Overview of Luxury Furniture Market Report Helps In Providing Scope and Definitions, Key Findings, Growth Drivers, Industry by Sales, Revenue, Key Players, Future Forecast and Various Dynamics.
Manhattan, United States - August 6, 2019 /MarketersMedia/ —
Luxury Furniture Market is expected to reach US$27 billion at a CAGR of 4.50 % during forecast year.
Luxury Furniture Market is segmented by material, distribution channel, end-user, and region. Based on the material luxury furniture market divided into Glass, Metal, Plastic, Leather and Wood. By distribution channel is distributed into luxury furniture market departmental stores, online sales, independent furniture retailers, and Factory Outlets. Based on the end user industry luxury furniture market is segregated into commercial and domestic and In terms of region, Luxury Furniture Market is segmented into North America, Europe, Asia-Pacific, Middle East Africa, and Latin America.
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Growing urbanization and industrialization, rising permeation of online retailing in developing nations are manipulating customers for acquiring luxury furniture turn to raise growth in the luxury furniture market. Increasing awareness of modern lifestyle increases the growth in the luxury furniture market. High initial cost is limiting the growth in the luxury furniture market.
Based on the material, the luxury furniture market is expected to dominate at high growth by wood material. Wooden furniture is used for their beautiful natural look. Wooden furniture offers flexibility, durability and it is easy to maintain comfortably. Furthermore, furniture key players are introducing materials in the design of luxury furniture like metal, leather, glass to replace wood.
By distribution channel, online sales segment is estimated to grow at high CAGR in the luxury furniture market. Online retailing provides more discounts and wider options to purchase the furniture. The online platform becomes popular owing to that it provides the delivery to the doorstep by order of products. With an online platform, a consumer can compare the price of luxury furniture on different websites. Online platforms provide the home delivery and free shipping and Exchange & return offer turns to increase the luxury furniture market.
By application, Domestic application segment is expected to witness high growth in luxury furniture market owing to increasing demand in the array of domestic applications such as bedroom, bathroom, kitchen, lighting, outdoor and others. Furthermore, the commercial segment is anticipated to grow in the luxury furniture market. The commercial segment is subdivided on the basis of hospitality, office, and others.
In terms of region, Europe holds the large market share in the luxury furniture market owing to the increasing the demand of luxury furniture for the modern lifestyle. Followed by Europe, Asia-Pacific is accounted to grow at the high rate of CAGR owing to the growing population in developing countries such as China and India.
Key players profiled and analyzed in the report
Durham, Alfresco, Stickley, Century, Drexel Heritage, IKEA, Lifestyles Iola Furniture Ltd., Turri S.r.l, Herman Miller, Inc., Heritage Home Group LLC, Muebles Pico, Nella Vetrina, Laura Ashley Folding PLC, VALDERAMOBILI , Scavolini S.p.A., Henredon Furniture Industries, Inc., Giovanni Visentin srl, Inter IKEA Systems, Heritage Home Group, Herman Miller, HNI, MUEBLES PICO, Steinhoff International, and Williams-Sonoma
The scope of the Luxury Furniture Market:
By Material:
Glass
Metal
Plastic
Leather
Wood
By distribution channel:
Departmental Stores
Online Sales
Independent Furniture Retailers
Factory Outlets
By end user:
Commercial
Domestic
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By region:
North America
Europe
Asia-Pacific
Middle East Africa
Latin America
Key players in Luxury Furniture Market:
Durham
Alfresco
Stickley
Century
Drexel Heritage
IKEA
Lifestyles Iola Furniture Ltd.
Turri S.r.l
Herman Miller, Inc.
Heritage Home Group LLC
Muebles Pico
Nella Vetrina
Laura Ashley Folding PLC
VALDERAMOBILI
Scavolini S.p.A.
Henredon Furniture Industries, Inc.
Giovanni Visentin srl
Inter IKEA Systems
Heritage Home Group
Herman Miller
HNI
MUEBLES PICO
Steinhoff International
Williams-Sonoma
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Table of Content:
1. Preface
2. Assumptions and Research Methodology
3. Executive Summary
4. Market Overview
5. Global Luxury Furniture Market Analysis and Forecast
6. Global Luxury Furniture Market Analysis and Forecast, by Distribution channel
7. Global Luxury Furniture Market Analysis and Forecast, by End user
8. Global Luxury Furniture Market Analysis and Forecast, by Material
9. Global Luxury Furniture Market Analysis, by Region
10. North America Luxury Furniture Market Analysis
11. Europe Luxury Furniture Market Analysis
12. Asia Pacific Luxury Furniture Market Analysis
13. Middle East & Africa Luxury Furniture Market Analysis
14. Latin America Luxury Furniture Market Analysis
15. Company Profiles
16. Primary Key Insights
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