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Luxury Furniture Market - Global Industry Analysis

Luxury Furniture Market by Material Type (Glass, Metal, Plastic, Leather, Wood and Others), by Distribution Channel (Departmental Stores, Online Sales, Independent Furniture Retailers, Factory Outlets and Others) and by End Users (Domestic and Commercial): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023

Published Date: 27-Apr-2018 Category: Consumer Goods Report Format : PDF Pages: 110 Report Code: ZMR-2821 Status : Published

Global luxury furniture market expected to generate revenue of around USD 30.28 billion by end of 2023, growing at a CAGR of around 4.65% between 2017 and 2023. The luxury furniture division today is significantly benefiting from the rise in the disposable income, globalization and major population shift to the urban areas worldwide.

Description

The report covers forecast and analysis for the luxury furniture market on a global and regional level. The study provides historic data of 2017 along with a forecast from 2018 to 2023 based revenue (USD Billion). The study includes drivers and restraints for the luxury furniture market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the luxury furniture market on a global level.

In order to give the users of this report a comprehensive view on the luxury furniture market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein material type segment, distribution channel segment, and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies according to the region.

Global Luxury Furniture Market

The study provides a decisive view on the luxury furniture market by segmenting the market based on material type, distribution channel, end user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2023. Based on the material type the market is segmented into glass, metal, plastic, leather, wood, and others. On the basis of the distribution channel, the market is segmented into departmental stores, online sales, independent furniture retailers, factory outlets, and others. Based on end users the market is segmented into domestic and commercial. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East & Africa with its further bifurcation into major countries.

The report also includes detailed profiles of end players such as Muebles Pico, Nella Vetrina, Laura Ashley Folding PLC, VALDERAMOBILI srl, Scavolini S.p.A., Henredon Furniture Industries, Inc., Giovanni Visentin srl, Iola Furniture Ltd., Turri S.r.l, Herman Miller, Inc., Heritage Home Group LLC and others. 

This report segments the global luxury furniture market as follows:

Global Luxury Furniture Market: Material Type Segment Analysis

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

Global Luxury Furniture Market: Distribution Channel Segment Analysis

  • Departmental Stores
  • Online Sales
  • Independent Furniture Retailers
  • Factory Outlets
  • Others

