Global Luxury Furniture Market Size, Share & Trends Analysis Report By Distribution Channel (Offline, and Online), By Materials (Wood, Metal, Leathers, Glass, Plastic, and Others), By End User, By Regional Outlook and Forecast, 2024 - 2031

Global Luxury Furniture Market Size, Share & Trends Analysis Report By Distribution Channel (Offline, and Online), By Materials (Wood, Metal, Leathers, Glass, Plastic, and Others), By End User, By Regional Outlook and Forecast, 2024 - 2031


The Global Luxury Furniture Market size is expected to reach $34.5 billion by 2031, rising at a market growth of 5.4% CAGR during the forecast period.

Hospitality's primary goal is to provide guests with a memorable and enjoyable experience. This furniture plays a crucial role in achieving this by ensuring comfort, beauty, and an aura of exclusivity. Consequently, the hospitality segment would acquire nearly 46.1% of the total market share in commercial segment by 2031. High-quality, aesthetically pleasing furniture can significantly elevate a guest’s perception of a hotel or resort, impacting their overall satisfaction and likelihood to return or recommending the establishment.

Consumers today view their living spaces as extensions of their identity and lifestyle. There is a growing desire to customize spaces to reflect personal tastes, achievements, and experiences. Furthermore, platforms like Instagram, Pinterest, and Houzz have heightened consumer awareness and interest in interior design. Users regularly share and consume home aesthetics content, inspiring others to invest in their living environments. Hence, the rising importance of home décor and aesthetics drives the market's growth. Additionally, as more high-end residential properties are developed, there is a corresponding increase in demand for this furniture to outfit these spaces. Similarly, corporate offices, particularly those in high-end professional services, invest in this furniture to create impressive business environments that reflect their brand image and ethos. Therefore, real estate and hospitality growth is propelling the market's growth.

However, this furniture is distinguished by its use of high-quality materials, such as premium wood, fine leather, and exotic textiles. In addition, creating unique and innovative furniture designs involves considerable investment in research and development. In conclusion, the high production cost is hindering the market's growth.

Distribution Channel Outlook

Based on distribution channel, the market is segmented into offline and online. The online segment attained 30.8% revenue share in the market in 2023. Online platforms enable the furniture brands to reach a global audience beyond their physical store locations. This accessibility allows them to tap into new markets and target affluent consumers who may not have access to local showrooms.

Materials Outlook

Based on materials, the market is divided into metal, wood, plastic, glass, leathers, and others. The metal segment acquired 18.9% revenue share in the market in 2023. Metal finishes, such as stainless steel, brass, and gold, contribute to a contemporary and sleek aesthetic that appeals to modern interior design trends. They add a sense of sophistication and elegance to the furniture pieces.

End User Outlook

By end user, the market is segmented into residential and commercial. The commercial segment procured 38.3% revenue share in the market in 2023. For businesses, the aesthetic appeal of their office space directly reflects their brand’s prestige and professionalism. This furniture in offices, lobbies, and meeting rooms enhances the corporate image and can make a strong impression on clients, partners, and investors.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 37.9% revenue share in the market in 2023. North America, particularly the United States and Canada, boasts a large population with high disposable income levels. This affluence enables more consumers to invest in luxury items, including high-end furniture, to enhance their living environments and express personal style.

List of Key Companies Profiled
  • Ashley Furniture Industries, LLC
  • Lee Industries, Inc. (American Leather Holdings LLC)
  • Maiden Home, Inc.
  • Williams-Sonoma, Inc.
  • Kimball International, Inc.
  • Century Furniture LLC (RHF Investments, Inc.)
  • Duresta Upholstery Limited
  • Giovanni Visentin S.r.l.
  • Scavolini S.p.A.
  • Muebles Pico S.A.
Global Luxury Furniture Market Report Segmentation

