Market Overview:
The global luxury wood furniture 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 wood furniture from the residential and commercial sectors. In terms of type, the solid wood furniture segment is expected to lead the global luxury wood furniture market during the forecast period, followed by the wood-based panels furniture and miscellaneous furniture segments. The home furnishing sector is anticipated to account for a major share of the global luxury wood furniture market in terms of application during 2018-2030. However, with rising disposable incomes and changing lifestyles, there is an increasing demand for luxury wooden furnishings in offices as well.
Product Definition:
Luxury wood furniture is a type of furniture that is made from high-quality materials and often has a luxurious look and feel. It is typically used in homes or businesses where people want to impress their guests or clients. Luxury wood furniture can be very expensive, but it can also last for many years if it is well-maintained.
Solid Wood Furniture:
Solid wood furniture is produced from trees that are at least four years old and the diameter of the trunk must be more than 6 inches. The wood used for solid wood furniture can come from any species, but it should meet all the requirements for quality and durability. Some plants have a high content of lignin, which makes their fibers resistant to burning; this property makes them suitable as raw material for solid wooden items like chairs and tables.
Wood-Based Panels Furniture:
Wood-based panels furniture is manufactured from wood that has been processed and shaped into sheets. It is available in various types including engineered, solid, laminated and veneered. The product can be used for interior or exterior applications in residential as well as commercial places such as hotels, restaurants or shops. Wood-based panels are witnessing growing acceptance among consumers due to their durability along with the aesthetic appeal they offer to the building structure or space.
Application Insights:
The home furniture segment held the largest share of more than 60.0% in 2017. The growing importance of aesthetics and comfort in the modern home is expected to boost demand for luxury wood furniture, especially among high-end consumers. Home dĩcor is one of the highest priorities for a person who has spent a large amount on his/her house or apartment. Furniture with natural wood grain and unique designs add value to homes as well as provide aesthetic appeal, which makes them highly preferred among consumers globally.
Office furniture was the second largest application segment in 2017 owing to increasing demand from MNCs and SMEs across various industries including IT & telecommunication, FMCG, retail etc., especially those that require conference rooms with sophisticated yet comfortable seating arrangements for their employees or clientseleven-chair settees with ergonomic chairs are some of them).
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing disposable income, growing population, and rising real estate sector in countries such as China and India. In addition, changing lifestyles of consumers coupled with rapid urbanization are anticipated to drive demand for luxury wood furniture products over the next eight years.
Europe accounted for a major share of revenue in 2017 due to high demand from Germany and Italy on account of aesthetic appeal along with comfortability factor. Moreover, high purchasing power parity among consumers is also projected to support regional growth during the forecast period.
Growth Factors:
- Increasing disposable income of the population: The luxury wood furniture market is expected to grow as the disposable income of the population increases. This is because people would be able to afford more expensive furniture items.
- Changing lifestyle and increasing demand for home décor: There is a growing trend among people to change their lifestyle and invest in home décor products that reflect their personality and style. The luxury wood furniture market is expected to benefit from this trend.
- Rising popularity of online shopping: The popularity of online shopping is rising rapidly, especially among young consumers who prefer convenience over anything else. This is benefiting the luxury wood furniture market as consumers are now able to purchase high-end furniture items with ease from the comfort of their homes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Wood Furniture Market Research Report
By Type
Solid Wood Furniture, Wood-Based Panels Furniture, Miscellaneous Furniture
By Application
Home Furniture, Office Furniture, Others
By Companies
IKEA, Ashley Furniture Industries, NITORI, Yihua Timber, Huafeng Furniture, Dorel Industries, Nobilia, Sauder Woodworking, Suofeiya, La-Z-Boy Inc., Nolte Furniture, Hooker Furniture, QUANU, Man Wah Holdings, Natuzzi, Hülsta group, Markor, Kinnarps AB, Klaussner Furniture Industries, Doimo, Samson Holding, Sunon, Nowy Styl Group
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Wood Furniture Market Report Segments:
The global Luxury Wood Furniture market is segmented on the basis of:
Types
Solid Wood Furniture, Wood-Based Panels Furniture, Miscellaneous Furniture
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 Furniture, Office Furniture, Others
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:
- IKEA
- Ashley Furniture Industries
- NITORI
- Yihua Timber
- Huafeng Furniture
- Dorel Industries
- Nobilia
- Sauder Woodworking
- Suofeiya
- La-Z-Boy Inc.
- Nolte Furniture
- Hooker Furniture
- QUANU
- Man Wah Holdings
- Natuzzi
- Hülsta group
- Markor
- Kinnarps AB
- Klaussner Furniture Industries
- Doimo
- Samson Holding
- Sunon
- Nowy Styl Group
Highlights of The Luxury Wood 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:
- Solid Wood Furniture
- Wood-Based Panels Furniture
- Miscellaneous Furniture
- By Application:
- Home Furniture
- Office Furniture
- Others
- 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 Wood 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?
