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Press Release:

Global Luxury Furniture Market to Reach US$ 29.6 Billion by 2027, Spurred by Expanding Real Estate Sector

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Luxury Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global luxury furniture market reached a value of US$ 22.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.6 Billion by 2027, exhibiting a CAGR of 4.97% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Luxury furniture refers to movable pieces of furniture made by skilled craftsmen using the best quality material and designed with zero margin for error. It adds to the aesthetic value of the commercial and household establishments, such as hotels, offices, homes and other indoor and outdoor areas. The changing lifestyles and constantly improving living standards of the people in the urbanised regions are increasingly adopting luxury furniture. Moreover, manufacturers are coming up with striking new designs of furniture and collaborating with interior designers to increase their visibility to capture a wider customer base.

 

 
 

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The significant growth in the real estate sector is continuously influencing the demand for luxury furniture across both the residential and commercial sectors. In addition to this, the increasing penetration of online retailing and growing population, particularly in the developing nations, are fostering the growth of the luxury furniture market. Further, the rising disposable incomes have inclined the consumers towards purchasing luxury items which act as a status symbol and add value to a space, catalysing the global luxury furniture market. Some of the other factors spurring the market growth are growing preference for branding and positioning, accelerating demand for eco-friendly luxury furniture, rising impact of globalisation, the low operational cost and expanding infrastructure investments.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global luxury furniture market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on raw mateial, application, distribution channel and design.

Breakup by Raw Material:

 

 
 

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  • Wood
  • Metal
  • Glass
  • Leather 
  • Plastic
  • Multiple 
  • Others
     

Based on the raw material, wood accounts for the largest market share.

Breakup by Application:

  • Domestic
    • Living Room and Bedroom
    • Kitchen
    • Bathroom
    • Outdoor
    • Lighting
  • Commercial
    • Office
    • Hospitality
    • Others
       

On the basis of application, the market has been segregated into domestic and commercial sectors, wherein the domestic sector currently represents the largest segment, holding the majority of the total market. The domestic sector is further segmented as living room mattress and bedroom, kitchen, bathroom, outdoor and lighting. Whereas, the commercial sector is categorised as office, hospitality and others.

Breakup by Distribution Channel:

  • Conventional Furniture Stores
  • Speciality Stores
  • Online Retailers
  • Others
     

On the basis of distribution channel, the market has been further categorised into conventional furniture stores, speciality stores, online retailers, and others.

Breakup by Design:

  • Modern
  • Contemporary


On the basis of design, the market has been categorised into modern and contemporary.

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Taiwan
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Netherlands 
    • Switzerland 
    • Sweden
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • United Arab Emirates
    • Others
       

Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Amongst these, Europe is the leading market, accounting for the majority of the global market.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles 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., Cassina S.p.A.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Raw Mateial, 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
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
5   Key Industry Trends
6   Key Market Drivers and Challenges
7   Global Luxury Furniture Market
    7.1    Market Overview
    7.2    Market Performance
    7.3    Impact of COVID-19
    7.4    Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Europe
        8.2.1 Germany
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 France
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 United Kingdom
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 Italy
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Spain
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Russia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Netherlands 
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
        8.2.8 Switzerland
           8.2.8.1 Market Trends
           8.2.8.2 Market Forecast
        8.2.9 Sweden 
           8.2.9.1 Market Trends
           8.2.9.2 Market Forecast
        8.2.10 Others
           8.2.10.1 Market Trends
           8.2.10.2 Market Forecast
    8.3    Asia Pacific
        8.3.1 China
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 Japan
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 India
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 South Korea
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Australia
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Taiwan
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Turkey
           8.5.1.1 Market Trends
           8.5.1.2 Market Forecast
        8.5.2 Saudi Arabia
           8.5.2.1 Market Trends
           8.5.2.2 Market Forecast
        8.5.3 United Arab Emirates
           8.5.3.1 Market Trends
           8.5.3.2 Market Forecast
        8.5.4 Others
           8.5.4.1 Market Trends
           8.5.4.2 Market Forecast
9   Market Breakup by Raw Material 
    9.1    Wood 
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Metal
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Glass
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Leather
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Plastic 
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Multiple 
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Others 
        9.7.1 Market Trends
        9.7.2 Market Forecast
10  Market Breakup by Application
    10.1    Domestic
        10.1.1    Living Room and Bedroom
           10.1.1.1   Market Trends
           10.1.1.2    Market Forecast
        10.1.2    Kitchen
           10.1.2.1   Market Trends
           10.1.2.2    Market Forecast
        10.1.3    Bathroom
           10.1.3.1   Market Trends
           10.1.3.2    Market Forecast
        10.1.4    Outdoor
           10.1.4.1   Market Trends
           10.1.4.2    Market Forecast
        10.1.5    Lighting
           10.1.5.1   Market Trends
           10.1.5.2    Market Forecast
    10.2    Commercial
        10.2.1    Office
           10.2.1.1    Market Trends
           10.2.1.2    Market Forecast
        10.2.2    Hospitality
           10.2.2.1    Market Trends
           10.2.2.2    Market Forecast
        10.2.3    Others
           10.2.3.1    Market Trends
           10.2.3.2    Market Forecast
11  Market Breakup by Distribution Channel
    11.1    Conventional Furniture Stores
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Speciality Stores
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Online Retailers 
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Others
        11.4.1    Market Trends
        11.4.2    Market Forecast
12  Market Breakup by Design 
    12.1    Modern
        12.1.1    Market Trends
        12.1.2    Market Forecast
    12.2    Contemporary
        12.2.1    Market Trends
        12.2.2    Market Forecast
13  Consumer Mapping
14  Branding and Promotion
15  Value Chain Analysis
16  Porters Five Forces Analysis
    16.1    Overview
    16.2    Bargaining Power of Buyers
    16.3    Bargaining Power of Suppliers
    16.4    Degree of Competition
    16.5    Threat of New Entrants
    16.6    Threat of Substitutes
17  Competitive Landscape
    17.1    Market Structure
    17.2    Key Players
    17.3    Profiles of Key Players
       17.3.1 Duresta Upholstery Ltd
       17.3.2 Valderamobili s.r.l.
       17.3.3 Scavolini Spa
       17.3.4 GIOVANNI VISENTIN srl
       17.3.5 Nella Vetrina
       17.3.6 Muebles Picó S.A.
       17.3.7 Heritage Home Group LLC
       17.3.8 iola Furniture Limited
       17.3.9 Turri S.r.l
       17.3.10 Grayson Luxury
       17.3.11 Williams-Sonoma, Inc.
       17.3.12 Cassina S.p.A.

