Global Luxury Furniture Market Size, Trends, & Growth Opportunity by Material (Leather, Glass, Wood, Plastic, Metal, and Others), By end use (domestic use (living & bedroom), outdoor lighting, kitchen, and bathroom), by region, and forecast till 2027.
Global Luxury Furniture Market
The global luxury furniture market was valued at USD 28567 million in 2021 which is expected to reach USD 33567 million by 2027, at a CAGR of 5.1% from 2022-2027.
Increases in hospitality and infrastructure in developing nations are likely to drive the global luxury furniture market throughout the forecast period. The increasing use of luxury furniture in kitchens, bedrooms, living rooms, offices, and corporations will have an impact on market growth.
Market Drivers
The increased usage of online retailing methods is predicted to drive the growth of the global luxury furniture industry. Furthermore, a surge in demand for eco-friendly luxury furniture will boost market growth. Furthermore, increased urbanisation and globalisation are likely to drive market expansion. Changes in lifestyle, as well as an increase in disposable income, will also fuel market expansion throughout this projection period. Significant expansion in the real estate industry will enhance demand for luxury furnishings, propelling market growth in the near future.
Market Restraints
However, the global luxury furniture industry is likely to be hampered by a scarcity of experienced personnel in the luxury furniture sector and a rise in raw material prices.
Market Segmentation
The global luxury furniture market is segmented by material, such as leather, glass, wood, plastic, metal, and others. Further, the market is segmented into end uses such as domestic use (living & bedroom, outdoor lighting, kitchen, and bathroom), and commercial (hospitality, office, and others).
Regional Analysis Also, the global luxury furniture market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Europe dominated the high-end furniture market. Many major luxury furniture firms in Europe have developed their own online platforms and are cooperating with e-commerce retailers to improve their distribution networks. These factors are propelling market growth in this area.
Market Key Players
Various key players are discussed in this report, such as Turri S.r.l., Henredon Furniture Industries Inc., Nella Vetrina, Iola Furniture Ltd., Laura Ashley, Scavolini, Giovanni Visentin, Valderamobili, Muebles Pico, and Duresta Upholstery Ltd.
Market Taxonomy
By Material
- Leather
- Glass
- Wood
- Plastic
- Metal
- Others
- Domestic Use
- Living & Bedroom
- Outdoor
- Lighting
- Kitchen
- Bathroom
- Commercial Use
- Hospitality
- Office
- Others
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Luxury Furniture Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Luxury Furniture Market, By Material
- 5.1 Y-o-Y Growth Comparison, By Material
- 5.2 Global Luxury Furniture Market Share Analysis, By Material
- 5.3 Global Luxury Furniture Market Size and Forecast, By Material
- 5.3.1 Leather
- 5.3.2 Glass
- 5.3.3 Wood
- 5.3.4 Plastic
- 5.3.5Metal
- 5.3.6Others
- 6 Global Luxury Furniture Market, By End use
- 6.1 Y-o-Y Growth Comparison, By End use
- 6.2 Global Luxury Furniture Market Share Analysis, By End use
- 6.3 Global Luxury Furniture Market Size and Forecast, By End use
- 6.3.1 Domestic Use
- 6.3.1.1Living & Bedroom
- 6.3.1.2Outdoor
- 6.3.1.3Lighting
- 6.3.1.4Kitchen
- 6.3.1.5Bathroom
- 6.3.2Commercial Use
- 6.3.2.1Hospitality
- 6.3.2.2 Office
- 6.3.2.3Others
- 7Global Luxury Furniture Market, By Region
- 7.1 Global Luxury Furniture Market Share Analysis, By Region
- 7.2 Global Luxury Furniture Market Share Analysis, By Region
- 7.3 Global Luxury Furniture Market Size and Forecast, By Region
- 8North America Luxury Furniture Market Analysis and Forecast (2022-2027)
- 8.1 Introduction
- 8.2 North America Luxury Furniture Market Share Analysis, By Material
- 8.3 North America Luxury Furniture Market Size and Forecast, By End use
- 8.4 North America Luxury Furniture Market Size and Forecast, By Country
- 8.4.1 U.S.
- 8.4.2 Canada
- 8.4.3 Mexico
- 9Europe Luxury Furniture Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 Europe Luxury Furniture Market Share Analysis, By Material
- 9.3 Europe Luxury Furniture Market Size and Forecast, By End use
- 9.4 Europe Luxury Furniture Market Size and Forecast, By Country
- 9.4.1 Germany
- 9.4.2 France
- 9.4.3 UK
- 9.4.4. Rest of Europe
- 10Asia Pacific Luxury Furniture Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Asia Pacific Luxury Furniture Market Share Analysis, By Material
- 10.3 Asia Pacific Luxury Furniture Market Size and Forecast, By End use
- 10.4 Asia Pacific Luxury Furniture Market Size and Forecast, By Country
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4. Rest of Asia Pacific
- 11Latin America Luxury Furniture Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Latin America Luxury Furniture Market Share Analysis, By Material
- 11.3 Latin America Luxury Furniture Market Size and Forecast, By End use
- 11.4 Latin America Luxury Furniture Market Size and Forecast, By Country
- 12Middle East Luxury Furniture Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Middle East Luxury Furniture Market Share Analysis, By Material
- 12.3 Middle East Luxury Furniture Market Size and Forecast, By End use
- 12.4 Middle East Luxury Furniture Market Size and Forecast, By Country
- 13Competitive Analysis
- 13.1 Competition Dashboard
- 13.2 Market share Analysis of Top Vendors
- 13.3 Key Development Strategies
- 14Company Profiles
- 15.1 Turri S.r.l
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Henredon Furniture Industries Inc
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Nella Vetrina
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Iola Furniture Ltd
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Laura Ashley
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Scavolini
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Giovanni Visentin
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Valderamobili, Muebles Pico
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Duresta Upholstery Ltd
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
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