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iCrowdNewswire Jan 25, 2021 5:00 AM ET

Global Luxury Furniture Market Opportunities, Application, Growth Rate & Regional Analysis

Global Luxury Furniture Market Opportunities, Application, Growth Rate & Regional Analysis

iCrowd Newswire - Jan 25, 2021

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 2027 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.

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.

The primary research procedure is based on results of face to face interviews with industry experts and consumers. The secondary research process includes an intricate study of the scholarly journals and reports available online.

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However, lack of skilled workers across luxury furniture and rise in raw material prices are the restraining factors which are expected to hamper the global luxury furniture market growth.

Key Players

The report has presented a synopsis of the market players leading the global Luxury Furniture Market. Porter’s five forces model has been used here to analyze the performance of each key player under different parameters.

Various key players are discussed in this report such as 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.

Market Taxonomy

By Material

By End Use

By Region

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Contact Information:

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Research Support Specialist
QualiKet Research
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Keywords:    Luxury Furniture Industry ,Luxury Furniture Market ,Luxury Furniture Market Size ,Luxury Furniture Market Share ,Luxury Furniture Market Trend ,Luxury Furniture Market Growth

Tags:    Reportedtimes, IPS, Research Newswire, English