Global Luxury Furniture Market: End-User Segment Analysis

  • Domestic
  • Commercial

Global Luxury Furniture Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global luxury furniture market, 2017 – 2023 (USD Billion)
    • 2.2. Global luxury furniture market: snapshot
  •  
  • Chapter 3. Luxury Furniture Market– Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Growing demand for esthetics
      • 3.2.2. Inclination in the online retailing and higher media penetration
    • 3.3. Market Restraints
      • 3.3.1. Global luxury furniture market restraints: impact analysis
      • 3.3.2. Increasing cost of raw materials
    • 3.4. Opportunities
      • 3.4.1. Development of multifunctional furniture
    • 3.5. Porter’s five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. The threat from new entrants
      • 3.5.4. The threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by material type segment
      • 3.6.2. Market attractiveness analysis, by distribution channel segment
      • 3.6.3. Market attractiveness analysis, by end user segment
      • 3.6.4. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Luxury Furniture Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global luxury furniture market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New therapy launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
    • 4.3. Price trend analysis
  •  
  • Chapter 5. Global Luxury Furniture Market– Material Type Segment Analysis
    • 5.1. Global luxury furniture market: a material overview
      • 5.1.1. Global luxury furniture market revenue share, by material type, 2017 and 2023
    • 5.2. Glass
      • 5.2.1. Global luxury furniture market for glass market, 2017 – 2023 (USD Billion)
    • 5.3. Metal
      • 5.3.1. Global luxury furniture market for metal market, 2017 – 2023 (USD Billion)
    • 5.4. Plastic
      • 5.4.1. Global luxury furniture market for plastic, 2017 – 2023 (USD Billion)
    • 5.5. Leather
      • 5.5.1. Global luxury furniture market for leather, 2017 – 2023 (USD Billion)
    • 5.6. Wood
      • 5.6.1. Global luxury furniture market for Wood, 2017 – 2023 (USD Billion)
    • 5.7. Others
      • 5.7.1. Global luxury furniture market for others, 2017 – 2023 (USD Billion)
  •  
  • Chapter 6. Global Luxury Furniture Market– Distribution Channel Segment Analysis
    • 6.1. Global luxury furniture market: distribution channel overview
      • 6.1.1. Global luxury furniture market revenue share, by distribution channel, 2017 and 2023
    • 6.2. Departmental Stores
      • 6.2.1. Global luxury furniture market for departmental stores, 2017 – 2023 (USD Billion)
    • 6.3. Online Sales
      • 6.3.1. Global luxury furniture market for online sales, 2017 – 2023 (USD Billion)
    • 6.4. Independent Furniture Retailers
      • 6.4.1. Global luxury furniture market for independent furniture retailers, 2017 – 2023 (USD Billion)
    • 6.5. Factory Outlets
      • 6.5.1. Global luxury furniture market for factory outlets, 2017 – 2023 (USD Billion)
    • 6.6. Others
      • 6.6.1. Global luxury furniture market for others, 2017 – 2023 (USD Billion)
  •  
  • Chapter 7. Global Luxury Furniture Market– End User Segment Analysis
    • 7.1. Global luxury furniture market: end user overview
      • 7.1.1. Global luxury furniture market revenue share, by end user, 2017 and 2023
    • 7.2. Domestic
      • 7.2.1. Global luxury furniture market for domestic market, 2017 – 2023 (USD Billion)
    • 7.3. Commercial
      • 7.3.1. Global luxury furniture market for commercial market, 2017 – 2023 (USD Billion)
  •  
  • Chapter 8. Global Luxury Furniture Market– Regional Segment Analysis
    • 8.1. Global luxury furniture market: regional overview
      • 8.1.1. Global luxury furniture market revenue share, by region, 2017 and 2023
    • 8.2. North America
      • 8.2.1. North America luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
      • 8.2.2. North America luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 8.2.3. North America luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
      • 8.2.4. U.S.
        • 8.2.4.1. U.S. luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
        • 8.2.4.2. U.S. luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
        • 8.2.4.3. U.S. luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
      • 8.2.5. Rest of North America
        • 8.2.5.1. Rest of North America luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
        • 8.2.5.2. Rest of North America luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
        • 8.2.5.3. Rest of North America luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
      • 8.3.2. Europe luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 8.3.3. Europe luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
      • 8.3.4. U.K.
        • 8.3.4.1. U.K. luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
        • 8.3.4.2. U.K. luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
        • 8.3.4.3. U.K. luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
      • 8.3.5. Germany
        • 8.3.5.1. Germany luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
        • 8.3.5.2. Germany luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
        • 8.3.5.3. Germany luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
      • 8.3.6. France
        • 8.3.6.1. France luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
        • 8.3.6.2. France luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
        • 8.3.6.3. France luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
      • 8.3.7. Rest of Europe
        • 8.3.7.1. Rest of Europe luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
        • 8.3.7.2. Rest of Europe luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
        • 8.3.7.3. Rest of Europe luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
      • 8.4.2. Asia Pacific luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 8.4.3. Asia Pacific luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
      • 8.4.4. China
        • 8.4.4.1. China luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
        • 8.4.4.2. China luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
        • 8.4.4.3. China luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
      • 8.4.5. Japan
        • 8.4.5.1. Japan luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
        • 8.4.5.2. Japan luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
        • 8.4.5.3. Japan luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
      • 8.4.6. India
        • 8.4.6.1. India luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
        • 8.4.6.2. India luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
        • 8.4.6.3. India luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
      • 8.4.7. Rest of Asia Pacific
        • 8.4.7.1. Rest of Asia Pacific luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
        • 8.4.7.2. Rest of Asia Pacific luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
        • 8.4.7.3. Rest of Asia Pacific luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
      • 8.5.2. Latin America luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 8.5.3. Latin America luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
        • 8.5.4.2. Brazil luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
        • 8.5.4.3. Brazil luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
      • 8.5.5. Mexico
        • 8.5.5.1. Mexico luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
        • 8.5.5.2. Mexico luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
        • 8.5.5.3. Mexico luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
      • 8.5.6. Rest of Latin America
        • 8.5.6.1. Rest of Latin America luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
        • 8.5.6.2. Rest of Latin America luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
        • 8.5.6.3. Rest of Latin America luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
      • 8.6.2. Middle East and Africa luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 8.6.3. Middle East and Africa luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
  •  
  • Chapter 9. Company Profile
    • 9.1. Muebles Pico
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Nella Vetrina
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Laura Ashley Folding PLC
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. VALDERAMOBILI srl
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Scavolini S.p.A.
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Henredon Furniture Industries, Inc.
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Giovanni Visentin srl
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Iola Furniture Ltd.
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Turri S.r.l.
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Herman Miller, Inc.
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments
    • 9.11. Heritage Home Group LLC
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Product portfolio
      • 9.11.4. Business strategy
      • 9.11.5. Recent developments

List of Figures 

1. Market research process
2. Market research methodology
3. Global luxury furniture market revenue, 2017 – 2023 (USD Billion) 
4. Porter’s five forces analysis
5. Luxury furniture market attractiveness analysis, by material type segment
6. Luxury furniture market attractiveness analysis, by distribution channel segment
7. Luxury furniture market: market attractiveness analysis, by end user segment
8. Luxury furniture market: market attractiveness analysis, by regional segment
9. Company market share analysis, 2017 
10. Global luxury furniture market revenue share by material type, 2017 and 2023
11. Global luxury furniture market for glass market, 2017 – 2023 (USD Billion)
12. Global luxury furniture market for metal market, 2017 – 2023 (USD Billion)
13. Global luxury furniture market for the plastic market, 2017 – 2023 (USD Billion)
14. Global luxury furniture market for the leather market, 2017 – 2023 (USD Billion)
15. Global luxury furniture market for the wood market, 2017 – 2023 (USD Billion)
16. Global luxury furniture market for others market, 2017 – 2023 (USD Billion)
17. Global luxury furniture market revenue share by distribution channel, 2017 and 2023
18. Global luxury furniture market for departmental stores, 2017 – 2023 (USD Billion)
19. Global luxury furniture market for online sales market, 2017 – 2023 (USD Billion)
20. Global luxury furniture market for independent furniture retailers market, 2017 – 2023 (USD Billion)
21. Global luxury furniture market for factory outlets, 2017 – 2023 (USD Billion)
22. Global luxury furniture market for others market, 2017 – 2023 (USD Billion)
23. Global luxury furniture market revenue share by the end user, 2017 and 2023
24. Global luxury furniture market for the domestic market, 2017 – 2023, (USD Billion)
25. Global luxury furniture market for the commercial market, 2017 – 2023, (USD Billion) 