Luxury wood furniture is typically made from high-quality woods, such as oak, cherry, or mahogany. These pieces are often hand-crafted and have a more expensive look than standard wood furniture. They can be used in any room of the house and can add a touch of luxury to any space.
Some of the key players operating in the luxury wood furniture market are IKEA, Ashley Furniture Industries, NITORI, Yihua Timber, Huafeng Furniture, Dorel Industries, Nobilia, Sauder Woodworking, Suofeiya, La-Z-Boy Inc., Nolte Furniture, Hooker Furniture, QUANU, Man Wah Holdings, Natuzzi, H¼lsta group, Markor, Kinnarps AB, Klaussner Furniture Industries, Doimo, Samson Holding, Sunon, Nowy Styl Group.
The luxury wood 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 Luxury Wood 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 Luxury Wood Furniture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Wood 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 Luxury Wood 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 Luxury Wood Furniture Market Size & Forecast, 2018-2028
4.5.1 Luxury Wood Furniture Market Size and Y-o-Y Growth
4.5.2 Luxury Wood Furniture Market Absolute $ Opportunity
Chapter 5 Global Luxury Wood 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 Luxury Wood Furniture Market Size Forecast by Type
5.2.1 Solid Wood Furniture
5.2.2 Wood-Based Panels Furniture
5.2.3 Miscellaneous Furniture
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Luxury Wood 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 Luxury Wood Furniture Market Size Forecast by Applications
6.2.1 Home Furniture
6.2.2 Office Furniture
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Wood 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 Luxury Wood 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 Luxury Wood Furniture Analysis and Forecast
9.1 Introduction
9.2 North America Luxury Wood 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 Luxury Wood Furniture Market Size Forecast by Type
9.6.1 Solid Wood Furniture
9.6.2 Wood-Based Panels Furniture
9.6.3 Miscellaneous Furniture
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 Wood Furniture Market Size Forecast by Applications
9.10.1 Home Furniture
9.10.2 Office Furniture
9.10.3 Others
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 Wood Furniture Analysis and Forecast
10.1 Introduction
10.2 Europe Luxury Wood 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 Luxury Wood Furniture Market Size Forecast by Type
10.6.1 Solid Wood Furniture
10.6.2 Wood-Based Panels Furniture
10.6.3 Miscellaneous Furniture
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 Wood Furniture Market Size Forecast by Applications
10.10.1 Home Furniture
10.10.2 Office Furniture
10.10.3 Others
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 Wood Furniture Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Luxury Wood 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 Luxury Wood Furniture Market Size Forecast by Type
11.6.1 Solid Wood Furniture
11.6.2 Wood-Based Panels Furniture
11.6.3 Miscellaneous Furniture
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 Wood Furniture Market Size Forecast by Applications
11.10.1 Home Furniture
11.10.2 Office Furniture
11.10.3 Others
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 Wood Furniture Analysis and Forecast
12.1 Introduction
12.2 Latin America Luxury Wood 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 Luxury Wood Furniture Market Size Forecast by Type
12.6.1 Solid Wood Furniture
12.6.2 Wood-Based Panels Furniture
12.6.3 Miscellaneous Furniture
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 Wood Furniture Market Size Forecast by Applications
12.10.1 Home Furniture
12.10.2 Office Furniture
12.10.3 Others
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 Wood Furniture Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Luxury Wood 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) Luxury Wood Furniture Market Size Forecast by Type
13.6.1 Solid Wood Furniture
13.6.2 Wood-Based Panels Furniture
13.6.3 Miscellaneous Furniture
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 Wood Furniture Market Size Forecast by Applications
13.10.1 Home Furniture
13.10.2 Office Furniture
13.10.3 Others
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 Wood Furniture Market: Competitive Dashboard
14.2 Global Luxury Wood Furniture Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IKEA
14.3.2 Ashley Furniture Industries
14.3.3 NITORI
14.3.4 Yihua Timber
14.3.5 Huafeng Furniture
14.3.6 Dorel Industries
14.3.7 Nobilia
14.3.8 Sauder Woodworking
14.3.9 Suofeiya
14.3.10 La-Z-Boy Inc.
14.3.11 Nolte Furniture
14.3.12 Hooker Furniture
14.3.13 QUANU
14.3.14 Man Wah Holdings
14.3.15 Natuzzi
14.3.16 Hülsta group
14.3.17 Markor
14.3.18 Kinnarps AB
14.3.19 Klaussner Furniture Industries
14.3.20 Doimo
14.3.21 Samson Holding
14.3.22 Sunon
14.3.23 Nowy Styl Group
