Market Overview:
The global luxury chairs market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for luxury chairs from various end-use applications, such as enterprise procurement, government procurement, school procurement, and individual procurement. Additionally, the growing awareness about ergonomics and rising disposable income are also propelling the growth of this market. Based on type, the global luxury chairs market can be segmented into fixed type luxury chairs and adjustable type luxury chairs. The adjustable type Luxury Chairs segment is projected to grow at a higher CAGR than that of fixed type Luxury Chairs during the forecast period from 2018 to 2030. This can be attributed to their ability to adjust according to different body sizes and shapes which offer better comfort and support than fixed types Luxury Chairs.
Product Definition:
A luxury chair is a piece of furniture that is designed for comfort and style. It may be upholstered in leather or fabric, and may have features such as a built-in massage system, heated seats, or an adjustable headrest. Luxury chairs are often used in executive offices or other high-end settings.
Fixed Type Luxury Chairs:
Fixed Type Luxury Chairs are also known as hard chairs, they are primarily designed for people with severe arthritis or any other joint problems. These chairs have a rigid seat and back, which can provide relief to the user by limiting movement in one or more directions. The most important factor that differentiates them from soft seating is their ability to support the weight of the body without being uncomfortable.
Adjustable Type Luxury Chairs:
An adjustable type luxury chairs is a kind of recliner chair which can be adjusted in different positions. It has wheels or feet so that it can be moved around easily from one place to another. Some of the varieties also have a handle or arms for carrying purposes. These are mostly used in outdoor settings like gardens, parks, and beachfronts for comfortable seating and relaxed viewing experience.
Application Insights:
The enterprise procurement segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. The key factors driving this growth include growing demand for premium chairs from various companies and institutions, such as offices, educational institutes, hotels and restaurants etc. Moreover, increasing number of high-end chair models by major players in the market is also expected to boost industry growth over the next few years.
The government procurement segment was valued at USD 1.5 billion in 2017 owing to rising expenditure on furniture for office spaces by public sector units (PSUs).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for luxury chairs owing to growing number of corporate offices, hotels, restaurants, airports and other commercial places. Increasing disposable income coupled with rapid urbanization in developing countries such as China and India is anticipated to fuel product demand further. Moreover, rising awareness regarding health & fitness among working class population will drive product sales across this region.
North America accounted for a significant share of global revenue in 2017 due to high purchasing power of consumers from U.S.
Growth Factors:
- Increasing disposable income of the population: The luxury chairs market is expected to grow as the disposable income of the population increases. This is because people would be more inclined to spend on luxury items such as chairs.
- Rising demand for designer furniture: There is a rising demand for designer furniture, which includes luxury chairs. This is because people are becoming more aware of the importance of interior design and want their homes to look stylish and elegant.
- Growing popularity of home staging: Home staging has become popular in recent years, as it can help homeowners sell their homes faster and at a higher price point. Luxury chairs are often used in home staging to create an elegant look that will appeal to potential buyers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Chairs Market Research Report
By Type
Fixed Type Luxury Chairs, Adjustable Type Luxury Chairs, Swivel Chairs
By Application
Enterprise Procurement, Government Procurement, School Procurement, Individual Procurement
By Companies
Steelcase, Herman Miller, Haworth, HNI Group, Okamura Corporation, Kimball Office, AURORA, TopStar, Bristol, True Innovations, Steelcase, SUNON GROUP, Knoll, UE Furniture, Quama Group, UB Office Systems, Kinnarps Holding, King Hong Industrial, KI, Global Group, Teknion, Kokuyo, AIS, CHUENG SHINE, Lifeform Furniture Manufacturing, PSI Seating, ITOKI
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Chairs Market Report Segments:
The global Luxury Chairs market is segmented on the basis of:
Types
Fixed Type Luxury Chairs, Adjustable Type Luxury Chairs, Swivel Chairs
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
Enterprise Procurement, Government Procurement, School Procurement, Individual Procurement
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:
- Steelcase
- Herman Miller
- Haworth
- HNI Group
- Okamura Corporation
- Kimball Office
- AURORA
- TopStar
- Bristol
- True Innovations
- Steelcase
- SUNON GROUP
- Knoll
- UE Furniture
- Quama Group
- UB Office Systems
- Kinnarps Holding
- King Hong Industrial
- KI
- Global Group
- Teknion
- Kokuyo
- AIS
- CHUENG SHINE
- Lifeform Furniture Manufacturing
- PSI Seating
- ITOKI
Highlights of The Luxury Chairs 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:
- Fixed Type Luxury Chairs
- Adjustable Type Luxury Chairs
- Swivel Chairs
- By Application:
- Enterprise Procurement
- Government Procurement
- School Procurement
- Individual Procurement
- 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 Luxury Chairs 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
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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?
