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Luxury Furniture Market to Reach USD 43.96 Billion by 2030 with a 5% CAGR Growth

01-21-2025 07:12 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Luxury Furniture Market

Luxury Furniture Market

๐†๐ฅ๐จ๐›๐š๐ฅ ๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐‘๐ž๐š๐œ๐ก ๐”๐’๐ƒ ๐Ÿ’๐Ÿ‘.๐Ÿ—๐Ÿ” ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ

The global luxury furniture market, valued at USD 31.24 billion in 2023, is anticipated to expand to USD 43.96 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5% during the forecast period.

๐ฅ๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐Ÿ๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

The growth of the luxury furniture market is driven by increasing consumer preference for high-quality, aesthetically appealing, and durable furnishings. The demand for luxury furniture is further bolstered by rising disposable incomes and the expansion of the real estate and hospitality sectors.

๐ฅ๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐Ÿ๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐š๐ง๐ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's burgeoning middle class and rapid urbanization have led to a growing demand for luxury furniture. The country's furniture industry is also attracting foreign investments, enhancing its production capabilities and market reach.

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐‚๐ก๐ข๐ง๐š

China's luxury furniture market is experiencing significant growth due to increasing consumer wealth and a preference for premium home dรฉcor. The market is characterized by a blend of traditional designs and modern aesthetics, catering to diverse consumer tastes.

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand is witnessing a rise in demand for luxury furniture, driven by a growing tourism industry and the expansion of high-end hotels and resorts. Local manufacturers are collaborating with international designers to offer unique and customized furniture pieces.

๐‹๐จ๐จ๐ค๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ง๐จ๐ฐ : https://www.maximizemarketresearch.com/request-sample/14760/

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐„๐ฑ๐ฉ๐š๐ง๐ฌ๐ข๐จ๐ง ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's luxury furniture market is expanding, with consumers showing a preference for minimalist designs that reflect traditional Japanese aesthetics. The market is also seeing an increase in demand for eco-friendly and sustainable furniture options.

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's luxury furniture market is advancing, driven by a rise in luxury apartment constructions and a growing interest in interior design. Consumers are increasingly seeking bespoke furniture pieces that reflect personal style and status.

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's status as a global financial hub has led to a high demand for luxury furniture in both residential and commercial spaces. The market is characterized by a preference for contemporary designs and high-quality materials.

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ

The United States luxury furniture market is robust, with consumers investing in high-end furnishings that offer comfort and style. The market is also seeing a trend towards sustainable and ethically sourced materials.

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's luxury furniture market is mature, with a rich history of craftsmanship and design. The market is characterized by a demand for classic designs, as well as a growing interest in modern and contemporary styles.

๐‹๐จ๐จ๐ค๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ง๐จ๐ฐ :https://www.maximizemarketresearch.com/request-sample/14760/

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ค๐ž๐ฒ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฅ๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐Ÿ๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ :

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐“๐ฒ๐ฉ๐ž

Tables
Chairs
Sofas & Lounges
Beds
Cabinets
Others

The luxury furniture market is divided into various product categories, including tables, chairs, beds, couches and lounges, cabinets, and more. Console tables, side tables, coffee tables, and dining tables are all included in the table category. It is anticipated that both usefulness and beauty would drive demand. From dining chairs to armchairs to accent chairs and recliners, luxury chairs offer a wide variety of seating alternatives. With options ranging from traditional leather couches to modern modular lounges, luxury sofas and lounges are essential pieces of furniture in living rooms that emphasize comfort, design, and refinement. The focal point of bedrooms are luxurious beds, which provide comfort and style for a good night's sleep.

๐›๐ฒ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ

Metal
Plastic
Wood
Glass
Others

The luxury furniture market is divided by material, including glass, metal, plastic, and wood. Made of materials like brass, aluminum, or stainless steel, metal furniture has a sleek, contemporary appearance. It is renowned for its strength, resilience, and capacity to be molded into intricate patterns. It is anticipated that developments in materials science will result in the creation of high-end furniture. High-end plastic furniture is made from sturdy polymers with creative patterns and coatings. Throughout the forecast period, the wood segment is expected to maintain its dominant position in the market. Wood has long been a mainstay of high-end furniture because of its inherent beauty, coziness, and appeal. The finest hardwoods are used to make luxury wood furniture, such as

