Dining Table Market Share, Size, Growth, and Competitive Landscape to 2032
The global dining table market size was valued at USD 7.81 billion in 2023 and is expected to reach the valuation of USD 8.22 billion in 2024. The market is expected to reach USD 13.71 billion by 2032 with a CAGR of 6.6% during the forecast period. Nowadays, the households have been preferring customizable minimalistic designs for their home spaces. Manufacturers have been offering furniture which has been made of sustainable materials such as recycled wood & plastic, oak, teak, rosewood, etc. Rising need for furniture in the infrastructural facilities is set to drive the product demand. Fortune Business Insights™ shares this information in its report titled “Dining Table Market, 2024-2032.”
Top Leading Companies Covered 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.)
Information Source: https://www.fortunebusinessinsights.com/dining-table-market-106138
Segmentation
Backed By Demand for Natural Furniture Items, Wood Is Set To Lead The Segment
On the basis of material, the market is segmented into wood, metal, plastic, and others. Wood segment is set to dominate due to demand for furniture items with natural wooden colors and gray, white, or brown color tones.
Backed By Easy Accessibility, Rectangular Segement Is Set To Lead The Market
By table shape, the market is divided into oval, rectangular, round, and square. The rectangular shaped tables are set to hold a dominant share due to easy accessibility to rectangular tables.
Owing To Increasing Focus On Interior Designing, Residential Segement Is Set To Lead The Market
According to the end-user, the market is segmented into residential and commercial. Residential segment holds a major market share due to increasing focus on interior designing and kitchen room decoration among households.
On the basis of regional ground, the market is studied across North America, Europe, Asia Pacific, South America, and Middle East & 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 need for items made of recycled wood and plastic, oak, teak, rosewood, and other materials is expected to propel the expansion of the dining table market. The new products’ profits are being driven by an increasing demand for luxury furniture items with bespoke designs.
However, the availability of fake dining furniture is hurting product 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. The demand for in-style furniture pieces at events, such as dinner tables, chairs, beds, sofas, and home textile products, is the reason for the domination. The growing demand for wooden furniture in China and India is expected to drive regional expansion.
The European market is expanding as a result of the growing need for contemporary extendable dining tables that are appropriate for managing space in formal settings.
Competitive Landscape
Market Players to Gain Competitive Edge by Offering New Designs
The major competitors in the dining table industry have been introducing new designs in an effort to grow their clientele internationally. Steelcase, Inc. and the Frank Lloyd Wright Foundation joined up in February 2023 to introduce the Racine Collection, which includes desks, tables, and dining seats. Due to the use of premium fabrics, materials, and ergonomic adjustments, these goods offer excellent performance.
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.
