Luxury Furniture Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Luxury Furniture Market: By Product (Lighting, Tables, Chairs and Sofas, Executive Desks, Storage, Beds, Carpets and Carpet Pillows) Material (Metal, Wood, Plastic, Glass, Leather) End User (Residential (Kitchen, Living and bedroom, Bathroom, Outdoor, Lighting), Commercial (Office, Hospitality), Others) and Geography

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Report

Description

Luxury Furniture Market size is valued at USD 24,508.3 million in 2021 and is expected to reach a value of USD 36,608.8 million by 2028, growing at a CAGR of 5.9% during the forecast period 2022 to 2028. The global market provides a detailed overview of the luxury furniture market and that can be segmented by product, material, and end-user. By product, the luxury furniture market has been segmented into lighting, tables, chairs and sofas, executive desks, storage, beds, carpets, and carpet pillows. The lighting segment is likely to be the largest and fastest-growing segment in terms of product. Based on material, the luxury furniture market is segmented into metal, wood, plastic, glass, and leather. Among these, the metal segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of end-user, the market is segregated into residential and commercial. The residential segment is likely to be the largest and fastest-growing segment in the market. The residential segment is further segmented into the kitchen, living, and bedroom, bathroom, outdoor, and lighting. The commercial segment is segregated into office and hospitality.

Key Developments:

In Jul 2020, Cassina partnered with Mobilia. Mobilia will be the sole distributor of the Cassina collection in Australia as a result of the partnership.

Luxury Furniture Market

MARKET SUMMARY
-
5.9% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 5.9%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Asia Pacific

Luxury Furniture Market

  • The luxury furniture market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The luxury furniture market report gives historical, current, and future market sizes (US$ Mn) based on by product, material, end user and geography.
Key Players
  • Boca Da Lobo
  • Cassina S.p.A.
  • Grayson Luxury
  • Brown Jordan International
  • Herman Miller Group Company
Luxury Furniture Market Dynamics

The burgeoning real estate business and the rising urban population are two major reasons driving the expansion of the market. Additionally, increased domestic spending on luxury furniture has influenced the demand for luxury furniture, which is projected to create opportunities for the market throughout the forecast period. Luxury furniture is currently profiting from rising disposable income, globalization, and a significant population shift to urban areas all over the world. Manufacturers of high-end furniture are concerned about reducing their carbon footprints.


Asia-Pacific Got Significant Share

Luxury Furniture Market

By region, the Asia Pacific market is expected to witness the highest market share during the forecast period. The growth in this region is a result of increasing urbanization and rising disposable incomes. Europe is likely to hold a considerable market share during the estimated period. To strengthen their distribution networks, many key players in the market are developing their own online platforms and forming collaborations with e-commerce retail outlets, which is expected to fuel the market growth in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The luxury furniture market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The luxury furniture market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The luxury furniture market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The luxury furniture market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The luxury furniture market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Luxury Furniture Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The luxury furniture market is projected to expand at a CAGR of 5.9% during the forecast period.

The major players in the global luxury furniture market are Boca Da Lobo, Brown Jordan International, Cassina S.p.A., Grayson Luxury, Herman Miller Group Company, iola Furniture Limited, Kimball International Inc., Muebles Picó S.A., Nella Vetrina, Turri S.r.l, Walter Knoll and Williams-Sonoma, Inc.

