- Lighting
- Tables
- Chairs and Sofas
- Executive Desks
- Storage, Beds
- Carpets
- Carpet Pillows
Luxury Furniture Market size is valued at USD 24,508.3 million in 2022 and is expected to reach a value of USD 36,608.8 million by 2028, growing at a significant CAGR of 5.9% from 2023-2029. 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.
Luxury Furniture Market 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 Summary
Study Period
2024-2030
Base Year
2023
CAGR
5.9%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
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 Regional Analysis
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
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The luxury furniture market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The luxury furniture market report covers in-detail insights about the competitors 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
By Product Type
By Material Type
- Metal
- Wood
- Plastic
- Glass
- Leather
By End User
- Residential
- Commercial
- Others
By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Frequently Asked Questions
The luxury furniture market size was valued at USD 24,508.3 million in 2022.
The key segments covered in the restless leg’s syndrome market are technology, components, application, and end-users.
The luxury furniture market key players are Boca Da Lobo, Brown Jordan International, Cassina S.p.A, Grayson Luxury, Herman Miller Group Company, iola Furniture Limited, Kimball International Inc, Muebles Pico S.A, Nella Vetrina, Turri S.r.l, Walter Knoll, Williams-Sonoma Inc
| 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 Type |
| 2.2.2.Material Type |
| 2.2.3.End User |
| 2.2.4.Region |
| 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. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Luxury Furniture Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Luxury Furniture Market By Product Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Lighting |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 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, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 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, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 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, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Storage, Beds |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Carpets |
| 5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Carpet Pillows |
| 5.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6.Global Luxury Furniture Market By Material Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Metal |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 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, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 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, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 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, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 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, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Luxury Furniture Market By End User, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. Residential |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Commercial |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Others |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global Luxury Furniture Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 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, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 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 (APAC) |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Luxury Furniture Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, 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, Beds |
| 9.1.6.Carpets |
| 9.1.7.Carpet Pillows |
| 9.2. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, 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 |
| 9.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Residential |
| 9.3.2.Commercial |
| 9.3.3.Others |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Luxury Furniture Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, 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, Beds |
| 10.1.6.Carpets |
| 10.1.7.Carpet Pillows |
| 10.2. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, 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 |
| 10.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Residential |
| 10.3.2.Commercial |
| 10.3.3.Others |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11.Asia Pacific (APAC) Luxury Furniture Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, 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, Beds |
| 11.1.6.Carpets |
| 11.1.7.Carpet Pillows |
| 11.2. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, 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 |
| 11.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Residential |
| 11.3.2.Commercial |
| 11.3.3.Others |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Luxury Furniture Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, 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, Beds |
| 12.1.6.Carpets |
| 12.1.7.Carpet Pillows |
| 12.2. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, 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 |
| 12.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Residential |
| 12.3.2.Commercial |
| 12.3.3.Others |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Luxury Furniture Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, 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, Beds |
| 13.1.6.Carpets |
| 13.1.7.Carpet Pillows |
| 13.2. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, 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 |
| 13.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Residential |
| 13.3.2.Commercial |
| 13.3.3.Others |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, 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 Pico 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. Appendix and Abbreviations |
- Boca Da Lobo
- Brown Jordan International
- Cassina S.p.A.
- Grayson Luxury
- Herman Miller Group Company
- iola Furniture Limited
- Kimball International Inc.
- Muebles Pico S.A.
- Nella Vetrina
- Turri S.r.l
- Walter Knoll
- Williams-Sonoma, Inc.