Luxury Furniture Market Trends Estimates High Demand By 2027 - CASSINA, Duresta, Grayson Luxury, Iola, LUXDECO, MUEBLE DE ESPAA and Scavolini S.p.a.
Luxury furniture is improving the aesthetic value of home space, hotels, offices, and other commercial places. The new luxury furniture's are offering a wide range of products such as dining sets, loungers, daybeds, chairs, tables, seating sets, and hammocks. Factors such as a rise in consumer spending and traveling trends have resulted in the rising number of tourists across the world. This enhanced the demand for luxurious furniture from commercial places such as hotels, resorts, and tourist guest houses.
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The global luxury furniture market is a highly competitive market due to the many international and regional players' presence. The increasing demand for luxury products from the residential sector drives the market growth. Improving lifestyle standards and growing inclination towards the smart home solution is boosting the market growth.
The rising disposable income, growing urbanization, demand for smart luxury furniture, and changing lifestyle are key factors propelling the market. However, fluctuation in raw material price is acting as a challenging factor for the market players. The increasing demand from e-commerce platforms and rising demand in Asian countries create ample opportunities for market growth.
Top Dominating Key Players:
1. BOCA DO LOBO
4. GIOVANNI VISENTIN srl
5. Grayson Luxury
8. MUEBLE DE ESPAA
9. Scavolini S.p.a.
10. VALDERAMOBILI s.r.l.
Market Segmentation :
The global luxury furniture market is segmented based on type, material, end use, and geography. Based on type, luxury furniture market is segmented as tables, chairs, sofas and lounges, kitchen, lighting, beds, and others. Based on material, luxury furniture market is segmented as metal, plastic, wood, and others. In terms of end use, luxury furniture market is segmented as residential and commercial.
To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Luxury Furniture Market.
To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Luxury Furniture Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Luxury Furniture Market segments and regions.
Scope of the study:
The research on the Luxury Furniture Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Luxury Furniture Market on the basis of end user, product type, application, and demography for the forecast period 2020 - 2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
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Reasons to Buy the Report:
Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.
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