Indonesia Wooden Shelves Market is Forecast to Touch USD 453.5 Million by 2026, Growing at a CAGR of 3.9% During 2020 to 2026

According to BlueWeave Con, Indonesia wooden shelves market has reached USD 348.3 million in 2019 and is further projected to reach USD 453.5 million by 2026, growing at a CAGR of 3.9% during 2020-2026 (forecast period). Increasing demand for capacity expansion and storage facilities in Indonesia is likely to drive the market for Indonesia wooden shelves market over the forecast period. Increasing demand and the need for systematic storage and easy material handling are anticipated to support the industry growth of Indonesia. 

Wooden shelves are defined as thin flat usually long and narrow pieces of wood fastened horizontally at a distance from the floor to hold objects. A wooden shelf is a flat horizontal plane that is used in a home, store, business, or elsewhere to hold items that are being displayed, stored, or offered for sale. It is elevated off the ground and usually anchored/supported on its shorter length sides by brackets. It can also be held up by columns or pillars. A shelf is also called a ledge, counter, mantel, or rack. 

The furniture occupies the largest share of Indonesia wooden shelves market

The furniture application is expected to lead the Indonesian wooden shelves market due to the rising consumer spending on various wood-based furniture products and increasing preference for traditional furniture for living rooms and bedrooms among consumers. Increasing consumer purchasing power coupled with low-interest rates has led to an increase in building projects in Indonesia. Furthermore, increasing investments in the construction of new commercial spaces are likely to spur market growth shortly.

Expanding construction industry to spur wooden shelves demand

A significant development in the real estate and commercial construction due to a positive economic outlook accompanied by gradual shifting of preference toward high-end imported furniture would stimulate the wooden furniture market demand. Rising investments in the hospitality industry are expected to propel business expansion. Increasing import and export of luxurious and comfortable wooden shelves due to increasing consumer spending and changing lifestyles are fueling the demand for upholstered wooden shelves. An upsurge in the reupholstering trend of wooden shelves is gaining popularity among consumers due to factors such as superior quality, easy customization, cost-efficiency, and increased environmental awareness. Additionally, the extension of shelves life, enhancement of the color appearance, and improvement of the comfort level would further impel the Indonesia wooden shelves market growth.

Growing deforestation leading to global warming has spurred the demand for wooden shelves market

Growing deforestation leading to global warming has spurred the demand for efficient timber utilization, in turn driving Indonesia’s wooden shelves market. Technological advancements and increased efficiency in the manufacturing of wooden shelves is expected to bolster the demand for wooden shelves market. 

Indonesia Wooden Shelves Market: Country insights

Indonesia is the largest producer and consumer for wood-based panels on account of population growth, which demands high investments in the construction. A rise in packaging applications is supporting the demand for the products owing to increasing industrial exports from the country. The construction sector in the country has been growing rapidly, with increased investment by the government. The factors driving the building and construction industry are the ever-increasing populations, rapid urbanization, as well as the rise in purchasing power. As a result of the aforementioned factors, investments in infrastructure are being made and are included in plans. Thus, the increasing investments in construction activity are responsible for the technological advancements in Indonesia’s wooden shelves market. Growing demand for wooden shelves in Indonesia is further boosting the industry growth.

The leading players”in Indonesia wooden shelves market includes PT. TanjungKreasi Parquet Industry, Kayu Lima Sentosa, PT. SAS Kreasindo Utama, PT. Zenith Pratama Indah, PT. Indonesia Hijau Sarana, PT bali furniture hunter, PT UbinKayu Indonesia, CV. FABILFAT GROUP, PT. Sentra Utama Palletindo, PT Rama Gombong Sejahtera, PT AMINDO WANA PERSADA, CV. KayubagusInternasional, Sahabat Utama Industri, PT, CV. Jonathan Citra Mandiri, International Timber Trade & Industries, Albasindo Wood Products, Alengga Furniture, Satya Graha Timber, PT. Kayu Lapis Asli Murni, Inti Panelindo, IDUS, RHEUS, PT Dharma Satya Nusantara Tbk and PT. Samawood Utama Works Industries, and others. 

Don’t miss the business opportunity of the Indonesia wooden shelves market. Consult our analysts, gain crucial insights, and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Indonesia wooden shelves market size & forecast. The report promises to provide recent technology trends of Indonesia’s wooden shelves market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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