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 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.)
Read More: 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
Preference for dining furniture products made from recycled wood & plastic, oak, teak, rosewood, etc. is anticipated to drive dining table market growth. Increasing demand for customized designs and items for luxury furniture items is driving the revenues for the new products.
However, provision of counterfeit dining furniture products is negatively impacting the product sales in many countries globally which is expected to hamper the market growth.
Regional Insights
Preference For Trending Furniture Items, Asia Pacific Is Poised To Lead The Market Share
Asia Pacific is projected led the global dining table market share with the valuation of USD 3.36 billion in the year 2022. The dominance is due to preference for trending furniture items such as dinner tables, chairs, beds, sofas, home textile products, etc. in events. Rising consumption of wooden furniture in China and India is set to propel regional growth.
Market growth in the Europe is due to rising demand for modern extendable dining tables suitable for space management at official spaces.
Competitive Landscape
Market Players to Gain Competitive Edge by Offering New Designs
The key market players in the dining table market have been offering new designs for the expansion of their customer base on global level. In February 2023, Steelcase, Inc. and Frank Lloyd Wright Foundation collaborated for the launch of various products such as dining chairs, tables, and desks, called Racine Collection. These products are of high performance as they are made up of high quality fabrics, materials, and tweaks for better comfort and use.
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.
