Market Overview:
The global indoor luxury furniture market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for luxury furniture from home, hospitality, and office applications. Additionally, the growing awareness about interior design and decoration is also propelling the demand for luxury furniture across the globe. The tables, chairs & sofas segment is expected to account for a major share of the global indoor luxury furniture market in 2018. This segment is anticipated to grow at a CAGR of 5% during the forecast period owing to rising consumer preference for comfortable seating arrangements in homes and offices. The bedroom segment is also projected to witness significant growth during the forecast period on account of increasing demand from homeowners for luxurious bedroom sets.
Product Definition:
Indoor luxury furniture is furniture that is meant to be used indoors and is typically more expensive and luxurious than other types of furniture. Indoor luxury furniture can be used in a variety of settings, including homes, businesses, and hotels. The main purpose of indoor luxury furniture is to provide comfort and style.
Tables:
Tables are the most important element of indoor luxury furniture. They provide support to seating and dining areas, as well as serve other functions such as displaying items or providing storage. The global market for indoor luxury furniture is driven by growing demand for high-end design aesthetic in residential and commercial interiors.
Chairs & Sofas:
Chairs & sofas are the most popular indoor luxury furniture in the market. It is used for seating and relaxation purpose in residential as well as commercial places. The evolution of chairs has been a continuous process with constant change and development taking place over thousands of years. Initially, people sat on logs or on floors to do their day-to-day work; thus, evolved chairs that were more comfortable and convenient to sit on for a longer period of time.
Application Insights:
The home application segment accounted for the largest share of over 70.0% in 2017. The growing trend of online furniture shopping is leading to an increase in demand for premium quality products at affordable prices within a short span of time, which is positively influencing the market growth. Moreover, increasing urbanization along with rising disposable income levels among emerging middle-class population groups across developing countries such as India and China are expected to boost product demand at home applications within a few years from now.
The office application segment was valued over USD 1 billion in 2017 and is anticipated to grow at a CAGR of XX% from 2018 to 2030 owing to an increase in work pressure on employees resulting into increased spending on premium quality office chairs that provide maximum comfort during working hours only.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing disposable income, growing population, improving standards of living coupled with rising real estate sector in developing countries such as China and India. Europe accounted for a significant share of global revenue in 2017 owing to high demand from Germany, France and Italy among other Eastern European countries. North America is also projected to witness considerable growth over the next eight years due to an increase in spending capacity and home remodeling activities across U.S., Canada as well as Mexico on account of economic recovery & steady job creation scenario post-recessionary period (2009). Moreover, presence of key players such as Steelcase Inc.; Herman Miller; Knoll Inc.
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 luxury furniture.
- Growing urbanization: The growth of urbanization is leading to an increase in the demand for luxury furniture, as people are moving from rural to urban areas and are looking for better living standards.
- Rising number of nuclear families: The number of nuclear families is rising, which is resulting in an increase in demand for luxury furniture as these families have more space and need more furnishings than traditional joint families do.
- Proliferation of online retailing: Online retailing is proliferating rapidly, providing consumers with a convenient way to purchase luxury furniture products online from the comfort of their homes or offices. This has led to a rise in consumer confidence and increased sales revenues for retailers selling luxury furniture products online. 5) Increased focus on home decoration by homeowners: Homeowners are increasingly focusing on home decoration and are spending more money on purchasing high-end indoor furniture items that add value and style to their homes
Scope Of The Report
Report Attributes
Report Details
Report Title
Indoor Luxury Furniture Market Research Report
By Type
Tables, Chairs & Sofas, Bedroom, Cabinets, Accessories, Others
By Application
Home, Hospitality, Office, Other
By Companies
Restoration Hardware, Hooker Furniture Corporation, Knoll, Kimball, Molteni Group, Poltrona Frau, Roche Bobois, Scavolini S.p.A., B&B Italia, Minotti, Ligne Roset, Luxury Living Group (Fendi Casa), Suyen Furniture Group, Fitz Hansen, Eichholtz, Interi Furniture, Turri S.r.l., Boca do Lobo, Edra, Muebles Pico
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Indoor Luxury Furniture Market Report Segments:
The global Indoor Luxury Furniture market is segmented on the basis of:
Types
Tables, Chairs & Sofas, Bedroom, Cabinets, Accessories, Others
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
Home, Hospitality, Office, Other
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
- Molteni Group
- Poltrona Frau
- Roche Bobois
- Scavolini S.p.A.
- B&B Italia
- Minotti
- Ligne Roset
- Luxury Living Group (Fendi Casa)
- Suyen Furniture Group
- Fitz Hansen
- Eichholtz
- Interi Furniture
- Turri S.r.l.
- Boca do Lobo
- Edra
- Muebles Pico
Highlights of The Indoor Luxury 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:
- Tables
- Chairs & Sofas
- Bedroom
- Cabinets
- Accessories
- Others
- By Application:
- Home
- Hospitality
- Office
- Other
- 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 Indoor Luxury 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?
