Trend/theme of the year:
Sustainability and Circular Economy Practices. Sustainability will dominate the industry as manufacturers and consumers alike focus on eco-friendly materials, carbon-neutral production processes, and waste reduction.
Increased adoption of modular and repairable furniture designs to align with circular economy principles.
Smart manufacturing using AI and IoT to enhance efficiency and reduce waste.
Challenge of the year: Navigating supply chain disruptions. Continued unpredictability in the global supply chain – particularly in sourcing timber and other raw materials – due to environmental regulations, geopolitical tensions, and climate change will continue to pose a challenge.
Secondly, managing rising costs of energy and raw materials while maintaining profitability in a price-sensitive market.
Lastly, addressing skills shortages, especially in skilled joinery and advanced machinery operation.
Opportunity of the year: Growth in customised and bespoke solutions. Increasing consumer demand for personalised, bespoke furniture and joinery solutions will create opportunities for companies offering flexible, small-batch production services.
Advanced CNC technology and 3D printing will enable rapid prototyping and customisation, helping businesses cater to this trend efficiently.
Expanding markets in emerging economies where the middle class is growing and looking for high-quality, tailored furniture.
