Report Description Table of Contents In 2020, the Global Luxury Furniture Market share was USD 27.63 billion. It is predicted to reach USD 41.82 billion by 2030, representing a CAGR of 4.23% throughout the forecasted period. Market Drivers: - (Increase in rate of rapid urbanization and rise in demand for Home Furnishings) The continuous growth in demand for Home Furnishings is the primary factor that efficiently drives this segment's overall growth. In May 2021, the USA furniture and its home furnishing store sales were anticipated to reach a landmark of approximately 12.13 billion USD, which was slightly greater than the last month when the sales stood at USD 12.12 billion. Apart from the increase in the growth of home furnishings, the increase in the rate of rapid urbanization is also fuelling the overall market growth significantly. A majority of the world's population resides in urban areas. The total share of the world's population residing in urban areas is expected to increase from 55 % in 2018 to 60 % in 2030. Further, the increase in manufacturing ofLuxury Folding Dining Chairs, Luxury Counter Stools, Luxury Ottoman Bed, Luxury Round Beds, Luxury Leather Bar Stools, Modern Luxury Bed, Luxury Sofas, and Bentley Home Furniture is enhancing the overall market growth. Restraints: - (Lack of skilled workers and higher cost of raw materials) The scarcity of highly skilled workers across the global luxury furniture market and the increased price of raw materials are the key challenges for the industry, thereby obstructing the market growth widely. Opportunities: - (Huge increase in fundings by the worldwide governments on home furnishings) Governments from all across the globe are widely focusing on increasing funds for the enhancement of home furnishings, which is likely to create ample opportunities for the market in the future. Global Luxury Furniture Market Analysis: - Segmentations: The Global Luxury Furniture Market segmentation is performed based on Material, End-User, and Regions. By Material Wood Plastic Leather Metal Glass Others By End-User Domestic use · Living & Bedroom · Kitchen · Lighting · Outdoor · Bathroom Commercial use · Hospitality · Office · Others Based on Regions: North America U.S. Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific China India Indonesia South Korea Thailand Japan Singapore Malaysia Philippines Australia New Zealand Rest of APAC LAMEA Brazil Saudi Arabia Uruguay Argentina Rest of LAMEA Based on Material, the 'Wood' segment dominated the market with almost 46.23 % of the entire market share in 2020. Wooden furniture is mostly used for its beautiful natural look, easy maintenance, high resilience, and durability. All of these factors augment the overall growth of this segment significantly. Based on End-User, the 'Domestic Use' segment held the highest market share of nearly 67.21 % (around 18.77 billion) in 2020, with a CAGR of 4.73%. Well-designed and crafted ornamental pieces of furniture are mostly used in the kitchen areas, at the entrance door, and bedroom or living room of the domestic houses, which is accelerating the overall market growth comprehensively. Based on Region, the Luxury Furniture Market in Europe held the largest share of the market with a CAGR of 4.14%, followed by North America. The presence of highly skilled workers, larger availability of quality wood, and increase of funds by the European government are the major reasons propelling the market's growth in this region. The Luxury Furniture Market in UK in 2020-21 is expected to rise by approximately 3.8% from USD 11.26 billion in 2019. The Asia-Pacific region accounted for the fastest growth rate in the market during the estimated period of 2020-2030. The Luxury Furniture Market in Chinahas the fastest and biggest developing furniture market in the APAC region, owing to the continuous growth in disposable incomes and the standard of living. Global Luxury Furniture Market: Competitive Landscape Analysis