By Distribution Channel
  • Offline
  • Online
By Materials
  • Wood
  • Metal
  • Leathers
  • Glass
  • Plastic
  • Others
By End User
  • Residential
  • Living & Bedroom
  • Kitchen
  • Outdoor
  • Lighting
  • Bathroom
  • Commercial
  • Hospitality
  • Office
  • Others
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Luxury Furniture Market, by Distribution Channel
1.4.2 Global Luxury Furniture Market, by Materials
1.4.3 Global Luxury Furniture Market, by End User
1.4.4 Global Luxury Furniture Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Luxury Furniture Market by Distribution Channel
4.1 Global Offline Market by Region
4.2 Global Online Market by Region
Chapter 5. Global Luxury Furniture Market by Materials
5.1 Global Wood Market by Region
5.2 Global Metal Market by Region
5.3 Global Leathers Market by Region
5.4 Global Glass Market by Region
5.5 Global Plastic Market by Region
5.6 Global Others Market by Region
Chapter 6. Global Luxury Furniture Market by End User
6.1 Global Residential Market by Region
6.2 Global Luxury Furniture Market by Residential Type
6.2.1 Global Living & Bedroom Market by Region
6.2.2 Global Kitchen Market by Region
6.2.3 Global Outdoor Market by Region
6.2.4 Global Lighting Market by Region
6.2.5 Global Bathroom Market by Region
6.3 Global Commercial Market by Region
6.4 Global Luxury Furniture Market by Commercial Type
6.4.1 Global Hospitality Market by Region
6.4.2 Global Office Market by Region
6.4.3 Global Others Market by Region
Chapter 7. Global Luxury Furniture Market by Region
7.1 North America Luxury Furniture Market
7.1.1 North America Luxury Furniture Market by Distribution Channel
7.1.1.1 North America Offline Market by Region
7.1.1.2 North America Online Market by Region
7.1.2 North America Luxury Furniture Market by Materials
7.1.2.1 North America Wood Market by Country
7.1.2.2 North America Metal Market by Country
7.1.2.3 North America Leathers Market by Country
7.1.2.4 North America Glass Market by Country
7.1.2.5 North America Plastic Market by Country
7.1.2.6 North America Others Market by Country
7.1.3 North America Luxury Furniture Market by End User
7.1.3.1 North America Residential Market by Country
7.1.3.2 North America Luxury Furniture Market by Residential Type
7.1.3.2.1 North America Living & Bedroom Market by Country
7.1.3.2.2 North America Kitchen Market by Country
7.1.3.2.3 North America Outdoor Market by Country
7.1.3.2.4 North America Lighting Market by Country
7.1.3.2.5 North America Bathroom Market by Country
7.1.3.3 North America Commercial Market by Country
7.1.3.4 North America Luxury Furniture Market by Commercial Type
7.1.3.4.1 North America Hospitality Market by Country
7.1.3.4.2 North America Office Market by Country
7.1.3.4.3 North America Others Market by Country
7.1.4 North America Luxury Furniture Market by Country
7.1.4.1 US Luxury Furniture Market
7.1.4.1.1 US Luxury Furniture Market by Distribution Channel
7.1.4.1.2 US Luxury Furniture Market by Materials
7.1.4.1.3 US Luxury Furniture Market by End User
7.1.4.1.3.1 US Luxury Furniture Market by Residential Type
7.1.4.1.3.2 US Luxury Furniture Market by Commercial Type
7.1.4.2 Canada Luxury Furniture Market
