Global Premium Furniture and Furnishings Market - Analysis By Product, Distribution Channel, End Use, By Region, By Country : Market Insights and Forecast with Impact of COVID-19

Published: December 31, 2021 |

Azoth Analytics | 220 Pages | Delivery time: 2-3 business days

Price

Description
Table of Contents
List of Tables

Add to Compare

Executive Summary

The Global Premium Furniture & Furnishings Market was valued at USD 24.25 billion in the year 2020. The rising disposable incomes have inclined the consumers towards purchasing luxury items that act as a status symbol and add value to a space, catalysing the global premium furniture market. Moreover, the growth in home furnishings is driven by product innovation, segmentation, and digital strategies, hence, paving way for the growth in the market during the forecast period 2021-2026.

The furniture segment captured the major share in the global market in 2020. The rise in the global economy has increased the spending capacity of the consumers, which in turn has impelled the sale of branded furniture items in the market. Moreover, the development of an automated manufacturing system is anticipated to have a significant impact on the furniture industry during the forecast period 2021-2026.

The North American region is estimated to hold the maximum share in the global Premium Furniture & Furnishings market followed by Europe. However, the new emerging markets in the APAC region will witness the fastest growth rate in the forthcoming years.

The growth in disposable income in emerging countries has led to an increase in demand for premium furniture from affluent households. The growth has also resulted in spending on lifestyle and consumer products. Retailers in these economies are providing exposure to global products of superior quality and easy finance to luxurious furniture products, thereby fostering business growth. The aforementioned trend has led to an increase in production, particularly in emerging economies as manufacturers attempt to satisfy domestic demand.

Additionally, the luxury furniture industry has widened its product portfolio to supply products for living rooms, offices, and kitchens including furnishing, interiors, mattresses, and upholstery solutions. Wood, plastic, fibre, metal, glass, and leather, are the most widely used raw materials in the production of luxury furniture.

Scope of the Report

The report presents the analysis of the Premium Furniture & Furnishings market for the historical period of 2016-2020 and the forecast period of 2021-2026.
The report analyses the Premium Furniture & Furnishings Market by Value (USD Million).
The report analyses the Premium Furniture & Furnishings Market by Product (Furniture, Housewares, Textiles, Lighting, Other).
The report analyses the Premium Furniture & Furnishings Market by Distribution Channel (Offline, Online).
The report analyses the Premium Furniture & Furnishings Market by End-Use (Residential, Commercial).
The Global Premium Furniture & Furnishings Market has been analysed by countries (United States, Canada, United Kingdom, Italy, France, Germany, China, Japan, India, Australia).
The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Location and Product.
Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.
The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Herman Miller, HNI Corporation, Okamura Corporation, Kimball International Inc., Ralph Lauren Corporation, Basett Furniture Industries Inc., Steelcase Inc., La-z-Boy, Grayson Luxury, Haworth Inc.

Key Target Audience

Premium Furniture & Furnishings Industry Vendors
Retail Industry
Consulting and Advisory Firms
Government and Policy Makers
Regulatory Authorities

1. Report Scope and Methodology

1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary

2. Strategic Recommendations

3. Global Premium Furniture & Furnishings Market: Product Overview

4. Global Premium Furniture & Furnishings Market: An Analysis

4.1 Market Size, By Value, 2016-2026
4.2 Impact of COVID-19 on Global Premium Furniture & Furnishings Market
4.3 Global Premium Furniture & Furnishings Market: Growth & Forecast

5. Global Premium Furniture & Furnishings Market: Segment Analysis

5.1 Global Premium Furniture & Furnishings Market by Product
5.2 Competitive Scenario of Global Premium Furniture & Furnishings Market- By Product
5.3 By Furniture, By Value (USD Million), 2016-2026
5.4 By Housewares, By Value (USD Million), 2016-2026
5.5 By Textiles, By Value (USD Million), 2016-2026
5.6 By Lighting, By Value (USD Million), 2016-2026
5.7 By Other, By Value (USD Million), 2016-2026

