March 29, 2024

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USD 7 Bn growth in Luxury Furniture Market from 2020 to 2025 | Proliferation of Luxury Furniture Showrooms Boosting Growth

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USD 7 Bn growth in Luxury Furniture Market from 2020 to 2025 | Proliferation of Luxury Furniture Showrooms Boosting Growth

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Club House Italia S.p.A, Giorgio Armani Spa, Herman Miller Inc., Minotti S.p.A., MUEBLES PICO SA, Natuzzi SpA, Opera Contemporary, Reflex S.p.a., Rugiano srl, and Vaughan Bassett are some of the major market participants. The increasing number of new luxury furniture showroom launches will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Luxury Furniture Market 2021-2025: Segmentation

  • Distribution Channel
  • Application
  • Geography
    • Europe
    • North America
    • APAC
    • MEA
    • South America

Get highlights on the dominating segments and major growth regions in the luxury furniture market. Download a Free Sample Now!

Luxury Furniture Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the luxury furniture market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Club House Italia S.p.A, Giorgio Armani Spa, Herman Miller Inc., Minotti S.p.A., MUEBLES PICO SA, Natuzzi SpA, Opera Contemporary, Reflex S.p.a., Rugiano srl, and Vaughan Bassett.

The report also covers the following areas:

The rising popularity of multifunctional luxury furniture is likely to emerge as one of the primary drivers of the market. However, factors such as frequent product recalls may threaten the growth of the market.

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Luxury Furniture Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist luxury furniture market growth during the next five years
  • Estimation of the luxury furniture market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the luxury furniture market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of luxury furniture market vendors

Related Reports:
Global Home Furnishings Market
 – Global home furnishings market is segmented by product (home furniture and home textiles) and geography (Europe, North America, APAC, MEA, and South America).
Download Exclusive Free Sample Report

Global Organic Furniture Market – Global organic furniture market is segmented by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and MEA).
Download Exclusive Free Sample Report

Luxury Furniture Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of almost 5{73375d9cc0eb62eadf703eace8c5332f876cb0fdecf5a1aaee3be06b81bdcf82}

Market growth 2021-2025

USD 7.00 billion

Market structure

Fragmented

YoY growth ({73375d9cc0eb62eadf703eace8c5332f876cb0fdecf5a1aaee3be06b81bdcf82})

3.58

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 35{73375d9cc0eb62eadf703eace8c5332f876cb0fdecf5a1aaee3be06b81bdcf82}

Key consumer countries

US, Germany, UK, Italy, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Club House Italia S.p.A, Giorgio Armani Spa, Herman Miller Inc., Minotti S.p.A., MUEBLES PICO SA, Natuzzi SpA, Opera Contemporary, Reflex S.p.a., Rugiano srl, and Vaughan Bassett

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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