7.1.4.2.1 Canada Luxury Furniture Market by Distribution Channel
7.1.4.2.2 Canada Luxury Furniture Market by Materials
7.1.4.2.3 Canada Luxury Furniture Market by End User
7.1.4.2.3.1 Canada Luxury Furniture Market by Residential Type
7.1.4.2.3.2 Canada Luxury Furniture Market by Commercial Type
7.1.4.3 Mexico Luxury Furniture Market
7.1.4.3.1 Mexico Luxury Furniture Market by Distribution Channel
7.1.4.3.2 Mexico Luxury Furniture Market by Materials
7.1.4.3.3 Mexico Luxury Furniture Market by End User
7.1.4.3.3.1 Mexico Luxury Furniture Market by Residential Type
7.1.4.3.3.2 Mexico Luxury Furniture Market by Commercial Type
7.1.4.4 Rest of North America Luxury Furniture Market
7.1.4.4.1 Rest of North America Luxury Furniture Market by Distribution Channel
7.1.4.4.2 Rest of North America Luxury Furniture Market by Materials
7.1.4.4.3 Rest of North America Luxury Furniture Market by End User
7.1.4.4.3.1 Rest of North America Luxury Furniture Market by Residential Type
7.1.4.4.3.2 Rest of North America Luxury Furniture Market by Commercial Type
7.2 Europe Luxury Furniture Market
7.2.1 Europe Luxury Furniture Market by Distribution Channel
7.2.1.1 Europe Offline Market by Country
7.2.1.2 Europe Online Market by Country
7.2.2 Europe Luxury Furniture Market by Materials
7.2.2.1 Europe Wood Market by Country
7.2.2.2 Europe Metal Market by Country
7.2.2.3 Europe Leathers Market by Country
7.2.2.4 Europe Glass Market by Country
7.2.2.5 Europe Plastic Market by Country
7.2.2.6 Europe Others Market by Country
7.2.3 Europe Luxury Furniture Market by End User
7.2.3.1 Europe Residential Market by Country
7.2.3.2 Europe Luxury Furniture Market by Residential Type
7.2.3.2.1 Europe Living & Bedroom Market by Country
7.2.3.2.2 Europe Kitchen Market by Country
7.2.3.2.3 Europe Outdoor Market by Country
7.2.3.2.4 Europe Lighting Market by Country
7.2.3.2.5 Europe Bathroom Market by Country
7.2.3.3 Europe Commercial Market by Country
7.2.3.4 Europe Luxury Furniture Market by Commercial Type
7.2.3.4.1 Europe Hospitality Market by Country
7.2.3.4.2 Europe Office Market by Country
7.2.3.4.3 Europe Others Market by Country
7.2.4 Europe Luxury Furniture Market by Country
7.2.4.1 Germany Luxury Furniture Market
7.2.4.1.1 Germany Luxury Furniture Market by Distribution Channel
7.2.4.1.2 Germany Luxury Furniture Market by Materials
7.2.4.1.3 Germany Luxury Furniture Market by End User
7.2.4.1.3.1 Germany Luxury Furniture Market by Residential Type
7.2.4.1.3.2 Germany Luxury Furniture Market by Commercial Type
7.2.4.2 UK Luxury Furniture Market
7.2.4.2.1 UK Luxury Furniture Market by Distribution Channel
7.2.4.2.2 UK Luxury Furniture Market by Materials
7.2.4.2.3 UK Luxury Furniture Market by End User
7.2.4.2.3.1 UK Luxury Furniture Market by Residential Type
7.2.4.2.3.2 UK Luxury Furniture Market by Commercial Type
7.2.4.3 France Luxury Furniture Market
7.2.4.3.1 France Luxury Furniture Market by Distribution Channel
7.2.4.3.2 France Luxury Furniture Market by Materials
7.2.4.3.3 France Luxury Furniture Market by End User
7.2.4.3.3.1 France Luxury Furniture Market by Residential Type
7.2.4.3.3.2 France Luxury Furniture Market by Commercial Type
7.2.4.4 Russia Luxury Furniture Market
