Global Luxury Furniture Market Size, Growth, Trends, Research Report and Forecast 2018-2023

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 Global Luxury Furniture Market Influenced by
Expanding Real-Estate Sector
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Report Description and Highlights
Report Description
      Global Luxury Furniture Market Influenced
by Expanding Real-Estate Sector As luxury
furniture is eco-friendly and acts as a status
symbol, the global luxury furniture market is
growing at a steady rate. Owing to this, it is
now being increasingly used across residential
and commercial sectors which has further given
impetus to the market. Luxury furniture refers
to the premium quality articles like tables,
chairs, or beds, which are often made by skilled
craftsmen. It is used to enhance the aesthetic
value of an institution such as homes, hotels,
offices and other indoor or outdoor areas.  A new
research report by IMARC Group, titled Luxury
Furniture Market Global Industry Trends, Share,
Size, Growth, Opportunity and Forecast
2018-2023, estimates that the market reached a
value of around US 24 Billion in 2017. The
report further anticipates the market to cross
US 30 Billion by 2023, at a projected CAGR of 4
during 2018-2023.
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Report Description and Highlights
Report Description

• Market Drivers/Constraints
• Over the years, the real estate sector has
  witnessed a significant growth, thereby creating
  a huge demand for luxury furniture across
  residential and commercial sectors. This is one
  of the primary factors facilitating the growth of
  the global luxury furniture market.
• As luxury furniture acts as a status symbol,
  factors such as surging incomes, increasing
  urbanisation and industrialisation rates, and
  rising penetration of online retailing
  particularly in the developing nations are
  influencing consumers for purchasing luxury
  furniture. This, in turn is adding up to the
  market growth.
• Some of the other factors that have been
  proactive in maintaining the demand for luxury
  furniture include low operational cost, growing
  impact of globalisation, increasing environmental
  concerns, eco-friendly furniture and rising
  infrastructural investments.
• However, the factors that hamper the market
  growth for luxury furniture include lack of
  skilled workforce and fluctuating prices of raw
  materials.
• Read full report_at_ https//www.imarcgroup.com/l
  uxury-furniture-market

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Report Description and Highlights
Report Description
Application Insights On the basis of
application, the market has been segregated into
domestic and commercial sectors. Among these,
domestic sector currently represents the largest
segment, holding the majority of the total market
share. It is further segmented as living room and
bedroom, kitchen, bathroom, outdoor and lighting.
On the other hand, the commercial sector is
categorised as office, hospitality and
others. Raw Material Insights Wood, metal,
glass, leather and plastic are the major raw
materials used for the production of luxury
furniture. At present, wood is the most popular
raw material as it is a natural and renewable
resource. Distribution Channel Insights On the
basis of distribution channel, departmental
stores represent the leading segment as they
offer convenience to the consumers. They are
followed by independent furniture retailers,
factory outlets and others. Regional
Insights On a geographical front, the market has
been segmented into North America, Asia Pacific,
Europe, Middle East and Africa, and Latin
America. Amongst these, Europe exhibits a clear
dominance in the market with the majority of the
share, followed by North America and Asia
Pacific. Request Sample Of The Report
https//www.imarcgroup.com/request?typereportid
900flagB  
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Report Description and Highlights
Report Description

• Competitive Landscape
• The market is highly fragmented with the presence
  of numerous small and large manufacturers who
  compete in terms of prices and quality. Some of
  the leading players operating in the market are
• Giovanni Visentin Srl
• Laura Ashley Holdings
• Muebles Pico Sa
• Scavolini Spa
• Hfi Wind Down, Inc.
• Browse more related reports
• Aluminium Furniture Market https//www.imarcgroup
  .com/prefeasibility-report-aluminium-furniture-man
  ufacturing-plant Deodorant Market
  https//www.imarcgroup.com/prefeasibility-report-d
  eodorant-manufacturing-plant

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Report Description and Highlights
Report Description

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