The global dining table market size was valued at USD 7.45 billion in 2022 and is projected to grow from USD 7.81 billion in 2023 to USD 11.91 billion by 2030, exhibiting a CAGR of 6.2% during the forecast period.
Dining tables are available in various shapes, price range, and functionalities. They offer an aesthetic look in the dining spaces. With new and evolving trend for renovation and preference for contemporary designs for lunch tabletops is set to propel the market development. Fortune Business Insights™ shares this information in its report titled “Dining Table Market, 2023-2030.”
List of Key Players Profiled in the Market Report
- 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.)
Segmentation
Backed By Consumer Demand For Engineered Furniture Items, Wood Is Set To Lead The Segment
On the basis of material, the market is segmented into wood, metal, plastic, and others. Consumer demand for engineered wooden tables and chairs has resulted in the wood segment to be the leading part of the segment in the market. The demand for steel lunch benchtops in the corporates and restaurants is supporting the demand for steel-based material.
Backed By Easy Availability, 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 the availability of diverse shapes and sizes.
Owing To Consumption Of Multifunctional Tables, 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 owing to the consumption of multifunctional tables and minimalistic designs.
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
Requirement for Large-Sized Dining Tables In The Infrastructural Facilities To Drive Market Trajectory
Growth in the number of infrastructural facilities related to restaurants, coffee shops, canteens, bars, and pubs is anticipated to drive dining table market growth. These facilities require large-sized dining tables. In addition, the adoption of luxury furniture items is set to propel the market growth.
However, instances of skin irritation due to long usage of lounge tables with chemical-based finishes is expected to hamper the market growth.
Regional Insights
Owing to the Consumption Of Wooden Furniture Items, Asia Pacific Is Expected 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 valuation and dominance is backed by the enhanced consumption of wooden furniture items in China and India.
The need for replacing of products and house renovation trend in the household of Canada and U.S. is driving the market growth in North America.
Competitive Landscape
Market Players to Gain Competitive Edge by Offering Innovative Designs
Key industry players of the dining table market have been focusing on the offering innovative designs to expand their customer base globally. In February 2023, Steelcase, Inc. collaborated with Frank Lloyd Wright Foundation to launch 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
- May 2023: Serena & Lily launched a new collection of furniture products including Bamileke Side table, Hanging chair, Rivera Side chair, and Pacifica Outdoor sofa in the U.S. The new collection was launched by ‘Serena & Lily Hospitality’ trade program.
Reference Link:
https://www.fortunebusinessinsights.com/dining-table-market-106138