Luxury Furniture Market 2016-2020: Global Industry Growth, Analysis and Report Forecast

Luxury furniture enhances the work & living environment and improves the aesthetic value of homes, hotels and offices along with indoor and outdoor spaces. The growth and developments in the real estate industry largely drive the global luxury furniture market. A rise in disposable incomes, globalization and an increase in the population living in urban regions across developing countries, majorly boosts the market growth. It is anticipated that the eco-friendly luxury furniture segment would witness higher growth during the forecast period, owing to the growing environmental consciousness among consumers. In addition, it is expected that high growth in online retailing, would also have a positive impact on the market. Lack of skilled labor and the increasing cost of raw materials are the major challenges of the market. Improving life styles and an increase in disposable incomes would provide significant opportunities in the market.

Visit Complete Report @ http://www.marketresearchstore.com/report/global-luxury-furniture-market-49181

Wood furniture has generated highest revenue in 2014 followed by metal furniture. The glass furniture segment would grow with highest rate among the key materials used for furniture manufacturing during the forecast period. Out of the total market revenue, domestic furniture segment and commercial sector accounted for nearly 70% and 30% respectively. In the current scenario, living and bedroom segment has generated largest revenue in the domestic market, followed by kitchen. It is expected that lighting segment would at the fastest rate during the forecast period. Luxury furniture for hospitality sector has generated largest revenue in the commercial sector and would grow at the fastest rate during the forecast period. On the basis of geography, Europe has generated highest revenue in 2014. Asia Pacific region would grow with significant rate followed by LAMEA region, during the forecast period.

The market is segmented on the basis of material, end-users and geography. On the basis of materials, the market is segmented into metal, plastic, wood, glass, leather and others. The end-user segment comprises of domestic and commercial use. The domestic segment is further sub segmented into kitchens, living & bedrooms, bathrooms, outdoors and lighting. The commercial segment is further classified into office, hospitality and others. Geographically, the market is segmented across North America, Europe, Asia-Pacific and LAMEA.

Request For Report Sample @ http://goo.gl/H1Hve2

The key players in the market include Duresta Upholstery Ltd., Muebles Pico, Valderamobili, Giovanni Visentin, Scavolini, Laura Ashley, Iola Furniture Ltd., Nella Vetrina, Henredon Furniture Industries Inc. and Turri S.r.l. The market players are actively in the process of developing multifunctional furniture due to its rising demand among consumers.

POTENTIAL BENEFITS FOR THE STAKEHOLDERS

The study provides an in-depth analysis of the global luxury furniture market with current and future trends to elucidate the imminent investment pockets in the market
Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends, in order to gain a stronger foothold in the market
The report provides information regarding key drivers, restraints and opportunities with impact analysis for the forecast period
Quantitative analysis of the current market and forecast through 2015 - 2020 are provided to indicate the financial appetency of the market
Porter’s Five Forces model illustrates the potency of the buyers & suppliers in the market
Value chain analysis provides a clear understanding on the roles of stakeholders involved in the value chain.

KEY MARKET SEGMENTS

The global luxury furniture market segmentation is illustrated below:

Market by Material

Metal
Plastic
Wood
Glass
Leather
Others

Market by End Use

Domestic Use
Kitchen
Living and bedroom
Bathroom
Outdoor
Lighting
Commercial Use
Office
Hospitality
Others

Market by Geography

North America
Europe
APAC
LAMEA

Key Players

Duresta Upholstery Ltd.
Muebles Pico
Valderamobili
Giovanni Visentin
Scavolini
Laura Ashley
Iola Furniture Ltd.
Nella Vetrina
Henredon Furniture Industries Inc.
Turri S.r.l.

About Market Research Store

Market Research Store is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations.

Contact Us

Joel John
3422 SW 15 Street, Suit #8138,
Deerfield Beach, Florida 33442,
United States
Tel: +1-386-310-3803
GMT Tel: +49-322 210 92714
USA/Canada Toll Free No. 1-855-465-4651
Email: sales@marketresearchstore.com
Web: http://www.marketresearchstore.com/

This release was published on openPR.