COVID-19 Update: Due to COVID-19, every business has suffered though with different intensity. Eco-friendly furniture market is one of them. Due to the disruption in the supply chains and lockdown, the market could not do much business which has directly hit the revenue.

The global eco-friendly furniture Market size is anticipated to reach USD 59.8 billion by 2027, expanding at a CAGR of 6.8%, according to a new report by Grand View Research, Inc. Growing adoption of green building projects across the globe is paving the demand for sustainable interior products including eco-friendly furniture. In addition, the increasing prominence of sustainable manufacturing of furniture to create a pollutant-free environment is expected to drive the market over the forecast period.

Moreover, increasing adoption of eco-friendly housing projects by firms across countries such as Australia, China, Singapore, the U.S., and Canada owing to client’s demand as well as the prominence of environmental regulations is also driving the demand for sustainable interiors from the residential sector. This scenario is highly boosting the application of environmentally friendly furniture as well as furnishings in the commercial and residential sectors.

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Eco-friendly Furniture Market Report Highlights

• To fight COVID-19, companies are focusing more on connecting with customers on social media and other digital platforms.
• The increasing influx of millennial and generation Z consumers purchasing eco-friendly furniture is likely to drive the market in the forecast period.
• By application, the residential application dominated the eco-friendly furniture market, accounting for more than 61.6% of the global market share in 2019.
• By distribution channel, the offline segment accounted for more than 68.3% share of the global market in 2019.
• By region, North America dominated the global market, accounting for a share of 36.1% in 2019.
• Key players operating in the market are Vermont Woods Studios; Cisco Bros. Corp.; Manchester Woodcraft; Greenington; Lee Industries, Inc.; Williams-Sonoma Inc.; La-Z-Boy Inc.; Jiangxi Feiyu Bamboo Industry Group Co. Ltd.; Moso International B.V.; and Shenzhen Vincent Handicraft Co., Limited.
• Key players are focusing on expanding their product line and are adopting innovative technologies to meet consumer demand for eco-friendly furnishings.

Eco-friendly Furniture Market Segmentation

Grand View Research has segmented the global eco-friendly furniture market by application, distribution channel, and region:

Eco-friendly Furniture Application Outlook (Revenue, USD Billion, 2016–2027)

• Residential
• Commercial

Eco-friendly Furniture Distribution Channel Outlook (Revenue, USD Billion, 2016–2027)

• Offline
• Online