Luxury Furniture Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Luxury furniture is improving the aesthetic value of home space, hotels, offices, and other commercial places. The new luxury furniture's are offering a wide range of products such as dining sets, loungers, daybeds, chairs, tables, seating sets, and hammocks. Factors such as a rise in consumer spending and traveling trends have resulted in the rising number of tourists across the world. This enhanced the demand for luxurious furniture from commercial places such as hotels, resorts, and tourist guest houses.

MARKET DYNAMICS

The global luxury furniture market is a highly competitive market due to the many international and regional players' presence. The increasing demand for luxury products from the residential sector drives the market growth. Improving lifestyle standards and growing inclination towards the smart home solution is boosting the market growth. The rising disposable income, growing urbanization, demand for smart luxury furniture, and changing lifestyle are key factors propelling the market. However, fluctuation in raw material price is acting as a challenging factor for the market players. The increasing demand from e-commerce platforms and rising demand in Asian countries create ample opportunities for market growth.

MARKET SCOPE

The "Global Luxury furniture Market Analysis to 2031" is a specialized and in-depth study of the luxury furniture market with a special focus on the global market trend analysis. The report aims to provide an overview of Luxury furniture market with detailed market segmentation by type, material, and end use. The global luxury furniture market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Luxury furniture market player and offers key trends and opportunities in the Luxury furniture market. Rising living standards and inclination towards leisure and sports activities are accelerating the market growth in developed and developing nations.
type (tables, chairs, sofas and lounges, kitchen, lighting, beds, and others), material (metal, plastic, wood, others), end use (residential and commercial)

MARKET SEGMENTATION

The global luxury furniture market is segmented based on type, material, end use, and geography. Based on type, luxury furniture market is segmented as tables, chairs, sofas and lounges, kitchen, lighting, beds, and others. Based on material, luxury furniture market is segmented as metal, plastic, wood, and others. In terms of end use, luxury furniture market is segmented as residential and commercial.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global luxury furniture market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The luxury furniture market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Luxury furniture market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the luxury furniture market in these regions.

MARKET PLAYERS

The reports cover key developments in the luxury furniture market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from luxury furniture market are anticipated to lucrative growth opportunities in the future with the rising demand for luxury furniture market. Below mentioned is the list of few companies engaged in the luxury furniture market.

The report also includes the profiles of key luxury furniture market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   BOCA DO LOBO
•   CASSINA
•   Duresta
•   GIOVANNI VISENTIN srl
•   Grayson Luxury
•   Iola
•   LUXDECO
•   MUEBLE DE ESPAA
•   Scavolini S.p.a.
•   VALDERAMOBILI s.r.l.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Luxury Furniture Report Scope