7.2.4.4.1 Russia Luxury Furniture Market by Distribution Channel
7.2.4.4.2 Russia Luxury Furniture Market by Materials
7.2.4.4.3 Russia Luxury Furniture Market by End User
7.2.4.4.3.1 Russia Luxury Furniture Market by Residential Type
7.2.4.4.3.2 Russia Luxury Furniture Market by Commercial Type
7.2.4.5 Spain Luxury Furniture Market
7.2.4.5.1 Spain Luxury Furniture Market by Distribution Channel
7.2.4.5.2 Spain Luxury Furniture Market by Materials
7.2.4.5.3 Spain Luxury Furniture Market by End User
7.2.4.5.3.1 Spain Luxury Furniture Market by Residential Type
7.2.4.5.3.2 Spain Luxury Furniture Market by Commercial Type
7.2.4.6 Italy Luxury Furniture Market
7.2.4.6.1 Italy Luxury Furniture Market by Distribution Channel
7.2.4.6.2 Italy Luxury Furniture Market by Materials
7.2.4.6.3 Italy Luxury Furniture Market by End User
7.2.4.6.3.1 Italy Luxury Furniture Market by Residential Type
7.2.4.6.3.2 Italy Luxury Furniture Market by Commercial Type
7.2.4.7 Rest of Europe Luxury Furniture Market
7.2.4.7.1 Rest of Europe Luxury Furniture Market by Distribution Channel
7.2.4.7.2 Rest of Europe Luxury Furniture Market by Materials
7.2.4.7.3 Rest of Europe Luxury Furniture Market by End User
7.2.4.7.3.1 Rest of Europe Luxury Furniture Market by Residential Type
7.2.4.7.3.2 Rest of Europe Luxury Furniture Market by Commercial Type
7.3 Asia Pacific Luxury Furniture Market
7.3.1 Asia Pacific Luxury Furniture Market by Distribution Channel
7.3.1.1 Asia Pacific Offline Market by Country
7.3.1.2 Asia Pacific Online Market by Country
7.3.2 Asia Pacific Luxury Furniture Market by Materials
7.3.2.1 Asia Pacific Wood Market by Country
7.3.2.2 Asia Pacific Metal Market by Country
7.3.2.3 Asia Pacific Leathers Market by Country
7.3.2.4 Asia Pacific Glass Market by Country
7.3.2.5 Asia Pacific Plastic Market by Country
7.3.2.6 Asia Pacific Others Market by Country
7.3.3 Asia Pacific Luxury Furniture Market by End User
7.3.3.1 Asia Pacific Residential Market by Country
7.3.3.2 Asia Pacific Luxury Furniture Market by Residential Type
7.3.3.2.1 Asia Pacific Living & Bedroom Market by Country
7.3.3.2.2 Asia Pacific Kitchen Market by Country
7.3.3.2.3 Asia Pacific Outdoor Market by Country
7.3.3.2.4 Asia Pacific Lighting Market by Country
7.3.3.2.5 Asia Pacific Bathroom Market by Country
7.3.3.3 Asia Pacific Commercial Market by Country
7.3.3.4 Asia Pacific Luxury Furniture Market by Commercial Type
7.3.3.4.1 Asia Pacific Hospitality Market by Country
7.3.3.4.2 Asia Pacific Office Market by Country
7.3.3.4.3 Asia Pacific Others Market by Country
7.3.4 Asia Pacific Luxury Furniture Market by Country
7.3.4.1 China Luxury Furniture Market
7.3.4.1.1 China Luxury Furniture Market by Distribution Channel
7.3.4.1.2 China Luxury Furniture Market by Materials
7.3.4.1.3 China Luxury Furniture Market by End User
7.3.4.1.3.1 China Luxury Furniture Market by Residential Type
7.3.4.1.3.2 China Luxury Furniture Market by Commercial Type
7.3.4.2 Japan Luxury Furniture Market
7.3.4.2.1 Japan Luxury Furniture Market by Distribution Channel
7.3.4.2.2 Japan Luxury Furniture Market by Materials
7.3.4.2.3 Japan Luxury Furniture Market by End User
7.3.4.2.3.1 Japan Luxury Furniture Market by Residential Type