6. Global Premium Furniture & Furnishings Market by Distribution Channel

6.1 Global Premium Furniture & Furnishings Market by Distribution Channel
6.2 Competitive Scenario of Global Premium Furniture & Furnishings Market- By Distribution Channel
6.3 By Offline, By Value (USD Million), 2016-2026
6.4 By Online, By Value (USD Million), 2016-2026

7. Global Premium Furniture & Furnishings Market by End-Use

7.1 Global Premium Furniture & Furnishings Market by End-Use
7.2 Competitive Scenario of Global Premium Furniture & Furnishings Market- by End-Use
7.3 by Residential, by Value (USD Million), 2016-2026
7.4 by Commercial, by Value (USD Million), 2016-2026

8. North America Premium Furniture & Furnishings Market: An Analysis (2016-2026)

8.1 North America Premium Furniture & Furnishings Market by value: Size and Forecast (2016-2026)
8.2 North America Prominent Companies
8.3 Market Segmentation by Product (Furniture, Housewares, Textiles, Lighting, Other)
8.4 Market Segmentation by Distribution Channel (Offline, Online)
8.5 Market Segmentation by End-Use (Residential, Commercial)
8.6 North America Premium Furniture & Furnishings Market: Country Analysis
8.7 Market Opportunity Chart of North America Premium Furniture & Furnishings Market - by Country, by Value (Year-2026)
8.8 Competitive Scenario of North America Premium Furniture & Furnishings Market- by Country
8.9 United States Premium Furniture & Furnishings Market: Size and Forecast (2016-2026)
8.10 United States Premium Furniture & Furnishings Market by Product, Distribution Channel, End-Use
8.11 Canada Premium Furniture & Furnishings Market: Size and Forecast (2016-2026)
8.12 Canada Premium Furniture & Furnishings Market Segmentation by Product, Distribution Channel, End-Use

9. Europe Premium Furniture & Furnishings Market: An Analysis (2016-2026)

9.1 Europe Premium Furniture & Furnishings Market by value: Size and Forecast (2016-2026)
9.2 Europe Premium Furniture & Furnishings: Prominent Companies
9.3 Market Segmentation by Product (Furniture, Housewares, Textiles, Lighting, Other)
9.4 Market Segmentation by Distribution Channel (Offline, Online)
9.5 Market Segmentation by End-Use (Residential, Commercial)
9.6 Market Opportunity Chart of Europe Premium Furniture & Furnishings Market - by Country, by Value (Year-2026)
9.7 Competitive Scenario of Europe Premium Furniture & Furnishings Market- by Country
9.8 United Kingdom Premium Furniture & Furnishings Market: Size and Forecast (2016-2026)
9.9 United Kingdom Premium Furniture & Furnishings Market by Product, Distribution Channel, End Use
9.10 Germany Premium Furniture & Furnishings Market: Size and Forecast (2016-2026)
9.11 Germany Premium Furniture & Furnishings Market by Product, Distribution Channel, End Use
9.12 Italy Premium Furniture & Furnishings Market: Size and Forecast (2016-2026)
9.13 Italy Premium Furniture & Furnishings Market by Product, Distribution Channel, End Use
9.14 France Premium Furniture & Furnishings Market: Size and Forecast (2016-2026)
9.15 France Premium Furniture & Furnishings Market Segmentation by Product, Distribution Channel, End Use

