Luxury Furniture Market Size By Type, By Distribution Channel, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023

Description

List of Tables

Luxury Furniture Market is expected to witness steady growth during 2023-2032, owing to the increasing replacement of aging infrastructure. Old infrastructure, such as buildings, require renovations, and there is an increasing tendency to replace old furniture during the renovation process, which will drive market growth.

In addition, the key players operating in the luxury furniture industry are constantly incorporating strategic initiatives such as partnerships, mergers, and acquisitions, and new product launches to strengthen their foothold in the market. For instance, in July 2021, Herman Miller completed its previously announced acquisition of Knoll, Inc. With this acquisition, the combined companies now boast of operating in more than 100 countries across the world.

To cite another instance, in December 2022, Zebrano, the Turkey-based furniture brand opened a new branch in North Olmsted, Ohio. Sprawled across 9,000 sq. ft., the new branch will offer classical, elegant, and even avant-garde furniture.

Overall, the luxury furniture market is bifurcated in terms of type, distribution channel, and region.

On the basis of type, the chairs segment held over USD 5 billion market share in 2022 and is expected to demonstrate massive growth by 2032. The increasing number of households and office spaces, along with the "working from home" scenario, is slated to augment the demand for the luxury chair segment. The WFH culture has highlighted the earlier neglected ergonomic furniture section. Ergonomic furniture such as chairs can be easily installed in homes and not only are they fully adjustable, but also help with back pain, reduce neck pain, improve blood circulation, and boost productivity. Such attributes are slated to drive the market progression between 2023 and 2032.

Based on the distribution channel, the offline segment will grow at more than 3.5% CAGR by 2032. The growth can be attributed to the increased customization and physical experience opportunities. In addition, several benefits offered by offline furniture purchases, such as no waiting for shipping, the ability to inspect the product before purchasing, and simple returns, are expected to augment market growth in the coming years.

In the regional context, the Asia Pacific luxury furniture market is projected to register notable gains through 2032. Rising living standards coupled with an increasing number of luxury hotels, educational institutions, and hospitals are expected to boost the luxury furniture industry's penetration in the APAC region.

Product Code: 5034

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & working
- 1.2.1 North America
- 1.2.2 Europe
- 1.2.3 Asia Pacific
- 1.2.4 Latin America (LATAM)
- 1.2.5 Middle East & Africa (MEA)
1.3 Forecast calculations
- 1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary

Chapter 2 Executive Summary

2.1 Luxury furniture industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Type trends
- 2.1.3 Distribution Channel trends
- 2.1.4 Regional trends