List of Tables

1. Luxury furniture market: market snapshot 
2. Drivers of global luxury furniture market: impact analysis 
3. Restraints of global luxury furniture market: impact analysis  
4. North America luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
5. North America luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
6. North America luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion) 
7. U.S. luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
8. U.S. luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
9. U.S. luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion)
10. Rest of North America luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
11. Rest of North America luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
12. Rest of North America luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion)
13. Europe luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
14. Europe luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
15. Europe luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion) 
16. U.K. luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
17. U.K. luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
18. U.K. luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion)
19. Germany luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
20. Germany luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
21. Germany luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion)
22. France luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
23. France luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
24. France luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion)
25. Rest of Europe luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion) 
26. Rest of Europe luxury furniture market revenue, by distribution channel area, 2017 – 2023 (USD Billion)
27. Rest of Europe luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion)
28. Asia Pacific luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
29. Asia Pacific luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
30. Asia Pacific luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion) 
31. China luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
32. China luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
33. China luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion)
34. Japan luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
35. Japan luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
36. Japan luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion)
37. India luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
38. India luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
39. India luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion)
40. Rest of Asia Pacific luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
41. Rest of Asia Pacific luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
42. Rest of Asia Pacific luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion)
43. Latin America luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
44. Latin America luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
45. Latin America luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion) 
46. Brazil luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
47. Brazil luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
48. Brazil luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion) 
49. Mexico luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
50. Mexico luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
51. Mexico luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion)
52. Rest of Latin America luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
53. Rest of Latin America luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
54. Rest of Latin America luxury furniture market revenue, by end user, 2017 – 2023 (USD Billion)
55. Middle East and Africa luxury furniture market revenue, by material type, 2017 – 2023 (USD Billion)
56. Middle East and Africa luxury furniture market revenue, by distribution channel, 2017 – 2023 (USD Billion)
57. The Middle East and Africa luxury furniture market revenue, by the end user, 2017 – 2023 (USD Billion)

Methodology

Free Analysis

Luxury furniture enhances the artistic value of homes, offices, restaurants, and hotels in addition to various outdoor and indoor spaces. Over the past few years, the significant growth in real estate industry has fostered the growth of luxury furniture market. Movement of people from rural to urban areas, globalization, and inclination in the personal disposable income is strengthening the growth of the global luxury furniture market.

Rising environmental consciousness among people is also leading to rising demand for eco-friendly luxury furniture all over the world. Besides this, rising penetration of online retailing all across the world is expected to further stimulate the global luxury furniture market. In the coming years, growing number of commercial spaces such as restaurants, hotels, and clubs are also likely to be key end users of luxury furniture items as they persistently try to create a luxurious experience for the customer. Entry of various designers, focusing on providing an opulent lifestyle choice to the end user, and a higher awareness about the artistic value of the luxury furniture has also been identified as the important growth drivers for the global luxury furniture market.

Global Luxury Furniture Market

Based on the material type the market is segmented into glass, metal, plastic, leather, wood, and others. On the basis of the distribution channel, the market is segmented into departmental stores, online sales, independent furniture retailers, factory outlets, and others. Based on end users the market is segmented into domestic and commercial users.

The global luxury furniture market is segmented into major regions which include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. Amongst all these regions, Europe captured the highest share in the global luxury furniture market in 2014. China is expected to be the biggest and rapidly growing furniture market in future which will drive the overall Asia luxury furniture market. Latin America region is also anticipated to showcase fast growth in the forecast period. The requirement of luxury furniture, especially in the hospitality sector in Middle East region and African region, is expected to drive the market in this region in future.

Some of the key players in the luxury furniture market are Muebles Pico, Nella Vetrina, Laura Ashley Folding PLC, VALDERAMOBILI srl, Scavolini S.p.A., Henredon Furniture Industries, Inc., Giovanni Visentin srl, Iola Furniture Ltd., Turri S.r.l, Herman Miller, Inc., Heritage Home Group LLC and others. Many furniture manufacturers are partnering up with artists or interior designers to create and offer a luxury range of furniture. Companies born to serve the made to order requirements are now opening their stores in different geographical locations to provide buyers creative designs that go well with time.

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