10. Asia Pacific Premium Furniture & Furnishings Market: An Analysis (2016-2026)

10.1 APAC Premium Furniture & Furnishings Market by value: Size and Forecast (2016-2026)
10.2 APAC Premium Furniture & Furnishings: Prominent Companies
10.3 Market Segmentation by Product (Furniture, Housewares, Textiles, Lighting, Other)
10.4 Market Segmentation by Distribution Channel (Offline, Online)
10.5 Market Segmentation by End-Use (Residential, Commercial)
10.6 APAC Premium Furniture & Furnishings Market: Country Analysis
10.7 Market Opportunity Chart of Asia Pacific Premium Furniture & Furnishings Market - by Country, by Value (Year-2026)
10.8 Competitive Scenario of Asia Pacific Premium Furniture & Furnishings Market- by Country (2020 & 2026)
10.9 China Premium Furniture & Furnishings Market: Size and Forecast (2016-2026)
10.10 China Premium Furniture & Furnishings Segmentation by Product, Distribution Channel, End-Use
10.11 Japan Premium Furniture & Furnishings Market: Size and Forecast (2016-2026)
10.12 Japan Premium Furniture & Furnishings Market Segmentation by Product, Distribution Channel, End-Use
10.13 India Premium Furniture & Furnishings Market: Size and Forecast (2016-2026)
10.14 India Premium Furniture & Furnishings Market Segmentation by Product, Distribution Channel, End-Use
10.15 Australia Premium Furniture & Furnishings Market: Size and Forecast (2016-2026)
10.16 Australia Premium Furniture & Furnishings Market Segmentation by Product, Distribution Channel, End-Use

11. Global Premium Furniture & Furnishings Market Dynamics

11.1 Global Premium Furniture & Furnishings Market Drivers
11.2 Global Premium Furniture & Furnishings Market Restraints
11.3 Global Premium Furniture & Furnishings Market Trends

12. Market Attractiveness and Strategic Analysis

12.1 Market Attractiveness Chart of Global Premium Furniture & Furnishings - by Product (Year 2026)
12.2 Market Attractiveness Chart of Global Premium Furniture & Furnishings - by Distribution Channel (Year 2026)
12.3 Market Attractiveness Chart of Global Premium Furniture & Furnishings - by End Use (Year 2026)
12.4 Market Attractiveness Chart of Global Premium Furniture & Furnishings - by Region (Year 2026)

13. Competitive Landscape

13.1 Market Share of global leading companies
13.2 SWOT Analysis- Global Premium Furniture & Furnishings Market
13.3 Porter Five Forces Analysis-Global Premium Furniture & Furnishings Market

14. Company Profiles (Business Description, Financial Analysis, Business Strategy)

14.1 Herman Miller
14.2 HNI Corporation
14.3 Okamura Corporation
14.4 Kimball International Inc.
14.5 Ralph Lauren Corporation
14.6 Basett Furniture Industries Inc.
14.7 Steelcase Inc.
14.8 La-z-Boy
14.9 Grayson Luxury
14.10 Haworth Inc.

