Luxury Furniture Market

The market is further expects to reach a value of us 32 2 billion by 2025 expanding at a cagr of 3 62 during 2020 2025.

Luxury furniture market. Major factors owing to progress in this sector include rise in disposable income that leads to rise in demand for luxury living thus influencing sector growth. Asia pacific would witness the fastest growth owing to the rise in disposable incomes. Wooden luxury furniture has gained substantial demand worldwide followed by metal.

Celebrating ten years as the industry leaders in fine home furnishings liz and robert werner understand the dynamics of creating a functional and beautiful home experience that will thrill and captivate the imagination. Luxury furniture market 2020 2024. Luxury furniture market is expected to garner 27 01 billion by 2020 registering a cagr of 4 1 during the forecast period 2015 2020.

The companies in the luxury furniture market are focusing on improving product design. Perhaps unsurprisingly italy is one of the prominent countries in the global luxury furniture market it has 29 of the top 100 global luxury furniture companies and a market share of approximately 27 percent in 2017. Luxury furniture market report published by allied market research forecasts that the global market is expected to garner 27 01 billion by 2020 registering a cagr of 4 1 during the period 2015 2020.

The growth of the luxury furniture sector is directly proportional to the adoption of e retailing methods to reduce the operating expenses in sales. Italy and luxury furniture market. Luxury furniture market overview.

According to latest industry analysis report the global luxury furniture market reached a value of around us 26 billion in 2019. The global luxury furniture market is highly competitive with the presence of major key players such as duresta upholstery ltd valderamobili s r l scavolini spa nella vetrina muebles picó s a iola furniture limited grayson luxury and cassina s p a. Notable fashion brand names such as versace are expanding into the luxury furniture area.

The fusion of luxury and design. Global luxury furniture market was valued at usd 21 389 5 million in 2014 and is expected to reach usd 28 600 7 million in 2022 growing at a cagr of 3 7 over the forecast period. Technavio presents a detailed picture of the market by the way of study synthesis and summation of data from multiple sources.