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

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

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Get more information about the market: According to the latest report by IMARC Group, titled “Luxury Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global luxury furniture market reached a value of around US$ 24 Billion in 2017. Request a sample report: Browse more reports on Retail Industry: Contact Us IMARC Group USA: +1-631-791-1145 Email: sales@imarcgroup.com Follow us on twitter: @imarcglobal – PowerPoint PPT presentation

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Title: 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
Copyright IMARC. All Rights Reserved
2
About IMARC Group
Report Description
IMARC is a leading advisor on management
strategy and market research worldwide. We
partner with clients in all sectors and regions
to identify their highest-value opportunities,
address their most critical challenges, and
transform their businesses. IMARCs information
products include major market, scientific,
economic and technological developments for
business leaders in pharmaceutical, industrial,
and high technology organizations. Market
forecasts and industry analysis for
biotechnology, advanced materials,
pharmaceuticals, food and beverage, travel and
tourism, nanotechnology and novel processing
methods are at the top of the companys
expertise. IMARCs tailored approach combines
unfathomable insight into the dynamics of
companies and markets with close cooperation at
all levels of the client organization. This
ensures that our clients achieve unmatchable
competitive advantage, build more proficient
organizations, and secure lasting results.
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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  
6
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

2017 IMARC All Rights Reserved This
Publication and all its contents unless
otherwise mentioned are copyrighted in the name
of International Market Analysis Research and
Consulting (IMARC). No part of this publication
may be reproduced, repackaged, redistributed or
resold in whole or in any part. The publication
may also not be used in any form or by and means
graphic electronic or mechanical, including
photocopying, recording, taping or by information
storage or retrieval, or by any other form,
without the express consent of International
Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
this publication, including forecasts, data
analysis and opinion have been based on
information and sources believed to be accurate
and reliable at the time of publishing.
International Market Analysis Research and
Consulting makes no representation of warranty of
any kind as to the accuracy or completeness of
any Information provided. IMARC accepts no
liability whatsoever for any loss or damage
resulting from opinion, errors or inaccuracies if
any found this publication. IMARC, IMARC Group
and Global Therapy Insight Series are registered
trademarks of International Market Analysis
Research and Consulting. All other trademarks
used in this publication are registered
trademarks of their respective companies.
8

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