7.3.4.2.3.2 Japan Luxury Furniture Market by Commercial Type
7.3.4.3 India Luxury Furniture Market
7.3.4.3.1 India Luxury Furniture Market by Distribution Channel
7.3.4.3.2 India Luxury Furniture Market by Materials
7.3.4.3.3 India Luxury Furniture Market by End User
7.3.4.3.3.1 India Luxury Furniture Market by Residential Type
7.3.4.3.3.2 India Luxury Furniture Market by Commercial Type
7.3.4.4 South Korea Luxury Furniture Market
7.3.4.4.1 South Korea Luxury Furniture Market by Distribution Channel
7.3.4.4.2 South Korea Luxury Furniture Market by Materials
7.3.4.4.3 South Korea Luxury Furniture Market by End User
7.3.4.4.3.1 South Korea Luxury Furniture Market by Residential Type
7.3.4.4.3.2 South Korea Luxury Furniture Market by Commercial Type
7.3.4.5 Australia Luxury Furniture Market
7.3.4.5.1 Australia Luxury Furniture Market by Distribution Channel
7.3.4.5.2 Australia Luxury Furniture Market by Materials
7.3.4.5.3 Australia Luxury Furniture Market by End User
7.3.4.5.3.1 Australia Luxury Furniture Market by Residential Type
7.3.4.5.3.2 Australia Luxury Furniture Market by Commercial Type
7.3.4.6 Malaysia Luxury Furniture Market
7.3.4.6.1 Malaysia Luxury Furniture Market by Distribution Channel
7.3.4.6.2 Malaysia Luxury Furniture Market by Materials
7.3.4.6.3 Malaysia Luxury Furniture Market by End User
7.3.4.6.3.1 Malaysia Luxury Furniture Market by Residential Type
7.3.4.6.3.2 Malaysia Luxury Furniture Market by Commercial Type
7.3.4.7 Rest of Asia Pacific Luxury Furniture Market
7.3.4.7.1 Rest of Asia Pacific Luxury Furniture Market by Distribution Channel
7.3.4.7.2 Rest of Asia Pacific Luxury Furniture Market by Materials
7.3.4.7.3 Rest of Asia Pacific Luxury Furniture Market by End User
7.3.4.7.3.1 Rest of Asia Pacific Luxury Furniture Market by Residential Type
7.3.4.7.3.2 Rest of Asia Pacific Luxury Furniture Market by Commercial Type
7.4 LAMEA Luxury Furniture Market
7.4.1 LAMEA Luxury Furniture Market by Distribution Channel
7.4.1.1 LAMEA Offline Market by Country
7.4.1.2 LAMEA Online Market by Country
7.4.2 LAMEA Luxury Furniture Market by Materials
7.4.2.1 LAMEA Wood Market by Country
7.4.2.2 LAMEA Metal Market by Country
7.4.2.3 LAMEA Leathers Market by Country
7.4.2.4 LAMEA Glass Market by Country
7.4.2.5 LAMEA Plastic Market by Country
7.4.2.6 LAMEA Others Market by Country
7.4.3 LAMEA Luxury Furniture Market by End User
7.4.3.1 LAMEA Residential Market by Country
7.4.3.2 LAMEA Luxury Furniture Market by Residential Type
7.4.3.2.1 LAMEA Living & Bedroom Market by Country
7.4.3.2.2 LAMEA Kitchen Market by Country
7.4.3.2.3 LAMEA Outdoor Market by Country
7.4.3.2.4 LAMEA Lighting Market by Country
7.4.3.2.5 LAMEA Bathroom Market by Country
7.4.3.3 LAMEA Commercial Market by Country
7.4.3.4 LAMEA Luxury Furniture Market by Commercial Type
7.4.3.4.1 LAMEA Hospitality Market by Country
7.4.3.4.2 LAMEA Office Market by Country
7.4.3.4.3 LAMEA Others Market by Country
7.4.4 LAMEA Luxury Furniture Market by Country
7.4.4.1 Brazil Luxury Furniture Market
7.4.4.1.1 Brazil Luxury Furniture Market by Distribution Channel
7.4.4.1.2 Brazil Luxury Furniture Market by Materials
7.4.4.1.3 Brazil Luxury Furniture Market by End User
