Market Overview:
The global high grade furniture market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for high end furniture in commercial and residential applications across the globe. Additionally, rising disposable income of consumers and growing awareness about interior designing are also fuelling the demand for high grade furniture globally. On the basis of type, wood is expected to be the fastest growing segment during the forecast period owing to its natural appearance and durability. Metal is another key type segment of this market, which is projected to grow at a moderate rate over 2018-2030 due its properties such as strength and corrosion resistance. Glass, leather and other segments are also anticipated to witness healthy growth rates over next decade owing to their unique features respectively. Regionally, North America dominates global high grade furniture market with highest share in terms revenue followed by Europe & Asia Pacific region respectively in 2017 . However Asia Pacific region is anticipated exhibit highest CAGR over next 10 years on account of rising disposable income levels coupled with burgeoning construction industry in countries such as China & India .
Product Definition:
High grade furniture is a term used to describe furniture that is of high quality and made from expensive materials. Furniture that falls into this category may be made from solid wood, metals such as brass or bronze, or expensive fabrics such as silk. High grade furniture often has intricate details and is often considered a luxury item. It is important for high grade furniture to be well-made and sturdy, as it can often be quite expensive.
Wood:
Wood is one of the important raw materials used in the manufacturing of furniture. It can be classified into two types, i.e., hardwood and softwood. Hardwood includes species such as oak, maple, teak; whereas softwood includes species such as pine, cedar, hemlock etc.
Metal:
Metal is one of the important raw materials used in the production of furniture. It can be classified into two groups, namely, alloy and non-alloy. Alloys include steel, cast iron, aluminum and others. Non-alloy includes wood; plastic; rubber; glass; stone etc. The type of metal used depends on various factors such as durability required by the product and aesthetic appeal desired to be imparted to it among other factors.
Application Insights:
The commercial application segment accounted for the largest share of more than 70.0% in 2017. The growth can be attributed to the increasing construction activities in hotels, restaurants and shopping malls across the globe. High grade furniture is widely used in hotel rooms, restaurants, bars and clubs as seating arrangement including chairs and tables with storage space under them.
Regional Analysis:
North America dominated the global high grade furniture market in 2017. The growth of this region can be attributed to increasing demand for home d©cor products and growing preference for different types of chairs, sofas, beds and tables. Moreover, rising number of cafes & restaurants is expected to fuel the regional product demand over the forecast period.
Asia Pacific is expected to witness significant growth over the next eight years owing to increasing disposable income levels in emerging economies such as China and India coupled with improving economic conditions in these countries will boost consumer spending on furnishing activities which will drive regional market growth.
Growth Factors:
- Increasing disposable income of the population: The disposable income of the population is increasing, which is resulting in an increase in demand for high grade furniture.
- Rapid urbanization: Rapid urbanization is leading to an increase in the number of households that are able to afford high grade furniture.
- Rising consumer awareness about quality furniture: There has been a rise in consumer awareness about quality furniture, which is resulting in an increase in demand for high grade furniture products.
- Proliferation of online retailing: Proliferation of online retailing is making it easier for consumers to purchase high grade furniture products from their homes or offices. This is contributing to the growth of the market for high grade furniture products.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Grade Furniture Market Research Report
By Type
Wood, Metal, Glass, Leather, Other
By Application
Commercial, Residential
By Companies
Restoration Hardware, Hooker Furniture Corporation, Knoll, Kimball Hospitality, Molteni Group, Poltrona Frau, Roche Bobois, B&B Italia, Minotti, Ligne Roset, Suyen Furniture Group, Fitz Hansen, Eichholtz, Interi Furniture, Edra, Muebles Pico, Koket, Brabbu, Thomas Blakemore
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global High Grade Furniture Market Report Segments:
The global High Grade Furniture market is segmented on the basis of:
Types
Wood, Metal, Glass, Leather, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Restoration Hardware
- Hooker Furniture Corporation
- Knoll
- Kimball Hospitality
- Molteni Group
- Poltrona Frau
- Roche Bobois
- B&B Italia
- Minotti
- Ligne Roset
- Suyen Furniture Group
- Fitz Hansen
- Eichholtz
- Interi Furniture
- Edra
- Muebles Pico
- Koket
- Brabbu
- Thomas Blakemore
Highlights of The High Grade Furniture Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wood
- Metal
- Glass
- Leather
- Other
- By Application:
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Grade Furniture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High grade furniture is furniture that has been made with the best materials and craftsmanship. It typically costs more than lower quality furniture, but it is worth the extra money because it will last longer and be more comfortable.
Some of the major players in the high grade furniture market are Restoration Hardware, Hooker Furniture Corporation, Knoll, Kimball Hospitality, Molteni Group, Poltrona Frau, Roche Bobois, B&B Italia, Minotti, Ligne Roset, Suyen Furniture Group, Fitz Hansen, Eichholtz, Interi Furniture, Edra, Muebles Pico, Koket, Brabbu, Thomas Blakemore.
The high grade furniture market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Grade Furniture Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Grade Furniture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Grade Furniture Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Grade Furniture Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Grade Furniture Market Size & Forecast, 2020-2028
4.5.1 High Grade Furniture Market Size and Y-o-Y Growth
4.5.2 High Grade Furniture Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wood
5.2.2 Metal
5.2.3 Glass
5.2.4 Leather
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Grade Furniture Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Grade Furniture Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wood
9.6.2 Metal
9.6.3 Glass
9.6.4 Leather
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wood
10.6.2 Metal
10.6.3 Glass
10.6.4 Leather
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wood
11.6.2 Metal
11.6.3 Glass
11.6.4 Leather
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wood
12.6.2 Metal
12.6.3 Glass
12.6.4 Leather
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wood
13.6.2 Metal
13.6.3 Glass
13.6.4 Leather
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Grade Furniture Market: Competitive Dashboard
14.2 Global High Grade Furniture Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Restoration Hardware
14.3.2 Hooker Furniture Corporation
14.3.3 Knoll
14.3.4 Kimball Hospitality
14.3.5 Molteni Group
14.3.6 Poltrona Frau
14.3.7 Roche Bobois
14.3.8 B&B Italia
14.3.9 Minotti
14.3.10 Ligne Roset
14.3.11 Suyen Furniture Group
14.3.12 Fitz Hansen
14.3.13 Eichholtz
14.3.14 Interi Furniture
14.3.15 Edra
14.3.16 Muebles Pico
14.3.17 Koket
14.3.18 Brabbu
14.3.19 Thomas Blakemore
