Market Overview:
The global furniture panels market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for furniture across the globe, coupled with the rising disposable income of consumers. In addition, growing awareness about healthy and eco-friendly furniture is also propelling the growth of this market. On the basis of type, particleboard (PB) is expected to lead the global furniture panels market during 2018-2030. This can be attributed to its low cost and easy availability as compared to other types of panels such as medium density fibreboard (MDF), high density fibreboard (HDF), oriented strand board (OSB) and plywood. Furthermore, particleboard is extensively used in indoor furnitures owing to its aesthetic appeal and durability properties. On account of surging demand from residential applications, Asia Pacific is anticipated to witness highest growth in terms of revenue during 2018-2030 in global furniture panels market .
Product Definition:
Furniture panels are pieces of furniture that have been cut into panels. They are often used to make cabinets, desks, and other furniture. Furniture panels can be made from a variety of materials, including wood, metal, and plastic. They are important because they allow people to create custom furniture without having to build it from scratch.
Particleboard (PB):
Particleboard, also known as wood-pulverizer board or flue pulp wood, is a form of low-cost and high-strength fiberboard made from wood pulps. It is the most common type of paneling material used in furniture panels.
Medium density fibreboard (MDF):
Medium density fiberboard or MDF is a composite wood product made from pulp, resin, and binder. It has applications in the furniture panels market as it can be used to make both vertical and horizontal panel products. The most common use of MDF is to make wall panels for furniture such as dressers, chest of drawers, chairs etc.
MDF contains less moisture content than regular wood which makes it more stable.
Application Insights:
Indoor applications include offices, schools, hotels, hospitals and others. The indoor furniture panels market is majorly driven by the growing demand for chairs in office buildings. Increasing work pressure coupled with a hectic lifestyle has led to increased spending on office equipment and furniture. This trend is expected to continue over the forecast period as more people opt for flexible working options while companies focus on reducing operational costs by increasing efficiency through technological advancements and cost-saving initiatives.
The outdoor application segment includes decks, gazebos, swingsets, play sets and lawns among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to rising product demand from developing countries such as China, India, Indonesia, Vietnam and Thailand. In addition, increasing construction of new commercial spaces such as shopping complexes and offices in these regions is anticipated to drive industry expansion.
Europe accounted for a significant share of the overall revenue in 2017 owing to growing consumer awareness regarding sustainable furniture products along with increased spending on home d©cor products. Moreover, high disposable income levels coupled with urbanization trends are projected to fuel regional product demand over the coming years.
Growth Factors:
- Increasing demand from construction and furniture industries for lightweight, durable and eco-friendly panels
- Rising awareness about the benefits of using furniture panels among consumers
- Technological advancements in manufacturing processes that lead to improved quality and performance of furniture panels
- Growing popularity of modular kitchens and wardrobes, which require furniture panels for assembly
- Rising disposable income levels that enable consumers to invest in high-quality furniture
Scope Of The Report
Report Attributes
Report Details
Report Title
Furniture Panels Market Research Report
By Type
Particleboard (PB), Medium density fibreboard (MDF), High density fibreboard (HDF), Oriented strand board (OSB), Plywood, Others
By Application
Indoor Furnitures, Outdoor Furnitures
By Companies
Kronospan, Arauco, Daiken New Zealand, Duratex, Georgia-Pacific, Masisa, Swiss Krono Group, Norbord, Louisiana-Pacific, Weyerhaeuser, Kronospan, Sonae Industria, Pfleiderer, Kastamonu Entegre, Swedspan, Langboard, Finsa, Tolko, Arbec, West Fraser, Sahachai Particle Board, Roseburg
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Furniture Panels Market Report Segments:
The global Furniture Panels market is segmented on the basis of:
Types
Particleboard (PB), Medium density fibreboard (MDF), High density fibreboard (HDF), Oriented strand board (OSB), Plywood, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Indoor Furnitures, Outdoor Furnitures
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kronospan
- Arauco
- Daiken New Zealand
- Duratex
- Georgia-Pacific
- Masisa
- Swiss Krono Group
- Norbord
- Louisiana-Pacific
- Weyerhaeuser
- Kronospan
- Sonae Industria
- Pfleiderer
- Kastamonu Entegre
- Swedspan
- Langboard
- Finsa
- Tolko
- Arbec
- West Fraser
- Sahachai Particle Board
- Roseburg
Highlights of The Furniture Panels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Particleboard (PB)
- Medium density fibreboard (MDF)
- High density fibreboard (HDF)
- Oriented strand board (OSB)
- Plywood
- Others
- By Application:
- Indoor Furnitures
- Outdoor Furnitures
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Furniture Panels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Furniture panels are a type of laminate flooring that is made up of several thin sheets of wood that are glued together. The sheets are then cut to the desired size and shape, and then glued to a backing sheet. This creates a smooth, flat surface that can be used for furniture or other objects.
