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Luxury Furniture Market By Material, By End Use, By Distribution Channel,: Global Opportunity Analysis and Industry Forecast, 2020-2031

Luxury Furniture Market By Material, By End Use, By Distribution Channel,: Global Opportunity Analysis and Industry Forecast, 2020-2031

  • March 2022
  • 192 pages
  • ID: 6286245
  • Format: PDF
  • Allied Market Research


Table of Contents

Luxury Furniture Market By Material (Metal, Wood, Plastic, Glass, Leathers, Others), By End Use (Domestic Use, Commercial Use), By Distribution Channel (Online, Offline), : Global Opportunity Analysis and Industry Forecast, 2020-2031

Luxury furniture enhances the work & living environment and improves the aesthetic value of indoor & outdoor spaces in houses, hotels, and offices. Growth and development in the real estate industry drives the global luxury furniture market. Increase in disposable incomes, globalization, and considerable increase in urban population across developing countries boost the market growth. Eco-friendly luxury furniture is expected to witness higher growth during the forecast period due to the growth in eco-friendly approach of consumers. In addition, growth in online retailing would have a positive impact on the market. However, lack of skilled labor and increase in cost of raw materials are the major challenges for the market. Conversely, improvement in life style and increase in disposable income provide significant opportunities for the market growth.
Rise in penetration of various online portals in developing regions and increase in number of offers & discounts attract consumers to purchase luxury furniture products through e-commerce channels. Moreover, e-commerce channels have increased consumer reach, owing to which it has evolved as a key source of revenue for many companies. Furthermore, the e-commerce industry is expected to expand in future, owing to rapid growth in mobile users in developing markets. Increase in e-commerce sales, improvement in logistics services, ease in payment options, and facility to enter in new international markets for major brands boost growth of the luxury furniture market. However,  recent outbreak of coronavirus has significantly impacted the luxury furniture industry along with all stages of supply chain and value chain. It has affected consumer behavior with regard to purchasing luxury furniture across the globe.
The luxury furniture market is segmented into material, end use, distribution channel, and region. Depending on material, the market is classified into metal, wood, plastic, glass, leather, and others. According to end use, it is divided into domestic use and commercial use. As per the distribution channel, it is classified into online and offline. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia & New Zealand, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The report includes comprehensive analysis of the key players in the luxury furniture market, such Duresta Upholstery Ltd., Muebles Pico, Valderamobili, Giovanni Visentin, Scavolini, Laura Ashley Holding Plc, Iola Furniture Ltd., Nella Vetrina, Henredon Furniture Industries Inc., and Turri S.r.l.

?This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the luxury furniture market analysis from 2020 to 2031 to identify the prevailing market opportunities.
?The market research is offered along with information related to key drivers, restraints, and luxury furniture market opportunities.
?Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
?In-depth analysis of the luxury furniture market segmentation assists to determine the prevailing market opportunities.
?Major countries in each region are mapped according to their revenue contribution to the global market industry.
?Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
?The report includes the analysis of the regional as well as global luxury furniture market trends, key players, market segments, application areas, and luxury furniture market growth strategies.

Key Market Segments

By Material
? Others
? Metal
? Wood
? Plastic
? Glass
? Leathers

By End Use
? Domestic Use
? Commercial Use

? Online
? Offline

By Region
? North America
? U.S.
? Canada
? Mexico
? Europe
? Germany
? U.K.
? France
? Italy
? Spain
? Rest of Europe
? Asia-Pacific
? China
? Japan
? India
? South Korea
? Australia And New Zealand
? Rest of Asia-Pacific
? Brazil
? Turkey
? South Africa
? Saudi Arabia
? Rest of LAMEA
? Key Market Players
? Duresta Upholstery Ltd.
? Muebles Pico
? Valderamobili
? Giovanni Visentin
? Scavolini
? Laura Ashley Holding Plc
? Iola Furniture Ltd.
? Nella Vetrina
? Henredon Furniture Industries Inc.
? Turri S.r.l.

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