Product Code: 137141-05-23
Luxury furniture market is expected to grow at a CAGR of 5.1% by 2031. Luxury furniture are comprises of furniture manufactured with the help of high quality materials and refined process. It increases the aesthetic value of commercial as well as residential establishments. The rising disposable income and increasing purchasing power of households has stimulated the demand for luxury furniture all across the globe.
The global luxury furniture market is growing at a fast pace and is anticipated to attain significant growth over the next seven years till 2023. Escalating growth of real estate sector coupled increasing online shopping is expected to foster the growth of luxury furniture market over the period 2016-2023.
At present, Europe region captured the maximum share in revenue of luxury furniture market and is anticipated to dominate over the forecast period. Changing fashion and lifestyle along with rising urban population has strengthened the growth of the region over the past few years. Rising real estate development such as increasing number of residential and commercial buildings especially in India and China is anticipated to expand the growth of Asia Pacific luxury furniture market till 2023.
The global luxury furniture market is mainly concentrated in Europe. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
Key Players Identified Across the Value Chain in the Luxury Furniture Market include but are not limited to:
Giovanni Visentin s.r.l, Henredon Furniture Industries Inc., Duresta Upholstery Ltd, Muebles Pico, Iola Furniture Limited, Laura Ashley Holding Plc, and Nella Vetrina, Valderamobili, Scavolini, Laura Ashley Holding Plc, Turri S.r.l.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Luxury Furniture market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Luxury Furniture market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Material
- Wood
- Metal
- Glass
- Plastic
- Leather
- Others
Usage
Sales Channel
- Offline Store
- Online Store
Region Segment (2021-2031; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Luxury Furniture market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2031.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Luxury Furniture market?
- Which is the largest regional market for Luxury Furniture market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Luxury Furniture market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Luxury Furniture market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Luxury Furniture Market
- 2.2. Global Luxury Furniture Market, By Material, 2022 (US$ Million)
- 2.3. Global Luxury Furniture Market, By Usage, 2022 (US$ Million)
- 2.4. Global Luxury Furniture Market, By Sales Channel, 2022 (US$ Million)
- 2.5. Global Luxury Furniture Market, By Geography, 2022 (US$ Million)
- 2.6. Attractive Investment Proposition by Geography, 2022
3. Luxury Furniture Market: Competitive Analysis
- 3.1. Market Positioning of Key Luxury Furniture Market Vendors
- 3.2. Strategies Adopted by Luxury Furniture Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2022 Versus 2031
4. Luxury Furniture Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Luxury Furniture Market Value, 2021 - 2031, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
5. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2022 Versus 2031
- 5.3. Market Segmentation
- 5.3.1. Wood
- 5.3.2. Metal
- 5.3.3. Glass
- 5.3.4. Plastic
- 5.3.5. Leather
- 5.3.6. Others
6. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2022 Versus 2031
- 6.3. Market Segmentation
- 6.3.1. Residential
- 6.3.2. Commercial
7. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2022 Versus 2031
- 7.3. Market Segmentation
- 7.3.1. Offline Store
- 7.3.2. Online Store
8. North America Luxury Furniture Market, 2021-2031, USD (Million)
- 8.1. Market Overview
- 8.2. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 8.3. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 8.4. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 8.5.Luxury Furniture Market: By Region, 2021-2031, USD (Million)
- 8.5.1.North America
- 8.5.1.1. U.S.
