North America Luxury Furniture Market to Reach $9.2 Billion, Globally, by Top Companies Brown Jordan, Century Furniture LLC, Kindel Furniture Company, Cococo Home, and Gilani Furniture

According to a new report by Allied Market Research titled, "North America Luxury Furniture Market", the North American luxury furniture market is expected to reach $9.2 billion by 2022, with a prominent CAGR of 3.1% from 2016 to 2022. The U.S. is the biggest luxury furniture market in North America, followed by Canada. Improving economic conditions throughout the region, have created favorable conditions for the growth of luxury furniture market. The increasing purchasing power of the consumers across US, Canada and Mexico, coupled with the improving real estate sector, largely supplement the market growth.

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.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/1319?utm_source=OPR

The North American luxury furniture market is fragmented, with the presence of several family-run domestic companies. Moreover, players from other regions also operate in this market, thereby further intensifying the competition. Online portals are extensively used as a platform for sales by the companies operating in the market. The strategic tie-ups between the market participants and the interior designers have broadened the scope of this market and help to create product awareness among the end users. Luxury furniture also reflects the social status of individuals, a trend that boosts the growth of this market in North America.

The demand for wood furniture is highest in the North American market because of high aesthetic value associated with it. The glass furniture segment is expected to witness the fastest growth from 2016 to 2022, catalyzed by its rising demand in the corporate and hospitality sector. The plastic furniture segment is likely to grow at the slowest pace during the forecast period owing to the environmental concerns associated with plastic degradation and its lack of aesthetic value, as compared to other materials. Eco-friendly furniture and multifunctional furniture are gradually gaining popularity. Growing environmental awareness and space constraints in urban regions drive the adoption of these furniture in the North American 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.

Get Customized Report @ https://www.alliedmarketresearch.com/request-for-customization/1319?utm_source=OPR

Currently, the U.S. is the largest market for luxury furniture followed by Canada. Economic growth in the North American countries majorly contributes to the growth of the North American market.

Domestic manufacturers in the luxury furniture market, such as Brown Jordan, Century Furniture LLC, Kindel Furniture Company, Cococo Home, and Gilani Furniture, largely focus on manufacturing stylish luxury furniture products with high-quality raw materials. Thus, the companies in this market compete on the two key aspects of material and style. New product launch complemented with innovative design is the key strategy adopted by companies. In addition, the growing preference of e-commerce platforms by customers to purchase furniture products, is likely to help the market players to expand their market presence, which, in turn, is expected to boost the overall market growth.

Key findings of the study:

• The wood luxury furniture segment led the market with about 24% market share in 2015, and is estimated to dominate the market throughout the forecast period.
• The domestic end-user segment is expected to continue to dominate the North American market over the forecast period.
• The hospitality sector within the commercial user segment is expected to exhibit a steady demand for luxury furniture, with a CAGR of 2.5% during the forecast period.

List of Tables

TABLE 1 NORTH AMERICA LUXURY FURNITURE MARKET BY MATERIAL, 2014-2020($MILLION)
TABLE 2 NORTH AMERICA LUXURY FURNITURE METAL MATERIAL MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 3 NORTH AMERICA LUXURY FURNITURE WOOD MATERIAL MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 4 NORTH AMERICA LUXURY FURNITURE PLASTIC MATERIAL MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 5 NORTH AMERICA LUXURY FURNITURE GLASS MATERIAL MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 6 NORTH AMERICA LUXURY FURNITURE LEATHER MATERIAL MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 7 NORTH AMERICA LUXURY FURNITURE OTHERS MATERIAL MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 8 NORTH AMERICA LUXURY FURNITURE MARKET BY END USE, 2015-2022 ($MILLION)
TABLE 9 NORTH AMERICA LUXURY FURNITURE DOMESTIC-USE MARKET, 2015-2022 ($MILLION)
TABLE 10 NORTH AMERICA LUXURY FURNITURE DOMESTIC-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 11 NORTH AMERICA LUXURY FURNITURE KITCHEN-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 12 NORTH AMERICA LUXURY FURNITURE LIVING & BEDROOM -USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 13 NORTH AMERICA LUXURY FURNITURE BATHROOM-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 14 NORTH AMERICA LUXURY FURNITURE OUTDOOR-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 15 NORTH AMERICA LUXURY FURNITURE LIGHTING-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 16 NORTH AMERICA LUXURY FURNITURE COMMERCIAL-USE MARKET, 2015-2022 ($MILLION)
TABLE 17 NORTH AMERICA LUXURY FURNITURE COMMERCIAL-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 18 NORTH AMERICA LUXURY FURNITURE OFFICE-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 19 NORTH AMERICA LUXURY FURNITURE HOSPITALITY-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 20 NORTH AMERICA LUXURY FURNITURE OTHERS-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 21 U.S. LUXURY FURNITURE MARKET BY MATERIAL, 2015-2022 ($MILLION)
TABLE 22 CANADA LUXURY FURNITURE MARKET BY MATERIAL, 2015-2022 ($MILLION)
TABLE 23 MEXICO LUXURY FURNITURE MARKET BY MATERIAL, 2015-2022 ($MILLION)
TABLE 24 SNAPSHOT OF GIOVANNI VISENTIN S.R.L.
TABLE 25 SNAPSHOT OF SCAVOLINI S.P.A.
TABLE 26 SNAPSHOT OF LAURA ASHLEY HOLDING PLC
TABLE 27 SNAPSHOT OF NELLA VETRINA
TABLE 28 SNAPSHOT OF HENREDON FURNITURE INDUSTRIES INC.
TABLE 29 SNAPSHOT OF BROWN JORDAN
TABLE 30 SNAPSHOT OF CENTURY FURNITURE LLC
TABLE 31 SNAPSHOT OF KINDEL FURNITURE COMPANY
TABLE 32 SNAPSHOT OF COCOCO HOME
TABLE 33 SNAPSHOT OF GILANI FURNITURE

Access Full Summery @ https://www.alliedmarketresearch.com/north-america-luxury-furniture-market?utm_source=OPR

About Us

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.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.