Press release
Luxury Furniture Market Size, Share, Outlook And Growth Opportunities 2022-2028
The research study on the global Luxury Furniture Market covers industry sectors, market climate, emerging innovations, competitive intelligence, and current developments in the industry. The sector study investigates the business dynamics of the rising economy, as well as current driving forces, market conditions, risks, trends, and problems. The analysis identifies the exact impact on the revenue and demand due to the disturbances caused by the occurrence of COVID-19. The recently launched growth strategies and development programs by the government and leading players in the market with the aim to impulse growth in the Luxury Furniture market are included in the report.The Luxury Furniture market is expected to grow at a CAGR of 4.5% over the forecast period (2022-2028), according to Market intelligence data.
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Main Key Players:
Inter IKEA Systems, Steinhoff International, HNI, Heritage Home, Cassina S.p.A collaborated,MUEBLES PICO, Herman Miller, , Gordon Brothers,Williams-Sonoma and others.
Key Developments in Global Luxury Furniture Market
In January 2022, Muebles Pico and Rimontgó, a luxury real estate brokerage in Valencia, Spain, established a joint venture to collaborate on a variety of real estate projects. This partnership will help the company to expand its clientele.
In March 2021, Gordon Brothers, owner of the British heritage brand Laura Ashley and a global advising, restructuring, and investment organization, released its spring 2021 collection online and in select NEXT plc locations. Signature prints, indoor and outdoor furniture, lighting, mirrors, soft furnishings, made-to-measure curtains, wallpapers, and more are all offered as signature products.
In July 2020, Cassina S.p.A collaborated with Mobilia, a Perth-based retailer specializing in high-end designer goods from throughout the world. As a result of the partnership, Mobilia will become the sole distributor of the Cassina collection in Australia. Mobilia is also expanding its coverage to the eastern states of Australia to match this new agreement.
Dividing the Global Luxury Furniture Market by Product types and Application
Segmentation By Type:
Wood
Metal
Glass
Leather
Plastic
Segmentation By Application:
Residential
Commercial
Market Analysis and Insights: Global Luxury Furniture Market
Luxury Furniture Market report provides you with detailed insights, industry knowledge, market forecasts and analytics. The report on the global Luxury Furniture industry also clarifies economic risks and environmental compliance. Global market report assists industry enthusiasts including investors and decision makers to make confident capital investments, develop strategies, optimize their business portfolio, innovate successfully and perform safely and sustainably.
Overview of Global Luxury Furniture Market
Luxury furniture is essentially used to provide an aesthetic beauty to home decoration and for high standard interiors. The increasing trend of having a luxury and comfortable relaxing experience is prominently driving the demand for luxury furniture for use in households as well as commercial places.
Rising demand from the real estate industry as well as increasing urban population in various emerging economies around the world are some of the major factors contributing to the growth and advancement of the global luxury furniture market. As of 2019, the U.K. had 29 million houses, according to the Committee on Climate Change, and the government plans to build 1.5 million new household living spaces by 2022.
The report on the Luxury Furniture market covers the following region (country) analysis:
North America (the United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and the Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and the Rest of the Middle East & Africa)
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Key takeaways from the Luxury Furniture Industry study
- Simplified and insightful comprehensive Luxury Furniture market analysis
- Evaluation of growth derivatives, crucial constraints, opportunities, and challenges
- Internal business overview including business connectivity, sales records, supply chain strategies and capabilities, product development, and marketing trends
- Exact Luxury Furniture industry valuation
- Future forecasts and Luxury Furniture market estimations followed by a demand to supply ratio projections
- Competitive benchmarking coupled with competitive analysis
- Key strategic initiatives fuelling Luxury Furniture market growth
- In-depth assessment of the product, application, and regional segments
- Neutral geographic survey based on macro and micro-economic factors highlighting the growth potential of developed and developing economies
Following are the major TOC of the Luxury Furniture Market:
Chapter 1: Luxury Furniture Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Luxury Furniture Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Luxury Furniture Market Forecast
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The years considered for the study are as follows:
Base Year: 2021
Estimated Year: 2022
Projected Year: 2028
Forecast Period: 2022 to 2028
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