The report on the global Luxury Furniture market includes an in-depth projection and analysis on a national, regional, and global level. The study provides historical information concerning the market and estimations over the forecast period, where 2018 is the base year and 2025 is the end of the period timeline. The report states the present market volume as well as the revenue and offers a calculated future estimation. The report includes various drivers and constraints that are impacting or have the potential to impact the global market in the coming years. Add to this, the report provides insights and information concerning the future opportunities and trends in the market, in both globular and regional level.
Luxury furniture is considered as a work of art, manufactured and crafted with an extreme level of finish, and of superlative quality. It is usually manufactured using the best materials such as ancient wood, top quality leather, and fine glass. Luxury furniture refers to a movable kind of furniture crafted by skilled carpenters using the genuine quality material and designed with zero chances for error. It adds to the aesthetic value of the household and commercial establishments, such as offices, hotels, homes and other outdoor and indoor areas.
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Major Key Players
Restoration Hardware
Hooker Furniture Corporation
Knoll
Kimball Hospitality
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
Market segmentation
The global luxury furniture market can be segmented based on region, raw material, and applications.
Market segmentation with respect to raw material/product type-
- Wood
- Metal
- Glass
- Others
In the year 2018, the Wood segment accounted for an important share of 46.86% in the global Luxury Furniture industry. This segment is also supposed to reach US$23624 million by the year 2025 from US$17510 million in the year 2018.
Global luxury furniture Market segmentation with respect to the application-
- Commercial
- Residential
It is expected that in the worldwide Luxury Furniture market, the Residential subsequent carries an important share with respect to application, and it is anticipated to attain a value of US$40414 million by the year 2025, at a CAGR of 4.49% during the forecast timespan. This segment includes a living room, bedroom, dining room, and luxury toilet furnishings.
The Commercial subsequent includes hotels, offices, and others.
Region-based segmentation
North America, Europe and the Asia Pacific including India and China are the key regions that support the growth of the global luxury furniture.
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