Europe Witnessing Largest Demand for Luxury Furnitures during the period 2021-2026 – Exclusive Report by Mordor Intelligence

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Europe Witnessing Largest Demand for Luxury Furnitures during the period 2021-2026 – Exclusive Report by Mordor Intelligence

November 11
21:49 2021
Europe Witnessing Largest Demand for Luxury Furnitures during the period 2021-2026 - Exclusive Report by Mordor Intelligence
Mordor Intelligence
The market is witnessing an increase in demand for luxury furniture made from premium wood such as mahogany and alder. Moreover, furniture manufacturers are focusing on innovation of luxury furniture designs with the help of other materials such as leather, glass, metal, etc., to attract consumers, which is likely to play a major role in fueling the growth of luxury furniture market in the upcoming years.

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.

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Key Highlights of the Luxury Furniture Market

  • The report covers major international players operating in the luxury furniture market. In terms of market share, few of the major players currently dominate the market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping into new markets.
  • Luxury furniture made from wood and metal is gaining popularity among consumers due to its high aesthetic value and durability. The rise in eco-friendly and multifunctional luxury furniture is also supporting the market growth in developed economies.

Related Reports and Links

List of Key Players in the Luxury Furniture Market

  • Cassina SpA
  • Grayson Luxury
  • iola Furniture
  • Duresta Upholstery Ltd
  • JL&C Furniture Co. Ltd
  • Muebles Picó
  • Ralph Lauren Corporation
  • Knoll Inc.
  • Brown Jordan International
  • Boca Da Lobo
  • Kimball International Inc.
  • Other Companies (Nella Vetrina, Giovanni Visentin S.R.L., Valderamobili S.R.L., Molteni Group, Luxury Living Group, PICO SA, Crate & Barrel and Century Furniture LLC, French Heritage, Essential Home, DelightFULL, Koket, Brabbu, Thomas Blakemore, Bentley Home, Fendi Home, Baxter, Henkal Harris, Fendi Casa, Christopher Guy, Poliform, Gilani Furniture, Kartell, Edra, Henredon, and Restoration Hardware)

*List Not Exhaustive 

Mordor Intelligence has segmented the global luxury furniture market on the basis of product, end-user, distribution channel, and geography:

  • Product (Market Size & Forecast based on Revenue (USD billion), 2017-2026)
    • Lighting
    • Tables
    • Chairs and Sofas
    • Accessories
    • Bedroom
    • Cabinets
    • Other Products
  • End-user (Market Size & Forecast based on Revenue (USD billion), 2017-2026)
    • Residential
    • Commercial
  • Distribution Channel (Market Size & Forecast based on Revenue (USD billion), 2017-2026)
    • Home Centers
    • Flagship Stores
    • Specialty Stores
    • Online
    • Other Distribution Channels
  • Geography (Market Size & Forecast based on Revenue (USD billion), 2017-2026)
    • Asia-Pacific
    • North America
    • Europe
    • South America
    • Middle-East and Africa

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.

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