The competitive landscape analysis is crucial to obtain an overall idea regarding the variety of competitors in the global market environment. The comparison is conducted based on market initiatives, investment in R&D, total revenue generation, a 360-degree company overview, company strengths and weaknesses, market potential, company financials, production sites and facilities, global presence, production capacity, etc. Vital Players That are included In TheGlobal Luxury Furniture Market Pdf Reportare: Kannustalo Ltd Duresta Upholstery Ltd. Muebles Pico Cassina Giovanni Visentin Scavolini Laura Ashley Holding Plc Valderamobili Iola Furniture Ltd. Nella Vetrina Henredon Furniture Industries Inc. Turri S.r.l. Global Luxury Furniture Market: Recent Developments In July 2020, Cassina joined hands with Mobilia, an Australia-based company specializing in manufacturing high-end design furniture worldwide. This partnership would signify Mobilia as an exclusive distributor of Cassina in the Australian territory. Mobilia had also planned to extend its reach to the Eastern states of Australia. In May 2019, the assets of Castelle Furniture Co. Inc. and its operations in Costa Rica were acquired by Brown Jordan International. This combined organization is headquartered in St. Augustine, Florida, USA, and is also involved in manufacturing and designing furniture and administrative operations across 5 states in the United States, Mexico, Juarez, and Costa Rica. Frequently Asked Question About This Report na 1. Introduction 1.1. Study Objective 1.2. Market Definition 1.3. Study Scope 1.3.1. Markets Covered 1.3.2. Geographic Scope 1.3.3. Years Considered 1.3.4. Stakeholders 2. Research Methodology 2.1. Data Procurement 2.2. Paid Database 2.2.1. Secondary Data 2.2.1.1. Key Secondary sources 2.2.2. Primary Data 2.2.2.1 Primary sources 2.2.2.2. Key industry insights 2.2.2.3. Primary interviews with experts 2.2.2.4. Key primary respondent list 2.3. Market Size Estimation 2.4. Bottom-Up and Top-Down Approaches 2.4.1. Bottom-Up Approach 2.4.1.1. Approach for arriving at market size by bottom-up analysis 2.4.2. Top-Down Approach 2.4.2.1. Approach for Capturing Market Size by Top-Down Analysis 2.5. Market Breakdown and Data Triangulation 2.6. Research Methodology 2.7. Risk Assessment 3. Executive Summary 3.1 Luxury Furniture Market: Post-Covid-19 3.1.1 Actual Scenario 3.1.2 Pessimistic Scenario 3.1.3 Optimistic Scenario 3.1.4 Market Summary 4. Industry Outlook 4.1 Market Snapshot 4.2 Global Luxury Furniture Market 4.2.1 Global Luxury Furniture market, 2020 – 2028 (USD Million) 4.3 Regional Business Analysis 4.3.1 Global Luxury Furniture market, by Region, 2020 - 2028 (USD Million) 4.4 Material Business Analysis 4.4.1 Global Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 4.5 End-User Business Analysis 4.5.1 Global Luxury Furniture market, By End-User, 2020 - 2028 (USD Million) 4.6 Value Chain Analysis 4.7 Market Variable Analysis 4.7.1 Market Drivers Analysis 4.7.2 Market Restraints Analysis 4.8 Business Environment Analysis Tool 4.8.1 Luxury Furniture market PEST analysis 4.8.2 Luxury Furniture market Porter’s analysis 4.9 Penetration & Growth Prospect Mapping 5. Market Dynamics 5.1. Introduction 5.2. Market Dynamics 5.2.1. Drivers 5.2.2. Restraints 5.2.3. Opportunities 5.2.4. Challenges 5.3. Impact of Covid-19 On Luxury Furniture Market 5.4. Value Chain Analysis 5.5. Ecosystem 5.6. Patent Analysis 5.7. Trade Analysis 5.8. Tariff Analysis 5.9. Case Study Analysis 5.10. Porter’s Five Forces Analysis 5.10.1 Threat of New Entrants 5.10.2 Threat of Substitutes 5.10.3 Bargaining Power of Buyers 5.10.4 Bargaining Power of Suppliers 5.10.5 Degree of Competition 5.11. Technology Analysis 5.11.1. Trends in Technology (2014-2020) 5.11.2. Trends in Technology (2021-2028) 5.12. Pricing Analysis 5.12.1. Average Price Trend Analysis (By region, By Countries) 6. Competitive & Vendor Landscape 6.1. Company Market Share Analysis 6.2. Manufacturers Luxury Furniture