The global dining table market was valued at USD 7.81 billion in 2023 and is projected to grow to USD 8.22 billion in 2024. By 2032, the market is expected to reach USD 13.71 billion, reflecting a compound annual growth rate (CAGR) of 6.6% over the forecast period. Today, consumers increasingly favor customizable, minimalist designs for their home spaces. In response, manufacturers are providing furniture crafted from sustainable materials such as recycled wood and plastic, oak, teak, and rosewood. The growing demand for furniture in infrastructural developments is anticipated to further drive market growth. This information is detailed in the report titled “Dining Table Market, 2024-2032” by Fortune Business Insights™.
Information Source: https://www.fortunebusinessinsights.com/dining-table-market-106138
Segmentation
Wood to Lead Due to Preference for Natural Furniture
The market is segmented by material into wood, metal, plastic, and other categories. The wood segment is expected to lead, driven by the growing preference for furniture with natural wooden finishes and color tones such as gray, white, and brown.
Rectangular Tables to Dominate Due to Accessibility
By shape, the market is divided into oval, rectangular, round, and square tables. Rectangular tables are anticipated to hold the largest share, thanks to their widespread accessibility and practical design.
Residential Segment to Lead Amid Growing Interior Design Trends
The market is segmented by end-user into residential and commercial categories. The residential segment is projected to dominate due to the increasing emphasis on interior design and home decor, particularly in kitchen and dining spaces.
Regional Insights
The market is analyzed across regions including North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Top Key Players 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.)
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
Sustainability Trends to Boost Market Growth
The dining table market is expected to grow due to the increasing preference for furniture made from sustainable materials, such as recycled wood and plastic, oak, teak, and rosewood. Rising demand for customized and luxury dining furniture is also contributing to revenue growth.
However, the proliferation of counterfeit dining furniture products is negatively affecting sales in many countries, which may hinder market growth.
Regional Insights
Asia Pacific Set to Lead with High Market Share
Asia Pacific is anticipated to dominate the global dining table market, with a valuation of USD 3.36 billion in 2022. This dominance is attributed to the growing popularity of trendy furniture items for events and home decor, including dining tables, chairs, and sofas. The increased consumption of wooden furniture in China and India is expected to drive regional growth.
In Europe, market expansion is driven by the rising demand for modern, extendable dining tables that offer space efficiency in both residential and official settings.
Competitive Landscape
Innovation in Design to Enhance Market Position
Key players in the dining table market are gaining a competitive edge by introducing new designs to expand their global customer base. For example, in February 2023, Steelcase, Inc. and the Frank Lloyd Wright Foundation launched the Racine Collection, featuring dining chairs, tables, and desks made from high-quality fabrics and materials for enhanced comfort and 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.