalism designs are becoming more and more popular among households. Manufacturers have been selling furniture manufactured from sustainable resources including oak, teak, rosewood, recycled wood and plastic, and so on. The demand for the product is expected to be driven by the growing requirement for furnishings in infrastructure facilities. This data is provided by Fortune Business InsightsTM in their report "Dining Table Market, 2024-2032."
Top Key Players in the Dining Table Market:
- Steelcase Inc. (U.S.)
- MillerKnoll, Inc. (U.S.)
- Ashley Furniture Industries, Inc. (U.S.)
- GLOBAL FURNITURE USA (U.S.)
- KOKUYO Co., Ltd. (Japan)
- Ethan Allen Global, Inc. (U.S.)
- Godrej & Boyce Mfg. Co. Ltd. (India)
- B&B ITALIA SPA (Italy)
- Sunpan Trading & Importing, Inc. (Canada)
- CB2 (U.S.)
Browse Detail Summary for the Dining Table Market:
https://www.fortunebusinessinsights.com/dining-table-market-106138
Segmentation
Backed By Demand for Natural Furniture Items, Wood Is Set To Lead The Segment
The market is divided into many segments based on material, such as wood, metal, and plastic. The demand for furniture with natural wooden colors and tones of gray, white, or brown is expected to drive the wood segment.
Backed By Easy Accessibility, Rectangular Segement Is Set To Lead The Market
The market is separated into round, square, rectangle, and oval table shapes. Because they are easily accessible, rectangular tables are expected to maintain a significant market share.
Owing To Increasing Focus On Interior Designing, Residential Segement Is Set To Lead The Market
The end-user claims that the market is divided into two segments: residential and commercial. Due to households' growing emphasis on cooking room decoration and interior design, the residential segment commands a significant portion of the market.
The market is examined regionally in North America, Europe, Asia Pacific, South America, and the Middle East and Africa..
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Preference For Dining Furniture Products Made From Sustainable Raw Materials To Drive Market Trajectory
The market for dining tables is expected to rise due to consumer preference for items made of reclaimed wood and plastic, oak, teak, rosewood, and other materials. Revenues for the new products are being driven by the growing demand for luxury furniture items with personalized designs.
However, the availability of fake dining furniture is hurting sales in several nations throughout the world, which is predicted to impede market expansion.
Regional Insights
Preference For Trending Furniture Items, Asia Pacific Is Poised To Lead The Market Share
In 2022, Asia Pacific is expected to hold the largest share of the worldwide dining table market, valued at USD 3.36 billion. Trendy furniture items such dining tables, chairs, mattresses, sofas, home textile products, etc. are preferred for events, which explains the dominance. China and India's growing wooden furniture consumption is expected to fuel regional expansion.
Modern extensible dining tables that are ideal for managing space in formal settings are becoming more and more popular in Europe.
Competitive Landscape
Market Players to Gain Competitive Edge by Offering New Designs
In order to grow their clientele globally, the major companies in the dining table industry have been introducing innovative designs. Steelcase, Inc. and the Frank Lloyd Wright Foundation partnered to introduce the Racine Collection, a line of desks, tables, and dining seats, in February 2023. Because they are composed of premium fabrics, components, and adjustments for improved comfort and usability, these products function well.
Key Industry Development
- June 2023: NaughtOne launched Morse Table System at NeoCon and Design, a U.S. furniture design show. These dining tables can be converted easily into work desks & teamwork benches.
Comments
0 comment