Asia Pacific is the fastest-growing region for luxury furniture market


Report

Table Of Content

1. Executive Summary
2. Global Luxury Furniture Market Introduction
2.1. Global Luxury Furniture Market – Taxonomy
2.2. Global Luxury Furniture Market –Definitions
2.2.1. Product
2.2.2. Material
2.2.3. End User
3. Global Luxury Furniture Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Luxury Furniture Market Dynamic Factors – Impact Analysis
3.6. Global Luxury Furniture Market – Competition Landscape
3.7. Epidemiology
4. Global Luxury Furniture Market Analysis,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Luxury Furniture Market, By Product, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. Lighting
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Tables
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Chairs and Sofas
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Executive Desks
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Storage
5.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
5.6. Beds
5.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.6.3. Market Opportunity Analysis
5.7. Carpets and Carpet Pillows
5.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.7.3. Market Opportunity Analysis
5.8. Other Products
5.8.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.8.3. Market Opportunity Analysis
6. Global Luxury Furniture Market Forecast, By Material, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1. Metal
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Wood
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Plastic
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Glass
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Leather
6.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Others
6.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
7. Global Luxury Furniture Market, By End User, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1. Residential
7.1.1. Kitchen
7.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.1.3. Market Opportunity Analysis
7.1.2. Living and bedroom
7.1.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.2.3. Market Opportunity Analysis
7.1.3. Bathroom
7.1.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3.3. Market Opportunity Analysis
7.1.4. Outdoor
7.1.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.4.3. Market Opportunity Analysis
7.1.5. Lighting
7.1.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.5.3. Market Opportunity Analysis
7.2. Commercial
7.2.1. Office
7.2.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.1.3. Market Opportunity Analysis
7.2.2. Hospitality
7.2.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.2.3. Market Opportunity Analysis
7.2.3. Others
7.2.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3.3. Market Opportunity Analysis
8. Global Luxury Furniture Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Luxury Furniture Market – Opportunity Analysis Index, By Product, Material, End User and Region, 2022 – 2028
9. North America Luxury Furniture MarketAnalysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. By  Product Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
9.1.1. Lighting
9.1.2. Tables
9.1.3. Chairs and Sofas
9.1.4. Executive Desks
9.1.5. Storage
9.1.6. Beds
9.1.7. Carpets and Carpet Pillows
9.1.8. Other Products
9.2. Material Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Metal
9.2.2. Wood
9.2.3. Plastic
9.2.4. Glass
9.2.5. Leather
9.2.6. Others
9.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Residential
9.3.1.1. Kitchen
9.3.1.2. Living and bedroom
9.3.1.3. Bathroom
9.3.1.4. Outdoor
9.3.1.5. Lighting
9.3.2. Commercial
9.3.2.1. Office
9.3.2.2. Hospitality
9.3.2.3. Others
9.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Luxury Furniture Market – Opportunity Analysis Index, By  Product, Material, End User, and Country, 2022 – 2028
9.6. North America Luxury Furniture Market Dynamics – Trends
10. Europe Luxury Furniture Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. By  Product Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
10.1.1. Lighting
10.1.2. Tables
10.1.3. Chairs and Sofas
10.1.4. Executive Desks
10.1.5. Storage
10.1.6. Beds
10.1.7. Carpets and Carpet Pillows
10.1.8. Other Products
10.2. Material Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Metal
10.2.2. Wood
10.2.3. Plastic
10.2.4. Glass
10.2.5. Leather
10.2.6. Others
10.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Residential
10.3.1.1. Kitchen
10.3.1.2. Living and bedroom
10.3.1.3. Bathroom
10.3.1.4. Outdoor
10.3.1.5. Lighting
10.3.2. Commercial
10.3.2.1. Office
10.3.2.2. Hospitality
10.3.2.3. Others
10.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Luxury Furniture Market – Opportunity Analysis Index, By  Product, Material, End User, and Country, 2022 – 2028
10.6. Europe Luxury Furniture Market Dynamics – Trends
11. Asia-Pacific Luxury Furniture Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. By  Product Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
11.1.1. Lighting
11.1.2. Tables
11.1.3. Chairs and Sofas
11.1.4. Executive Desks
11.1.5. Storage
11.1.6. Beds
11.1.7. Carpets and Carpet Pillows
11.1.8. Other Products
11.2. Material Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Metal
11.2.2. Wood
11.2.3. Plastic
11.2.4. Glass
11.2.5. Leather
11.2.6. Others
11.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Residential
11.3.1.1. Kitchen
11.3.1.2. Living and bedroom
11.3.1.3. Bathroom
11.3.1.4. Outdoor
11.3.1.5. Lighting
11.3.2. Commercial
11.3.2.1. Office
11.3.2.2. Hospitality
11.3.2.3. Others
11.4. Country Analysis2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Luxury Furniture Market – Opportunity Analysis Index, By  Product, Material, End User, and Country, 2022 – 2028
11.6. Asia-Pacific Luxury Furniture Market Dynamics – Trends
12. Latin America Luxury Furniture Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. By  Product Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.1.1. Lighting
12.1.2. Tables
12.1.3. Chairs and Sofas
12.1.4. Executive Desks
12.1.5. Storage
12.1.6. Beds
12.1.7. Carpets and Carpet Pillows
12.1.8. Other Products
12.2. Material Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Metal
12.2.2. Wood
12.2.3. Plastic
12.2.4. Glass
12.2.5. Leather
12.2.6. Others
12.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Residential
12.3.1.1. Kitchen
12.3.1.2. Living and bedroom
12.3.1.3. Bathroom
12.3.1.4. Outdoor
12.3.1.5. Lighting
12.3.2. Commercial
12.3.2.1. Office
12.3.2.2. Hospitality
12.3.2.3. Others
12.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Luxury Furniture Market – Opportunity Analysis Index, By  Product, Material, End User, and Country, 2022 – 2028
12.6. Latin America Luxury Furniture Market Dynamics – Trends
13. Middle East and Africa Luxury Furniture Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. By  Product Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
13.1.1. Lighting
13.1.2. Tables
13.1.3. Chairs and Sofas
13.1.4. Executive Desks
13.1.5. Storage
13.1.6. Beds
13.1.7. Carpets and Carpet Pillows
13.1.8. Other Products
13.2. Material Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Metal
13.2.2. Wood
13.2.3. Plastic
13.2.4. Glass
13.2.5. Leather
13.2.6. Others
13.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Residential
13.3.1.1. Kitchen
13.3.1.2. Living and bedroom
13.3.1.3. Bathroom
13.3.1.4. Outdoor
13.3.1.5. Lighting
13.3.2. Commercial
13.3.2.1. Office
13.3.2.2. Hospitality
13.3.2.3. Others
13.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Luxury Furniture Market – Opportunity Analysis Index, By  Product, Material, End User, and Country, 2022 – 2028
13.6. MEA Luxury Furniture Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Material& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Boca Da Lobo
14.2.2. Brown Jordan International
14.2.3. Cassina S.p.A.
14.2.4. Grayson Luxury
14.2.5. Herman Miller Group Company
14.2.6. iola Furniture Limited
14.2.7. Kimball International Inc.
14.2.8. Muebles Picó S.A.
14.2.9. Nella Vetrina
14.2.10. Turri S.r.l
14.2.11. Walter Knoll
14.2.12. Williams-Sonoma, Inc.
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

