The global dining table market size was valued at USD 7.81 billion in 2023 and is expected to reach the valuation of USD 8.22 billion in 2024. The market is expected to reach USD 13.71 billion by 2032 with a CAGR of 6.6% 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, 2024-2032.”
COVID-19 Impact:
Closure Of Upholstery Shops And Finishing Stores Due To The Restrictions Slowed Down The Market Growth
The restrictions due to the pandemic led to the closure of upholstery shops and finishing stores impacted the product demand negatively. With upliftment of restrictions, the furniture shops started reopening which supported the market growth globally. According to Federal Reserve Bank of St. Louis, U.S., the restrictions related to COVID-19 led to the reduction in the sales by reaching USD 3,939 million in April 2020 from USD 10,380 million in January 2020 for the U.S. furniture and home furnishing stores.
Information Source: https://www.fortunebusinessinsights.com/dining-table-market-106138
Top Leading Company in the Dining Table Market:
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