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Bamboo and cane furnitures are made from bamboo evergreen perennial flowering plant that belongs to the subfamily Bambusoideae. Cane and bamboo furniture are made from the technique known as wicker in which pliable plant materials are woven to make products. Nowadays, bamboo is used in almost all sorts of furniture, such as benches, cabinets, beds, stools, shoe racks, tables, sofas, book shelves, sofas, and recliners. Bamboo’s high availability, strength, abundant supply, firmness, and speedy maturity have made it a very popular choice for furniture making. It is being used in office, home, restaurants, and shops to give an aesthetic appeal to the room and give simple and elegant feel. Cane and bamboo furnitures though are natural in appearance yet offer a very trendy, sleek, and modern look to the entire décor. The longevity, low weight, convenience in handling, easy maintenance and environmental friendliness of these furnitures add to its appeal.
The COVID-19 outbreak has caused a decline in the growth of the global industries creating a mass disruption for buyers as well as sellers. Markets and production units have been shutdown globally which has stopped the production, sale, and marketing of the product. This has also offered an opportunity for the companies to look after their supply chain relationship and business models for the future.
Rise in popularity for environment-friendly home décor items boosts the demand for cane and bamboo furnitures. Increase in awareness for using eco-friendly and recyclable products has influenced consumers to purchase bamboo and cane furnitures. Surge in disposable income enhances the purchasing power of the people living in Asia-Pacific countries. People are spending more than before on luxury, comfort, and lifestyle products. This changing spending behavior of consumers and the rise in purchasing power increases the demand for cane and bamboo furniture products.
The global Cane and bamboo furniture market trends are as follows:
Leading companies are opting for mergers and acquisitions to gain competitive edge in the market. Merger and acquisition strategies help the companies to penetrate into the market and increase the consumer base for its products. It also helps them to expand production capacity and product line or range. For instance, in February 2019, Century furniture declared its acquisition of Curate Home Collection company. The acquisition helps the Century Furniture Company to strengthen the market position for their products and brands in the home décor segment. Incorporating Curate home collection product lines into their portfolio enable the company to increase their product offering to serve better products.
Factors the restrict the growth of the cane and bamboo furniture market include
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Questions Answered in the Cane and Bamboo Furniture Market Research Report:
Key Market Segments
Key Market Players