Market Overview:
The global luxury furniture market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market is segmented on the basis of type, application and region. On the basis of type, the luxury furniture market is segmented into indoor and outdoor furniture. As of 2018, luxury indoor furniture segment dominates the market contributing about 83.5% market share., while outdoor furniture segments are expected to grow at a higher CAGR during the forecast period owing to increasing demand from hospitality sector across regions. On the basis of application, home occupied largest luxury furniture consumption in 2018 with 80% share in terms revenue followed by hospitality sector with 18%.
Product Definition:
Luxury furniture is a type of furniture that is designed for people who want the best quality and style. It is often more expensive than other types of furniture, but it can be worth the investment if you plan to keep it for a long time. Luxury furniture is often made from high-quality materials, such as wood or leather, and it can last for many years if properly taken care of.
Indoor:
Indoor is the part of outdoor which is used to create a space within a building or inside a store. It's usage has been growing in recent years due to its increasing application in luxury furniture market. Indoor can be used for various purposes such as retail, events, exhibitions and others. In retail it can be used for displaying products which are not suitable for outside such as delicate items and also it gives an advantage of showing many more items than outside would allow us to see.
Outdoor:
Outdoor is the part of furniture which is used for outside use such as decks, seating areas and others. It's primary function in luxury furniture market is to provide a place to sit or lay down. Outdoor section also provides storage space either in the form of cabinets or drawers.
Application Insights:
The office application segment is expected to witness the fastest growth at a CAGR of XX% from 2018 to 2030. The growing corporate sector, which prefers modern and innovative work spaces, is likely to propel the demand for luxury furniture in the office application segment. Furthermore, companies are focusing on providing their employees with comfortable working environments that provide an excellent view of the city or landscape as per their requirements. This has led companies like IKEA to enter into an agreement with architects and designers so as to offer customized options for their offices around the world. For instance, IKEA's latest collaboration was with designer Peter Zumthor on offering his vision of a workspace within a former power plant in Austria (see picture below). Such collaborations are anticipated to drive market growth over next few years especially across Europe region where there is huge demand for such kind of customized designed spaces by big name company headquarters along with hospitality industries which occupied about 15% market share each in 2017.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, with a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing disposable income and rapid urbanization in emerging countries such as China and India. Furthermore, an increase in the number of high net worth individuals (HNWIs) has led to an increase in demand for luxury furniture including sofas, beds and chairs among others.
The Middle East & Africa is anticipated to witness significant growth over the forecast period owing to rising government investments in hospitality sector along with expanding tourism industry which will lead towards increased spending on hotels., thus driving up demand for luxury furniture such as sofas., beds., chairs etc.; In addition Luxury Apartment Market Is Growing Rapidly In UAE Due To Increase In Demand For Luxury Apartments And Condominiums; This Is Also A Major Growth Driver For The Region Over The Forecast Period (2018 To 2030).
Growth Factors:
- Increasing disposable income of the population: The luxury 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 preferences: There is a growing trend towards adopting a luxurious lifestyle, which has led to an increase in demand for luxury furniture. This trend is expected to continue in the future, driving growth in the luxury furniture market.
- Rising number of high-net-worth individuals: The number of high-net-worth individuals (HNWIs) is increasing rapidly, especially in developing countries such as China and India. This will lead to an increase in demand for luxury furniture, providing opportunities for growth in the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Furniture Market Research Report
By Type
Indoor, Outdoor, As of 2018, luxury indoor furniture segment dominates the market contributing about 83.5% market share., Luxury Furnitur
By Application
Home, Hospitality, Office, Other, In 2018, home occupied the largest luxury furniture consumption market, with 80% market share
By Companies
Restoration Hardware, Hooker Furniture Corporation, Knoll, Brown Jordan, Kimball Hospitality, Poltrona Frau, Gold Phoenix, Roche Bobois, Scavolini S.p.A., B&B Italia, Minotti, Ligne Roset, Luxury Living Group (Fendi Casa), Suyen Furniture Group, Fitz Hansen, Kettal, Eichholtz, Interi Furniture, Turri S.r.l., Paola Lenti, Edra, Manutti, Boca do Lobo, Muebles Pico, Luxury Furnitur
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Furniture Market Report Segments:
The global Luxury Furniture market is segmented on the basis of:
Types
Indoor, Outdoor, As of 2018, luxury indoor furniture segment dominates the market contributing about 83.5% market share., Luxury Furnitur
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, In 2018, home occupied the largest luxury furniture consumption market, with 80% market share
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
- Brown Jordan
- Kimball Hospitality
- Poltrona Frau
- Gold Phoenix
- Roche Bobois
- Scavolini S.p.A.
- B&B Italia
- Minotti
- Ligne Roset
- Luxury Living Group (Fendi Casa)
- Suyen Furniture Group
- Fitz Hansen
- Kettal
- Eichholtz
- Interi Furniture
- Turri S.r.l.
- Paola Lenti
- Edra
- Manutti
- Boca do Lobo
- Muebles Pico
- Luxury Furnitur
Highlights of The 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:
- Indoor
- Outdoor
- As of 2018, luxury indoor furniture segment dominates the market contributing about 83.5% market share.
- Luxury Furnitur
- By Application:
- Home
- Hospitality
- Office
- Other
- In 2018, home occupied the largest luxury furniture consumption market, with 80% market share
- 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 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 furniture is typically high-quality, expensive items that are used for decoration or to furnish a room. These items may include chairs, sofas, beds, and other pieces of furniture. They can be made from a variety of materials, including wood, leather, or fabric.