7.4.4.1.3.1 Brazil Luxury Furniture Market by Residential Type
7.4.4.1.3.2 Brazil Luxury Furniture Market by Commercial Type
7.4.4.2 Argentina Luxury Furniture Market
7.4.4.2.1 Argentina Luxury Furniture Market by Distribution Channel
7.4.4.2.2 Argentina Luxury Furniture Market by Materials
7.4.4.2.3 Argentina Luxury Furniture Market by End User
7.4.4.2.3.1 Argentina Luxury Furniture Market by Residential Type
7.4.4.2.3.2 Argentina Luxury Furniture Market by Commercial Type
7.4.4.3 UAE Luxury Furniture Market
7.4.4.3.1 UAE Luxury Furniture Market by Distribution Channel
7.4.4.3.2 UAE Luxury Furniture Market by Materials
7.4.4.3.3 UAE Luxury Furniture Market by End User
7.4.4.3.3.1 UAE Luxury Furniture Market by Residential Type
7.4.4.3.3.2 UAE Luxury Furniture Market by Commercial Type
7.4.4.4 Saudi Arabia Luxury Furniture Market
7.4.4.4.1 Saudi Arabia Luxury Furniture Market by Distribution Channel
7.4.4.4.2 Saudi Arabia Luxury Furniture Market by Materials
7.4.4.4.3 Saudi Arabia Luxury Furniture Market by End User
7.4.4.4.3.1 Saudi Arabia Luxury Furniture Market by Residential Type
7.4.4.4.3.2 Saudi Arabia Luxury Furniture Market by Commercial Type
7.4.4.5 South Africa Luxury Furniture Market
7.4.4.5.1 South Africa Luxury Furniture Market by Distribution Channel
7.4.4.5.2 South Africa Luxury Furniture Market by Materials
7.4.4.5.3 South Africa Luxury Furniture Market by End User
7.4.4.5.3.1 South Africa Luxury Furniture Market by Residential Type
7.4.4.5.3.2 South Africa Luxury Furniture Market by Commercial Type
7.4.4.6 Nigeria Luxury Furniture Market
7.4.4.6.1 Nigeria Luxury Furniture Market by Distribution Channel
7.4.4.6.2 Nigeria Luxury Furniture Market by Materials
7.4.4.6.3 Nigeria Luxury Furniture Market by End User
7.4.4.6.3.1 Nigeria Luxury Furniture Market by Residential Type
7.4.4.6.3.2 Nigeria Luxury Furniture Market by Commercial Type
7.4.4.7 Rest of LAMEA Luxury Furniture Market
7.4.4.7.1 Rest of LAMEA Luxury Furniture Market by Distribution Channel
7.4.4.7.2 Rest of LAMEA Luxury Furniture Market by Materials
7.4.4.7.3 Rest of LAMEA Luxury Furniture Market by End User
7.4.4.7.3.1 Rest of LAMEA Luxury Furniture Market by Residential Type
7.4.4.7.3.2 Rest of LAMEA Luxury Furniture Market by Commercial Type
Chapter 8. Company Profiles
8.1 Ashley Furniture Industries, LLC
8.1.1 Company Overview
8.1.2 SWOT Analysis
8.2 Lee Industries, Inc. (American Leather Holdings LLC)
8.2.1 Company Overview
8.2.2 SWOT Analysis
8.3 Maiden Home, Inc.
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 Williams-Sonoma, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental Analysis
8.4.4 SWOT Analysis
8.5 Kimball International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 Century Furniture LLC (RHF Investments, Inc.)
8.6.1 Company Overview
8.6.2 SWOT Analysis
8.7 Duresta Upholstery Limited
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.8 Giovanni Visentin s.r.l.
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 Scavolini S.p.A.
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Muebles Pico S.A.
8.10.1 Company Overview
8.10.2 SWOT Analysis
Chapter 9. Winning Imperatives of Luxury Furniture Market

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