PUBLISHER: TechNavio | PRODUCT CODE: 1151669
PUBLISHER: TechNavio | PRODUCT CODE: 1151669
Technavio has been monitoring the luxury furniture market and is poised to grow by $9215.63 mn from 2023-2027, accelerating at a CAGR of 5.21% during the forecast period. Our report on the luxury furniture market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing number of new luxury furniture showroom launches, the growing influence of different retailing channels, and the rising popularity of multifunctional luxury furniture.
Technavio's luxury furniture market is segmented as below:
By Application
By Distribution Channel
By Geographical Landscape
This study identifies the rapid emergence of eco-friendly and organic luxury furniture as one of the prime reasons driving the luxury furniture market growth during the next few years. Also, growth in demand for luxury furniture among millennials and technological innovations in the global luxury furniture market will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury furniture market vendors that include ANGELO CAPPELLINI and C. Srl, Club House Italia S.p.A, Eichholtz B.V., Eric Kuster Metropolitan Luxury International Holding Ltd., Giorgio Armani S.p.A., Giorgio Collection, Herman Miller Inc., LONGHI S.p.a., Minotti S.p.A., MUEBLES PICO SA, Opera Contemporary, Reflex S.p.a., ROCHE BOBOIS SA, Rugiano Srl, Silik s.r.l., Vaughan Bassett, Williams Sonoma Inc., and Natuzzi SpA. Also, the luxury furniture market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
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