Luxury Furniture Market in APAC 2022-2026

Luxury Furniture Market in APAC 2022-2026

Technavio has been monitoring the luxury furniture market in APAC and it is poised to grow by $ 2.00 bn during 2022-2026 progressing at a CAGR of 5.38% during the forecast period. Our report on the luxury furniture market in APAC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing influence of different retailing channels and the rising popularity of multifunctional luxury furniture.

The luxury furniture market in APAC analysis includes distribution channel and application segments.

Technavio's luxury furniture market in APAC is segmented as below:

By Distribution Channel

• Offline
• Online

By Application

• Residential
• Commercial

This study identifies the increasing number of new luxury furniture showroom launchesas one of the prime reasons driving the luxury furniture market growth in APAC during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on luxury furniture market in APAC covers the following areas:

• Luxury furniture market sizing
• Luxury furniture market forecast
• Luxury furniture market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury furniture market vendors in APAC that include DBJ Furniture Ltd., Dynamic Furniture Industries (M) Sdn Bhd, Falcon Inc. PTE Ltd., Inter IKEA Holding BV, Kovacs Design Furniture, McMichael Furniture, Shanghai JL and C Furniture Co. Ltd., VALDERAMOBILI srl, Wegmans Furniture Industries Sdn Bhd, and Wisanka Indonesia. Also, the luxury furniture market in APAC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

DBJ Furniture Ltd., Dynamic Furniture Industries (M) Sdn Bhd, Falcon Inc. PTE Ltd., Inter IKEA Holding BV, Kovacs Design Furniture, McMichael Furniture, Shanghai JL and C Furniture Co. Ltd., VALDERAMOBILI srl, Wegmans Furniture Industries Sdn Bhd, Wisanka Indonesia