The report on global luxury furniture market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global luxury furniture market to grow with a CAGR of 4.7% over the forecast period of 2018-2024. The study on luxury furniture market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
Global luxury furniture market is showing a positive trend of development around the globe. There are many factors which are showing a positive outlook of market for medium and long term. Global luxury furniture market is basically driven by various features of the luxury furniture such as user friendly, easy to use, low cost, lightweight, attractive design, available in multi-shade and color to suit the interior decoration of house, affordability of costly furniture set due to financing option provided by financing companies, social status of consumers, motivational factors and other psychological factors. Availability of raw material and its adverse impact on environment and health of living beings are hindering the growth of market. Continuous increase of disposable income and increasing influence of corporate culture would help to increase the market in long term.
On the basis of region, the Global luxury furniture market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America has dominated the global luxury furniture market followed by China, Asia Pacific, South America, Europe due to its industrial and corporate culture, and financing facility for luxury furniture. Asia region is expected to grow at the highest CAGR during the forecast period of 2018-2024 due to affordability by young couples, growing disposable income among middle class family, personal factors, functional factors, social factors and so on.
Key Development:- In February 2018, CALMA gives a new twist to its iconic ANGLE table,
The new table ANGLE 2018 maintains a geometric aesthetic and the unique features which make it easily recognisable at first sight. While keeping its eclectic combination of material to a minimum thickness, the new design has improved the structural and technical aspects, making it easier to assemble and move according to clients’ needs. Furthermore, the range of finishes has been expanded, positioning ANGLE in the market with a better quality-price relationship.
In April 2018, NATURE, the new 100% sustainable and recycled fabric collection from FAMA,
Strongly committed to sustainability, FAMA, Spain’s leader manufacturer of sofas and armchairs, has adhered with the ecological revolution by adopting an innovative, ecological approach to production: 92% of the waste material generated during the firm’s production process is recycled; from the wood waste, which is used for making MDF boards, to the fibres, which are reused for making children’s plush toys.
The report on luxury furniture market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global luxury furniture market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global luxury furniture market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
The global luxury furniture market is segmented on the basis of material type, distribution channel and end user.
Global Luxury Furniture Market by Material Type
Global Luxury Furniture Market by Distribution Channel
? Online Sales
? Independent Furniture Retailers
? Factory Outlets
Global Luxury Furniture Market by End User
? Duresta Upholstery Ltd.
? Muebles Pico
? Giovanni Visentin
? Laura Ashley
? Iola Furniture Ltd.
? Nella Vetrina
? Henredon Furniture Industries Inc.
? Turri S.r.l.
How this report delivers?
1. Comprehensive analysis of global as well as regional markets of luxury furniture market.
2. Complete coverage of all the segments in luxury furniture market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global luxury furniture market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.