Market Overview:
The global oak furniture market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as increasing demand for oak furniture from residential and commercial places, rising disposable income, and growing awareness about the benefits of using oak furniture. Based on type, the global oak furniture market is segmented into tables, chairs, cabinets, and others. Tables are further sub-segmented into dining tables and coffee tables while chairs are sub-segmented into office chairs and living room chairs. Cabinets are further sub-segmented into kitchen cabinets and bedroom cabinets while others include beds, wardrobes, etc. Based on application, the global oak furniture market is segmented into residential applications (including homes and apartments), offices (including corporate offices), commercial places (including hotels/motels), educational institutions (including schools/colleges) hospitals & clinics), retail stores & shopping malls) transportation hubs (such as railway stations/airports).
Product Definition:
Oak furniture is a type of furniture that is made from oak, a type of wood. Oak is a strong and durable wood, so oak furniture can last for many years. Oak furniture is often considered to be high quality furniture because it is made from a strong and durable wood.
Tables:
Tables are used in various applications such as restaurants, hotels, conference rooms and other places where there is a need for food and drinks. The growth of the global tables market is directly proportional to the growth of the global oak furniture market. Oak wood has been considered to be one of the most premium woods available on earth due to its durability and strength.
Chairs:
Chairs are the most common furniture item in oak furniture market. They are used for seating purposes and can be stationary or can be moved around as per requirement. chairs have a backrest, arms, and a seat; while some chairs also have legs. The basic types of oak chairs include dining room tables, sideboards/buffets, lounge suites (with or without drinks holders), armchairs and sofas (couches).
Application Insights:
The residential application segment accounted for the largest share of more than 50.0% in 2017. The rising number of single-family houses in developed countries including Germany, U.K., and France is expected to remain a key factor driving the demand for oak furniture in this segment over the forecast period. In addition, an increase in renovation activities across various regions coupled with growing urbanization is anticipated to propel market growth over the next eight years.
The commercial places application segment was valued at USD 853 million in 2017 owing to increasing construction spending by companies including Ikea and MDF Group among others on new stores or expanding their store network globally as a result of strong consumer demand for high-quality furniture products that serve functional as well as aesthetic purposes within office spaces at economical prices along with easy maintenance services which are likely to boost product sales over the coming years significantly across all major regions worldwide thereby contributing towards overall industry growth during this period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 4.6% over the forecast period, owing to increasing demand for oak furniture from residential and commercial applications. High disposable income of consumers and rising construction activities are likely to drive the regional market further.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast years due to rapid urbanization, growing population, improving standard of living along with increasing investments in real estate sector in developing countries such as India and China which will boost product demand over next eight years. Moreover, government initiatives encouraging home ownership are projected to bode well for regional growth prospects over coming years.
Growth Factors:
- Increasing demand from the residential sector for oak furniture is expected to be a key growth driver for the market over the forecast period.
- Rising disposable income of consumers is also anticipated to boost demand for oak furniture, thereby propelling market growth.
- Growing popularity of traditional and antique furniture is also projected to fuel demand for oak furniture in the coming years.
- Proliferation of online retailing is expected to provide a significant impetus to the market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Oak Furniture Market Research Report
By Type
Tables, Chairs, Cabinets, Others
By Application
Residential, Offices, Commercial Places
By Companies
Bernhardt Furniture Company, Hartmann, Simex, Evrika, LUGI, Dizozols, VOGLAUER, Novart, Team 7, Vinderup Traindustri, Ultimo Interiors, Wiemann UK, Spin Valis d.d.
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Oak Furniture Market Report Segments:
The global Oak Furniture market is segmented on the basis of:
Types
Tables, Chairs, Cabinets, 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
Residential, Offices, Commercial Places
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:
- Bernhardt Furniture Company
- Hartmann
- Simex
- Evrika
- LUGI
- Dizozols
- VOGLAUER
- Novart
- Team 7
- Vinderup Traindustri
- Ultimo Interiors
- Wiemann UK
- Spin Valis d.d.
Highlights of The Oak Furniture 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:
- Tables
- Chairs
- Cabinets
- Others
- By Application:
- Residential
- Offices
- Commercial Places
- 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 Oak Furniture 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?
Oak furniture is a type of furniture made from oak wood. Oak is a strong and durable wood, which makes it perfect for furniture that will be used in high-traffic areas or areas that are subject to heavy wear and tear.
Some of the key players operating in the oak furniture market are Bernhardt Furniture Company, Hartmann, Simex, Evrika, LUGI, Dizozols, VOGLAUER, Novart, Team 7, Vinderup Traindustri, Ultimo Interiors, Wiemann UK, Spin Valis d.d..
The oak furniture 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 Oak Furniture 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 Oak Furniture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oak Furniture 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 Oak Furniture 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 Oak Furniture Market Size & Forecast, 2018-2028
4.5.1 Oak Furniture Market Size and Y-o-Y Growth
4.5.2 Oak Furniture Market Absolute $ Opportunity
Chapter 5 Global Oak Furniture 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 Oak Furniture Market Size Forecast by Type
5.2.1 Tables
5.2.2 Chairs
5.2.3 Cabinets
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oak Furniture 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 Oak Furniture Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Offices
6.2.3 Commercial Places
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oak Furniture 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 Oak Furniture 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 Oak Furniture Analysis and Forecast
9.1 Introduction
9.2 North America Oak Furniture 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 Oak Furniture Market Size Forecast by Type
9.6.1 Tables
9.6.2 Chairs
9.6.3 Cabinets
9.6.4 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 Oak Furniture Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Offices
9.10.3 Commercial Places
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 Oak Furniture Analysis and Forecast
10.1 Introduction
10.2 Europe Oak Furniture 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 Oak Furniture Market Size Forecast by Type
10.6.1 Tables
10.6.2 Chairs
10.6.3 Cabinets
10.6.4 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 Oak Furniture Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Offices
10.10.3 Commercial Places
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 Oak Furniture Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oak Furniture 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 Oak Furniture Market Size Forecast by Type
11.6.1 Tables
11.6.2 Chairs
11.6.3 Cabinets
11.6.4 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 Oak Furniture Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Offices
11.10.3 Commercial Places
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 Oak Furniture Analysis and Forecast
12.1 Introduction
12.2 Latin America Oak Furniture 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 Oak Furniture Market Size Forecast by Type
12.6.1 Tables
12.6.2 Chairs
12.6.3 Cabinets
12.6.4 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 Oak Furniture Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Offices
12.10.3 Commercial Places
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) Oak Furniture Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oak Furniture 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) Oak Furniture Market Size Forecast by Type
13.6.1 Tables
13.6.2 Chairs
13.6.3 Cabinets
13.6.4 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) Oak Furniture Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Offices
13.10.3 Commercial Places
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 Oak Furniture Market: Competitive Dashboard
14.2 Global Oak Furniture Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bernhardt Furniture Company
14.3.2 Hartmann
14.3.3 Simex
14.3.4 Evrika
14.3.5 LUGI
14.3.6 Dizozols
14.3.7 VOGLAUER
14.3.8 Novart
14.3.9 Team 7
14.3.10 Vinderup Traindustri
14.3.11 Ultimo Interiors
14.3.12 Wiemann UK
14.3.13 Spin Valis d.d.