Manufacturing Sites, Area Served, Material 6.3. Luxury Furniture Market Competitive Situation and Trends 6.4. Manufacturers Mergers & Acquisitions, Expansion Plans 7. Global Luxury Furniture Market: By Material Segment Analysis 7.1. Introduction 7.2. Sales Volume & Revenue Analysis (2020-2028) 7.3. Wood 7.3.1. Wood market, 2020 - 2028 (USD Million) 7.4. Plastic 7.4.1. Plastic market, 2020 - 2028 (USD Million) 7.5. Leather 7.5.1. Leather market, 2020 - 2028 (USD Million) 7.6. Metal 7.6.1. Metal market, 2020 - 2028 (USD Million) 7.7. Metal 7.7.1. Metal market, 2020 - 2028 (USD Million) 7.8. Glass 7.8.1. Glass market, 2020 - 2028 (USD Million) 7.9. Others 7.9.1. Others market, 2020 - 2028 (USD Million) 8. Global Luxury Furniture Market: By End-User Segment Analysis 8.1. Introduction 8.2. Sales Volume & Revenue Analysis (2020-2028) 8.3. Domestic use 8.3.1. Domestic use market, 2020 - 2028 (USD Million) 8.3.1.1 Living & Bedroom market, 2020 - 2028 (USD Million) 8.3.1.2 Kitchen market, 2020 - 2028 (USD Million) 8.3.1.3 Lighting market, 2020 - 2028 (USD Million) 8.3.1.4 Outdoor market, 2020 - 2028 (USD Million) 8.3.1.5 Bathroom market, 2020 - 2028 (USD Million) 8.4. Commercial use 8.4.1. Commercial use market, 2020 - 2028 (USD Million) 8.4.1.1 Hospitality market, 2020 - 2028 (USD Million) 8.4.1.2 Office market, 2020 - 2028 (USD Million) 8.4.1.3 Others market, 2020 - 2028 (USD Million) 9. Global Luxury Furniture Market: Regional Outlook 9.1 North America 9.1.1. North America Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.1.4. North America Luxury Furniture market, By End-User, 2020 - 2028 (USD Million) 9.1.5. North America Luxury Furniture market, by Country, 2020 - 2028 (USD Million) 9.1.4.1. U.S. 9.1.4.1.1. U.S. Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.1.4.2. Canada 9.1.4.2.1. Canada Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.1.4.2.2. Canada Luxury Furniture market, By Region, 2020 - 2028 (USD Million) 9.1.4.2.3. Canada Luxury Furniture market, by End-Users, 2020 - 2028 (USD Million) 9.2. Europe 9.2.1. Europe Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.2.2. Europe Luxury Furniture market, by By End-User, 2020 - 2028 (USD Million) 9.2.5. Europe Luxury Furniture market, by country, 2020 - 2028 (USD Million) 9.2.4.1 U.K. 9.2.4.1.1. U.K. Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.2.4.1.2. U.K. Luxury Furniture market, By End-Users, 2020 - 2028 (USD Million) 9.2.4.1.3. U.K. Luxury Furniture market, by Region, 2020 - 2028 (USD Million) 9.2.4.2. Germany 9.2.4.2.1. Germany Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.2.4.2.2. Germany Luxury Furniture market, By End-User, 2020 - 2028 (USD Million) 9.2.4.2.3. Germany Luxury Furniture market, by Region, 2020 - 2028 (USD Million) 9.2.4.3. France 9.2.4.3.1. France Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.2.4.3.2. France Luxury Furniture market, By Region, 2020 - 2028 (USD Million) 9.2.4.3.3. France Luxury Furniture market, by End-User, 2020 - 2028 (USD Million) 9.2.4.4. Rest of Europe 9.2.4.4.1. Rest of Europe Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.2.4.4.2. Rest of Europe Luxury Furniture market, By Region, 2020 - 2028 (USD Million) 9.2.4.4.3. Rest of Europe Luxury Furniture market, by End-User, 2020 - 2028 (USD Million) 9.3. Asia Pacific 9.3.1. Asia Pacific Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.3.2. Asia Pacific Luxury Furniture market, By End-User, 2020 - 2028 (USD Million) 9.3.5. Asia Pacific Luxury Furniture market, by country, 2020 - 2028 (USD Million) 9.3.4.1. China 9.3.4.1.1. China Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.3.4.1.2. China Luxury Furniture market, By Region, 2020 - 2028 (USD Million) 9.3.4.1.3. China Luxury Furniture market, by End-User, 2020 - 2028 (USD Million) 9.3.4.2. India 9.3.4.2.1. India Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.3.4.2.2. India Luxury Furniture market, By Region, 2020 - 2028 (USD Million) 9.3.4.2.3. India Luxury Furniture market, by