Chapter 3 Luxury furniture Industry Insights

3.1 Industry segmentation
3.2 Industry landscape, 2018 - 2032
- 3.2.1 COVID-19 impact on luxury furniture industry
3.3 Industry ecosystem analysis
- 3.3.1 Raw Material Suppliers
  - 3.3.1.1 Challenges faced by raw material suppliers
  - 3.3.1.2 COVID-19 impact on raw material supply
- 3.3.2 Manufacturers
  - 3.3.2.1 Challenges faced by luxury furniture manufacturers
- 3.3.3 Suppliers & Distributors
- 3.3.4 Luxury furniture Assemblers
- 3.3.5 Distribution channel analysis
  - 3.3.5.1. B2 B
  - 3.3.5.2. B2 C
  - 3.3.5.3 E-commerce
  - 3.3.5.4 Value chain disruption analysis (COVID-19 impact)
- 3.3.6 Profit margin trends
- 3.3.7 Vendor matrix
3.4 Key players of luxury furniture market
- 3.4.1 North America
- 3.4.2 Europe
- 3.4.3 Asia Pacific
- 3.4.4 Latin America
- 3.4.5 Middle East & Africa
3.5 Technology & innovation landscape
- 3.5.1 Computer Aided Design (CAD)
- 3.5.2 Computer Aided Manufacturing (CAM)
- 3.5.3 CNC bending and cutting
- 3.5.4 New Materials
- 3.5.5 Innovation for sustainability
- 3.5.6 Innovation in Marketing
3.6 Industry best practices & key buying criteria
3.7 Consumer buying behavior analysis
3.8 Regulatory landscape
- 3.8.1 North America
- 3.8.2 Europe
- 3.8.3 Asia Pacific
- 3.8.4 Latin America
- 3.8.5 Middle East & Africa
3.9 Pricing analysis, by region (Effect of COVID-19)
- 3.9.1 Regional price trends
- 3.9.2 Price by type
- 3.9.3 Covid-19 impact on pricing
3.10 Industry impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Change in consumer buying behavior due to transformation in living styles across the globe
  - 3.10.1.2 Rising replacement of aging infrastructure
- 3.10.2 Industry pitfall & challenges
  - 3.10.2.1 Limited availability of skilled labor to meet fluctuating consumer demand
  - 3.10.2.2 Increasing cost and need to enhance supply chain visibility and efficiency
3.11 Growth potential analysis, 2022
3.12 Porter's analysis
- 3.12.1 Supplier power
- 3.12.2 Buyer power
- 3.12.3 Threat of new entrants
- 3.12.4 Threat of substitutes
- 3.12.5 Industry Rivalry
3.13 PESTEL analysis
3.14 Impact of COVID-19 on furniture industry by end-user
- 3.14.1 Residential
- 3.14.2 Commercial

Chapter 4 Competitive Landscape, 2022

4.1 Company market share analysis, 2022
4.2 Brand analysis
4.3 Key stakeholders
4.4 Strategy dashboard

Chapter 5 Luxury furniture Market, By Type

5.1 Luxury furniture market share, by type, 2022 & 2032
5.2 Tables
- 5.2.1 Market estimates & forecast, 2018 - 2032
- 5.2.2 Market estimates & forecast, by region, 2032 - 2032
5.3 Chairs
- 5.3.1 Market estimates & forecast, 2018 - 2032
- 5.3.2 Market estimates & forecast, by region, 2018 - 2032
5.4 Sofas & lounges
- 5.4.1 Market estimates & forecast, 2018 - 2032
- 5.4.2 Market estimates & forecast, by region, 2018-2032
5.5 Kitchen
- 5.5.1 Market estimates & forecast, 2018 - 2032
- 5.5.2 Market estimates & forecast, by region, 2018-2032
5.6 Bed
- 5.6.1 Market estimates & forecast, 2018 - 2032
- 5.6.2 Market estimates & forecast, by region, 2018-2032
5.7 Lighting
- 5.7.1 Market estimates & forecast, 2018 - 2032
- 5.7.2 Market estimates & forecast, by region, 2018-2032
5.8 Interior accessories
- 5.8.1 Market estimates & forecast, 2018 - 2032
- 5.8.2 Market estimates & forecast, by region, 2018-2032
5.9 Others
- 5.9.1 Market estimates & forecast, 2018 - 2032
- 5.9.2 Market estimates & forecast, by region, 2018-2032

Chapter 6 Luxury furniture Market, By Distribution Channel

6.1 Luxury furniture market share, by distribution channel, 2022 & 2032
6.2 Online
- 6.2.1 Market estimate and forecast 2018-2032
- 6.2.2 Market estimate and forecast, by region, 2018-2032
6.3 Offline
- 6.3.1 Market estimate and forecast 2018-2032
- 6.3.2 Market estimate and forecast, by region, 2018-2032