Luxury chairs are typically more expensive than other types of chairs. They often have features like high backs, armrests, and comfortable seats. They can be used for sitting or for sleeping in if they have a bed frame that is adjustable to fit different sizes.
Some of the major players in the luxury chairs market are Steelcase, Herman Miller, Haworth, HNI Group, Okamura Corporation, Kimball Office, AURORA, TopStar, Bristol, True Innovations, Steelcase, SUNON GROUP, Knoll, UE Furniture, Quama Group, UB Office Systems, Kinnarps Holding, King Hong Industrial, KI, Global Group, Teknion, Kokuyo, AIS, CHUENG SHINE, Lifeform Furniture Manufacturing, PSI Seating, ITOKI.
The luxury chairs 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 Luxury Chairs 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 Luxury Chairs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Chairs 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 Luxury Chairs 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 Luxury Chairs Market Size & Forecast, 2018-2028
4.5.1 Luxury Chairs Market Size and Y-o-Y Growth
4.5.2 Luxury Chairs Market Absolute $ Opportunity
Chapter 5 Global Luxury Chairs 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 Luxury Chairs Market Size Forecast by Type
5.2.1 Fixed Type Luxury Chairs
5.2.2 Adjustable Type Luxury Chairs
5.2.3 Swivel Chairs
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Luxury Chairs 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 Luxury Chairs Market Size Forecast by Applications
6.2.1 Enterprise Procurement
6.2.2 Government Procurement
6.2.3 School Procurement
6.2.4 Individual Procurement
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Chairs 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 Luxury Chairs 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 Luxury Chairs Analysis and Forecast
9.1 Introduction
9.2 North America Luxury Chairs 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 Luxury Chairs Market Size Forecast by Type
9.6.1 Fixed Type Luxury Chairs
9.6.2 Adjustable Type Luxury Chairs
9.6.3 Swivel Chairs
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 Luxury Chairs Market Size Forecast by Applications
9.10.1 Enterprise Procurement
9.10.2 Government Procurement
9.10.3 School Procurement
9.10.4 Individual Procurement
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 Luxury Chairs Analysis and Forecast
10.1 Introduction
10.2 Europe Luxury Chairs 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 Luxury Chairs Market Size Forecast by Type
10.6.1 Fixed Type Luxury Chairs
10.6.2 Adjustable Type Luxury Chairs
10.6.3 Swivel Chairs
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 Luxury Chairs Market Size Forecast by Applications
10.10.1 Enterprise Procurement
10.10.2 Government Procurement
10.10.3 School Procurement
10.10.4 Individual Procurement
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 Luxury Chairs Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Luxury Chairs 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 Luxury Chairs Market Size Forecast by Type
11.6.1 Fixed Type Luxury Chairs
11.6.2 Adjustable Type Luxury Chairs
11.6.3 Swivel Chairs
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 Luxury Chairs Market Size Forecast by Applications
11.10.1 Enterprise Procurement
11.10.2 Government Procurement
11.10.3 School Procurement
11.10.4 Individual Procurement
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 Luxury Chairs Analysis and Forecast
12.1 Introduction
12.2 Latin America Luxury Chairs 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 Luxury Chairs Market Size Forecast by Type
12.6.1 Fixed Type Luxury Chairs
12.6.2 Adjustable Type Luxury Chairs
12.6.3 Swivel Chairs
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 Luxury Chairs Market Size Forecast by Applications
12.10.1 Enterprise Procurement
12.10.2 Government Procurement
12.10.3 School Procurement
12.10.4 Individual Procurement
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) Luxury Chairs Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Luxury Chairs 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) Luxury Chairs Market Size Forecast by Type
13.6.1 Fixed Type Luxury Chairs
13.6.2 Adjustable Type Luxury Chairs
13.6.3 Swivel Chairs
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) Luxury Chairs Market Size Forecast by Applications
13.10.1 Enterprise Procurement
13.10.2 Government Procurement
13.10.3 School Procurement
13.10.4 Individual Procurement
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 Luxury Chairs Market: Competitive Dashboard
14.2 Global Luxury Chairs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Steelcase
14.3.2 Herman Miller
14.3.3 Haworth
14.3.4 HNI Group
14.3.5 Okamura Corporation
14.3.6 Kimball Office
14.3.7 AURORA
14.3.8 TopStar
14.3.9 Bristol
14.3.10 True Innovations
14.3.11 Steelcase
14.3.12 SUNON GROUP
14.3.13 Knoll
14.3.14 UE Furniture
14.3.15 Quama Group
14.3.16 UB Office Systems
14.3.17 Kinnarps Holding
14.3.18 King Hong Industrial
14.3.19 KI
14.3.20 Global Group
14.3.21 Teknion
14.3.22 Kokuyo
14.3.23 AIS
14.3.24 CHUENG SHINE
14.3.25 Lifeform Furniture Manufacturing
14.3.26 PSI Seating
14.3.27 ITOKI