List of Figures

Figure 1: Global Premium Furniture & Furnishings Market Size, by Value, 2016-2026 (USD Million)
Figure 2: Urban Population (% of total) 2016-2020
Figure 3: Global GDP per Capita (current USD) 2015-2019
Figure 4: Global Individuals using internet (2015-2019) (% of total population)
Figure 5: World Population Share by Region (2020)
Figure 6: Global Premium Furniture & Furnishings Market- by Product Market Share, 2020 & 2026
Figure 7: Global Premium Furniture & Furnishings Market- by Furniture, by Value (USD Million), 2016-2026
Figure 8: Global Premium Furniture & Furnishings Market- by Housewares, by Value (USD Million), 2016-2026
Figure 9: Global Premium Furniture & Furnishings Market- by Textiles, by Value (USD Million), 2016-2026
Figure 10: Global Premium Furniture & Furnishings Market- by Lighting, by Value (USD Million), 2016-2026
Figure 11: Global Premium Furniture & Furnishings Market- by Other, by Value (USD Million), 2016-2026
Figure 12: Global Premium Furniture & Furnishings Market- by Distribution Channel, Market Share, 2020 & 2026
Figure 13: Global Premium Furniture & Furnishings Market- by Offline, (USD Million), 2016-2026
Figure 14: Global Premium Furniture & Furnishings Market- by Online, (USD Million), 2016-2026
Figure 15: Global Premium Furniture & Furnishings Market- by End Use, Market Share, 2020 & 2026
Figure 16: Global Premium Furniture & Furnishings Market- by Residential, (USD Million), 2016-2026
Figure 17: Global Premium Furniture & Furnishings Market- by Commercial, (USD Million), 2016-2026
Figure 18: Global Premium Furniture & Furnishings Market- by Region Market Share, 2020 & 2026
Figure 19: North America Premium Furniture & Furnishings Market Size, by Value, 2016-2026 (USD Million)
Figure 20: North America Urban Population (% of Total) (2016-2020)
Figure 21: North America Per Capita GDP (USD Thousand) 2015-2019
Figure 22: Market Share of Leading Companies in North America Premium Furniture & Furnishings Market (%), 2020
Figure 23: North America Premium Furniture & Furnishings Market- by Product, by Value (USD Million), 2016-2026
Figure 24: North America Premium Furniture & Furnishings Market- by Distribution Channel, by Value (USD Million), 2016-2026
Figure 25: North America Premium Furniture & Furnishings Market- by End Use, by Value (USD Million), 2016-2026
Figure 26: Market Opportunity Chart of North America Premium Furniture & Furnishings Market- by Country, by Value (Year-2026)
Figure 27: North America Premium Furniture & Furnishings Market- by Country Market Share, 2020 & 2026
Figure 28: United States Premium Furniture & Furnishings Market Size, by Value, 2016-2026 (USD Million)
Figure 29: US GDP Per Capita (current USD) 2016-2020
Figure 30: US Urban Population (% of total) 2016-2020
Figure 31: United States Premium Furniture & Furnishings Market- by Product, by Value (USD Million), 2016-2026
Figure 32: United States Premium Furniture & Furnishings Market- by Distribution Channel, by Value (USD Million), 2016-2026
Figure 33: United States Premium Furniture & Furnishings Market- by End Use, by Value (USD Million), 2016-2026
Figure 34: Canada Premium Furniture & Furnishings Market Size, by Value, 2016-2026 (USD Million)
Figure 35: Canada Per capita (USD thousand),2016-2020
Figure 36: Canada Urban Population (% of total), 2016-2020
Figure 37: Canada Premium Furniture & Furnishings Market- by Product, by Value (USD Million), 2016-2026
Figure 38: Canada Premium Furniture & Furnishings Market- by Distribution Channel, by Value (USD Million), 2016-2026
Figure 39: Canada Premium Furniture & Furnishings Market- by End Use, by Value (USD Million), 2016-2026
Figure 40: Europe Premium Furniture & Furnishings Size, by Value, 2016-2026 (USD Million)
Figure 41: European Union GDP Per capita (2016-2020) in USD Thousands
Figure 42: European Urban Population (% of total) (2016-2020)
Figure 43: Europe Premium Furniture & Furnishings Market- by Product, by Value (USD Million), 2016-2026
Figure 44: Europe Premium Furniture & Furnishings Market- by Distribution Channel, by Value (USD Million), 2016-2026
Figure 45: Europe Premium Furniture & Furnishings Market- by End Use, by Value (USD Million), 2016-2026
