Reports
Sale
Global Luxury Furniture Market Size, Share, Trends, Forecast: By Material: Metal, Wood, Plastic, Glass, Others; By End-Use: Domestic Use, Commercial Use; By Distribution Channel: Online, Offline; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Luxury Furniture Market Outlook
The global luxury furniture market size reached a value of approximately USD 25.38 billion in 2023. The market is projected to grow at a CAGR of 5.3% between 2024 and 2032, reaching a value of around USD 40.33 billion by 2032.
Key Trends in the Market
Luxury furniture refers to high-end, premium-quality furniture that is designed and crafted with superior materials, exquisite detailing, and sophisticated aesthetics. It is often associated with luxury living spaces and is intended to provide improved comfort, elegance, and exclusivity. Luxury furniture pieces are known for their exceptional craftsmanship, unique designs, and attention to detail.
- The global luxury furniture market growth is being driven by several factors, including the thriving real estate sector and the growing urban population, especially in developing economies. Increased spending on luxury furniture for domestic use is also contributing to the market expansion.
- The flourishing hospitality, commercial, and infrastructure sectors further fuels the demand for luxury indoor and outdoor furniture in offices and hotels. The popularity of luxury indoor furniture for various spaces like bedrooms, bathrooms, and kitchens is also expected to boost the luxury furniture market demand.
- There is an increasing demand for luxury furniture made from premium wood such as mahogany and alder. Manufacturers are also focusing on developing innovative furniture pieces using materials like leather, glass, and metal to attract consumers, hence supporting the market development.
Market Analysis
On the basis of material, the global luxury furniture market segmentations are metal, wood, plastic, and glass, among others. Based on end-use, the market is divided into domestic and commercial use. By distribution channel, the market is bifurcated into online and offline. On the basis of region, the market divisions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global luxury furniture market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Duresta Upholstery Ltd.
- Muebles Pico SA
- Valderamobili (S.R.L.)
- Giovanni Visentin Srl
- Modloft
- Laura Ashley Holding plc
- ROSET SAS
- Nella Vetrina
- Turri srl
- Koket
- Others
Market Share by Material
As per the luxury furniture market analysis, luxury furniture pieces made of wood and metal are gaining popularity among consumers due to their great aesthetic value and durability. The development of luxury eco-friendly and multipurpose furniture made with wood and metal is also fostering the market expansion.
Moreover, luxury furniture pieces made of glass are gaining popularity as they can enhance the aesthetics of a space, are compatible with various materials, and offer enhanced reliability.
Market Share by Region
Europe holds a prominent portion of the global luxury furniture market share. In this region, key players are actively launching their online platforms and forming partnerships with e-commerce retailers to enhance their distribution networks.
Meanwhile, the Asia Pacific region is expected to witness a healthy growth in the forecast period owing to rapid urbanisation and the increasing number of affluent individuals in countries like Hong Kong, China, Japan, and Singapore, among others.
Competitive Landscape
Duresta Upholstery Ltd. is a well-known British luxury furniture manufacturer specialising in upholstered furniture. The company is known for its high-quality craftsmanship and designs, offering a range of sofas, chairs, and other upholstered pieces.
Muebles Pico is a Spanish company involved in the production of luxury furniture. It offers a diverse selection of furniture items, catering to different styles and preferences, and is known for its elegant designs and attention to detail.
Valderamobili (S.R.L.) is an Italian luxury furniture manufacturer that focuses on creating high-end furniture products, particularly in the bedroom and living room categories. Its pieces often feature a combination of traditional craftsmanship and contemporary design.
Other luxury furniture market key players are Giovanni Visentin Srl, Modloft, Laura Ashley Holding plc, ROSET SAS, Nella Vetrina, Turri srl, and Koket, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Material |
|
| Breakup by End-Use |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Luxury Furniture Market Analysis
8.1 Key Industry Highlights
8.2 Global Luxury Furniture Historical Market (2018-2023)
8.3 Global Luxury Furniture Market Forecast (2024-2032)
8.4 Global Luxury Furniture Market by Material
8.4.1 Metal
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Wood
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Plastic
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Glass
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Luxury Furniture Market by End-Use
8.5.1 Domestic Use
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Commercial Use
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Luxury Furniture Market by Distribution Channel
8.6.1 Online
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Offline
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
9 Global Luxury Furniture Market by Region
9.1.1 North America
9.1.1.1 Historical Trend (2018-2023)
9.1.1.2 Forecast Trend (2024-2032)
9.1.2 Europe
9.1.2.1 Historical Trend (2018-2023)
9.1.2.2 Forecast Trend (2024-2032)
9.1.3 Asia Pacific
9.1.3.1 Historical Trend (2018-2023)
9.1.3.2 Forecast Trend (2024-2032)
9.1.4 Latin America
9.1.4.1 Historical Trend (2018-2023)
9.1.4.2 Forecast Trend (2024-2032)
9.1.5 Middle East and Africa
9.1.5.1 Historical Trend (2018-2023)
9.1.5.2 Forecast Trend (2024-2032)
10 North America Luxury Furniture Market Analysis
10.1 United States of America
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Canada
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Europe Luxury Furniture Market Analysis
11.1 United Kingdom
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Germany
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 France
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Italy
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Asia Pacific Luxury Furniture Market Analysis
12.1 China
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Japan
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 India
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 ASEAN
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Latin America Luxury Furniture Market Analysis
13.1 Brazil
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Argentina
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Mexico
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Middle East and Africa Luxury Furniture Market Analysis
14.1 Saudi Arabia
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 United Arab Emirates
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Nigeria
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 South Africa
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Duresta Upholstery Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Muebles Pico SA
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Valderamobili (S.R.L.)
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Giovanni Visentin Srl
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Modloft
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Laura Ashley Holding plc
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 ROSET SAS
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Nella Vetrina
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Turri srl
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Koket
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Luxury Furniture Market: Key Industry Highlights, 2018 and 2032
2. Global Luxury Furniture Historical Market: Breakup by Material (USD Billion), 2018-2023
3. Global Luxury Furniture Market Forecast: Breakup by Material (USD Billion), 2024-2032
4. Global Luxury Furniture Historical Market: Breakup by End-Use (USD Billion), 2018-2023
5. Global Luxury Furniture Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
6. Global Luxury Furniture Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Luxury Furniture Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Luxury Furniture Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Luxury Furniture Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Luxury Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Luxury Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Luxury Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Luxury Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Luxury Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Luxury Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Luxury Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Luxury Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Luxury Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Luxury Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Luxury Furniture Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 25.38 billion.
The market is projected to grow at a CAGR of 5.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 40.33 billion by 2032.
Improving standard of living, rapid urbanisation, and the robustly growing commercial and hospitality sectors are the major market drivers.
The rising demand for furniture made from premium wood like mahogany and the growing availability of luxury furniture on e-commerce channels are the key trends of the market.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and Middle East and Africa.
The various distribution channels in the market are online and offline.
The key players of the market are Duresta Upholstery Ltd., Muebles Pico SA, Valderamobili (S.R.L.), Giovanni Visentin Srl, Modloft, Laura Ashley Holding plc, ROSET SAS, Nella Vetrina, Turri srl, and Koket, among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER