Luxury Furniture Market

22 Mar

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Luxury Furniture Market Poised to Grow at a CAGR of 4.7% by 2024: Infinium Global Research

  • By admin

  • January, 1970

Infinium Global Research has added a new report on luxury Furniture Market. The report presents analysis of global as well as regional markets of luxury furniture market over 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.


Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global luxury furniture market but also make strategic decisions to capture the most lucrative markets in the near future.

 

The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global luxury furniture market report by clicking the following link, Use code IGRD15 to request the discount in the given form

https://www.infiniumglobalresearch.com/reports/request-discount/1400

 

The recent report identified that Europe dominated the global luxury furniture market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the luxury furniture market worldwide.

 

The report segments the global luxury furniture market on the basis of Material Type, Distribution Channel and End User.

 

Global Luxury Furniture Market by Material Type

·         Glass

·         Metal

·         Leather

·         Wood

·         Others

 

Global Luxury Furniture Market by Distribution Channel

·         Online Sales

·         Independent Furniture Retailers

·         Factory Outlets

 

Global Luxury Furniture Market by End User

·         Commercial

·         Residential

 

Companies Profiled in the Report

·         Duresta Upholstery Ltd.

·         Muebles Pico

·         Valderamobili

·         Giovanni Visentin

·         Scavolini

·         Laura Ashley

·         Iola Furniture Ltd.

·         Nella Vetrina

·         Henredon Furniture Industries Inc.

·         Turri S.r.l.

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.