Chapter 7 Luxury furniture Market, By Region

7.1 Luxury furniture market share, by region, 2022 & 2032
7.2 North America
- 7.2.1 North America luxury furniture market estimate and forecast, 2018-2032
- 7.2.2 North America luxury furniture market estimates and forecast, by Type, 2018-2032
- 7.2.3 North America market estimates and forecast, by Distribution Channel, 2018-2032
- 7.2.4 U.S.
  - 7.2.4.1 U.S. luxury furniture market estimate and forecast, 2018-2032
  - 7.2.4.2 U.S. luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.2.4.3 U.S. luxury furniture market estimates and forecast, by Distribution Channel, 2018-2032
- 7.2.5 Canada
  - 7.2.5.1 Canada luxury furniture market estimate and forecast, 2018-2032
  - 7.2.5.2 Canada luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.2.5.3 Canada luxury furniture market estimates and forecast, by Distribution Channel, 2018-2032
7.3 Europe
- 7.3.1 Europe luxury furniture market estimate and forecast, 2018-2032
- 7.3.2 Europe luxury furniture market estimates and forecast, by Type, 2018-2032
- 7.3.3 Europe market estimates and forecast, by Distribution Channel, 2018-2032
- 7.3.4 Germany
  - 7.3.4.1 Germany luxury furniture market estimate and forecast, 2018-2032
  - 7.3.4.2 Germany luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.3.4.3 Germany market estimates and forecast, by Distribution Channel, 2018-2032
- 7.3.5 UK
  - 7.3.5.1 UK luxury furniture market estimate and forecast, 2018-2032
  - 7.3.5.2 UK luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.3.5.3 UK market estimates and forecast, by Distribution Channel, 2018-2032
- 7.3.6 France
  - 7.3.6.1 France luxury furniture market estimate and forecast, 2018-2032
  - 7.3.6.2 France luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.3.6.3 France market estimates and forecast, by Distribution Channel, 2018-2032
- 7.3.7 Belgium
  - 7.3.7.1 Belgium luxury furniture market estimate and forecast, 2018-2032
  - 7.3.7.2 Belgium luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.3.7.3 Belgium market estimates and forecast, by Distribution Channel, 2018-2032
- 7.3.8 Italy
  - 7.3.8.1 Italy luxury furniture market estimate and forecast, 2018-2032
  - 7.3.8.2 Italy luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.3.8.3 Italy market estimates and forecast, by Distribution Channel, 2018-2032
- 7.3.9 Russia
  - 7.3.9.1 Russia luxury furniture market estimate and forecast, 2018-2032
  - 7.3.9.2 Russia luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.3.9.3 Russia market estimates and forecast, by Distribution Channel, 2018-2032
7.4 Asia Pacific
- 7.4.1 Asia Pacific luxury furniture market estimate and forecast, 2018-2032
- 7.4.2 Asia Pacific luxury furniture market estimates and forecast, by Type, 2018-2032
- 7.4.3 Asia Pacific market estimates and forecast, by Distribution Channel, 2018-2032
- 7.4.4 China
  - 7.4.4.1 China luxury furniture market estimate and forecast, 2018-2032
  - 7.4.4.2 China luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.4.4.3 China market estimates and forecast, by Distribution Channel, 2018-2032
- 7.4.5 India
  - 7.4.5.1 India luxury furniture market estimate and forecast, 2018-2032