End-User, 2020 - 2028 (USD Million) 9.3.4.3. Japan 9.3.4.3.1. Japan Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.3.4.3.3. Japan Luxury Furniture market, by End-User, 2020 - 2028 (USD Million) 9.3.4.4. South Korea 9.3.4.4.1. South Korea Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.3.4.4.3. South Korea Luxury Furniture market, by End-User, 2020 - 2028 (USD Million) 9.3.4.5. Rest of ASIA PACIFIC 9.3.4.5.1. Rest of ASIA PACIFIC Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.3.4.5.3. Rest of ASIA PACIFIC Luxury Furniture market, by End-User, 2020 - 2028 (USD Million) 9.4. Latin America 9.4.1. Latin America Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.4.3. Latin America Luxury Furniture market, by End-User, 2020 - 2028 (USD Million) 9.4.4. Latin America Luxury Furniture market, by country, 2020 - 2028 (USD Million) 9.4.4.1. Brazil 9.4.4.1.1. Brazil Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.4.4.1.3. Brazil Luxury Furniture market, by End-User, 2020 - 2028 (USD Million) 9.4.4.2. Mexico 9.4.4.2.1. Mexico Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.4.4.2.3. Mexico Luxury Furniture market, by End-User, 2020 - 2028 (USD Million) 9.4.4.3. Rest of the Latin America 9.4.4.3.1. Rest of the Latin America Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.4.4.3.3. Rest of the Latin America Luxury Furniture market, by End-User, 2020 - 2028 (USD Million) 9.5. MEA 9.5.1. MEA Luxury Furniture market, By Material, 2020 - 2028 (USD Million) 9.5.3. MEA Luxury Furniture market, by End-User, 2020 - 2028 (USD Million) 10. Competitive Landscape 10.1 Kannustalo Ltd. 10.1.1. Company overview 10.1.2. Financial performance 10.1.3. Product Portfolio Analysis 10.1.4. Business Strategy & Recent Development 10.2. Duresta Upholstery Ltd. 10.2.1. Company overview 10.2.2. Financial performance 10.2.3. Product Portfolio Analysis 10.2.4. Business Strategy & Recent Development 10.3. Muebles Pico. 10.3.1. Company overview 10.3.2. Financial performance 10.3.3. Product Portfolio Analysis 10.3.4. Business Strategy & Recent Development 10.4. Cassina. 10.4.1. Company overview 10.4.2. Financial performance 10.4.3. Product Portfolio Analysis 10.4.4. Business Strategy & Recent Development 10.5. Giovanni Visentin 10.5.1. Company overview 10.5.2. Financial performance 10.5.3. Product Portfolio Analysis 10.5.4. Business Strategy & Recent Development 10.6. Scavolini. 10.6.1. Company overview 10.6.2. Financial performance 10.6.3. Product Portfolio Analysis 10.6.4. Business Strategy & Recent Development 10.7. Laura Ashley Holding Plc. 10.7.1. Company overview 10.7.2. Financial performance 10.7.3. Product Portfolio Analysis 10.7.4. Business Strategy & Recent Development 10.8. Valderamobili. 10.8.1. Company overview 10.8.2. Financial performance 10.8.3. Product Portfolio Analysis 10.8.4. Business Strategy & Recent Development 10.9. Iola Furniture Ltd. 10.9.1. Company overview 10.9.2. Financial performance 10.9.3. Product Portfolio Analysis 10.9.4. Business Strategy & Recent Development 10.10. Nella Vetrina. 10.10.1. Company overview 10.10.2. Financial performance 10.10.3. Product Portfolio Analysis 10.10.4. Business Strategy & Recent Development 10.11. Henredon Furniture Industries Inc. 10.11.1. Company overview 10.11.2. Financial performance 10.11.3. Product Portfolio Analysis 10.11.4. Business Strategy & Recent Development 10.12. Turri S.r.l. 10.12.1. Company overview 10.12.2. Financial performance 10.12.3. Product Portfolio Analysis 10.12.4. Business Strategy & Recent Development List of Tables (48 Tables) TABLE 1. Luxury Furniture MARKET, By Material, 2020-2028 (USD Million) TABLE 2. Luxury Furniture MARKET FOR Wood, BY REGION, 2020-2028 (USD Million) TABLE 3. Luxury Furniture MARKET FOR Plastic, BY REGION, 2020-2028 (USD Million) TABLE 4. Luxury Furniture MARKET FOR Leather, BY REGION, 2020-2028 (USD Million) TABLE 5. Luxury Furniture MARKET FOR Metal, BY REGION, 2020-2028 (USD Million) TABLE 6. Luxury Furniture MARKET FOR