Luxury Furniture Market Regional and Country Level Analysis by Major Key Players

Posted by Pradeep Zende on March 27th, 2020

The growth witnessed in the real estate sector is anticipated to drive the growth of the luxury furniture market in the years to come. Increasing residential complexes are expected to generate demand for high-end furniture for decorating and designing the interiors. This, in turn, is projected to expedite market expansion in the forthcoming years.

The global economic development has led to rising standards of living. The influx of people in urban areas in conjunction with rising disposable income is expected to generate demand for high-end products in the upcoming years. As per Market Research Future (MRFR), the global luxury furniture market is projected to expand at a steady but constant CAGR over the assessment period 2016 to 2021.

The introduction of new designs and innovations are expected to act as the growth catalyst to the luxury furniture market over the assessment period. The growth of the hospitality sector is also forecasted to catalyze the growth of the luxury furniture market through the projection period. Increasing demand from hotels and resorts are anticipated to accelerate revenue generation for the industry leaders.

Segmentation:

The luxury furniture market, by end-use, has been segmented into residential and commercial.

On the basis of retail formats, the luxury furniture market has been segmented into furniture retailers, departmental stores, online retailing, and others.

By raw material, the global luxury furniture market has been segmented into wood, metal, plastic, and others.

Key Players:

The prominent players expected to contribute to the development of the Global Luxury Furniture Market are Duresta Upholstery Ltd., Giovanni Visentin s.r.l., Valderamobili s.r.l., Scavolini Spa, Turri S.r.l., Iola Furniture Ltd., Henredon Furniture Industries Inc., Laura Ashley Holding Plc, and Muebles Pico.

Regional Analysis:

The geographical assessment of the global luxury furniture market spans across four major regions, viz. North America, Europe, Asia Pacific, and the Rest of the World (RoW).  Asia Pacific plays a significant role in the development of the global market. The region is witnessing transforming economic developments, which is likely to unleash developmental opportunities in the luxury furniture market in the forthcoming years. Again, the rising count of residential and commercial construction projects is anticipated to catapult the regional market on an upward trajectory across the review period. North America is expected to stand at its second spot in the global marketplace over the forecast period.

Browse Full Research Report @ https://www.marketresearchfuture.com/reports/luxury-furniture-market-1305

About Market Research Future: 

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.


Pradeep Zende

About the Author

Pradeep Zende
Joined: February 12th, 2019
Articles Posted: 395

HOTBIT Crypto Exchange
Hotbit is one of the professional digital asset exchange platforms that provide trading services among major digital currencies like Bitcoin, Litecoin and Ethereum for users from all over the world.
BitKong: Fairest and most thrilling Bitcoin casino on the market
Win serious funds fast when you stack the BitKong bonus combo, cash in on the referral program, or hit the massive jackpot then walk away with your life changed.
Quality Office Furniture USA Shipped Direct - Madison Liquidators
Nationwide vendor of quality office furnishings including Desks, Office Chairs, Conference Tables, Cubicles and more!
Earn Crypto with the COIN App!
Earn crypto on your Android or iOS Smartphone! Signup through this link and receive 1,000 free coins!
KuCoin | Cryptocurrency Exchange | Buy & Sell Bitcoin, Ethereum, and more
KuCoin is the most advanced and secure cryptocurrency exchange to buy and sell Bitcoin, Ethereum, Litecoin, TRON, USDT, NEO, XRP, KCS, and more. KuCoin also provide Excellent Support, Maker & Taker Transaction Fees, Open API
Earn Crypto with Stakecube
StakeCube is the predominant crypto ecosystem originally launched in June 2018 as PoS Pool and has since grown to service over 50,000 Users and supporting 55+ different crypto assets with unique features across 10+ apps, like an integrated Exchange, maste