  - 7.4.5.2 India luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.4.5.3 India market estimates and forecast, by Distribution Channel, 2018-2032
- 7.4.6 Japan
  - 7.4.6.1 Japan luxury furniture market estimate and forecast, 2018-2032
  - 7.4.6.2 Japan luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.4.6.3 Japan market estimates and forecast, by Distribution Channel, 2018-2032
- 7.4.7 Indonesia
  - 7.4.7.1 Indonesia luxury furniture market estimate and forecast, 2018-2032
  - 7.4.7.2 Indonesia luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.4.7.3 Indonesia market estimates and forecast, by Distribution Channel, 2018-2032
- 7.4.8 Malaysia
  - 7.4.8.1 Malaysia luxury furniture market estimate and forecast, 2018-2032
  - 7.4.8.2 Malaysia luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.4.8.3 Malaysia market estimates and forecast, by Distribution Channel, 2018-2032
- 7.4.9 South Korea
  - 7.4.9.1 South Korea luxury furniture market estimate and forecast, 2018-2032
  - 7.4.9.2 South Korea luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.4.9.3 South Korea market estimates and forecast, by Distribution Channel, 2018-2032
7.5 Latin America
- 7.5.1 Latin America luxury furniture market estimate and forecast, 2018-2032
- 7.5.2 Latin America luxury furniture market estimates and forecast, by Type, 2018-2032
- 7.5.3 Latin America market estimates and forecast, by Distribution Channel, 2018-2032
- 7.5.4 Brazil
  - 7.5.4.1 Brazil luxury furniture market estimate and forecast, 2018-2032
  - 7.5.4.2 Brazil luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.5.4.3 Brazil market estimates and forecast, by Distribution Channel, 2018-2032
- 7.5.5 Mexico
  - 7.5.5.1 Mexico luxury furniture market estimate and forecast, 2018-2032
  - 7.5.5.2 Mexico luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.5.5.3 Mexico market estimates and forecast, by Distribution Channel, 2018-2032
7.6 Middle East & Africa (MEA)
- 7.6.1 MEA luxury furniture market estimate and forecast, 2018-2032
- 7.6.2 MEA luxury furniture market estimates and forecast, by Type, 2018-2032
- 7.6.3 MEA market estimates and forecast, by Distribution Channel, 2018-2032
- 7.6.4 South Africa
  - 7.6.4.1 South Africa luxury furniture market estimate and forecast, 2018-2032
  - 7.6.4.2 South Africa luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.6.4.3 South Africa market estimates and forecast, by Distribution Channel, 2018-2032
- 7.6.5 Saudi Arabia
  - 7.6.5.1 Saudi Arabia luxury furniture market estimate and forecast, 2018-2032
  - 7.6.5.2 Saudi Arabia luxury furniture market estimates and forecast, by Type, 2018-2032
  - 7.6.5.3 Saudi Arabia market estimates and forecast, by Distribution Channel, 2018-2032
- 7.6.6 UAE
  - 7.6.6.1 UAE luxury furniture market estimate and forecast, 2018-2032
  - 7.6.6.2 UAE market estimates and forecast, by Type, 2018-2032
  - 7.6.6.3 UAE market estimates and forecast, by Distribution Channel, 2018-2032
- 7.6.7 Qatar
  - 7.6.7.1 Qatar luxury furniture market estimate and forecast, 2018-2032
  - 7.6.7.2 Qatar market estimates and forecast, by Type, 2018-2032
  - 7.6.7.3 Qatar market estimates and forecast, by Distribution Channel, 2018-2032