Figure 46: Market Opportunity Chart of Europe Premium Furniture & Furnishings Market- by Country, by Value (Year-2026)
Figure 47: Europe Premium Furniture & Furnishings Market- by Country Market Share, 2020 & 2026
Figure 48: United Kingdom Premium Furniture & Furnishings Market Size, by Value, 2016-2026 (USD Million)
Figure 49: United Kingdom Per Capita GDP (Current USD Thousand), 2016-2020
Figure 50: UK Urban Population 2016-2020 (% of total)
Figure 51: United kingdom Premium Furniture & Furnishings Market- by Product, by Value (USD Million), 2016-2026
Figure 52: United kingdom Premium Furniture & Furnishings Market- by Distribution Channel, by Value (USD Million), 2016-2026
Figure 53: United kingdom Premium Furniture & Furnishings Market- by End Use, by Value (USD Million), 2016-2026
Figure 54: Germany Premium Furniture & Furnishings Market Size, by Value, 2016-2026 (USD Million)
Figure 55: Germany Urban Population (% of total) (2016-2020)
Figure 56: Internet Access in Germany (% of total) (2016-2020)
Figure 57: Germany Premium Furniture & Furnishings Market- by Product, by Value (USD Million), 2016-2026
Figure 58: Germany Premium Furniture & Furnishings Market- by Distribution Channel, by Value (USD Million), 2016-2026
Figure 59: Germany Premium Furniture & Furnishings Market- by End Use, by Value (USD Million), 2016-2026
Figure 60: Italy Premium Furniture & Furnishings Market Size, by Value, 2016-2026 (USD Million)
Figure 61: Italy Urban Population (% of total)2016-2020
Figure 62: Internet Access in Italy (% of total) (2016-2020)
Figure 63: Italy Premium Furniture & Furnishings Market- by Product, by Value (USD Million), 2016-2026
Figure 64: Italy Premium Furniture & Furnishings Market- by Distribution Channel, by Value (USD Million), 2016-2026
Figure 65: Italy Premium Furniture & Furnishings Market- by End Use, by Value (USD Million), 2016-2026
Figure 66: France Premium Furniture & Furnishings Size, by Value, 2016-2026 (USD Million)
Figure 67: France Urban Population (% of total) 2016-2020
Figure 68: Internet Access in France (% of total) (2015-2019)
Figure 69: France Premium Furniture & Furnishings Market- by Product, by Value (USD Million), 2016-2026
Figure 70: France Premium Furniture & Furnishings Market- by Distribution Channel, by Value (USD Million), 2016-2026
Figure 71: France Premium Furniture & Furnishings Market- by End Use, by Value (USD Million), 2016-2026
Figure 72: Asia Pacific Premium Furniture & Furnishings Size, by Value, 2016-2026 (USD Million)
Figure 73: East Asia & Pacific GDP (Current USD Trillion) 2016-2020
Figure 74: East Asia & Pacific Urban Population (2016-2020) (% of total)
Figure 75: Asia-Pacific Premium Furniture & Furnishings Market- by Product, by Value (USD Million), 2016-2026
Figure 76: Asia-Pacific Premium Furniture & Furnishings Market- by Distribution Channel, by Value (USD Million), 2016-2026
Figure 77: Asia-Pacific Premium Furniture & Furnishings Market- by End Use, by Value (USD Million), 2016-2026
Figure 78: Market Opportunity Chart of APAC Premium Furniture & Furnishings Market- by Country, by Value (Year-2026)
Figure 79: APAC Premium Furniture & Furnishings Market- by Country Market Share, 2020 & 2026
Figure 80: China Premium Furniture & Furnishings Market Size, by Value, 2016-2026 (USD Million)
Figure 81: China GDP Per Capita (Current USD Thousand) 2016-2020
Figure 82: China Urban Population (2016-2020) (% of total)
Figure 83: China Premium Furniture & Furnishings Market- by Product, by Value (USD Million), 2016-2026
Figure 84: China Premium Furniture & Furnishings Market- by Distribution Channel, by Value (USD Million), 2016-2026
Figure 85: China Premium Furniture & Furnishings Market- by End Use, by Value (USD Million), 2016-2026
Figure 86: Japan Premium Furniture & Furnishings Market Size, by Value, 2016-2026 (USD Million)
Figure 87: Japan Urban Population (2016-2020) (% of total)
Figure 88: Internet Users in Japan (% of total) (2016-2020)
Figure 89: Japan Premium Furniture & Furnishings Market- by Product, by Value (USD Million), 2016-2026
Figure 90: Japan Premium Furniture & Furnishings Market- by Distribution Channel, by Value (USD Million), 2016-2026
