Bamboo Furniture Market Size, Share & Trends Analysis Report By Type (Chair & Tables, Stools, Beds), By End Use (Residential, Commercial), By Region (Europe, APAC, MEA), And Segment Forecasts, 2024 - 2030

Bamboo Furniture Market Size, Share & Trends Analysis Report By Type (Chair & Tables, Stools, Beds), By End Use (Residential, Commercial), By Region (Europe, APAC, MEA), And Segment Forecasts, 2024 - 2030

Bamboo Furniture Market Growth & Trends

The global bamboo furniture market size is expected to reach USD 18.2 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.9% from 2024 to 2030. The growth is primarily attributed to rising investments in infrastructure developments and use of sustainable raw materials for furniture.

Bamboo is also gaining an increasing traction in terms of application in the commercial sector such as hotels, offices and recreational areas. Companies focus on crafting environmentally friendly products using bamboo as the major raw material. This factor is anticipated to drive the market in near future.

Asia Pacific is a one of the major markets, with China and other Far East countries as the major hubs. India is also expected to be a lucrative market for the manufacturers supported by the rising preference for sustainable and elegant furniture. Ikea has made India its global sourcing hub for bamboo products with an aim to expand its product portfolio.

Bamboo stools accounted for the highest market share of about 43.5% in 2023. Rising usage of bamboo furniture for both indoor and outdoor purposes is anticipated to drive the segment growth. Increasing demand from outdoor restaurants, cafes, and bars is projected to further fuel the product demand in near future. Foter offers a wide range of bamboo bar stools for both residential and commercial purposes in various designs.

The global bamboo furniture market is majorly driven by the residential application. Rising demand for elegant furniture to complement the living room and bedroom décor along with the rise in real estate constructions initiated by governments, especially in the urban areas is projected to drive the segment growth.

Asia Pacific accounted for the largest market share of about 61.3% in 2023. It is also expected to expand at the fastest CAGR of 7.5% from 2024 to 2030. Majority of the growth is driven by China and other Far East countries. Improving living standards in China are resulting in higher investments in home décor and furnishings, which in turn is anticipated to fuel the market.

Bamboo Furniture Market Report Highlights

• Asia Pacific is estimated to be the fastest market accounting for a share of more than 63.94% by 2030, driven majorly by the high demand from China and India
• In terms of revenue, residential application accounts for a market share of more than 74.3% in 2023. The segment is expected to continue leading over the forecast period
• The bamboo furniture market in Europe is expected to grow at a CAGR of 6.4% over the projected years

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