Some of the major companies in the luxury furniture market are Restoration Hardware, Hooker Furniture Corporation, Knoll, Brown Jordan, Kimball Hospitality, Poltrona Frau, Gold Phoenix, Roche Bobois, Scavolini S.p.A., B&B Italia, Minotti, Ligne Roset, Luxury Living Group (Fendi Casa), Suyen Furniture Group, Fitz Hansen, Kettal, Eichholtz, Interi Furniture, Turri S.r.l., Paola Lenti, Edra, Manutti, Boca do Lobo, Muebles Pico, Luxury Furnitur.
The luxury furniture market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Luxury Furniture Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Luxury Furniture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Luxury Furniture Market - Supply Chain
4.5. Global Luxury Furniture Market Forecast
4.5.1. Luxury Furniture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Luxury Furniture Market Size (000 Units) and Y-o-Y Growth
4.5.3. Luxury Furniture Market Absolute $ Opportunity
5. Global Luxury Furniture Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Luxury Furniture Market Size and Volume Forecast by Type
5.3.1. Indoor
5.3.2. Outdoor
5.3.3. As of 2018, luxury indoor furniture segment dominates the market contributing about 83.5% market share.
5.3.4. Luxury Furnitur
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Luxury Furniture Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Luxury Furniture Market Size and Volume Forecast by Application
6.3.1. Home
6.3.2. Hospitality
6.3.3. Office
6.3.4. Other
6.3.5. In 2018, home occupied the largest luxury furniture consumption market, with 80% market share
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Luxury Furniture Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Luxury Furniture Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Luxury Furniture Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Luxury Furniture Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Luxury Furniture Demand Share Forecast, 2019-2026
9. North America Luxury Furniture Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Luxury Furniture Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Luxury Furniture Market Size and Volume Forecast by Application
9.4.1. Home
9.4.2. Hospitality
9.4.3. Office
9.4.4. Other
9.4.5. In 2018, home occupied the largest luxury furniture consumption market, with 80% market share
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Luxury Furniture Market Size and Volume Forecast by Type
9.7.1. Indoor
9.7.2. Outdoor
9.7.3. As of 2018, luxury indoor furniture segment dominates the market contributing about 83.5% market share.
9.7.4. Luxury Furnitur
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Luxury Furniture Demand Share Forecast, 2019-2026
10. Latin America Luxury Furniture Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Luxury Furniture Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Luxury Furniture Market Size and Volume Forecast by Application
10.4.1. Home
10.4.2. Hospitality
10.4.3. Office
10.4.4. Other
10.4.5. In 2018, home occupied the largest luxury furniture consumption market, with 80% market share
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Luxury Furniture Market Size and Volume Forecast by Type
10.7.1. Indoor
10.7.2. Outdoor
10.7.3. As of 2018, luxury indoor furniture segment dominates the market contributing about 83.5% market share.
10.7.4. Luxury Furnitur
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Luxury Furniture Demand Share Forecast, 2019-2026
11. Europe Luxury Furniture Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Luxury Furniture Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Luxury Furniture Market Size and Volume Forecast by Application
11.4.1. Home
11.4.2. Hospitality
11.4.3. Office
11.4.4. Other
11.4.5. In 2018, home occupied the largest luxury furniture consumption market, with 80% market share
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Luxury Furniture Market Size and Volume Forecast by Type
11.7.1. Indoor
11.7.2. Outdoor
11.7.3. As of 2018, luxury indoor furniture segment dominates themarket contributing about 83.5% market share.
11.7.4. Luxury Furnitur
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Luxury Furniture Demand Share, 2019-2026
12. Asia Pacific Luxury Furniture Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Luxury Furniture Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Luxury Furniture Market Size and Volume Forecast by Application
12.4.1. Home
12.4.2. Hospitality
12.4.3. Office
12.4.4. Other
12.4.5. In 2018, home occupied the largest luxury furniture consumption market, with 80% market share
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Luxury Furniture Market Size and Volume Forecast by Type
12.7.1. Indoor
12.7.2. Outdoor
12.7.3. As of 2018, luxury indoor furniture segment dominates the market contributing about 83.5% market share.
12.7.4. Luxury Furnitur
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Luxury Furniture Demand Share, 2019-2026
13. Middle East & Africa Luxury Furniture Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Luxury Furniture Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Luxury Furniture Market Size and Volume Forecast by Application
13.4.1. Home
13.4.2. Hospitality
13.4.3. Office
13.4.4. Other
13.4.5. In 2018, home occupied the largest luxury furniture consumption market, with 80% market share
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Luxury Furniture Market Size and Volume Forecast by Type
13.7.1. Indoor
13.7.2. Outdoor
13.7.3. As of 2018, luxury indoor furniture segment dominates the market contributing about 83.5% market share.
13.7.4. Luxury Furnitur
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Luxury Furniture Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Luxury Furniture Market: Market Share Analysis
14.2. Luxury Furniture Distributors and Customers
14.3. Luxury Furniture Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Restoration Hardware
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hooker Furniture Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Knoll
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Brown Jordan
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kimball Hospitality
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Poltrona Frau
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Gold Phoenix
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Roche Bobois
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Scavolini S.p.A.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. B&B Italia
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Minotti
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ligne Roset
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Luxury Living Group (Fendi Casa)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Suyen Furniture Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Fitz Hansen
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Kettal
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Eichholtz
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Interi Furniture
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Turri S.r.l.
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Paola Lenti
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
