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A dining chair finds great usage in residential homes and commercials in providing a seating surface for dining or other activities. Dining chairs come in various shapes and sizes and have seen widespread adoption across residential and commercial places, such as restaurants and hotels. The market is estimated to exhibit faster growth in the coming years since the demand for dining chairs has boosted across households and eateries.
Dining chairs are generally manufactured from plastic, wood, metal, or a combination of two or three materials. There is a growing concern regarding the harmful health consequences of sitting for long, and it creates health problems such as increased cardiovascular risk and spine-related issues. All the health-related impacts can be alleviated by a good chair design. For example, the Reva dining chair is made with a sustainably harvested hardwood frame with tall tapered legs and a soft cushioned seat that can positively influence comfortable seating.
Increasing requirements of furniture products, including dining chairs and tables for households and commercials, have uplifted the demand of the dining chair market. A dining chair is an essential requirement for every household. The growing demand for furniture manufacturing businesses helps provide an efficient supply of chairs made of different materials and varied designs, thereby driving the market growth. Moreover, the growing number of families in every household leads to significant demand for portable and space-saving furniture, which is anticipated to drive the demand for market growth within the forthcoming years
Wooden chairs are long-lasting and made up of robust material, which finds more significant usage in most households and commercial places. However, the high cost of rigid wooden materials makes the purchasing process challenging for low-income sections. In addition, the plastic materials used in the manufacture of dining chairs cannot be used for long since they are difficult to withstand wear, pressure, and damage. Therefore the demand is hampered, which is likely to act as a restraining factor in market growth.
Key Market Driver -
The growing trend of interior dining in households has created numerous opportunities in the dining chair market and is expected to fuel the growth
Key Market Restraint -
Surge in the prices of wooden chairs can lead to lowering the demand and can act as a restraint.
Ashley Furniture Industries Inc., IKEA, Florense, Restoration Hardware, Kartell, Varaschin, EDRA, USM Modular Furniture, Hülsta, Redapple, Qumei, Quanyou are some of the prominent players operating in the market.
The global dining chair market is segmented into type, application, distribution channel, and geography.
Based on type, the market is segmented into solid, wood, plastic, hybrid materials, and others. The wood segment is projected to hold the largest market share and is expected to expand over the forecast period. This growth is likely to accelerate as wood is one of the raw materials naturally available in abundance and can be used in the production of almost all types of furniture products. Moreover, the growing concern regarding sustainable and eco-friendly materials has a greater significance to most populations and is expected to lead the segmental growth.
Based on the application, the market is segmented into residential and commercial. The residential segment is anticipated to hold a larger market share due to the rising adoption of luxury furniture, which adds elegance and sophistication to the decor. In addition, with rising employment and per capita income, there is often more expenditure on comfort and luxury among the population. Therefore, increasing exports and imports of luxurious and comfortable furniture like dining chairs driven by changing lifestyle patterns and trends enhance the furniture demand.
Based on the distribution channel, the market is segmented into offline and online. The offline segment is constituted to hold a more significant share of demand. For the majority of users, shopping for furniture has traditionally been a complete offline experience. In large furniture stores like IKEA, people love to browse, sit on things, try them out and buy them.
By geography, the global smart home appliances market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
The North American region is anticipated to hold lucrative growth through the forecast period 2021-2028. It is likely to propel further with the increasing customer expenditure on construction and home décor. Infrastructure development is expected to pace up construction of residential and commercial buildings boosting the demand for furniture. The hotels, school canteens, restaurants, and residential dining spaces are also expected to offer excellent market growth opportunities in this region. Furthermore, increasing consumer awareness and the importance of environmental protection measures encourage various companies to introduce low-cost environment-friendly products.
Asia Pacific furniture market is expected to hold a considerable market share in the upcoming years. Rapid urbanization and improving consumer socio-economic factors are the major factors behind such massive demand share in recent years. This growth is basically due to the rising disposable income of the upper and middle-class population. This growth is driven by the booming land industry, including government-initiated housing projects. In 2018, India's Union Cabinet allowed 100% foreign direct investment (FDI) in single-brand retail without prior government approval that helped companies like IKEA in India. The government-initiated housing projects demand a greater adoption of furniture in almost all houses. For instance, the Indian government has initiated a housing project named Pradhan Mantri Awas Yojana, which was introduced in 2015 to construct 20 million homes by march 31, 2022, for urban people.
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