Luxury Furniture Market Overview
The luxury furniture market is anticipated to register a CAGR of 4% during the forecast period. The growing real estate industry and the rising urban population in the developing economies are some of the major factors fueling the growth of the luxury furniture market. Additionally, increasing expenditure on domestic luxury furniture products has influenced the demand for luxury furniture products, which is likely to provide opportunities for the market during the forecast period. The growth of the hospitality and infrastructure industry in developing economies is also playing a key role in driving the demand for luxury indoor furniture from the offices and hotel segments. The growing popularity of luxury indoor furniture such as bedrooms, bathrooms, kitchens, and others is likely to augment the sales of luxury furniture in the domestic segment.
Download a free sample here – Luxury Furniture Market
Luxury Furniture Market – Geographical Overview
Europe is likely to witness a significant growth rate in the luxury furniture market during the forecast period
Europe is one of the biggest and most rapidly growing segments in the luxury furniture market. In Europe, many key players in the luxury furniture market are launching their own online platforms and entering partnerships with e-commerce retail stores to strengthen their distribution networks, which is likely to drive the luxury furniture market growth in the region. The growing expansion of luxury furniture manufacturers from Europe in developing countries of Asia-Pacific is likely to change the market dynamics in the upcoming years. Moreover, the increasing international trade of luxury furniture in Germany, Italy, Poland, and China with the United States, the United Kingdom, France, and Canada is expected to play a major role during the forecast period.
Check our other latest reports on –
Key Highlights of the Luxury Furniture Market
Related Reports and Links
List of Key Players in the Luxury Furniture Market
*List Not Exhaustive
Mordor Intelligence has segmented the global luxury furniture market on the basis of product, end-user, distribution channel, and geography:
About Mordor Intelligence
Mordor Intelligence is a market intelligence and advisory firm. Our mission is to map complex business ecosystems across the globe to better predict butterfly effects. To date, we have partnered with 4000+ enterprises across 20 industries, to deliver precise data and actionable insights in over 6000 projects. Our domain-specific teams of research experts continuously track markets, enabling our clients to gain a competitive edge through high-quality market intelligence.
We offer fully tailored intelligence solutions to meet the unique business requirements of any organization. Our deep industry expertise coupled with cross-functional analyst teams ensures we can support the intelligence requirements of even the most specific of business problems.
Media ContactCompany Name: Mordor Intelligence Private LimitedContact Person: Bhargav PEmail: Send EmailPhone: +1 617-765-2493Address:5th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli City: HyderabadState: Telangana 500008Country: IndiaWebsite: https://www.mordorintelligence.com/industry-reports/luxury-furniture-market?utm_source=press-release&utm_medium=Outbound&utm_campaign=71991&utm_id=AB_Newswire&utm_content=PR1