Global Luxury Furniture Market | Growth | Trends | Forecast to 2022-2027

Author: Elena Anderson Manager

Marketing

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Global Luxury Furniture Market Outlook 2022-2027: The latest report by IMARC Group, titled “Luxury Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global luxury furniture market size reached US$ 22.0 Billion in 2021. Luxury furniture refer to movable articles made by skilled craftsmen using high-end quality materials and unique styles. They are manufactured with metal, glass, velvet, silk, and wood that provide a rich and elegant look to the pieces. They also add to the aesthetic value of residential and commercial establishments such as homes, hotels, offices, cafes, and other indoor or outdoor areas. In recent years, the changing lifestyles and constantly improving living standards in the urbanized regions have escalated the demand for luxury furniture across the globe. Request for a PDF sample of this report https://www.imarcgroup.com/luxury-furniture-market/requestsample:

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Global Luxury Furniture Market Drivers/Constraints:

The market is primarily driven by the expanding real estate sector across the globe. Nowadays, with the rising construction of commercial and residential spaces, individuals are widely adopting luxury furniture to enhance the overall look. In addition, the increasing disposable incomes have inclined the consumers to purchase luxury items that act as a status symbol and add value to a space, representing another major growth-inducing factor. Besides this, with the growing influence of social media platforms on purchasing decisions of consumers, various key players are investing in digital marketing campaigns and celebrity endorsements to expand their consumer base. This, coupled with the escalating demand for eco-friendly luxury furniture, is positively influencing the market growth. Moreover, the introduction of innovative designs and the expanding hospitality industry in emerging economies are also creating a positive market outlook.

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View Report TOC, Figures and Tables: https://www.imarcgroup.com/luxury-furniture-market

Report Description Report Description and Highlights Key Market Segmentation The research report includes the following segments: Breakup by Raw Material: • Wood • Metal • Glass • Leather • Plastic • Multiple Breakup by Distribution Channel: • Conventional Furniture Stores • Speciality Stores • Online Retailers

Report Description Report Description and Highlights Breakup by Application: • Living Room and Bedroom • Kitchen • Bathroom • Outdoor • Lighting • Office • Hospitality Breakup by Design: • Modern • Contemporary

Report Description Report Description and Highlights Breakup by Region: • North America • Asia Pacific • Europe • Latin America • Middle East and Africa Looking forward, IMARC Group expects the market to reach US$ 29.6 Billion by 2027, exhibiting a CAGR of 4.97% during 2022-2027.

Report Description Report Description and Highlights Competitive Landscape: • Duresta Upholstery Ltd • Valderamobili s.r.l • Scavolini Spa • GIOVANNI VISENTIN srl • Nella Vetrina • Muebles Picó S.A • Heritage Home Group LLC • iola Furniture Limited • Turri S.r.l • Grayson Luxury • Williams-Sonoma, Inc • Cassina S.p.A Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click here: https://www.imarcgroup.com/luxury-furniture-market/requestsample

Report Description Key Questions Answered in the Report 1. What has been the historical growth rate of the global Luxury Furniture Market? 2. What has been the impact of COVID-19 on the global Luxury Furniture Market? 3. What are the key factors driving the global Luxury Furniture Market? 4. What is the breakup of the global Luxury Furniture Market based on the type? 5. What is the breakup of the global Luxury Furniture Market based on the application? 6. What is the breakup of the global Luxury Furniture Market based on the distribution channel? 7. What are the key regions in the global Luxury Furniture Market? 8. Who are the key players/companies in the global Luxury Furniture Market?

Report Description Table of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends

Report Description Table of Contents 5 Global Luxury Furniture Market Industry 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Breakup by Raw Material 5.5 Market Breakup by Application 5.6 Market Breakup by Distribution Channel 5.7 Market Breakup by Design 5.8 Market Breakup by Region Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/luxury-furniture-market/toc

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Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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