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Luxury Furniture Market By Application, By Product and By Region - Global opportunity Analysis and Industry Forecast 2019-2025

Description

Global Luxury Furniture Industry valued approximately USD 22.94 billion in 2017 is anticipated to grow with a healthy growth rate of more than 5.22% over the forecast period 2019-2025. The Luxury Furniture Industry 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 Industry during the forecast period. Moreover, rising development of multifunctional furniture is the factor which likely to create numerous opportunity in the Industry 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 Industry growth of Luxury Furniture across the globe.
The regional analysis of Global Luxury Furniture Industry 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 Industry 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 Industry over the upcoming years. Asia-Pacific is also anticipated to exhibit higher growth rate/CAGR over the forecast period 2019-2025 due to changing lifestyle & consumer behavior and rising urbanization among people in the region.
The

Luxury Furniture Industry Share and Size by 2019-2025
Manufacturing & Construction
Luxury Furniture Market Segmentation:
By Type:
* Chairs
* Tables
* Upholstery
* Others

By Application:
* Corporation
* Hospitality Industry
* Shop-Fitting Industry
* Others

By Region
* North America
- USA
- Canada
* Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
* APAC
- China
- India
- Japan
- Rest of Asia-Pacific
* RoW
- Latin America
- Middle East & Africa

Major Market Players in Luxury Furniture Market are as follows:
Steel Case
Ashley Furniture Industries
Inter IKEA Group
Sears Holdings
Haworth
Herman Miller
HNI
Kimball International
Knoll
KOKUY - Furniture
Poltrona Frau
Masco
Mercury Row
Red Barrel Studio

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