Press Release:

Global Luxury Furniture Market Influenced by Expanding Real-Estate Sector


Luxury Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

$ 1499
   Buy Now


10% Free customization


   Request Sample
   Request Brochure
   Ask An Analyst
   Request Customization

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 lifestyle 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 2018-2023”, the global luxury furniture market reached a value of around US$ 24 Billion in 2017.

Luxury Furniture Market Size

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 around US$ 30 Billion by 2023, expanding at a CAGR of more than 4% during 2018-2023. 

Market Summary:

  • Based on raw material, wood accounts for the largest market share, followed by metal. Other popular raw materials include glass, leather and plastic.
  • 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 share. 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 departmental stores, online stores, independent furniture retailer, factory outlets and 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 share, followed by North America and Asia Pacific.
  • The competitive landscape of the market has also been examined with some of the key players being Giovanni Visentin Srl, Laura Ashley Holdings, Muebles Pico Sa, Scavolini Spa and Hfi Wind Down, Inc.

 

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, SWOT analysis, 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 market 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 various stages in the value chain of the global luxury furniture market?
  • What are the key driving factors and challenges in the global luxury furniture market?
  • What is the structure of the global luxury furniture market and who are the key players?
  • What is the degree of competition in the global luxury furniture market?
  • How is luxury furniture manufactured?

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
    4.1    Overview
    4.2    Key Industry Trends
5    Global Luxury Furniture Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Raw Material
    5.4    Market Breakup by Application
    5.5    Market Breakup by Distribution Channel
    5.6    Market Breakup by Region
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
        5.9.1    Overview
        5.9.2    Research and Development
        5.9.3    Raw Material Procurement
        5.9.4    Manufacturing
        5.9.5    Marketing
        5.9.6    Distribution
        5.9.7    End-Use
    5.10    Porters Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
6    Market Breakup by Raw Material
    6.1    Wood
    6.2    Metal
    6.3    Glass
    6.4    Leather
    6.5    Plastic
    6.6    Others
7    Market Breakup by Application
    7.1    Domestic
        7.1.1    Living Room and Bedroom
        7.1.2    Kitchen
        7.1.3    Bathroom
        7.1.4    Outdoor
        7.1.5    Lighting
    7.2    Commercial
        7.2.1    Office
        7.2.2    Hospitality
        7.2.3    Others
8    Market Breakup by Distribution Channel
    8.1    Departmental Stores
    8.2    Online Stores
    8.3    Independent Furniture Retailers
    8.4    Factory Outlets
    8.5    Others
9    Market Breakup by Region
    9.1    Europe
    9.2    North America
    9.3    Asia Pacific
    9.4    Middle East and Africa
    9.5    Latin America
10    Luxury Furniture Manufacturing Process
    10.1    Product Overview
    10.2    Raw Material Requirements
    10.3    Manufacturing Process
    10.4    Key Success and Risk Factors
11    Competitive Landscape
    11.1    Market Structure
    11.2    Key Players
    11.3    Profiles of Key Players
        11.3.1    Giovanni Visentin Srl
            11.3.1.1    Company Overview
            11.3.1.2    Description
            11.3.1.3    Product Portfolio
            11.3.1.4    Financials
        11.3.2    Laura Ashley Holdings
            11.3.2.1    Company Overview
            11.3.2.2    Description
            11.3.2.3    Product Portfolio
            11.3.2.4    Financials
            11.3.2.5    SWOT Analysis
        11.3.3    Muebles Pico Sa
            11.3.3.1    Company Overview
            11.3.3.2    Description
            11.3.3.3    Product Portfolio
            11.3.3.4    Financials
        11.3.4    Scavolini Spa
            11.3.4.1    Company Overview
            11.3.4.2    Description
            11.3.4.3    Product Portfolio
            11.3.4.4    Financials
        11.3.5    Hfi Wind Down, Inc.
            11.3.5.1    Company Overview
            11.3.5.2    Description
            11.3.5.3    Product Portfolio