Chapter 8 Company Profiles

8.1 Kohler Inc
- 8.1.1 Business overview
- 8.1.2 Financial data
- 8.1.3 Product landscape
- 8.1.4 Go-to-market strategy
- 8.1.5 SWOT analysis
8.2 cassina
- 8.2.1 Business overview
- 8.2.2 Financial data
- 8.2.3 Product landscape
- 8.2.4 Go-to-market strategy
- 8.2.5 SWOT analysis
8.3 IKEA
- 8.3.1 Business overview
- 8.3.2 Financial data
- 8.3.3 Product landscape
- 8.3.4 Go-to-market strategy
- 8.3.5 SWOT analysis
8.4 Knoll, Inc.
- 8.4.1 Business overview
- 8.4.2 Financial data
- 8.4.3 Product landscape
- 8.4.4 Go-to-market strategy
- 8.4.5 SWOT analysis
8.5 MARIONI
- 8.5.1 Business overview
- 8.5.2 Financial data
- 8.5.3 Product landscape
- 8.5.4 Go-to-market strategy
- 8.5.5 SWOT analysis
8.6 Boca do Lobo
- 8.6.1 Business overview
- 8.6.2 Financial data
- 8.6.3 Product landscape
- 8.6.4 Go-to-market strategy
- 8.6.5 SWOT analysis
8.7 Bentley Home
- 8.7.1 Business overview
- 8.7.2 Financial data
- 8.7.3 Product landscape
- 8.7.4 Go-to-market strategy
- 8.7.5 SWOT analysis
8.8 Illulian Luxury Rugs
- 8.8.1 Business overview
- 8.8.2 Financial data
- 8.8.3 Product landscape
- 8.8.4 Go-to-market strategy
- 8.8.5 SWOT analysis
8.9 Heritage Home
- 8.9.1 Business overview
- 8.9.2 Financial data
- 8.9.3 Product landscape
- 8.9.4 Go-to-market strategy
- 8.9.5 SWOT analysis
8.10 Furniture Concepts
- 8.10.1 Business overview
- 8.10.2 Financial data
- 8.10.3 Product landscape
- 8.10.4 Go-to-market strategy
- 8.10.5 SWOT analysis
8.11 Haworth Inc
- 8.11.1 Business overview
- 8.11.2 Financial data
- 8.11.3 Product landscape
- 8.11.4 Go-to-market strategy
- 8.11.5 SWOT analysis
8.12 Godrej & Boyce Manufacturing Co. Ltd.
- 8.12.1 Business overview
- 8.12.2 Financial data
- 8.12.3 Product landscape
- 8.12.4 Go-to-market strategy
- 8.12.5 SWOT analysis
8.13 HNI
- 8.13.1 Business overview
- 8.13.2 Financial data
- 8.13.3 Product landscape
- 8.13.4 Go-to-market strategy
- 8.13.5 SWOT analysis
8.14 Renaissance furniture
- 8.14.1 Business overview
- 8.14.2 Financial data
- 8.14.3 Product landscape
- 8.14.4 Go-to-market strategy
- 8.14.5 SWOT analysis
8.15 Herman Miller, Inc.
- 8.15.1 Business overview
- 8.15.2 Financial data
- 8.15.3 Product landscape
- 8.15.4 Go-to-market strategy
- 8.15.5 SWOT analysis
8.16 Urban Office
- 8.16.1 Business overview
- 8.16.2 Financial data
- 8.16.3 Product landscape
- 8.16.4 Go-to-market strategy
- 8.16.5 SWOT analysis
8.17 Brabbu
- 8.17.1 Business overview
- 8.17.2 Financial data
- 8.17.3 Product landscape
- 8.17.4 Go-to-market strategy
- 8.17.5 SWOT analysis
8.18 Mccarthy Group
- 8.18.1 Business overview
- 8.18.2 Financial data
- 8.18.3 Product landscape
- 8.18.4 Go-to-market strategy
- 8.18.5 SWOT analysis
8.19 Furniture Services Incorporated
- 8.19.1 Business overview
- 8.19.2 Financial data
- 8.19.3 Product landscape
- 8.19.4 Go-to-market strategy
- 8.19.5 SWOT analysis
8.20 Reflex Angelo
- 8.20.1 Business overview
- 8.20.2 Financial data
- 8.20.3 Product landscape
- 8.20.4 Go-to-market strategy
- 8.20.5 SWOT analysis
8.21 Giorgetti
- 8.21.1 Business overview
- 8.21.2 Financial data
- 8.21.3 Product landscape
- 8.21.4 Go-to-market strategy
- 8.21.5 SWOT analysis
8.22 U.S. Quality furniture Services, Inc.
- 8.22.1 Business overview
- 8.22.2 Financial data
- 8.22.3 Product landscape
- 8.22.4 Go-to-market strategy
- 8.22.5 SWOT analysis
8.23 Trussardi Casa
- 8.23.1 Business overview
- 8.23.2 Financial data
- 8.23.3 Product landscape
- 8.23.4 Go-to-market strategy
- 8.23.5 SWOT analysis
8.24 Selva
- 8.24.1 Business overview
- 8.24.2 Financial data
- 8.24.3 Product landscape
- 8.24.4 Go-to-market strategy
- 8.24.5 SWOT analysis