Rattan Furniture Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 0.91 Billion |
| Market Size (2029) | USD 1.05 Billion |
| CAGR (2024 - 2029) | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Rattan Furniture Market Analysis
The Rattan Furniture Market size is estimated at USD 0.91 billion in 2024, and is expected to reach USD 1.05 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The Rattan Furniture market is signifying the majority of Asian countries such as China, India, and Japan, as well as African countries such as Ghana, Nigeria, and Cameroon, are promoting the cultivation of rattan and, thus, manufacturing of Rattan Furniture is mainly found in Asia countries making Asia-Pacific the largest market of it. The economically cheap products are further exported to Western countries, creating Europe's demands as a key market driver. Cultivation of rattan provides an economically viable means of eradicating poverty from rural societies and helps people sustain and support their livelihood.
Rattan is increasingly becoming a preferred choice over timber as it’s easier to harvest transport and is relatively affordable. It’s water-resistant by nature and offers high durability. Its benefits result in the sustainable use of rattan in applications such as furniture, shelter, and handicraft products. Rattan also produces flooring, charcoal, mats/screens, and woven products. Therefore, a vast range of commercial applications is anticipated to boost the sales of Rattan products and drive market growth over the forecast period.
However, the usage of toxic chemicals in processing processed Rattan products, including furniture, flooring, and pulp & paper, escalates the introduction and implementation of stringent laws and regulations. The intrusion of such rules may negatively impact the long-term supply, cost, and sales of Rattan products. These factors are expected to challenge the market growth over the forecast period.
The coronavirus pandemic hit the manufacturing, logistics, and sales of Rattan Furniture very severely. It decreased the export of Rattan wood from Indonesia and China and thus halted manufacturing in the western and Asian countries, drastically impacting the Rattan Furniture Market. However, the rise in construction and opening up of the markets globally has brought the Rattan Furniture Market back on track, leading to the market's growth at an average pace throughout the forecast period.
Rattan Furniture Market Trends
China Witnessing the Growing Rattan Furniture Market
China, the largest producer of rattan products, followed by Indonesia, has five types of Rattan wood production, resulting in a wide variety of outdoor rattan furniture. Other largest sources are the Philippines, Vietnam, and Singapore, making the market focused mainly on the Asia Pacific. Authentic Rattan furniture at lower prices is being exported to Western countries and other countries globally, leading to the rattan Furniture Market growing.
Outdoor Rattan Furniture is Driving the Market
The restaurants, lounges, and offices remained closed due to the lockdown during COVID-19. It led to the impact of the outdoor furniture products of Rattan Furniture. The outdoor category furniture's need for Rattan furniture has been hit severely because of the coronavirus pandemic inducing indoor lifestyles. The revenue from commercial end-users such as lounges, restaurants, and Picnic spots has fallen drastically in revenue generation for the Rattan furniture market. In contrast, the Residential end-users have increased the need for it because of WFH culture.
Rattan Furniture Industry Overview
The Rattan Furniture Market is highly competitive and fragmented because of highly experienced and famous brands from India, China, Japan, and other regions of Asia-Pacific which keep on introducing Rattan Furniture products as it's found mainly in Asian countries, giving authenticity of Asia-Pacific with a large number of unorganized players dominating the market. Leading local and foreign players are present in each price range globally. International chains and brands such as Sutraa, The Keter, and Tuuci are famous and leading the market. Other brands, such as Ashley, Vermont, and Vixen Hill, have focused on innovating modern and contemporary designs for the Rattan Furniture Market for a long time—international tie-ups with furniture makers in the consumer countries to promote rattan products.
Rattan Furniture Market Leaders
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Sitra
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Vixen Hill
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Tuuci
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Hartman
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Linya Group
*Disclaimer: Major Players sorted in no particular order
Rattan Furniture Market News
- August 2023: Ahmedabad-based real estate developer Shivalik Group has partnered strategically with Stanley Furniture, India's leading fully integrated luxury furniture manufacturer. This collaboration aims to establish exquisite furniture showrooms across Gujarat.
