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Luxury Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

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. According to the latest report by IMARC Group, titled “Luxury Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global luxury furniture market reached a value of around US$ 26 Billion in 2019.

Luxury Furniture Market Report

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. Looking forward, the market value is projected to reach a value of US$ 32.2 Billion by 2025, expanding at a CAGR of 3.62% during 2020-2025.

Market Summary:

  • 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, followed by North America and Asia Pacific.
  • Based on the raw material, wood accounts for the largest market share, followed by metal.
  • 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 and bedroom, kitchen, bathroom, outdoor and lighting. Whereas, the commercial sector is categorised as office, hospitality and others.
  • On the basis of distribution channel, the market has been further categorised into conventional furniture stores, speciality stores, online stores, and others.
  • On the basis of design, the market has been categorised into modern and contemporary.

 

This report provides a deep insight into the global luxury furniture market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, consumer mapping, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the luxury furniture industry in any manner.

Key Questions Answered in This Report:

  • How has the global luxury furniture market performed so far and how will it perform in the coming years?
  • What are the key regions in the global luxury furniture market?
  • What are the key application segments in the global luxury furniture market?
  • What are the major raw materials in the global luxury furniture market?
  • What are the key distribution channels in the global luxury furniture market?
  • What are the various stages in the value chain of the global luxury furniture industry?
  • What are the key driving factors and challenges in the global luxury furniture industry?
  • What is the structure of the global luxury furniture industry and who are the key players?
  • What is the degree of competition in the global luxury furniture industry?

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    Global Luxury Furniture Market

