Press release
Luxury Furniture Market Size 2023, Global Share, Growth Rate, Company Profiles, Type, Applications, Competitive Landscape, Forecast 2030
Luxury Furniture Market
The industry outlook is being positively influenced by growing consumer spending and various other factors such as household debt levels, per-capita income, and consumer expectations. Other aspects, such as ever-increasing disposable income, improvement in living standards, growing demand for furniture, and robust popularity of home renovation and decoration projects, will also fuel the market growth.
Fortune Business Insights™ presents this information in a report titled, "Global Luxury Furniture Market, 2023-2030
Get a Free Sample Research PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/luxury-furniture-market-107326
Fortune Business Insights™ lists out all the luxury furniture market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
• SCAVOLINI S.P.A. (Italy)
• Cassina S.p.A (Italy)
• Kimball International, Inc. (U.S.)
• Brown Jordan International (U.S.)
• Herman Miller, Inc. (Knoll Inc) (U.S.)
• Vivono (India)
• Boca do Lobo (U.K.)
• DUR (U.K.)
• Haworth, Inc. (Italy)
• MUEBLES PICO SA (Spain)
Report Coverage:
The research report analyzes the industry in detail and highlights several crucial aspects such as prominent companies, competitive landscape, raw materials, end users, and distribution channels. Apart from this, the report also offers insights into the industry trends and underlines many important developments in the market.
Drivers and Restraints:
Rapid Growth of Real te Sector to Contribute to the Luxury Furniture Industry Growth
The real te sector has recently shown substantial expansion due to increased demand for office and residential spaces. The growing construction of residential and commercial buildings will drive the market progress.
The wide availability of counterfeit products might hinder the market development. Counterfeiting also involves placing the logo or trademark of a famous brand on a product, but the product is not manufactured or authorized by that brand.
Segments
Aesthetic Design and High Durability Offered by Wooden Furniture to Support Market Expansion
Based on raw material, the market is divided into wood, metal, plastic, and others. The wood segment is expected to hold a dominant market share, owing to its adaptability and high-quality finishing. Wood is the most popular material due to its high aesthetic value and durability. These features will boost the sales of luxurious wooden furniture.
Rise in Home Décor Projects to Fuel Market Growth
Based on end-user, the market is divided into residential and commercial. The residential segment is predicted to hold a significant market share owing to the large-scale manufacturing of home décor and furnishing products.
Growing Demand for Personalized Shopping Experience to Boost Sales of Offline Distribution Channels
In terms of distribution channel, the market is divided into online and offline. The offline segment is predicted to capture a sizeable industry share as it offers customers a personalized experience and allows them to check a product's quality through physical inspection.
Regional Insights:
In terms of region, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa (MEA). The Europe region is anticipated to capture a sizeable luxury furniture market share during the forecast period as many companies across the region are involved in in-depth research & development. They are also constantly upgrading technologies used in the production of luxury furniture, thereby spurring the product sales across the region.
The North America region is also predicted to hold a major market share as there is a notable presence of reputed luxury furniture manufacturers. Also, the construction of residential and commercial buildings will spur the adoption of luxurious furnishing products.
Competitive Landscape:
Acquisitions and Partnerships by Leading Companies to Boost Market Growth
Reputed organizations, such as Scavolini S.P.A., Cassina S.p.A., Kimball International, Inc., Brown Jordan International, and many others, are developing a wide range of growth strategies to fortify their presence in the global market. For example, in October 2022, Linly Designs acquired Marge Carson, a luxury furniture brand, which manufactures high-end residential furniture. The deal is expected to enhance operational efficiencies and product offerings.
Key Industry Development:
May 2022: Natuzzi S.p.A. signed a partnership deal with a reputed listed furniture supplier to speed up the brand's retail expansion in the APAC region. This move will help generate more revenue and increase customer base.