- July 2023: Tuuci has introduced two new collections, bringing innovation and inspiration to outdoor spaces, including the Highland Planter and the Mainland Planter.
Rattan Furniture Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of Study
2. RESEARCH METHODOLOGY
3. EXCEUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Demand for Eco-friendly and Sustainable Furniture Options
- 4.2.2 Increasing Popularity of Outdoor Living Spaces
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4.3 Market Restraints
- 4.3.1 Damage from Harsh Weather Conditions
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4.4 Market Opportunities
- 4.4.1 Rising Demand for Natural and Organic Interior Design Elements
- 4.5 Value Chain Analysis
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4.6 Porter's Five Forces Analysis
- 4.6.1 Bargaining Power of Suppliers
- 4.6.2 Bargaining Power of Buyers
- 4.6.3 Threat of New Entrants
- 4.6.4 Threat of Substitutes
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Insights on Consumer Buying Behavior Analysis
- 4.8 Impact of Covid-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Table
- 5.1.2 Chairs
- 5.1.3 Storage
- 5.1.4 Beds
- 5.1.5 Other Types
-
5.2 By Application
- 5.2.1 Residential
- 5.2.2 Commercial
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5.3 By Distribution Channel
- 5.3.1 Multi-brand Stores
- 5.3.2 Exclusive Stores
- 5.3.3 Online
- 5.3.4 Other Distribution Channel
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5.4 By Geography
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia-Pacific
- 5.4.4 Latin America
- 5.4.5 Middle- East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Sitra
- 6.2.2 Fischer Mobel
- 6.2.3 Tuuci
- 6.2.4 Hartman
- 6.2.5 Linya Group
- 6.2.6 Agio International Company
- 6.2.7 Barbeques Galore
- 6.2.8 Homecrest Outdoor Living
- 6.2.9 Vixen Hill
- 6.2.10 The Keter*
- *List Not Exhaustive
7. FUTURE TRENDS
8. DISCLAIMER
** Subject To AvailablityRattan Furniture Industry Segmentation
The Rattan Furniture Market is one of the most widely demanded Furniture markets as people prefer sustainable and lightweight naturally cultivated products for furniture. A complete background analysis of the Rattan Furniture Market, which includes an assessment of the economy, market overview, market size estimation for critical segments, emerging trends in the market, market dynamics, and key company profiles, are covered in the report.
The Rattan Furniture Market is segmented by product type (chair, table, bed, storage, others), by distribution channel (multi-brand stores, exclusive stores, online and other distribution channels), by end-users (residential, commercial), and by geography. (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa).
The report offers market size and forecasts for the Rattan Furniture Market in value (USD) for all the above segments.
| By Type | Table |
| Chairs | |
| Storage | |
| Beds | |
| Other Types | |
| By Application | Residential |
| Commercial | |
| By Distribution Channel | Multi-brand Stores |
| Exclusive Stores | |
| Online | |
| Other Distribution Channel | |
| By Geography | North America |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle- East and Africa |
Rattan Furniture Market Research FAQs
How big is the Rattan Furniture Market?
The Rattan Furniture Market size is expected to reach USD 0.91 billion in 2024 and grow at a CAGR of greater than 5% to reach USD 1.05 billion by 2029.
What is the current Rattan Furniture Market size?
In 2024, the Rattan Furniture Market size is expected to reach USD 0.91 billion.
Who are the key players in Rattan Furniture Market?
Sitra, Vixen Hill , Tuuci, Hartman and Linya Group are the major companies operating in the Rattan Furniture Market.
Which is the fastest growing region in Rattan Furniture Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Rattan Furniture Market?
In 2024, the North America accounts for the largest market share in Rattan Furniture Market.
What years does this Rattan Furniture Market cover, and what was the market size in 2023?
In 2023, the Rattan Furniture Market size was estimated at USD 870 million. The report covers the Rattan Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Rattan Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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