    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Forecast
6    Drivers of the Global Luxury Furniture Industry
7    Key Industry Trends 
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
    8.4    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 
Figure 2: Global: Luxury Furniture Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Luxury Furniture Market: Breakup by Region (in %), 2019
Figure 4: Global: Luxury Furniture Market: Breakup by Raw Material (in %), 2019
Figure 5: Global: Luxury Furniture Market: Breakup by Application (in %), 2019
Figure 6: Global: Luxury Furniture Market: Breakup by Distribution Channel in %), 2019
Figure 6: Global: Luxury Furniture Market: Breakup by Design (in %), 2019
Figure 7: Global: Luxury Furniture Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 8: North America: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 9: North America: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 10: United States: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: United States: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Canada: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Canada: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Europe: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Europe: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Germany: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Germany: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: France: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: France: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: United Kingdom: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: United Kingdom: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Italy: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Italy: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Spain: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Spain: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Russia: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Russia: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Netherlands: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Netherlands: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Switzerland: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Switzerland: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Sweden: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Sweden: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Others: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Others: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Asia Pacific: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Asia Pacific: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: China: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: China: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Japan: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: Japan: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: India: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: India: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: South Korea: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: South Korea: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Australia: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Australia: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Taiwan: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Taiwan: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Others: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Others: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: Latin America: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: Latin America: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: Brazil: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: Brazil: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: Mexico: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: Mexico: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: Others: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: Others: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Middle East and Africa: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Middle East and Africa: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Turkey: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Turkey: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: Saudi Arabia: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: Saudi Arabia: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: United Arab Emirates: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: United Arab Emirates: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: Others: Luxury Furniture Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: Others: Luxury Furniture Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Global: Luxury Furniture (Wood) Market: Sales Value (in Million US$), 2011 & 2018
Figure 69: Global: Luxury Furniture (Wood) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 70: Global: Luxury Furniture (Metal) Market: Sales Value (in Million US$), 2011 & 2018
Figure 71: Global: Luxury Furniture (Metal) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 72: Global: Luxury Furniture (Glass) Market: Sales Value (in Million US$), 2011 & 2018
Figure 73: Global: Luxury Furniture (Glass) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 74: Global: Luxury Furniture (Leather) Market: Sales Value (in Million US$), 2011 & 2018
Figure 75: Global: Luxury Furniture (Leather) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 76: Global: Luxury Furniture (Plastic) Market: Sales Value (in Million US$), 2011 & 2018
Figure 77: Global: Luxury Furniture (Plastic) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 78: Global: Luxury Furniture (Multiple) Market: Sales Value (in Million US$), 2011 & 2018
Figure 79: Global: Luxury Furniture (Multiple) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 80: Global: Luxury Furniture (Others) Market: Sales Value (in Million US$), 2011 & 2018
Figure 81: Global: Luxury Furniture (Others) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 82: Global: Luxury Furniture Market (Residential Applications): Sales Value (in Million US$), 2011 & 2018
Figure 83: Global: Luxury Furniture Market Forecast (Residential Applications): Sales Value (in Million US$), 2019-2024
Figure 84: Global: Luxury Furniture Market (Applications in Living Room and Bedroom): Sales Value (in Million US$), 2011 & 2018
Figure 85: Global: Luxury Furniture Market Forecast (Applications in Living Room and Bedroom): Sales Value (in Million US$), 2019-2024
Figure 86: Global: Luxury Furniture Market (Applications in Kitchen): Sales Value (in Million US$), 2011 & 2018
Figure 87: Global: Luxury Furniture Market Forecast (Applications in Kitchen): Sales Value (in Million US$), 2019-2024
Figure 88: Global: Luxury Furniture Market (Applications in Bathroom): Sales Value (in Million US$), 2011 & 2018
Figure 89: Global: Luxury Furniture Market Forecast (Applications in Bathroom): Sales Value (in Million US$), 2019-2024
Figure 90: Global: Luxury Furniture Market (Outdoor Applications): Sales Value (in Million US$), 2011 & 2018
Figure 91: Global: Luxury Furniture Market Forecast (Outdoor Applications): Sales Value (in Million US$), 2019-2024
Figure 92: Global: Luxury Furniture Market (Lighting Applications): Sales Value (in Million US$), 2011 & 2018
Figure 93: Global: Luxury Furniture Market Forecast (Lighting Applications): Sales Value (in Million US$), 2019-2024
Figure 94: Global: Luxury Furniture Market (Applications in the Commercial Sector): Sales Value (in Million US$), 2011 & 2018
Figure 95: Global: Luxury Furniture Market Forecast (Applications in the Commercial Sector): Sales Value (in Million US$), 2019-2024
Figure 96: Global: Luxury Furniture Market (Office Applications): Sales Value (in Million US$), 2011 & 2018
Figure 97: Global: Luxury Furniture Market Forecast (Office Applications): Sales Value (in Million US$), 2019-2024
Figure 98: Global: Luxury Furniture Market (Applications in the Hospitality Sector): Sales Value (in Million US$), 2011 & 2018
Figure 99: Global: Luxury Furniture Market Forecast (Applications in the Hospitality Sector): Sales Value (in Million US$), 2019-2024
Figure 100: Global: Luxury Furniture Market (Other Applications): Sales Value (in Million US$), 2011 & 2018
Figure 101: Global: Luxury Furniture Market Forecast (Other Applications): Sales Value (in Million US$), 2019-2024
Figure 102: Global: Luxury Furniture Market: Conventional Furniture Stores (in Million US$), 2011 & 2018
Figure 103: Global: Luxury Furniture Market Forecast: Conventional Furniture Stores (in Million US$), 2019-2024
Figure 104: Global: Luxury Furniture Market: Sales through Speciality Stores
(in Million US$), 2011 & 2018
Figure 105: Global: Luxury Furniture Market Forecast: Speciality Stores (in Million US$), 2019-2024
Figure 106: Global: Luxury Furniture Market: Sales through Online Retailers (in Million US$), 2011 & 2018
Figure 107: Global: Luxury Furniture Market Forecast: Sales through Online Retailers (in Million US$), 2019-2024
Figure 108: Global: Luxury Furniture Market: Sales through Other Distribution Channels (in Million US$), 2011 & 2018
Figure 109: Global: Luxury Furniture Market Forecast: Sales through Other Distribution Channels (in Million US$), 2019-2024
Figure 110: Global: Luxury Furniture (Modern) Market: Sales Value (in Million US$), 2011 & 2018
Figure 111: Global: Luxury Furniture (Modern) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 112: Global: Luxury Furniture (Contemporary) Market: Sales Value (in Million US$), 2011 & 2018
Figure 113: Global: Luxury Furniture (Contemporary) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 114: Global: Luxury Furniture Industry: Value Chain Analysis
Figure 115: Global: Luxury Furniture Industry: Porter’s Five Forces Analysis


List of Tables
Table 1: Global: Luxury Furniture Market: Key Industry Highlights, 2019 and 2024
Table 2: Global: Luxury Furniture Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 3: Global: Luxury Furniture Market Forecast: Breakup by Raw Material (in Million US$), 2020-2025
Table 4: Global: Luxury Furniture Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 5: Global: Luxury Furniture Market Forecast: Breakup by Distribution Channel (in Million US$), 2020-2025
Table 6: Global: Luxury Furniture Market Forecast: Breakup by Design (in Million US$), 2020-2025
Table 7: Global: Luxury Furniture Market: Competitive Structure
Table 8: Global: Luxury Furniture Market: Key Players        

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