The Global Luxury Furniture Market was valued at USD 26,937.6 million in 2019 which is expected to reach USD 32,497.2 million by 2030 at a CAGR 5.1%.
Increase in hospitality and infrastructure in developing countries is the market boosting factor which is expected to grow the global luxury furniture market over the forecast period. Growing adoption of luxury furniture in kitchen bedroom, living room, offices, corporate will influence the market growth.
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Top Key Players:
· Turri S.r.l., Henredon Furniture Industries Inc., Nella Vetrina, Iola Furniture Ltd., Laura Ashley, Scavolini, Giovanni Visentin, Valderamobili, Muebles Pico, and Duresta Upholstery Ltd.
Top Regional scope:
· NorthAmerica
· Asia Pacific
· Europe
· Latin America
· Middle East
By Drivers Global Luxury Furniture Market:
· Increase in adoption of online retailing methods is the driving factor which is expected to boost the growth of global luxury furniture market growth. Furthermore, increase in demand for eco-friendly luxury furniture will have the positive impact on market growth. Moreover, increase in urbanization and globalization is expected to fuel the market growth. Also, change in life style with increase in disposable income will drive the market growth during this forecast period. Significant growth in real estate industry will increase the demand for luxury furniture which is expected to propel the market growth in near future.
By Market Segmentation, Global Luxury Furniture Market:
· Global Luxury Furniture Market is segmented into material such as Leather, Glass, Wood, Plastic, Metal, and Others. Further, market is segmented into end use such as Domestic Use (Living & Bedroom, Outdoor, Lighting, Kitchen, and Bathroom), and Commercial Use (Hospitality, Office, and Others).
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By Material:
· Leather Glass Wood Plastic Metal Others
By End Users:
· Domestic Use Living & Bedroom Outdoor Lighting Kitchen Bathroom Commercial Use Hospitality Office Others
Client Attention:
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· Primary research, secondary research, qualitative research, and quantitative research are some of the several kinds of market research.
What is secondary research?
· Secondary research involves gathering information from already published sources, such online databases, industry journals, and market reports.
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