PUNE,
India, July 22, 2024 /PRNewswire/ -- Market
Decipher published its latest research report – "Luxury Furniture
Market Report" estimating luxury furniture industry at
$24 Billion in 2024, growing at 5.5%
CAGR during 2024 to 2034. The report offers a detailed analysis of
the luxury furniture industry landscape, including key market
trends, growth drivers, challenges, and opportunities. The
comprehensive research report by Market Decipher provides valuable
insights into the current market scenario and future prospects for
the luxury furniture industry.
Get Sample Report:
https://www.marketdecipher.com/report/luxury-furniture-market
"The demand for luxury furniture is on the rise owning to
shift in consumer preference and awareness of aesthetics and
environment-friendly products for homes and offices. This trend is
apparent most in home, office, hotel or restaurants, for instance,
exclusive furniture and wooden flooring."
- Ranjan Singh (Research Head,
Market Decipher)
The increasing of disposable income and wealth particularly
across the emergent economies is highly influential in the demand
for luxury furniture. As the purchasing power of individuals rises,
they are willing to spend on luxurious and better-quality furniture
to display their standard and improve their interior. The global
population with higher purchasing power is also growing
significantly, especially in countries belonging to Asia-Pacific and Middle Eastern countries
leading to high demand for luxury furniture. Additionally, the
emerging urbanization is factor that is increasing the demand of
luxury furniture market. This shift towards urbanization coupled
with the fact that people in urban areas prefer elegance and style
when it comes to home furnishing is the main reason that consumers
are going for luxurious furniture pieces that will suit their new
way of life.
For more information or to purchase the full report, please
visit
https://www.marketdecipher.com/report/luxury-furniture-market
Key Development
- In May 2024, Casamia collaborate
with Edra to highlight top-notch Italian design in furniture,
emphasizing style and quality craftsmanship.
- In April 2024, Faye Toogood and Poltrona Frau reveal their
collaboration, blending English folk style with Italian
craftsmanship.
- In Feb 2024, Cassina announced
their outstanding partnership with Bottega Veneta the maison's
Winter 24 fashion show.
- In Jan 2024, Haworth and
Architype have announced strategic partnership for representation
and design support.
- In Dec 2023, Ralph Lauren partners with Haworth to launch a
strategic collaboration focused on creating luxury furniture
collections.
- In July 2023, Herman Miller has partnered with Gabriel Tan for the first time to launch two new
projects focused on organic and modular design.
Luxury Furniture Market Segmentation
By Raw Material
- Wood
- Metal
- Plastic
- Leathers
- Glass
- Others
By Product Type
- Beds
- Table
- Doors
- Chairs
- Sofas & Lounges
- Kitchen
- Lightening
- Interior accessories
- Others
By End-Users
- Residential
- Commercial
- Institutional
By Distribution Channels
- Online
- Specialty Stores
- Interior Designers and Architects
- Auctions and Antique Dealers
- Others Distribution Channels
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Latin America
- Middle East & Africa
Key Players
- SCAVOLINI S.P.A.
- Cassina S.p.A
- Kimball International, Inc.
- Brown Jordan International
- Herman Miller, Inc. (Knoll
Inc)
- Vivono
- Boca do Lobo
- DURESTA
- Haworth, Inc.
- MUEBLES PICO SA
Get Luxury Furniture Market Research Report:
https://www.marketdecipher.com/report/luxury-furniture-market
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About Market Decipher
Market Decipher is a market research and consultancy firm
involved in provision of market reports to organisations of varied
sizes; small, large and medium. At Market Decipher, we concentrate
on articulating relevant business policies conditional to the
specific market domain for a sustainable growth. The services
provided by us include syndicated research and custom research.
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SOURCE Market Decipher