Some of the key players operating in the furniture panels market are Kronospan, Arauco, Daiken New Zealand, Duratex, Georgia-Pacific, Masisa, Swiss Krono Group, Norbord, Louisiana-Pacific, Weyerhaeuser, Kronospan, Sonae Industria, Pfleiderer, Kastamonu Entegre, Swedspan, Langboard, Finsa, Tolko, Arbec, West Fraser, Sahachai Particle Board, Roseburg.
The furniture panels market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Furniture Panels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Furniture Panels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Furniture Panels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Furniture Panels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Furniture Panels Market Size & Forecast, 2018-2028
4.5.1 Furniture Panels Market Size and Y-o-Y Growth
4.5.2 Furniture Panels Market Absolute $ Opportunity
Chapter 5 Global Furniture Panels Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Furniture Panels Market Size Forecast by Type
5.2.1 Particleboard (PB)
5.2.2 Medium density fibreboard (MDF)
5.2.3 High density fibreboard (HDF)
5.2.4 Oriented strand board (OSB)
5.2.5 Plywood
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Furniture Panels Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Furniture Panels Market Size Forecast by Applications
6.2.1 Indoor Furnitures
6.2.2 Outdoor Furnitures
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Furniture Panels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Furniture Panels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Furniture Panels Analysis and Forecast
9.1 Introduction
9.2 North America Furniture Panels Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Furniture Panels Market Size Forecast by Type
9.6.1 Particleboard (PB)
9.6.2 Medium density fibreboard (MDF)
9.6.3 High density fibreboard (HDF)
9.6.4 Oriented strand board (OSB)
9.6.5 Plywood
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Furniture Panels Market Size Forecast by Applications
9.10.1 Indoor Furnitures
9.10.2 Outdoor Furnitures
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Furniture Panels Analysis and Forecast
10.1 Introduction
10.2 Europe Furniture Panels Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Furniture Panels Market Size Forecast by Type
10.6.1 Particleboard (PB)
10.6.2 Medium density fibreboard (MDF)
10.6.3 High density fibreboard (HDF)
10.6.4 Oriented strand board (OSB)
10.6.5 Plywood
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Furniture Panels Market Size Forecast by Applications
10.10.1 Indoor Furnitures
10.10.2 Outdoor Furnitures
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Furniture Panels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Furniture Panels Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Furniture Panels Market Size Forecast by Type
11.6.1 Particleboard (PB)
11.6.2 Medium density fibreboard (MDF)
11.6.3 High density fibreboard (HDF)
11.6.4 Oriented strand board (OSB)
11.6.5 Plywood
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Furniture Panels Market Size Forecast by Applications
11.10.1 Indoor Furnitures
11.10.2 Outdoor Furnitures
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Furniture Panels Analysis and Forecast
12.1 Introduction
12.2 Latin America Furniture Panels Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Furniture Panels Market Size Forecast by Type
12.6.1 Particleboard (PB)
12.6.2 Medium density fibreboard (MDF)
12.6.3 High density fibreboard (HDF)
12.6.4 Oriented strand board (OSB)
12.6.5 Plywood
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Furniture Panels Market Size Forecast by Applications
12.10.1 Indoor Furnitures
12.10.2 Outdoor Furnitures
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Furniture Panels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Furniture Panels Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Furniture Panels Market Size Forecast by Type
13.6.1 Particleboard (PB)
13.6.2 Medium density fibreboard (MDF)
13.6.3 High density fibreboard (HDF)
13.6.4 Oriented strand board (OSB)
13.6.5 Plywood
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Furniture Panels Market Size Forecast by Applications
13.10.1 Indoor Furnitures
13.10.2 Outdoor Furnitures
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Furniture Panels Market: Competitive Dashboard
14.2 Global Furniture Panels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kronospan
14.3.2 Arauco
14.3.3 Daiken New Zealand
14.3.4 Duratex
14.3.5 Georgia-Pacific
14.3.6 Masisa
14.3.7 Swiss Krono Group
14.3.8 Norbord
14.3.9 Louisiana-Pacific
14.3.10 Weyerhaeuser
14.3.11 Kronospan
14.3.12 Sonae Industria
14.3.13 Pfleiderer
14.3.14 Kastamonu Entegre
14.3.15 Swedspan
14.3.16 Langboard
14.3.17 Finsa
14.3.18 Tolko
14.3.19 Arbec
14.3.20 West Fraser
14.3.21 Sahachai Particle Board
14.3.22 Roseburg