- 8.5.1.1.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 8.5.1.1.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 8.5.1.1.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 8.5.1.2. Canada
- 8.5.1.2.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 8.5.1.2.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 8.5.1.2.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 8.5.1.3. Rest of North America
- 8.5.1.3.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 8.5.1.3.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 8.5.1.3.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
9. UK and European Union Luxury Furniture Market, 2021-2031, USD (Million)
- 9.1. Market Overview
- 9.2. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 9.3. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 9.4. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 9.5.Luxury Furniture Market: By Region, 2021-2031, USD (Million)
- 9.5.1.UK and European Union
- 9.5.1.1. UK
- 9.5.1.1.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 9.5.1.1.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 9.5.1.1.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 9.5.1.2. Germany
- 9.5.1.2.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 9.5.1.2.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 9.5.1.2.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 9.5.1.3. Spain
- 9.5.1.3.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 9.5.1.3.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 9.5.1.3.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 9.5.1.4. Italy
- 9.5.1.4.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 9.5.1.4.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 9.5.1.4.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 9.5.1.5. France
- 9.5.1.5.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 9.5.1.5.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 9.5.1.5.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 9.5.1.6. Rest of Europe
- 9.5.1.6.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 9.5.1.6.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 9.5.1.6.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
10. Asia Pacific Luxury Furniture Market, 2021-2031, USD (Million)
- 10.1. Market Overview
- 10.2. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 10.3. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 10.4. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 10.5.Luxury Furniture Market: By Region, 2021-2031, USD (Million)
- 10.5.1.Asia Pacific
- 10.5.1.1. China
- 10.5.1.1.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 10.5.1.1.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 10.5.1.1.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 10.5.1.2. Japan
- 10.5.1.2.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 10.5.1.2.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 10.5.1.2.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 10.5.1.3. India
- 10.5.1.3.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 10.5.1.3.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 10.5.1.3.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 10.5.1.4. Australia
- 10.5.1.4.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 10.5.1.4.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 10.5.1.4.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 10.5.1.5. South Korea
- 10.5.1.5.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 10.5.1.5.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 10.5.1.5.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 10.5.1.6. Rest of Asia Pacific
- 10.5.1.6.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 10.5.1.6.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 10.5.1.6.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
11. Latin America Luxury Furniture Market, 2021-2031, USD (Million)
- 11.1. Market Overview
- 11.2. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 11.3. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 11.4. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 11.5.Luxury Furniture Market: By Region, 2021-2031, USD (Million)
- 11.5.1.Latin America
- 11.5.1.1. Brazil
- 11.5.1.1.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 11.5.1.1.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 11.5.1.1.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 11.5.1.2. Mexico
- 11.5.1.2.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 11.5.1.2.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 11.5.1.2.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 11.5.1.3. Rest of Latin America
- 11.5.1.3.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 11.5.1.3.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 11.5.1.3.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
12. Middle East and Africa Luxury Furniture Market, 2021-2031, USD (Million)
- 12.1. Market Overview
- 12.2. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 12.3. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 12.4. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 12.5.Luxury Furniture Market: By Region, 2021-2031, USD (Million)
- 12.5.1.Middle East and Africa
- 12.5.1.1. GCC
- 12.5.1.1.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 12.5.1.1.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 12.5.1.1.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 12.5.1.2. Africa
- 12.5.1.2.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 12.5.1.2.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 12.5.1.2.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
- 12.5.1.3. Rest of Middle East and Africa
- 12.5.1.3.1. Luxury Furniture Market: By Material, 2021-2031, USD (Million)
- 12.5.1.3.2. Luxury Furniture Market: By Usage, 2021-2031, USD (Million)
- 12.5.1.3.3. Luxury Furniture Market: By Sales Channel, 2021-2031, USD (Million)
13. Company Profile
- 13.1. Giovanni Visentin s.r.l
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Portfolio
- 13.1.4. Strategic Initiatives
- 13.2. Henredon Furniture Industries Inc.
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Portfolio
- 13.2.4. Strategic Initiatives
- 13.3. Duresta Upholstery Ltd
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Portfolio
- 13.3.4. Strategic Initiatives
- 13.4. Muebles Pico
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Portfolio
- 13.4.4. Strategic Initiatives
- 13.5. Iola Furniture Limited
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Portfolio
- 13.5.4. Strategic Initiatives
- 13.6. Laura Ashley Holding Plc
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Portfolio
- 13.6.4. Strategic Initiatives
- 13.7. Nella Vetrina
- 13.7.1. Company Overview
- 13.7.2. Financial Performance
- 13.7.3. Product Portfolio
- 13.7.4. Strategic Initiatives
- 13.8. Valderamobili
- 13.8.1. Company Overview
- 13.8.2. Financial Performance
- 13.8.3. Product Portfolio
- 13.8.4. Strategic Initiatives
- 13.9. Scavolini
- 13.9.1. Company Overview
- 13.9.2. Financial Performance
- 13.9.3. Product Portfolio
- 13.9.4. Strategic Initiatives
- 13.10. Laura Ashley Holding Plc
- 13.10.1. Company Overview
- 13.10.2. Financial Performance
- 13.10.3. Product Portfolio
- 13.10.4. Strategic Initiatives
- 13.11. Turri S.r.l.
- 13.11.1. Company Overview
- 13.11.2. Financial Performance
- 13.11.3. Product Portfolio
- 13.11.4. Strategic Initiatives