DUBLIN–(BUSINESS WIRE)–The “Luxury
Furniture Market: Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s
According to the report, the global luxury furniture market reached a
value of around US$ 25 Billion in 2018. Looking forward, the market
value is projected to reach a value of US$ 31 Billion by 2024, expanding
at a CAGR of 3.8% during 2019-2024.
This report provides a deep insight into the global luxury furniture
market covering all its essential aspects. This ranges from macro
overview of the market to micro details of the industry performance,
recent trends, key market drivers and challenges, SWOT analysis,
Porter’s five forces analysis, value chain analysis, etc.
The changing lifestyles and constantly improving living standards of the
people in urbanised regions are increasingly adopting luxury furniture.
Moreover, manufacturers are coming up with striking new designs of
furniture and collaborating with interior designers to increase their
visibility to capture a wider customer base.
The significant growth in the real estate sector is continuously
influencing the demand for luxury furniture across both the residential
and commercial sectors. In addition to this, the increasing penetration
of online retailing and growing population, particularly in the
developing nations, are fostering the growth of the luxury furniture
Further, the rising disposable incomes have inclined the consumers
towards purchasing luxury items which act as a status symbol and add
value to a space, catalysing the global luxury furniture market.
Some of the other factors spurring the market growth are growing
preference for branding and positioning, accelerating demand for
eco-friendly luxury furniture, rising impact of globalisation, the low
operational cost and expanding infrastructure investments.
Based on the raw material, wood accounts for the largest market share,
followed by metal. Other popular raw materials include glass, leather
On the basis of application, the market has been segregated into
domestic and commercial sectors, wherein the domestic sector currently
represents the largest segment, holding the majority of the total
market. The domestic sector is further segmented as living room and
bedroom, kitchen, bathroom, outdoor and lighting. Whereas, the
commercial sector is categorised as office, hospitality and others.
On the basis of distribution channel, the market has been further
categorised into departmental stores, online stores, independent
furniture retailer, factory outlets and others.
Region-wise, the market has been segmented into North America, Asia
Pacific, Europe, Middle East and Africa, and Latin America. Amongst
these, Europe is the leading market, accounting for the majority of the
global market, followed by North America and Asia Pacific.
Key Questions Answered
How has the global luxury furniture market performed so far and how
will it perform in the coming years?
- What are the key regions in the global luxury furniture market?
What are the key application segments in the global luxury furniture
- What are the major raw materials in the global luxury furniture market?
What are the key distribution channels in the global luxury furniture
What are the various stages in the value chain of the global luxury
What are the key driving factors and challenges in the global luxury
What is the structure of the global luxury furniture industry and who
are the key players?
What is the degree of competition in the global luxury furniture
- How is luxury furniture manufactured?
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Luxury Furniture Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Raw Material
5.4 Market Breakup by Application
5.5 Market Breakup by Distribution Channel
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.9 Value Chain Analysis
5.10 Porters Five Forces Analysis
6 Market Breakup by Raw Material
7 Market Breakup by Application
8 Market Breakup by Distribution Channel
8.1 Departmental Stores
8.2 Online Stores
8.3 Independent Furniture Retailers
8.4 Factory Outlets
9 Market Breakup by Region
9.2 North America
9.3 Asia Pacific
9.4 Middle East and Africa
9.5 Latin America
10 Luxury Furniture Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Giovanni Visentin S.r.l.
11.3.2 Laura Ashley Holdings
11.3.3 Muebles Pico S.A.
11.3.4 Scavolini S.p.A.
11.3.5 HFI Wind Down Inc.
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