Glass, BY REGION, 2020-2028 (USD Million) TABLE 7. Luxury Furniture MARKET FOR Others, BY REGION, 2020-2028 (USD Million) TABLE 8. Luxury Furniture MARKET, BY END-USER, 2020-2028 (USD Million) TABLE 9. Luxury Furniture MARKET FOR Domestic use, BY REGION, 2020-2028 (USD Million) TABLE 10. Luxury Furniture MARKET FOR Commercial use, BY REGION, 2020-2028 (USD Million) TABLE 11. Luxury Furniture MARKET, BY REGION, 2020-2028 (USD Million) TABLE 12. NORTH AMERICA Luxury Furniture MARKET, BY COUNTRY, 2020-2028 (USD Million) TABLE 13. NORTH AMERICA Luxury Furniture MARKET, BY End-Users, 2020-2028 (USD Million) TABLE 14. NORTH AMERICA Luxury Furniture MARKET, By Material, 2020-2028 (USD Million) TABLE 15. NORTH AMERICA Luxury Furniture MARKET, BY END-USER, 2020-2028 (USD Million) TABLE 16. EUROPE Luxury Furniture MARKET, BY COUNTRY, 2020-2028 (USD Million) TABLE 17. EUROPE Luxury Furniture MARKET, By Material, 2020-2028 (USD Million) TABLE 18. EUROPE Luxury Furniture MARKET, BY END-USER, 2020-2028 (USD Million) TABLE 19. ASIA-PACIFIC Luxury Furniture MARKET, BY COUNTRY, 2020-2028 (USD Million) TABLE 20. ASIA-PACIFIC Luxury Furniture MARKET, By Material, 2020-2028 (USD Million) TABLE 21. ASIA-PACIFIC Luxury Furniture MARKET, BY END-USER, 2020-2028 (USD Million) TABLE 22. LAMEA Luxury Furniture MARKET, BY COUNTRY, 2020-2028 (USD Million) TABLE 23. LAMEA Luxury Furniture MARKET, By Material, 2020-2028 (USD Million) TABLE 24. LAMEA Luxury Furniture MARKET, BY END-USER, 2020-2028 (USD Million) TABLE 25. Kannustalo Ltd: COMPANY SNAPSHOT TABLE 26. Kannustalo Ltd: OPERATING SEGMENTS TABLE 27. Duresta Upholstery Ltd: COMPANY SNAPSHOT TABLE 28. Duresta Upholstery Ltd: OPERATING SEGMENTS TABLE 29. Muebles Pico: COMPANY SNAPSHOT TABLE 30. Muebles Pico: OPERATING SEGMENTS TABLE 31. Cassina: COMPANY SNAPSHOT TABLE 32. Cassina: OPERATING SEGMENTS TABLE 33. Giovanni Visentin: COMPANY SNAPSHOT TABLE 34. Giovanni Visentin: OPERATING SEGMENTS TABLE 35. Scavolini: COMPANY SNAPSHOT TABLE 36. Scavolini: OPERATING SEGMENTS TABLE 37. Laura Ashley Holding Plc: COMPANY SNAPSHOT TABLE 38. Laura Ashley Holding Plc: OPERATING SEGMENTS TABLE 39. Valderamobili: COMPANY SNAPSHOT TABLE 40. Valderamobili: OPERATING SEGMENTS TABLE 41. Iola Furniture Ltd: COMPANY SNAPSHOT TABLE 42. Iola Furniture Ltd: OPERATING SEGMENTS TABLE 43. Nella Vetrina: COMPANY SNAPSHOT TABLE 44. Nella Vetrina: OPERATING SEGMENTS TABLE 45. Henredon Furniture Industries Inc: COMPANY SNAPSHOT TABLE 46. Henredon Furniture Industries Inc: OPERATING SEGMENTS TABLE 47. Turri S.r.l.: COMPANY SNAPSHOT TABLE 48. Turri S.r.l.: OPERATING SEGMENTS List of Figures (20 Figures) Figure 1 Luxury Furniture Market: Research Methodology Steps Figure 2 Research Design Figure 3 Breakdown of Primaries: Luxury Furniture Market Figure 4 Research Methodology: Hypothesis Building Figure 5 Luxury Furniture Market: Product-Based Estimation Figure 6 Top 12 Companies with Highest No. Of Patent in Last 9 Years Figure 7 No. Of Patents Granted Per Year, 2019–2020 Figure 8 Import Data for Luxury Furniture, By Country, 2016–2020 (USD Thousand) Figure 9 Export Data for Luxury Furniture, By Country, 2016–2020 (USD Thousand) Figure 10 Data Triangulation Methodology Figure 11 Luxury Furniture Market, By End-Users, 2019 vs. 2025 (USD Million) Figure 12 Luxury Furniture Market Share, By Material, 2019 vs. 2025 Figure 13 Geographical Snapshot of the Luxury Furniture Market Figure 14 Wood to Witness Higher CAGR in Luxury Furniture Market for Material Segment during Forecast Period. Figure 15 Domestic use to Witness Higher CAGR in Luxury Furniture Market for End-User Segment during Forecast Period. Figure 16 Europe Accounted for the Largest Share of the Luxury Furniture Market, By Regional Basis, in 2019 Figure 17 Luxury Furniture Market: Drivers, Restraints, Opportunities, and Challenges Figure 18 Europe: Luxury Furniture Market Snapshot Figure 19 Asia Pacific: Luxury Furniture Market Snapshot Figure 20 Vendor Dive: Evaluation Overview