List of Figures

Figure 1: Global: Luxury Furniture Market: Major Drivers and Challenges
Figure 2: Global: Luxury Furniture Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Luxury Furniture Market: Breakup by Region (in %), 2021
Figure 4: Global: Luxury Furniture Market: Breakup by Raw Material (in %), 2021
Figure 5: Global: Luxury Furniture Market: Breakup by Application (in %), 2021
Figure 6: Global: Luxury Furniture Market: Breakup by Distribution Channel in %), 2021
Figure 7: Global: Luxury Furniture Market: Breakup by Design (in %), 2021
Figure 8: Global: Luxury Furniture Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: North America: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: North America: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: United States: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: United States: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Canada: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Canada: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Europe: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Europe: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Germany: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Germany: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: France: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: France: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: United Kingdom: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: United Kingdom: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Italy: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Italy: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Spain: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Spain: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Russia: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Russia: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Netherlands: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Netherlands: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Switzerland: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Switzerland: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Sweden: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Sweden: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Others: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Others: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia Pacific: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia Pacific: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Taiwan: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Taiwan: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Latin America: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Latin America: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Brazil: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Brazil: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Mexico: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Mexico: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Middle East and Africa: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Middle East and Africa: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Turkey: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Turkey: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Saudi Arabia: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Saudi Arabia: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: United Arab Emirates: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: United Arab Emirates: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Luxury Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Global: Luxury Furniture (Wood) Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Global: Luxury Furniture (Wood) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Global: Luxury Furniture (Metal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Global: Luxury Furniture (Metal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Luxury Furniture (Glass) Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Global: Luxury Furniture (Glass) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Luxury Furniture (Leather) Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Global: Luxury Furniture (Leather) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Luxury Furniture (Plastic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Global: Luxury Furniture (Plastic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Luxury Furniture (Multiple) Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Global: Luxury Furniture (Multiple) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Luxury Furniture (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Global: Luxury Furniture (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Luxury Furniture Market (Domestic Applications): Sales Value (in Million US$), 2016 & 2021
Figure 86: Global: Luxury Furniture Market Forecast (Domestic Applications): Sales Value (in Million US$), 2022-2027
Figure 87: Global: Luxury Furniture Market (Applications in Living Room and Bedroom): Sales Value (in Million US$), 2016 & 2021
Figure 88: Global: Luxury Furniture Market Forecast (Applications in Living Room and Bedroom): Sales Value (in Million US$), 2022-2027
Figure 89: Global: Luxury Furniture Market (Applications in Kitchen): Sales Value (in Million US$), 2016 & 2021
Figure 90: Global: Luxury Furniture Market Forecast (Applications in Kitchen): Sales Value (in Million US$), 2022-2027
