Luxury Furniture Market Size to Grow by US$ 29.6 Billion by 2027 at CAGR of 4.97%, Spurred by Expanding Real-Estate Sector

The latest report by IMARC Group, titled "𝐋𝐮𝐱𝐮𝐫𝐲 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕," offers a comprehensive analysis of the industry, which comprises insights on the global luxury furniture market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global luxury furniture market reached a value of US$ 22.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.6 Billion by 2027, exhibiting a CAGR of 4.97% during 2022-2027.

Luxury furniture represents the movable pieces of furnishings made by skilled craftsmen using the finest quality material and created with zero margins for error. It adds to the aesthetic value of the commercial and household, such as offices, homes, hotels, and other indoor and outdoor areas. Luxury furniture can be designed utilizing various materials, including wood, metal, glass, multiple, leather, plastic, etc. The changing lifestyles and constantly improving living standards of the people in the urbanized regions are increasingly embracing extravagant furnishings.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/luxury-furniture-market/requestsample

Global Luxury Furniture Market Trends:

The escalating product demand across the residential and commercial sectors, on account of the expanding real-estate industry, is among the primary factors driving the luxury furniture market. In addition, the increasing penetration of online retailing and the rising population, particularly in the developing nations, are further augmenting the market growth. Besides this, the inflating disposable incomes have inclined the consumers towards purchasing luxury furniture, which acts as a status symbol and adds value to a space, which is also catalyzing the global market.

Moreover, the launch of innovative designs of furnishings by the leading manufacturers and the several collaborations with interior designers to capture a broader customer base are acting as significant growth-inducing factors. Apart from this, the development of technologically advanced furniture is also stimulating the market growth. Furthermore, the elevating preference for branding and positioning, the growing need for eco-friendly product variants, the rising impact of globalization, the low operational costs, and the emerging infrastructure investments are expected to bolster the luxury furniture market in the coming years.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/luxury-furniture-market

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞𝐬𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Valderamobili s.r.l.
• Scavolini S.p.A.
• Giovanni Visentin S.R.L.
• Nella Vetrina
• Muebles Picó S.A.
• Heritage Home Group LLC
• iola Furniture Limited
• TURRI srl
• Grayson Luxury
• Williams-Sonoma, Inc.
• Cassina S.P.A

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Breakup by Application:

• Domestic Sectors
o Living Room And Bedroom
o Kitchen
o Bathroom
o Outdoor
o Lighting
• Commercial Sectors
o Office
o Hospitality
o Others

Breakup by Raw Material:

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

Breakup by Distribution Channel:

• Conventional Furniture Stores
• Specialty Stores
• Online Retailers
• Others

Breakup by Design:

• Modern Segments
• Contemporary Segments

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

𝐍𝐨𝐭𝐞: 𝐖𝐞 𝐚𝐫𝐞 𝐮𝐩𝐝𝐚𝐭𝐢𝐧𝐠 𝐨𝐮𝐫 𝐫𝐞𝐩𝐨𝐫𝐭𝐬, 𝐈𝐟 𝐲𝐨𝐮 𝐰𝐚𝐧𝐭 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐩𝐫𝐢𝐦𝐚𝐫𝐲 𝐚𝐧𝐝 𝐬𝐞𝐜𝐨𝐧𝐝𝐚𝐫𝐲 𝐝𝐚𝐭𝐚 (𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖) 𝐰𝐢𝐭𝐡 𝐂𝐨𝐬𝐭 𝐌𝐨𝐝𝐮𝐥𝐞, 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲, 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞, 𝐞𝐭𝐜. 𝐂𝐥𝐢𝐜𝐤 𝐫𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐝𝐞𝐥𝐢𝐯𝐞𝐫𝐞𝐝 𝐭𝐨 𝐲𝐨𝐮 𝐯𝐢𝐚 𝐞𝐦𝐚𝐢𝐥 𝐰𝐢𝐭𝐡𝐢𝐧 𝟐𝟒 𝐭𝐨 𝟒𝟖 𝐡𝐨𝐮𝐫𝐬.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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