Massive wood slabs have been witnessing increasing market prospect on the back of their role in imparting aesthetics to furniture and wood products, aside from the functionality. The stride made by the lumbering industry has offered a substantial undercurrent to the massive wood slabs market. Large tabletops, giant wood slices, and the like have become key attraction for consumers. The furniture made from massive wood slabs are gaining popularity in meeting the consumer needs of rustic wedding decor, wedding centerpieces, exotic home décor, and DIY supplies.
Higher aesthetics in the massive wood slabs market has come from the practicing chemical-free methods in drying the wood slabs. In general, massive wood slabs are expensive and are becoming a part of elite consumers. The drive for premiumization is lending a large impetus to the expansion of the massive wood slabs market.
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Massive Wood Slabs Market: Competitive Analysis and Key Developments
Companies seeking to consolidate their hold in the lumber industry by offering specialty wood products made from massive wood slabs. Several players in the massive wood slabs market are expanding their in-house capacities, especially in developed economies. They are testing their potential by targeting niche customers by seeing market potential in organic irregularities. Numerous businesses in massive wood slabs market are expected to capitalize on the increasing ‘premiumization’ trend. Prominent players are leveraging their evaluation mechanism to decide the best use of massive wood slabs from hand-selects local trees. Some players are consolidating their market position by selling their products in the making of handmade and vintage items. Focus on expanding their distribution channels will help them a competitive edge over others in the massive wood slabs market.
Some of the promising players in the massive wood slabs market are Herman Furniture, Advantage Lumber, and Everhart Lumber Company.
Massive Wood Slabs Market: Key Trends
Growing demand for exotic furniture is a key trend fueling demand in massive wood slabs market. Strides in the market have come from advances that the cabinetry industry has made in the developing countries of the world. Use of massive wood slabs for renovation projects, both commercial as well as residential, is boosting the massive wood slabs market. Further, rise in demand for furniture for conference rooms in offices in urbanized regions of the world has favored the growth. Moreover, the dizzying range of variety available to woodworkers, interior designers, architects, and home owners in developed nations, such as in Europe and North America, has reinforced the rising revenue potential in the massive wood slabs market.
The rare availability of massive wood slabs made from ebony or tigerwood also imparts a certain degree of premiumization trend for stakeholders in the massive wood slabs market.
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Massive Wood Slabs Market: Regional Analysis
On the regional front, the markets in North America and Western Europe have exhibited the rise in revenue streams over the past few years. The presence of numerous prominent players in this regions has made these remarkably thriving with new opportunities. The presence of some of most prominent specialty lumberyards of the world make these markets replete with new opportunities.
On the other hand, Asia Pacific massive wood slabs market is expected to rise at promising pace over the next few years. Consumers in the region are getting attracted to the high aesthetic value of furniture carved out of massive wood slabs. In coming years, the massive wood slabs market is likely to see lumbering businesses shifting their focus to the region. A promising macroeconomic fundamental is key to expansion of demand for exotic furniture in commercial spaces in the key economies of the region.
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