According to the latest report by IMARC Group, titled “Luxury Furniture Market Report by Raw Material (Wood, Metal, Glass, Leather, Plastic, Multiple, and Others), Application (Domestic, Commercial), Distribution Channel (Conventional Furniture Stores, Specialty Stores, Online Retailers, and Others), Design (Modern, Contemporary), and Region 2025-2033,” the global luxury furniture market size reached USD 25.5 Billion in 2024. Luxury furniture is crafted with exceptional attention to detail, using top-notch materials and exquisite designs. It consists of a sofa, chair, bed, table, cabinet, chandelier, wardrobe, and dresser. It is associated with elegance, sophistication, and superior craftsmanship, which makes them stand out in terms of aesthetics and functionality. It is commonly made from high-quality materials, such as solid wood, fine leather, premium fabrics, metals like brass or gold accents.
Global Luxury Furniture Market Trends:
There is an increase in the inclination towards premium-quality and aesthetically appealing luxury furniture in residential complexes on account of rapid urbanization and inflating income levels. This, coupled with substantial growth in the construction sector, represents one of the major factors supporting the market growth around the world. Moreover, rising number of nuclear families is driving the sales of foldable and compact luxury furniture that can be easily organized in smaller spaces. In addition, the growing number of commercial establishments, including shopping malls, restaurants, cafes, theaters, stores, airports, offices, and hotels, is influencing the market positively. Apart from this, product manufacturers are increasingly investing in digital marketing campaigns to expand their customer base on account of the rising influence of social media platforms on the purchasing decision of shoppers. Looking forward, the market value is projected to reach USD 36.6 Billion by 2033, expanding at a CAGR of 4.06% during 2025-2033.
Market Summary:
- Based on the raw material, the market has been segmented into wood, metal, glass, leather, plastic, multiple, and others. Presently, wood holds the largest market share.
- On the basis of the application, the market has been bifurcated into domestic (living room and bedroom, kitchen, bathroom, outdoor, and lighting) and commercial (office, hospitality, and others). Domestic currently accounts for the biggest share in the market.
- Based on the distribution channel, the market has been divided into conventional furniture stores, speciality stores, online retailers, and others. At present, speciality stores dominate the market.
- Based on the design, contemporary dominates the market, followed by modern.
- Region-wise, the market has been classified into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, Netherlands, Switzerland, Sweden, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Taiwan, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa (Turkey, Saudi Arabia, the United Arab Emirates, and others). Amongst these, Europe enjoys the leading position in the market.
- The competitive landscape of the market has also been examined, with some of the key players being Duresta Upholstery Ltd, Valderamobili s.r.l., Scavolini Spa, GIOVANNI VISENTIN srl, Nella Vetrina, Muebles Picó S.A., Heritage Home Group LLC, iola Furniture Limited, Turri S.r.l, Grayson Luxury, Williams-Sonoma, Inc., and Cassina S.p.A.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2024 |
Historical Period |
2019-2024 |
Forecast Period |
2025-2033 |
Units |
Billion USD |
Segment Coverage |
Raw Material, Application, Distribution Channel, Design, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, Netherlands, Switzerland, Sweden, China, Japan, India, South Korea, Australia, Taiwan, Brazil, Mexico, Turkey, Saudi Arabia, United Arab Emirates |
Companies Covered |
Duresta Upholstery Ltd, Valderamobili s.r.l., Scavolini Spa, GIOVANNI VISENTIN srl, Nella Vetrina, Muebles Picó S.A., Heritage Home Group LLC, iola Furniture Limited, Turri S.r.l, Grayson Luxury, Williams-Sonoma, Inc. and Cassina S.p.A |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800