 

List of Figures

Figure 1: Global: Luxury Furniture Market: Major Drivers and Challenges
Figure 2: Global: Luxury Furniture Market: Sales Value (in Billion US$), 2010-2017
Figure 3: Global: Luxury Furniture Market: Breakup by Raw Material (in %), 2017
Figure 4: Global: Luxury Furniture Market: Breakup by Application (in %), 2017
Figure 5: Global: Luxury Furniture Market: Breakup by Distribution Channel (in %), 2017
Figure 6: Global: Luxury Furniture Market: Breakup by Region (in %), 2017
Figure 7: Global: Luxury Furniture Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 8: Global: Luxury Furniture Industry: SWOT Analysis
Figure 9: Global: Luxury Furniture Industry: Value Chain Analysis
Figure 10: Global: Luxury Furniture Industry: Porter’s Five Forces Analysis
Figure 11: Global: Luxury Furniture (Wood) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 12: Global: Luxury Furniture (Metal) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 13: Global: Luxury Furniture (Glass) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 14: Global: Luxury Furniture (Leather) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 15: Global: Luxury Furniture (Plastic) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 16: Global: Luxury Furniture (Other Type of Raw Materials) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 17: Global: Luxury Furniture Market (Applications in the Domestic Sector): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 18: Global: Luxury Furniture Market (Applications in Living Room and Bedroom): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 19: Global: Luxury Furniture Market (Applications in Kitchen): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 20: Global: Luxury Furniture Market (Applications in Bathroom): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 21: Global: Luxury Furniture Market (Outdoor Applications): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 22: Global: Luxury Furniture Market (Lighting Applications): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 23: Global: Luxury Furniture Market (Applications in the Commercial Sector): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 24: Global: Luxury Furniture Market (Office Applications): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 25: Global: Luxury Furniture Market (Applications in the Hospitality Sector): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 26: Global: Luxury Furniture Market (Other Applications): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 27: Global: Luxury Furniture Market: Sales through Departmental Stores (in Million US$), 2010, 2017 & 2023
Figure 28: Global: Luxury Furniture Market: Sales through Online Stores (in Million US$), 2010, 2017 & 2023
Figure 29: Global: Luxury Furniture Market: Sales through Independent Furniture Retailers (in Million US$), 2010, 2017 & 2023
Figure 30: Global: Luxury Furniture Market: Sales through Factory Outlets (in Million US$), 2010, 2017 & 2023
Figure 31: Global: Luxury Furniture Market: Sales through Other Distribution Channels (in Million US$), 2010, 2017 & 2023
Figure 32: Europe: Luxury Furniture Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 33: North America: Luxury Furniture Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 34: Asia Pacific: Luxury Furniture Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 35: Middle East and Africa: Luxury Furniture Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 36: Latin America: Luxury Furniture Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 37: Luxury Furniture Manufacturing: Process Flow

 
List of Tables

Table 1: Global: Luxury Furniture Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Luxury Furniture Market Forecast: Breakup by Raw Material (in Million US$), 2018-2023
Table 3: Global: Luxury Furniture Market Forecast: Breakup by Application (in Million US$), 2018-2023
Table 4: Global: Luxury Furniture Market Forecast: Breakup by Distribution Channel (in Million US$), 2018-2023
Table 5: Global: Luxury Furniture Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 6: Luxury Furniture: Raw Material Requirements
Table 7: Global: Luxury Furniture Market Structure
Table 8: Global: Luxury Furniture Market: Key Players


  Submit Request    

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Special Prices

    IMARC provides special pricing for:

  • Academic Institutes
  • Government Agencies
  • Nonprofit Organizations
  • For more information, feel free to contact us.






Related Report

Laminated Veneer Lumber Market ( Custom Report)

Laminated Veneer Lumber Market ( Custom Report)