Figure 91: Japan Premium Furniture & Furnishings Market- by End Use, by Value (USD Million), 2016-2026
Figure 92: India Premium Furniture & Furnishings Size, by Value, 2016-2026 (USD Million)
Figure 93: India Urban Population (2016-2020) (% of total)
Figure 94: India GDP Per Capita (in USD thousands) 2015-2019
Figure 95: India Premium Furniture & Furnishings Market- by Product, by Value (USD Million), 2016-2026
Figure 96: India Premium Furniture & Furnishings Market- by Distribution Channel, by Value (USD Million), 2016-2026
Figure 97: India Premium Furniture & Furnishings Market- by End Use, by Value (USD Million), 2016-2026
Figure 98: Australia Premium Furniture & Furnishings Size, by Value, 2016-2026 (USD Million)
Figure 99: Number of Internet Users in Australia (in millions) (2016-2020)
Figure 100: Australia Urban Population (2016-2020) (% of total)
Figure 101: Australia Premium Furniture & Furnishings Market- by Product, by Value (USD Million), 2016-2026
Figure 102: Australia Premium Furniture & Furnishings Market- by Distribution Channel, by Value (USD Million), 2016-2026
Figure 103: Australia Premium Furniture & Furnishings Market- by End Use, by Value (USD Million), 2016-2026
Figure 104: Market Attractiveness Chart of Global Premium Furniture & Furnishings Market- by Product (Year-2026)
Figure 105: Market Attractiveness Chart of Global Premium Furniture & Furnishings Market- by Distribution Channel
Figure 106: Market Attractiveness Chart of Global Premium Furniture & Furnishings Market- by End Use (Year-2026)
Figure 107: Market Attractiveness Chart of Global Premium Furniture & Furnishings- by Region (Year-2026)
Figure 108: Market Share of Leading Companies in Global Premium Furniture & Furnishings Market (%), 2020
Figure 109: Herman Miller Company, Sales Revenues, 2016-2020 (USD Million)
Figure 110: Herman Miller Company, Net Earning, 2016-2020 (USD Million)
Figure 111: Herman Miller Company, Revenues, by Business Segment (%), FY2020
Figure 112: Herman Miller Company, Revenues, by Business Segment (%), FY2019
Figure 113: HNI Corporation, Sales Revenues, 2016-2020 (USD Million)
Figure 114: HNI Corporation, Net Earning, 2016-2020 (USD Million)
Figure 115: HNI Corporation, Revenues, by Geographical Segment (%), FY2020
Figure 116: HNI Corporation, Revenues, by Geographical Segment (%), FY2019
Figure 117: Okamura Corporation, Company Sales Revenues, 2016-2020 (USD Million)
Figure 118: Okamura Corporation, Net Income, 2016-2020 (USD Million)
Figure 119: Okamura Corporation, Revenues, by Business Segment (%), FY2020
Figure 120: Okamura Corporation, Revenues, by Business Segment (%), FY2019
Figure 121: Kimball International Inc., Sales Revenues, 2016-2020 (USD Million)
Figure 122: Kimball International Inc., Net Income, 2016-2020 (USD Million)
Figure 123: Kimball International Inc., Revenues, by Geographical Segment (%), FY2020
Figure 124: Kimball International Inc, Revenues, by Geographical Segment (%), FY2019
Figure 125: Ralph Lauren Corporation, Sales Revenues, 2016-2020 (USD Million)
Figure 126: Ralph Lauren Corporation, Net Earnings, 2016-2020 (USD Million)
Figure 127: Ralph Lauren Corporation, sales Revenues, by Business Segment (%), FY2020
Figure 128: Ralph Lauren Corporation, sales Revenue, by Business Segment (%), FY2019
Figure 129: Basett Furniture Industries Inc., Sales Revenues, 2016-2020 (USD Million)
Figure 130: Basett Furniture Industries Inc., Net Profit, 2016-2020 (USD Million)
Figure 131: Basett Furniture Industries Inc., Revenues, by Business Segment (%), FY2020
Figure 132: Basett Furniture Industries Inc., Revenues, by Business Segment (%), FY2020
Figure 133: Steelcase Inc., Sales Revenues, 2016-2020 (USD Million)
Figure 134: Steelcase Inc., Net Profit, 2016-2020 (USD Million)
Figure 135: Steelcase Inc., Revenues, by Business Segment (%), FY2020
Figure 136: Steelcase Inc., Revenues, by Business Segment (%), FY2019
Figure 137: La-Z-Boy, Sales Revenues, 2016-2020 (USD Million)
Figure 138: La-Z-Boy, Net Profit, 2016-2020 (USD Million)
Figure 139: La-Z-Boy, Revenues, by Business Segment (%), FY2020
Figure 140: La-Z-Boy, Revenues, by Business Segment (%), FY2019