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Global Luxury Furniture Market to reach USD 36.3 billion by 2026.

Global Luxury Furniture Market Size study, by Type (Chairs, Tables, Upholstery, Others), by Application (Corporation, Hospitality Industry, Shop-Fitting Industry, Others) and Regional Forecasts 2019-2026

Product Code: OIRHG_96100768
Publish Date: 6-09-2019
Page: 200

Global Luxury Furniture Market valued approximately USD 24.1 billion in 2018 is anticipated to grow with a healthy growth rate of more than 5.22% over the forecast period 2019-2026. The Luxury Furniture Market is continuously growing in the global scenario at significant pace. Luxury furniture refers to the premium quality articles like tables, chairs, or beds, which are often made by skilled craftsmen. It is used to enhance the aesthetic value of an institution such as homes, hotels, offices and other indoor or outdoor areas. Growth and developments in the real estate industry, rise in disposable incomes, increase in the population living in urban areas and growing environmental consciousness among consumers are the substantial driving factors of the market during the forecast period. Moreover, rising development of multifunctional furniture is the factor which likely to create numerous opportunity in the market during the forecast period. Further, luxury furniture offers several benefits such as it is more durable, it is more eco-friendly manufacturing process, it has high sustainability and many more. These benefits are also boosting the demand of luxury furniture among its end-users across the globe. However, lack of skilled workforce and presence of fake material are the factors that limiting the market growth of Luxury Furniture across the globe.
The regional analysis of Global Luxury Furniture Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share due to rapidly growing advancements in luxurious furniture and increasing disposable income of the individuals in the region. Further, Europe is estimated to grow at higher growth rate in the global Luxury Furniture market over the upcoming years. Asia-Pacific is also anticipated to exhibit higher growth rate/CAGR over the forecast period 2019-2026 due to changing lifestyle & consumer behavior and rising urbanization among people in the region.
The major market player included in this report are:
Steel Case
Ashley Furniture Industries
Inter IKEA Group
Sears Holdings
Haworth
Herman Miller
HNI
Kimball International
Knoll
KOKUYO Furniture
Poltrona Frau
Masco
Mercury Row
Red Barrel Studio

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Chairs
Tables
Upholstery
Others

By Application:

Corporation
Hospitality Industry
Shop-Fitting Industry
Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Luxury Furniture Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Key Trends
1.3. Global & Segmental Market Estimates & Forecasts, 2016-2026 (USD Billion)
1.3.1. Luxury Furniture Market, by Type, 2016-2026 (USD Billion)
1.3.2. Luxury Furniture Market, by Application, 2016-2026 (USD Billion)
1.3.3. Luxury Furniture Market, by Region, 2016-2026 (USD Billion)
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Luxury Furniture Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Luxury Furniture Market Dynamics
3.1. See Saw Analysis
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Luxury Furniture Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Buyers
4.1.2. Bargaining Power of Suppliers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.2. PEST Analysis
4.2.1. Political Scenario
4.2.2. Economic Scenario
4.2.3. Social Scenario
4.2.4. Technological Scenario
4.3. Key Buying Criteria (On Demand)
4.4. Regulatory Framework (On Demand)
4.5. Investment Vs Adoption Scenario (On Demand)
4.6. Analyst Recommendation & Conclusion
Chapter 5. Luxury Furniture Market, by Type
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Key Market Players
5.4. Luxury Furniture Market, Sub Segment Analysis
5.4.1. Chairs
5.4.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
5.4.1.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.4.2. Tables
5.4.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
5.4.2.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.4.3. Upholstery
5.4.3.1. Market estimates & forecasts, 2016-2026 (USD Billion)
5.4.3.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.4.4. Others
5.4.4.1. Market estimates & forecasts, 2016-2026 (USD Billion)
5.4.4.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
Chapter 6. Luxury Furniture Market, by Application
6.1. Market Snapshot
6.2. Market Performance – Potential Model
6.3. Key Market Players
6.4. Luxury Furniture Market, Sub Segment Analysis
6.4.1. Corporation
6.4.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
6.4.1.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
6.4.2. Hospitality Industry
6.4.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
6.4.2.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
6.4.3. Shop-Fitting Industry
6.4.3.1. Market estimates & forecasts, 2016-2026 (USD Billion)
6.4.3.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
6.4.4. Others
6.4.4.1. Market estimates & forecasts, 2016-2026 (USD Billion)
6.4.4.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
Chapter 7. Luxury Furniture Market, by Regional Analysis
7.1. Luxury Furniture Market, Regional Market Snapshot (2016-2026)
7.2. North America Luxury Furniture Market Snapshot
7.2.1. U.S.
7.2.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.2.1.2. Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.2.1.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.2.2. Canada
7.2.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.2.2.2. Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.2.2.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3. Europe Luxury Furniture Market Snapshot
7.3.1. U.K.
7.3.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.3.1.2. Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.1.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.2. Germany
7.3.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.3.2.2. Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.2.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.3. Rest of Europe
7.3.3.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.3.3.2. Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.3.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4. Asia-Pacific Luxury Furniture Market Snapshot
7.4.1. China
7.4.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.1.2. Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.1.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.2. India
7.4.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.2.2. Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.2.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.3. Japan
7.4.3.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.3.2. Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.3.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.4. Rest of Asia Pacific
7.4.4.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.4.2. Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.4.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5. Latin America Luxury Furniture Market Snapshot
7.5.1. Brazil
7.5.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.5.1.2. Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5.1.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5.2. Mexico
7.5.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.5.2.2. Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5.2.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.6. Rest of The World
7.6.1. Middle East and Africa
7.6.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.6.1.2. Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.6.1.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
Chapter 8. Competitive Intelligence
8.1. Company Market Share (Subject to Data Availability)
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Steel Case
8.3.1.1. Overview
8.3.1.2. Financial (Subject to Data Availability)
8.3.1.3. Summary
8.3.1.4. Recent Developments
8.3.2. Ashley Furniture Industries
8.3.3. Inter IKEA Group
8.3.4. Sears Holdings
8.3.5. Haworth
8.3.6. Herman Miller
8.3.7. HNI
8.3.8. Kimball International
8.3.9. Knoll
8.3.10. KOKUYO Furniture
8.3.11. Poltrona Frau
8.3.12. Masco
8.3.13. Mercury Row
8.3.14. Red Barrel Studio
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.1.6. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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