Luxury Furniture Market Overview
As per recent research by MarkNtel Advisors, the global Luxury Furniture Market size was valued at around USD 27.65 billion in 2023 & is projected to reach around USD 41.95 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.67% during the forecast period, i.e., 2024-30.
Luxury Furniture Market Dynamics
Market Drivers : Expanding Real Estate Sector to Escalate Market Growth –
During the historical years, the consistent growth of the real estate sector, especially in the luxury and upscale property segment, significantly contributed to the increased demand for high-end furniture in both residential and commercial spaces. In addition, the expansion of service-based industries, such as ICT, telecommunication, etc., has widely supported the demand for luxurious furniture during 2019-23.
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Luxury Furniture Market Segmentation Overview 2024-2030: Key Factors
By Type
-Indoor Furniture- Market Size & Forecast 2019-2030, (USD Million)
-Bedroom Furniture- Market Size & Forecast 2019-2030, (USD Million)
-Dining Furniture- Market Size & Forecast 2019-2030, (USD Million)
-Office Furniture- Market Size & Forecast 2019-2030, (USD Million)
-Kitchen Furniture- Market Size & Forecast 2019-2030, (USD Million)
-Living Room Furniture- Market Size & Forecast 2019-2030, (USD Million)
-Outdoor Furniture- Market Size & Forecast 2019-2030, (USD Million)
-Patio Furniture- Market Size & Forecast 2019-2030, (USD Million)
-Rooftop Furniture- Market Size & Forecast 2019-2030, (USD Million)
-Beachfront Furniture- Market Size & Forecast 2019-2030, (USD Million)
-Others (Poolside, Deck Furniture, etc.)- Market Size & Forecast 2019-2030, (USD Million)
By Type of Furniture
-Bed- Market Size & Forecast 2019-2030, (USD Million)
-Sofa & Couch- Market Size & Forecast 2019-2030, (USD Million)
-Table & Desk- Market Size & Forecast 2019-2030, (USD Million)
-Chair & Stool- Market Size & Forecast 2019-2030, (USD Million)
-Wardrobes & Dresser- Market Size & Forecast 2019-2030, (USD Million)
-Cabinets & Nightstand- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
By Material
-Wood- Market Size & Forecast 2019-2030, (USD Million)
-Plastic- Market Size & Forecast 2019-2030, (USD Million)
-Leather- Market Size & Forecast 2019-2030, (USD Million)
-Others (Glass, Metal, etc.)- Market Size & Forecast 2019-2030, (USD Million)
By Distribution Channel
-Direct Sales- Market Size & Forecast 2019-2030, (USD Million)
-Indirect Sales- Market Size & Forecast 2019-2030, (USD Million)
-Online Platform- Market Size & Forecast 2019-2030, (USD Million)
By End User
-Residential- Market Size & Forecast 2019-2030, (USD Million)
-Offices- Market Size & Forecast 2019-2030, (USD Million)
-Commercial & Retail- Market Size & Forecast 2019-2030, (USD Million)
-Hospitality- Market Size & Forecast 2019-2030, (USD Million)
-Others (Government Agencies, etc.)- Market Size & Forecast 2019-2030, (USD Million)
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Luxury Furniture Market Geographical Insights:
By Region:
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Key Players and Competitive Strategies in the Luxury Furniture Market
Several prominent players dominate the Luxury Furniture Market, including:
- Cassina S.p.A.
- Kimball International Inc.
- Marge Carson
- Fendi Casa
- Brown Jordan Inc.
- B&B Italia
- Marioni
- Boca Do Lobo
- Duresta
- Other
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Questions Addressed in this Study
1.How big is the Luxury Furniture Market Size?
2.What is the Luxury Furniture Market Growth?
3.Who are the key players of the Luxury Furniture Market?
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