Indoor luxury furniture is typically high-quality, expensive furniture that is used indoors. This type of furniture can be found in homes and offices, and often features luxurious materials like wood or leather. Indoor luxury furniture can also include features like comfortable seats or pillows, which make it perfect for relaxing or working in comfort.
Some of the major companies in the indoor luxury furniture market are Restoration Hardware, Hooker Furniture Corporation, Knoll, Kimball, Molteni Group, Poltrona Frau, Roche Bobois, Scavolini S.p.A., B&B Italia, Minotti, Ligne Roset, Luxury Living Group (Fendi Casa), Suyen Furniture Group, Fitz Hansen, Eichholtz, Interi Furniture, Turri S.r.l., Boca do Lobo, Edra, Muebles Pico.
The indoor luxury furniture market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Indoor Luxury 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 Indoor Luxury Furniture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Indoor Luxury 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 Indoor Luxury 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 Indoor Luxury Furniture Market Size & Forecast, 2018-2028
4.5.1 Indoor Luxury Furniture Market Size and Y-o-Y Growth
4.5.2 Indoor Luxury Furniture Market Absolute $ Opportunity
Chapter 5 Global Indoor Luxury Furniture 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 Indoor Luxury Furniture Market Size Forecast by Type
5.2.1 Tables
5.2.2 Chairs & Sofas
5.2.3 Bedroom
5.2.4 Cabinets
5.2.5 Accessories
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Indoor Luxury Furniture 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 Indoor Luxury Furniture Market Size Forecast by Applications
6.2.1 Home
6.2.2 Hospitality
6.2.3 Office
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Indoor Luxury 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 Indoor Luxury 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 Indoor Luxury Furniture Analysis and Forecast
9.1 Introduction
9.2 North America Indoor Luxury Furniture 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 Indoor Luxury Furniture Market Size Forecast by Type
9.6.1 Tables
9.6.2 Chairs & Sofas
9.6.3 Bedroom
9.6.4 Cabinets
9.6.5 Accessories
9.6.6 Others
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 Indoor Luxury Furniture Market Size Forecast by Applications
9.10.1 Home
9.10.2 Hospitality
9.10.3 Office
9.10.4 Other
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 Indoor Luxury Furniture Analysis and Forecast
10.1 Introduction
10.2 Europe Indoor Luxury Furniture 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 Indoor Luxury Furniture Market Size Forecast by Type
10.6.1 Tables
10.6.2 Chairs & Sofas
10.6.3 Bedroom
10.6.4 Cabinets
10.6.5 Accessories
10.6.6 Others
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 Indoor Luxury Furniture Market Size Forecast by Applications
10.10.1 Home
10.10.2 Hospitality
10.10.3 Office
10.10.4 Other
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 Indoor Luxury Furniture Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Indoor Luxury Furniture 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 Indoor Luxury Furniture Market Size Forecast by Type
11.6.1 Tables
11.6.2 Chairs & Sofas
11.6.3 Bedroom
11.6.4 Cabinets
11.6.5 Accessories
11.6.6 Others
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 Indoor Luxury Furniture Market Size Forecast by Applications
11.10.1 Home
11.10.2 Hospitality
11.10.3 Office
11.10.4 Other
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 Indoor Luxury Furniture Analysis and Forecast
12.1 Introduction
12.2 Latin America Indoor Luxury Furniture 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 Indoor Luxury Furniture Market Size Forecast by Type
12.6.1 Tables
12.6.2 Chairs & Sofas
12.6.3 Bedroom
12.6.4 Cabinets
12.6.5 Accessories
12.6.6 Others
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 Indoor Luxury Furniture Market Size Forecast by Applications
12.10.1 Home
12.10.2 Hospitality
12.10.3 Office
12.10.4 Other
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) Indoor Luxury Furniture Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Indoor Luxury Furniture 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) Indoor Luxury Furniture Market Size Forecast by Type
13.6.1 Tables
13.6.2 Chairs & Sofas
13.6.3 Bedroom
13.6.4 Cabinets
13.6.5 Accessories
13.6.6 Others
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) Indoor Luxury Furniture Market Size Forecast by Applications
13.10.1 Home
13.10.2 Hospitality
13.10.3 Office
13.10.4 Other
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 Indoor Luxury Furniture Market: Competitive Dashboard
14.2 Global Indoor Luxury 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
14.3.5 Molteni Group
14.3.6 Poltrona Frau
14.3.7 Roche Bobois
14.3.8 Scavolini S.p.A.
14.3.9 B&B Italia
14.3.10 Minotti
14.3.11 Ligne Roset
14.3.12 Luxury Living Group (Fendi Casa)
14.3.13 Suyen Furniture Group
14.3.14 Fitz Hansen
14.3.15 Eichholtz
14.3.16 Interi Furniture
14.3.17 Turri S.r.l.
14.3.18 Boca do Lobo
14.3.19 Edra
14.3.20 Muebles Pico
