The global trends for natural and minimalist furniture shine a light on the rattan garden furniture market. It is because the wicker rattan and different types of rattan materials offer various design options for retailers and wholesalers to choose. However, the market exists great opportunities as well as challenges for rattan furniture companies to freely operate. Let’s explore the market growths, the demands, and supplies of this sector with Simple Decor in this article.
The global market growth of the rattan furniture market
The global rattan furniture market is anticipated to increase by $870.19 million between 2022 and 2026, at a CAGR of 3.36 percent (Source: ReportLinker). This report segments the rattan furniture market by
- End-user (Residential and Commercial) and
- Geography (North America, APAC, Europe, South America, and MEA).
Revenue generation will be significantly impacted by the residential segment's increased market share for rattan furniture. The increase in demand for multifunctional and multipurpose residential furniture, consisting primarily of foldable beds and sofa sets, will drive the segment's growth over the forecast period. It will, in turn, drive the rattan home furnishing market's growth.
Customers' demand for rattan home accessories
The significant rise in demand for outdoor rattan home decor is the primary factor driving the expansion of the global rattan furniture market. In 2020, the outbreak of COVID-19 led to the closure of restaurants, bars, and workplaces. It had a negative effect on the demand for commercial outdoor furniture such as rattan furniture.
However, as a result of the pandemic, the demand for outdoor rattan furniture in the residential category has increased dramatically. It is because people have been forced to stay at home and work from home. Consequently, the increase in demand from residential end-users as a result of the WFH culture is anticipated to drive the global rattan furniture market.
Explore more: Understanding How Rattan Processing With 3 Simple Steps
Increasing emphasis on eco-friendly furniture is another significant factor driving the global rattan furniture market. In developed nations such as the United States, Canada, and Mexico, the demand for eco-friendly furniture is increasing due to a radical shift in customer preferences toward rattan furniture (Source: Technavio). Consequently, retailers offer artistically designed, high-quality furniture made from eco-friendly materials.
In addition, several non-profit trade associations have introduced guidelines for eco-friendly furniture suppliers and manufacturers. Consequently, the increasing demand for and awareness of eco-friendly furniture will impact the growth of the global rattan furniture market.
Top supplying countries of wholesale rattan garden furniture
In the light of the rising market demand and market growth, it is highly profitable to find a long-term supplier for wholesale rattan furniture. With the abundance of natural materials and trade villages, Vietnam, India, and the Philippines are the top three destinations for retailers of rattan garden furniture. Particularly, these countries offer affordable and convenient supplying sources for wholesale importers.
To get a deeper insight into the wholesale rattan furniture manufacturers, explore more about Top 3 Places To Find Sustainable Home Decor Wholesale Suppliers here.
Explore more: 4 Ways to Find Vietnamese Home Decor Manufacturers
Conclusion
For any retailers working in the industry, it is essential to get insights into the market growth, customers’ demand, and supply sources. Simple Decor hopes that the article is workable for you. If you are interested in rattan garden furniture, we provide 3 Ways to Deliver Rattan Home Decor to your Customers.
We are willing to be your business partner and together we grow our business. No matter what your idea is, Simple Decor is sure we can bring them to reality as a stepping stone for mutual success. Check out more about how we can solve your differentiation tactics and more product ideas of our sustainable rattan home decor products for wholesale here.
Explore more: Rattan Serving Tray Wholesale in Vietnam
Explore more: Rattan Hanging Basket Wholesale Manufacturer In Vietnam
You can also leave us a message and we will get back to you at a moment’s notice.
Comments
Post a Comment