The global side table market was valued at USD 12.66 billion in 2023 and is projected to grow from USD 13.12 billion in 2024 to USD 19.03 billion by 2032, reflecting a CAGR of 4.75% over the forecast period.
Side tables are crafted from a variety of materials, including glass, wood, and metal. The growing consumer focus on home aesthetics is driving demand for unique and stylish side tables, thereby fueling market growth.
The COVID-19 pandemic significantly disrupted the industry, causing delays in manufacturing and supply due to production challenges in several regions. Despite these setbacks, online sales and virtual showrooms played a key role in sustaining demand for side tables.
This data is sourced from the research report titled “Side Table Market, 2024-2032” by Fortune Business Insights™.
Top Company in the Side Table Market:
- Steelcase Inc. (U.S.)
- MillerKnoll, Inc.
- Ashley Furniture Industries, Inc.
- GLOBAL FURNITURE USA
- 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.)
- Pepperfry Limited (India)
- IKEA (Sweden)
- HNI Corporation (U.S.)
- Natuzzi S.p.A. (Italy)
- Dorel Industries Inc. (Canada)
Read More: https://www.fortunebusinessinsights.com/side-table-market-110179
Segmentation:
Wood Segment to Register Dominant Share Owing to its Texture
Based on material, the market is divided into plastic, metal, wood, and others. The wood segment is touted to hold a dominating position in the global market. This can be attributed to the texture and warmth of the material that helps enhance the aesthetics of a place.
Residential Segment to Hold Key Share Due to High Product Adoption
By application, the market is bifurcated into commercial and residential. The residential segment is set to record a major market share over the analysis period. Side tables help add to the aesthetics and functionality of living spaces, which is a vital factor for their adoption in residential applications.
Based on geography, the market for side tables has been studied across North America, Asia Pacific, South America, Europe, and the Middle East & Africa.
Report Coverage:
The report gives an account of the key driving factors and the latest market trends. It also provides an analysis of the industry based on various segments: material, application, and geography. The report also enlists the vital steps adopted by leading industry participants to increase their market share.
Drivers and Restraints:
Product Demand to Rise as Contemporary Home Décor Gains Traction
Long-term investments in home décor have seen a significant rise, with consumers showing increased interest in contemporary home interiors, driving demand for side tables. Popular trends include industrial, sleek, and minimalist styles, among others, which are expected to fuel market growth.
However, fluctuations in raw material prices could pose challenges to industry expansion.
Regional Insights:
Asia Pacific Accounted for Major Share Owing to High Number of Residential Construction Projects
In 2023, the Asia Pacific region held the largest market share, driven by rapid urbanization that fueled a surge in residential construction projects, boosting furniture demand. Additionally, the region’s status as a major furniture production hub further supported industry growth.
Meanwhile, the side table market in North America is expected to expand, supported by a strong culture of homeownership and increasing demand for these products.
Competitive Landscape:
Market Players are Centered on Launching Advanced Products to Outpace their Competitors
Industry players are prioritizing the introduction of technologically advanced products to strengthen their market positions. Examples include the incorporation of smart technology, touch-sensitive controls, and built-in speakers. These innovations are also being launched to gain a competitive advantage in the market.
Key Industry Development:
April 2021 – MADS Creations, a luxury interior concepts and custom design company based in Gurgaon, India, rolled out a new collection of side tables and center tables. The tables have been designed for giving a modern edge to home interiors.
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