Luxury Furniture Market

Global luxury furniture market analysis trends applications analysis growth and forecast to 2027 report has been recently generated by marketresearch biz and offers in depth insights revenue details and other vital information regarding the global luxury furniture market and the various trends drivers restraints opportunities and threats in the target market till 2027.

Luxury furniture market. The key factors affecting the growth of this sector is disposable income. The fusion of luxury and design. The global luxury furniture market is anticipated to reach 28 60 billion by 2022 at a cagr of 3 7 in the forecast period.

Luxury furniture market overview. Luxury furniture market is expected to garner 27 01 billion by 2020 registering a cagr of 4 1 during the forecast period 2015 2020. Notable fashion brand names such as versace are expanding into the luxury furniture area.

The companies in the luxury furniture market are focusing on improving product design. The market is further expects to reach a value of us 32 2 billion by 2025 expanding at a cagr of 3 62 during 2020 2025. Technavio presents a detailed picture of the market by the way of study synthesis and summation of data from multiple sources.

Global luxury furniture market was valued at usd 21 389 5 million in 2014 and is expected to reach usd 28 600 7 million in 2022 growing at a cagr of 3 7 over the forecast period. The growth of the luxury furniture sector is directly proportional to the adoption of e retailing methods to reduce the operating expenses in sales. Asia pacific would witness the fastest growth owing to the rise in disposable incomes.

The global luxury furniture market is highly competitive with the presence of major key players such as duresta upholstery ltd valderamobili s r l scavolini spa nella vetrina muebles picó s a iola furniture limited grayson luxury and cassina s p a. Luxury furniture market 2020 2024. Luxury furniture market report published by allied market research forecasts that the global market is expected to garner 27 01 billion by 2020 registering a cagr of 4 1 during the period 2015 2020.

Wooden luxury furniture has gained substantial demand worldwide followed by metal. Italy and luxury furniture market. Major factors owing to progress in this sector include rise in disposable income that leads to rise in demand for luxury living thus influencing sector growth.