Figure 91: Global: Luxury Furniture Market (Applications in Bathroom): Sales Value (in Million US$), 2016 & 2021
Figure 92: Global: Luxury Furniture Market Forecast (Applications in Bathroom): Sales Value (in Million US$), 2022-2027
Figure 93: Global: Luxury Furniture Market (Outdoor Applications): Sales Value (in Million US$), 2016 & 2021
Figure 94: Global: Luxury Furniture Market Forecast (Outdoor Applications): Sales Value (in Million US$), 2022-2027
Figure 95: Global: Luxury Furniture Market (Lighting Applications): Sales Value (in Million US$), 2016 & 2021
Figure 96: Global: Luxury Furniture Market Forecast (Lighting Applications): Sales Value (in Million US$), 2022-2027
Figure 97: Global: Luxury Furniture Market (Applications in the Commercial Sector): Sales Value (in Million US$), 2016 & 2021
Figure 98: Global: Luxury Furniture Market Forecast (Applications in the Commercial Sector): Sales Value (in Million US$), 2022-2027
Figure 99: Global: Luxury Furniture Market (Office Applications): Sales Value (in Million US$), 2016 & 2021
Figure 100: Global: Luxury Furniture Market Forecast (Office Applications): Sales Value (in Million US$), 2022-2027
Figure 101: Global: Luxury Furniture Market (Applications in the Hospitality Sector): Sales Value (in Million US$), 2016 & 2021
Figure 102: Global: Luxury Furniture Market Forecast (Applications in the Hospitality Sector): Sales Value (in Million US$), 2022-2027
Figure 103: Global: Luxury Furniture Market (Other Applications): Sales Value (in Million US$), 2016 & 2021
Figure 104: Global: Luxury Furniture Market Forecast (Other Applications): Sales Value (in Million US$), 2022-2027
Figure 105: Global: Luxury Furniture Market: Sales through Conventional Furniture Stores (in Million US$), 2016 & 2021
Figure 106: Global: Luxury Furniture Market Forecast: Sales through Conventional Furniture Stores (in Million US$), 2022-2027
Figure 107: Global: Luxury Furniture Market: Sales through Speciality Stores (in Million US$), 2016 & 2021
Figure 108: Global: Luxury Furniture Market Forecast: Sales through Speciality Stores (in Million US$), 2022-2027
Figure 109: Global: Luxury Furniture Market: Sales through Online Retailers (in Million US$), 2016 & 2021
Figure 110: Global: Luxury Furniture Market Forecast: Sales through Online Retailers (in Million US$), 2022-2027
Figure 111: Global: Luxury Furniture Market: Sales through Other Distribution Channels (in Million US$), 2016 & 2021
Figure 112: Global: Luxury Furniture Market Forecast: Sales through Other Distribution Channels (in Million US$), 2022-2027
Figure 113: Global: Luxury Furniture (Modern) Market: Sales Value (in Million US$), 2016 & 2021
Figure 114: Global: Luxury Furniture (Modern) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 115: Global: Luxury Furniture (Contemporary) Market: Sales Value (in Million US$), 2016 & 2021
Figure 116: Global: Luxury Furniture (Contemporary) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 117: Global: Luxury Furniture Industry: Value Chain Analysis
Figure 118: Global: Luxury Furniture Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Luxury Furniture Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Luxury Furniture Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 3: Global: Luxury Furniture Market Forecast: Breakup by Raw Material (in Million US$), 2022-2027
Table 4: Global: Luxury Furniture Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Luxury Furniture Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 6: Global: Luxury Furniture Market Forecast: Breakup by Design (in Million US$), 2022-2027
Table 7: Global: Luxury Furniture Market: Competitive Structure
Table 8: Global: Luxury Furniture Market: Key Players


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Key Questions Answered in This Report

The global luxury furniture market was valued at US$ 22.0 Billion in 2021.

We expect the global luxury furniture market to exhibit a CAGR of 4.97% during 2022-2027.

The expanding real estate sector, along with the rising adoption of luxurious home décor as a status
symbol and for adding value to a space, is primarily driving the global luxury furniture market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase
of luxury furniture.

Based on the raw material, the global luxury furniture market has been bifurcated into wood, metal,
glass, leather, plastic, multiple, and others. Among these, wood holds the majority of the total
market share.

Based on the application, the global luxury furniture market can be divided into domestic and
commercial. Currently, the domestic sector exhibits a clear dominance in the market.

Based on the distribution channel, the global luxury furniture market has been categorized into
conventional furniture stores, speciality stores, online retailers, and others. Among these, speciality
stores currently account for the majority of the global market share.

Based on the design, the global luxury furniture market can be segregated into modern and
contemporary. Currently, contemporary holds the largest market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where Europe currently dominates the global market.

Some of the major players in the global luxury furniture market include 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., Cassina
S.p.A., etc.

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