Luxury furniture refers to the type of furniture that is handcrafted in a way, there is no room for error. Luxury furniture is mostly made using high-quality wood and other raw materials, due to which they are costly and expensive as compared to regular furniture. Luxury furniture looks royal and has better durability than regular furniture. Luxury furniture enhances the look of the residential and commercial setting and is preferred by many customers in order to decorate homes, offices, etc. Luxury furniture is elegant and it takes more time to manufacture luxury furniture
Luxury furniture is completely handcrafted, whereas the regular ones are machine-made, due to which the luxury furniture look more royal and elegant. Luxury furniture is preferred by many customers over the regular ones as the luxury furniture adds a royal look to the homes, offices, etc. Luxury furniture can be customized by users and is also known as designer furniture. Luxury furniture is available in various varieties, which makes them a versatile product. Luxury furniture is made by highly skilled craftsmen, which has been a major factor responsible for driving the market growth.
The Global Luxury Furniture Market 2019 report presents a deep analysis of the production and manufacturing, emerging market trends, and other important factors in the luxury furniture market. The report discusses the scope for growth, key market areas for growth, etc in the luxury furniture market based on the historical and statistical data available for previous years. The report divides the market into segments based on the types and applications. The report predicts the future trends and scope of the market for the forecast period 2019-2024.
Key Players
Roche Bobois
Scavolini S.p.A.
Kimball Hospitality
Hooker Furniture Corporation
Restoration Hardware
Knoll
Minotti
Poltrona Frau
Molteni Group
B&B Italia
Eichholtz
Boca do Lobo
Ligne Roset
Muebles Pico
Interi Furniture
Fitz Hansen
Luxury Living Group (Fendi Casa)
Edra
Turri S.r.l.
Suyen Furniture Group
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Market Segmentation
Luxury furniture is made using high-quality raw materials. These raw materials offer more durability and comfort compared to the regular ones, due to which the luxury furniture is in huge demand even though they are priced highly. Many companies are entering the luxury furniture market in order to meet market demands. In order to understand the luxury furniture market in a deeper and better way, the market has been segmented into two parts, on the basis of types and applications. The types segment includes Wood, Metal, Glass, and Others. The applications segment includes residential and commercial. Residential refers to home use, whereas the commercial refers to selling or office use purposes.
Regional Overview
The research report on the global luxury furniture market analyzes the market at the regional and global levels. The report studies the growth opportunities, key market players, recent trends, market driving forces, market competitive landscape, etc in the luxury furniture market at the regional levels. The global luxury furniture market accounted for US$38440 million in the year 2018. The report suggests that the market is expected to reach US$45340 million by the end of the year 2024, growing at a CAGR of 4.2% during the period of 2019-2025. The Asia-pacific market is expected to expand at a considerable pace. China, India, and Southeast Asian countries are expected to contribute to regional market growth. The North American market would play a huge role, with the US as the lead market driving the product demand. The report additionally, analyzes the market in the regions of Europe, South America, MEA, etc along with the key areas for growth in the regions.
Industry News
Molteni, a luxury furniture design company in Italy has opened its new showroom outlet in Los Angeles. This is the first showroom of Molteni in Los Angeles. The director of Molteni says this would b a cross-pollination of Italian Elegance in Los Angeles. The furniture of the Los Angeles showroom is made using Molteni’s own handmade luxury furniture
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Table Of Content:
1 Market Overview
2 Manufacturers Profiles
3 Global Market Competition, by Players
4 Global Market Size by Regions
5 North America Revenue by Countries
6 Europe Revenue by Countries
7 Asia-Pacific Revenue by Countries
8 South America Revenue by Countries
9 Middle East and Africa Revenue by Countries
10 Global Market Segment by Type
11 Global Market Segment by Application
12 Global Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
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