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North America Luxury Furniture Market - Growth & Industry Revenue By Top Key Players Brown Jordan, Century Furniture LLC, Kindel Furniture Company, Cococo Home, and Gilani Furniture

12-14-2018 03:33 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

North America Luxury Furniture Market

North America Luxury Furniture Market

The domestic sector contributed nearly 2/3rd to the North American luxury furniture market revenue in 2015. The furniture used in living rooms and bedrooms holds the highest share in the domestic sector. The commercial sector is a comparatively smaller market, which is governed by the hospitality sector. Presence of upscale hotels, commercial infrastructures, and a booming hospitality industry account for the growth of this market in the commercial sector.

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North America Luxury Furniture Market is expected to garner CAGR of 3.1% during the forecast period, 2016‐2022. Luxury furniture enhances the aesthetic value of establishments, such as homes, hotels, offices, and other indoor or outdoor areas. The North American luxury furniture market significantly benefits from the economic growth of the countries in this region, which include U.S., Canada, and Mexico.

The increase in spending capacity of the consumers and real estate sector are the key growth facilitators of the North America luxury furniture market. Consumers in the region. Consumers in the region are inclined towards eco-friendly furniture owing to the increase in environmental awareness. However, rise in cost of raw materials, such as wood and leather may restrain the North America luxury furniture market growth. Online retailing and the increase in demand of multifunctional furniture present significant opportunities for the North America luxury furniture market growth.

The North America luxury furniture market is segmented on the basis of material, end use, and country. Based on materials, the industry is categorized into metal, plastic, wood, glass, leather, and others. The wood furniture segment in the market is likely to remain dominant during the forecast period. This is due to the fact that wooden furniture is the most popular choice owing to its superior aesthetic appeal. The glass material segment is estimated to grow at the fastest rate owing to increase in adoption of modern furniture designs, during the forecast period. The end-user segment comprises of domestic and commercial users. The domestic segment is further sub-segmented into kitchens, living & bedrooms, bathrooms, outdoors, and lighting. The commercial segment is further classified into office, hospitality, and others.

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The domestic segment accounted for a higher market size as compared to the commercial segment, because of the extensive use of luxury furniture in homes. The living & bedroom segment accounted for approximately 45% of the market share in the domestic sector, and is expected to be the highest revenue-generating segment throughout the analysis period. In the commercial segment, the hospitality sector contributed the highest market share and is likely to grow at a rapid pace over the forecast period. The North America luxury furniture market is segmented across countries, such as U.S., Canada, and Mexico.

The key players in the North America luxury furniture market include Giovanni Visentin S.r.l., Scavolini S.p.a., Laura Ashley Holding Plc., Nella Vetrina, Henredon Furniture Industries Inc., Brown Jordan, Century Furniture LLC, Kindel Furniture Company, Cococo Home, and Gilani Furniture. Operating players in the industry are putting efforts to develop multifunctional furniture.

List of Figures

FIG. 1 TOP IMPACTING FACORS
FIG. 2 TOP INVESTMENT POCKETS
FIG. 3 PORTERS FIVE FORCES ANALYSIS
FIG. 4 VALUE CHAIN ANALYSIS
FIG. 5 U.S. PER CAPITA DISPOSABLE INCOME, 1994-2014 AND PROJECTED 2024
FIG. 6 CANADA DISPOSABLE INCOME, 2013-2015(IN $MILLION)
FIG. 7 URBANIZATION RATE IN U.S., CANADA AND MEXICO, 2010-2015 (%)
FIG. 8 VALUE OF PRIVATE RESIDENTIAL CONSTRUCTION IN THE U.S., ($MILLION , 2009-2014)
FIG. 9 CANADA GDP GROWTH RATE, 2010-2014 (%)
FIG. 10 NUMBER OF HOME SALES IN CANADA, 2009-2015
FIG. 11 SWOT ANALYSIS OF GIOVANNI VISENTIN S.R.L.
FIG. 12 SWOT ANALYSIS OF SCAVOLINI S.P.A.
FIG. 13 REVENUE GENERATED BY LAURA ASHLEY HOLDING PLC, (2013-2015)
FIG. 14 SWOT ANALYSIS OF LAURA ASHLEY HOLDING PLC
FIG. 15 SWOT ANALYSIS OF NELLA VETRINA
FIG. 16 HENREDON FURNITURE INDUSTRIES INC.
FIG. 17 SWOT ANALYSIS OF BROWN JORDAN
FIG. 18 SWOT ANALYSIS OF CENTURY FURNITURE LLC
FIG. 19 SWOT ANALYSIS OF KINDEL FURNITURE COMPANY
FIG. 20 SWOT ANALYSIS OF COCOCO HOME
FIG. 21 SWOT ANALYSIS OF GILANI FURNITURE

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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