Get your Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/luxury-furniture-market-107326
Fortune Business Insights™ Pvt. Ltd. 9th Floor, Icon Tower, Baner - Mahalunge Road, Baner, Pune-411045, Maharashtra, India.
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Luxury Furniture Market Size 2023, Global Share, Growth Rate, Company Profiles, Type, Applications, Competitive Landscape, Forecast 2030 here
News-ID: 3011242 • Views: …
More Releases from Fortune Business Insights™
World Environment Day 2023: How Saving Water Can Help Us Save The Environment
Wastewater comes from homes, businesses, industrial sites and farms, as well as any stormwater or groundwater that enters the sewer system.
Specialised treatment plants process this wastewater. A combination of technologies is used to achieve the treatment objectives, based on the character of raw wastewater and use of the treated wastewater. These processes include primary, secondary and tertiary treatment. Our research, published today, found wastewater treatment removes a lot of particles,…
Cosmetics Market Research Analysis by Top Key Players, Types, New Trends and For …
The global cosmetics industry was valued at USD 277.67 billion in 2020 and is projected to grow from USD 287.94 billion in 2021 to USD 415.29 billion in 2028, exhibiting a CAGR of 5% during the 2021-2028 period.
In recent times, demand for makeup and skincare products has surged dramatically. Both men and women use it to enhance their overall appearance. The industry offers a wide variety of products, such as hair care, face care,…
Aquafeed Market Trends, Growth, Share, Size and Forecast Research Report 2028
The global aquafeed market size is anticipated to reach USD 85.17 billion by 2028 and exhibit a CAGR of 5.59% during the forecast period. The increasing popularity of aquafeed and the rising investments in the research and developments activities are projected to foster growth for the market. The market's growth is also ascribable to the increasing seafood trade due to the soaring seafood consumption and consumer expenditure on fish and…
Cricket Equipment Market Demand, Recent Trends, Size and Share Estimation by 202 …
The global cricket equipment market size was valued at USD 564.43 million in 2021 and USD 594.46 million in 2022. The market is expected to reach USD 897.02 million by 2029 with a CAGR of 6.05% during the forecast period. Growing demand for cricket bats and equipment from various institutions schools, colleges, cricket clubs, and fitness centers is anticipated to drive market growth. Increasing demand for customized sports products and cricket accessories…
More Releases for Furniture
Hotel Furniture Market to See Booming Growth | Northland Furniture, Foliot Furni …
The latest study released on the Global Hotel Furniture Market by AMA Research evaluates market size, trend, and forecast to 2027. The Hotel Furniture market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in…
Bedroom Furniture Market Share by Top Companies, Size, Growth, Industry Analysis …
Bedroom Furniture Market Scope & Overview: The research investigates the key factors influencing international market growth. In order to assess the overall size of the Bedroom Furniture market during the forecast period, the report employed a bottom-up technique to collect and forecast data for a wide range of industrial verticals and end-user sectors, as well as their reach across numerous categories.
Market participants may utilize market data to develop strategies to…
Home Furniture Market, Office Furniture Market, Hospital Furniture Market, Woode …
Furniture is a movable/mutable object intended to support a variety of human activity including seating, sleeping, fencing and protection. It is also used to hold the object at the proper height for working. It can also be designed & used as a decorative object. Furniture has become a vital part of human life since non-nomadic culture. It is kept in home or other commercial buildings to make the living &…
Bedroom Furniture Market Growth 2017 to 2022: Dominated by ughan-Bassett Furnitu …
Worldwide Market Reports recently released “ Global Bedroom Furniture Market Research Report 2017” that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022.
During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executives…
Bedroom Furniture Market Size to Grow Rapidly in Future | Global Key Players - a …
Worldwide Market Reports recently released “ Global Bedroom Furniture Market Research Report 2017” that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022.
During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executives…
Bedroom Furniture Market Key Player Information are - Vaughan-Bassett Furniture …
Worldwide Market Reports recently released “ Global Bedroom Furniture Market Research Report 2017” that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022.
During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executives…