๐›๐ฒ ๐„๐ง๐-๐”๐ฌ๐ž๐ซ

Commercial
Residential

By the End-User The market for luxury furniture is divided into two segments: residential and commercial. With a 60% market share in the worldwide luxury furniture market, the residential segment continues to hold its leading position. Customers are spending money to furnish their homes in an opulent manner, particularly in developing nations' expanding cities. Its demand in the residential segment is anticipated to be driven by a growing trend for aesthetics and investments in high-end furniture for houses. The demand for luxury furniture in the residential sector is anticipated to rise due to an increase in homeownership, mostly in emerging markets and developing economies. Residential customers are looking for furniture that is tailored to their tastes and can be customized. Consumer spending growth, trends in homeownership, shifting lifestyles, and the importance of personalization and

๐›๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ

Online
Company Owned Websites
E-Commerce Websites
Offline
Speciality Store
Independent Furniture Retailers

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž : @https://www.maximizemarketresearch.com/market-report/luxury-furniture-market/14760/

๐‹๐ž๐š๐ซ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐ฅ๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐Ÿ๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ :

North America
1. Durham (USA)
2. Henredon Furniture Industries, Inc. (USA)
3. Williams-Sonoma (USA)
4. PICO Muebles (Mexico)
5. Drexel Heritage Furniture (USA)

Europe
6. Laura Ashley (United Kingdom)
7. Scavolini S.p.A. (Italy
8. Swarovski Home (Austria)
9. TURRI(Italy)
10. Roche Bobois (France)

APAC
11. Vivona Designs (India)
12. Durian (India)
13. IKEA(India)
14. WoodenStreet (India)
15. Shanghai JL&C Furniture Co., Ltd. (China)
16. PT. Wirasindo Santakarya (Indonesia)
17. Kovacs Design Furniture (Singapore)

Middle East and Africa
18. Luxury Antonovich Design (Dubai, UAE)
19. The One (Dubai, UAE)
20. IDdesign (Dubai, UAE)
21. PAN Emirates (Dubai, UAE)
22. Marina Home Interiors (Dubai, UAE)

South America
23. Saccaro (Brazil)
24. Campana Brothers (Brazil)
25. DicOre (Argentina)
26. Even (Argentina)
27. Agustina Crespo (Argentina)

๐†๐ž๐ญ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ฌ ๐ญ๐จ ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐š๐ฉ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐Ÿ๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ:

What is Luxury Furniture ?
What is the growth rate of the Luxury Furniture Market?
Which are the factors expected to drive the Luxury Furniture market growth?
What is the CAGR at which the Luxury Furniture market will grow during the forecast period?
What are the different segments of the Luxury Furniture Market?
Which is the fastest growing region in the Luxury Furniture market?
What growth strategies are the players considering to increase their presence in Luxury Furniture ?
What are the upcoming opportunities and trends for the Luxury Furniture Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Luxury Furniture Market?
Who are the leading companies and what are their portfolios in Luxury Furniture Market?
What segments are covered in the Luxury Furniture Market?
Who are the key players in the Luxury Furniture market?

๐†๐š๐ข๐ง ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/14760/

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ.

Past Size and Competitive Landscape
โ€ข Past Pricing and price curve by region
โ€ข Size, Share, Size Forecast by different segment
โ€ข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Segmentation A detailed analysis by segment with their sub-segments and Region
โ€ข Competitive Landscape Profiles of selected key players by region from a strategic perspective

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Lobster Market https://www.maximizemarketresearch.com/market-report/lobster-market/217529/

โ™ฆ Global Self-Checkout Systems Market https://www.maximizemarketresearch.com/market-report/global-self-checkout-systems-market/30095/

โ™ฆ Mobile Wallet Market https://www.maximizemarketresearch.com/market-report/global-mobile-wallet-market/61198/

โ™ฆ LMS Market https://www.maximizemarketresearch.com/market-report/global-lms-market/55012/

โ™ฆ VCSEL Market https://www.maximizemarketresearch.com/market-report/vcsel-market/11592/

โ™ฆ Plastic Recycling Market https://www.maximizemarketresearch.com/market-report/global-plastic-recycling-market/55199/

โ™ฆ Microalgae market https://www.maximizemarketresearch.com/market-report/global-microalgae-based-products-market/63970/

โ™ฆ storage tank Market https://www.maximizemarketresearch.com/market-report/storage-tank-market/195623/

โ™ฆ Digital Payment Market https://www.maximizemarketresearch.com/market-report/digital-payment-market/16835/

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๐‘๐ž๐š๐œ๐ก ๐Ž๐ฎ๐ญ ๐ญ๐จ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐จ๐ซ ๐ˆ๐ง-๐ƒ๐ž๐ฉ๐ญ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐š๐ง๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ :

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
sales@maximizemarketresearch.com
www.maximizemarketresearch.com

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