  • Boca Da Lobo
  • Brown Jordan International
  • Cassina S.p.A.
  • Grayson Luxury
  • Herman Miller Group Company
  • iola Furniture Limited
  • Kimball International Inc.
  • Muebles Picó S.A.
  • Nella Vetrina
  • Turri S.r.l
  • Walter Knoll
  • Williams-Sonoma, Inc.

Description

Luxury Furniture Market size is valued at USD 24,508.3 million in 2021 and is expected to reach a value of USD 36,608.8 million by 2028, growing at a CAGR of 5.9% during the forecast period 2022 to 2028. The global market provides a detailed overview of the luxury furniture market and that can be segmented by product, material, and end-user. By product, the luxury furniture market has been segmented into lighting, tables, chairs and sofas, executive desks, storage, beds, carpets, and carpet pillows. The lighting segment is likely to be the largest and fastest-growing segment in terms of product. Based on material, the luxury furniture market is segmented into metal, wood, plastic, glass, and leather. Among these, the metal segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of end-user, the market is segregated into residential and commercial. The residential segment is likely to be the largest and fastest-growing segment in the market. The residential segment is further segmented into the kitchen, living, and bedroom, bathroom, outdoor, and lighting. The commercial segment is segregated into office and hospitality.

Key Developments:

In Jul 2020, Cassina partnered with Mobilia. Mobilia will be the sole distributor of the Cassina collection in Australia as a result of the partnership.

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