Luxury Furniture Market 2021 | Size, Competitive Landscape, Analysis and Forecast by 2026

Luxury Furniture Market Report

By IMARC Group, the luxury furniture market has been categorized based on raw material, application, distribution channel, and design.

SHERIDAN, WYOMING, USA, May 1, 2022 /EINPresswire.com/ — Luxury Furniture Market Snapshot:

IMARC Group’s latest report, titled “Luxury Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which includes information on the size of the global luxury furniture market. The report also includes competitor and regional analysis, as well as contemporary market advancements.

The global luxury furniture market reached a value of US$25.4 billion in 2020. Looking ahead, IMARC Group predicts that the global luxury furniture market is expected to grow at a CAGR of approximately 5% in during the period 2021-2026. Luxury furniture represents the high-end mobile items that are characterized by elite design, zero margins of error and the finest quality raw materials, such as melamine, glass, steel, panels wrapped, etc. It enhances the aesthetic appeal of residential spaces and commercial establishments, including hotels, offices, restaurants, etc. As such, luxury furniture is usually very expensive as it offers increased durability with an extended warranty period.

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Note: We update our reports, if you want the latest primary and secondary data (2022-2027) with cost module, business strategy, competitive landscape, etc. Click request a free sample report, the report will be emailed to you within 24-48 hours.

Request Free Sample Report: https://www.imarcgroup.com/luxury-furniture-market/requestsample

Important Attribute and Report Highlights:

• Detailed global market share analysis
• Market segmentation
• Historical, current and projected market size in terms of volume and value
• Latest industry trends and developments
• Competitive landscape
• Strategies of key players and product offerings

Global Luxury Furniture Market Trends:

The expansion of the real estate sector is one of the main drivers of the luxury furniture market across the world. In addition to this, the growing adoption of products as a signifier of ethnic and religious beliefs, a symbol of personal significance, a marker of social status or simply as an artistic display is further catalyzing the growth of the market. Additionally, growing consumer awareness of the detrimental effects of toxic furniture finishes is inflating the use of organic luxury items made from sustainable, biodegradable and renewable raw materials, which, in turn, acts as another factor. significant growth. Furthermore, the growing number of modern housing infrastructure is also increasing the global market. Additionally, increasing investments in authentication procedures by many international platforms to mitigate the risk of product replication by counterfeiters and provide a trustworthy shopping environment for customers is expected to fuel the luxury furniture market during the forecast period.

Explore the full report with table of contents and list of figures: https://bit.ly/3xSKtak

Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.

Some of these key players include:

• Limited Duresta upholstery
• Valdemobili srl
• Scavolini SpA
• Giovanni Visentin SRL
• Nella Vetrina
• Muebles Picó SA
• Heritage Home Group LLC
• Iola Furniture Limited
• TURRI srl
• Luxury Grayson
• Williams-Sonoma, Inc.
• Cassina SPA

Breakdown by application:

• Domestic sectors
o Living room and bedroom
o Kitchen
o Bathroom
o Exterior
o Lighting
• Commercial sectors
o Office
o Hospitality
o Others

Breakdown by raw material:

• Drink
• Metal
• Glass
• Leather
• Plastic
• Many
• Others

Breakdown by distribution channel:

• Conventional furniture stores
• Specialty stores
• Online retailers
• Others

Break by design:

• Modern Segments
• Contemporary segments

Breakdown by region:

• North America (United States, Canada)
• Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)

Main highlights of the report:

• Market performance (2015-2020)
• Market Outlook (2021-2026)
• Impact of COVID-19 on the market
• Porter’s five forces analysis
• Historical, current and future market trends
• Market drivers and success factors
• SWOT analysis
• Market structure
• Value chain analysis
• Complete mapping of the competitive landscape

Table of contents of the report:

• Preface
• Scope and methodology
• Summary
• Introduction
• Global market
• SWOT analysis
• Value chain analysis
• Price analysis
• Competitive landscape

Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.

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About Us

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

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