Luxury Furniture Market Research’s Latest: 2023 Valuation Hits 27.65 Billion, Projects 5.67% CAGR Escalation by 2030

Report Overview:

The following report titled “Global Luxury Furniture Market: By Type (Indoor Furniture [Bedroom Furniture, Dining Furniture, Office Furniture, Kitchen Furniture, Living Room Furniture], Outdoor Furniture [Patio Furniture, Rooftop Furniture, Beachfront Furniture, Others]) and other forecast 2024-2030” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.

Global Luxury Furniture Market Summary

The Global Luxury Furniture Market size is valued at around USD 27.65 billion in 2023 is estimated to grow at a CAGR of around 5.67% during the forecast period, i.e., 2024-2030. The ongoing trend of urbanization results in smaller living spaces in urban areas. As a result, there is a growing need for compact and multifunctional luxury furniture, which can be both stylish and space-saving. According to the United Nations Conference on Trade and Development (UNCTAD), 57% of the total world population lived in urban areas in 2021, which is further expected to rise to nearly 68% by 2030, leading to the enhancement of commercial & residential construction in the coming years.

Report Coverage & Details

  • Forecast Period: 2024-2030
  • Base Year: 2023
  • Market Size in 2023: USD 27.65 Billion
  • CAGR: 5.67%

Download Free PDF Brochure: –  https://www.marknteladvisors.com/query/request-sample/luxury-furniture-market.html

Luxury Furniture Market Driver:

Increasing Development of Real Estate Sector to Escalate Market Growth – During the historical years, the consistent growth of the real estate sector, especially in the luxury and upscale property segment, significantly contributed to the increased demand for high-end furniture in both residential and commercial spaces. In addition, the expansion of service-based industries, such as ICT, telecommunication, etc., has widely supported the demand for luxurious furniture during 2018-21. The key factors attributed to the rising service expansion are the growth initiatives of the global economies such as India, China, the UAE, Saudi Arabia, etc., to launch flexible FDI policies, taxation relations, and minimum barriers on entry & and exit, with an intent to boost their gross domestic product (GDP) growth. Therefore, global economies are witnessing an accumulation in investments to expand new office spaces & warehouses across numerous regions, which is expected to enhance the luxury furniture market growth during 2024-2030.

Segmentation Analysis: Luxury Furniture Market

By Type

  • Indoor Furniture- Market Size & Forecast 2019-2030, (USD Million)
    • Bedroom Furniture- Market Size & Forecast 2019-2030, (USD Million)
    • Dining Furniture- Market Size & Forecast 2019-2030, (USD Million)
    • Office Furniture- Market Size & Forecast 2019-2030, (USD Million)
    • Kitchen Furniture- Market Size & Forecast 2019-2030, (USD Million)
    • Living Room Furniture- Market Size & Forecast 2019-2030, (USD Million)
  • Outdoor Furniture- Market Size & Forecast 2019-2030, (USD Million)
    • Patio Furniture- Market Size & Forecast 2019-2030, (USD Million)
    • Rooftop Furniture- Market Size & Forecast 2019-2030, (USD Million)
    • Beachfront Furniture- Market Size & Forecast 2019-2030, (USD Million)
    • Others (Poolside, Deck Furniture, etc.)- Market Size & Forecast 2019-2030, (USD Million)

By Type of Furniture

  • Bed- Market Size & Forecast 2019-2030, (USD Million)
  • Sofa & Couch- Market Size & Forecast 2019-2030, (USD Million)
  • Table & Desk- Market Size & Forecast 2019-2030, (USD Million)
  • Chair & Stool- Market Size & Forecast 2019-2030, (USD Million)
  • Wardrobes & Dresser- Market Size & Forecast 2019-2030, (USD Million)
  • Cabinets & Nightstand- Market Size & Forecast 2019-2030, (USD Million)
  • Others- Market Size & Forecast 2019-2030, (USD Million)

By Material

  • Wood- Market Size & Forecast 2019-2030, (USD Million)
  • Plastic- Market Size & Forecast 2019-2030, (USD Million)
  • Leather- Market Size & Forecast 2019-2030, (USD Million)
  • Others (Glass, Metal, etc.)- Market Size & Forecast 2019-2030, (USD Million)

By Distribution Channel

  • Direct Sales- Market Size & Forecast 2019-2030, (USD Million)
  • Indirect Sales- Market Size & Forecast 2019-2030, (USD Million)
  • Online Platform- Market Size & Forecast 2019-2030, (USD Million)

By End User

  • Residential- Market Size & Forecast 2019-2030, (USD Million)
  • Offices- Market Size & Forecast 2019-2030, (USD Million)
  • Commercial & Retail- Market Size & Forecast 2019-2030, (USD Million)
  • Hospitality- Market Size & Forecast 2019-2030, (USD Million)
  • Others (Government Agencies, etc.)- Market Size & Forecast 2019-2030, (USD Million)

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Access Full Report [Include Description + TOC] – https://www.marknteladvisors.com/research-library/luxury-furniture-market.html

Region: Rrrr Holds a Major Market Share

Among all regions globally, Rrrr is anticipated to dominate the Luxury Furniture Market with the largest share during 2024-30..

Leading Players Analysis: Luxury Furniture Market

The report provides detailed analysis of key players in the global Luxury Furniture market, highlighting their strategies and competitive scenario.

  • Cassina S.p.A.
  • Kimball International Inc.
  • Marge Carson
  • Fendi Casa
  • Brown Jordan Inc.
  • B&B Italia
  • Marioni
  • Boca Do Lobo
  • Duresta
  • Bentley Home
  • Natuzzi
  • Haworth, Inc.
  • West Elm
  • Pico Muebles
  • Maiden Home

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

For Customized Report Inquiry: – https://www.marknteladvisors.com/query/request-customization/luxury-furniture-market.html

Key Benefits for Stakeholders:

  1. Informed Decision-Making: Access to comprehensive and insightful market research reports enables stakeholders to make well-informed decisions, leading to more strategic and successful initiatives.
  2. Strategic Planning: The strategic reports provided by MarkNtel Advisors empower stakeholders to formulate robust strategies for market entry, product development, and competitive positioning.
  3. Market Sizing & Forecasting: Stakeholders can benefit from accurate market sizing and forecasting data to make informed investment and resource allocation decisions, minimizing risks and maximizing returns.
  4. Competitive Benchmarking: The availability of competitive benchmarking data allows stakeholders to assess their performance against industry peers, identify areas for improvement, and capitalize on strengths.
  5. Identifying Investment Opportunities: Through trend analysis and industry insights, stakeholders can identify attractive investment opportunities and stay ahead in the market for better ROI.

Other Report:

About us

We are a well-known consulting, data analytics, and market research firm catering to a diverse clientele globally. With a strong presence in over 80 countries across regions like America, Asia-Pacific, Europe, the Middle East, and Africa, we specialize in providing strategic reports to multinational corporations, financial institutions, governments, and individuals. Our commitment to qualitative and quantitative research ensures comprehensive and insightful data delivery, establishing us as a trusted partner for informed decision-making.

Contact Information:

  • Address: Office No.106, H-160, Sector 63, Noida, Uttar Pradesh – 201301, India
  • Call (India): +91 120 4278433
  • Call (USA): +1 628 895 8081
  • Email: sales@marknteladvisors.com

Reset Password
Compare items
  • Total (0)
Compare
0
Shopping cart