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Luxury Furniture Market Growth, Future Prospects & Competitive Analysis, 2016 - 2023


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.      

Global Luxury Furniture Market is segmented on the following bases:

1.   By Material

           i.    Wood

           ii.    Metal

           iii.    Glass

           iv.    Plastic

           v.    Leather

           vi.    Others

2.   By Usage

           i.    Residential

           ii.    Commercial

3.   By Sales Channel

a.    Offline Store

b.    Online Store

4.   By Geography

a.    North America

                i.    U.S.

                ii.    Canada

b.    Europe

                i.    U.K.

                ii.    France

                iii.    Germany

                iv.    Italy

                v.    Russia

                vi.    Rest of Europe

c.    Asia Pacific

                i.    Japan

                ii.    China

                iii.    India

                iv.    Australasia

                v.    Rest of APAC

d.   Rest of World

                i.    Latin America

1.   Brazil

2.   Rest of Latin America

                ii.    Middle-East & Africa

                iii.    Africa

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.

This report offers:

  • An overview of the global Luxury Furniture Market
  • Market trends assessment for the period 2016-2023, with historical information for 2013 & 2014, and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
  • Qualitative assessment tools such as market drivers, challenges and future prospects, and competitive analysis: market positioning of key market players
  • Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the global Luxury Furniture Market

This report includes estimation of market sizes for value. Both, top-down and bottom-up approaches have been used to estimate and validate the size of the Luxury Furniture Market

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