Global Luxury Furniture Market 2015-2019

Global Luxury Furniture Market 2015-2019

Category : Consumer Goods
Published On : December  2015
Pages : 63



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Global luxury furniture: Market outlook
With change in lifestyle and growth in the economy, people are constantly enhancing their living and work environment, hence the adoption of products such as luxury furniture is on the rise. Luxury furniture is undergoing rapid modifications, wherein vendors are coming up with various striking new designs and collaborating with interior designers to increase their visibility to capture high customer base.

According to Technavio analysts, the global luxury furniture market is expected to grow at a CAGR of over 4% during the forecast period. In terms of geography, Europe represented the largest market for luxury furniture. The market in developed countries is growing at a moderate rate, however, the growth in developing countries such as China and India has been significantly high and promising. One major trend motivating the market growth is the advent of eco-friendly furniture, which is driven by the growing environmental concerns that have driven the furniture vendors to go green.

Segmentation of the global luxury furniture market by application
• Domestic
• Commercial

The rise in domestic real estate industry and growing number of high net worth individual’s (HNWI) and ultra high net worth individual’s (UHNWI) population globally, has led to the growth of domestic segment with a market share of nearly 72% as of 2014. During the forecast period, domestic segment will continue to grow at a fast pace and retain its lead in the market.

Segmentation of the global luxury furniture market by retail format
• Monobrands
• Furniture retailer
• Departmental stores
• Online retailing
With a contribution of almost 50%, monobrand stores dominated the global luxury furniture market. The international appearance and touch of these spacious stores attracts the target consumers by projecting a fitting brand image. Some of the top vendors operating in this segment are Duresta Upholstery, Giovanni Visentin, and Laura Ashley.

Competitive landscape and key vendors
The global luxury furniture market is marked by the presence of well-diversified international and regional vendors. However, regional players are finding it difficult to compete with international players in terms of technology and pricing. Thus, vendors in the market are continuously looking for ways to enhance their quality by concentrating on original designs and technology.

Top vendors in this market are -
• Duresta Upholstery
• Giovanni Visentin
• Laura Ashley
• Muebles Pico
• Scavolini

Other prominent vendors included in this report are Henredon Furniture Industries, Herman Miller, HNI, IKEA, Iola Furniture, Kimball International, Knoll, Nella Vetrina, Steelcase, Turri S.r.l., and Valderamobili.

Key questions answered in the report include
• What will the market size and the growth rate be in 2019?
• What are the key factors driving the global luxury furniture market?
• What are the key market trends impacting the growth of the global luxury furniture market?
• What are the challenges to market growth?
• Who are the key vendors in the global luxury furniture market?
• What are the market opportunities and threats faced by the vendors in the global luxury furniture market?
• What are the trending factors influencing the market shares of the Europe, North America, APAC, and ROW?
• What are the key outcomes of the five forces analysis of the global luxury furniture market?

Technavio also offers customization on reports based on specific client requirement.

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PART 01: Executive summary
Highlights

PART 02: Scope of the report
Market overview
Top-vendor offerings

PART 03: Market research methodology
Research methodology
Economic indicators

PART 04: Introduction
Key market highlights

PART 05: Market landscape
Market overview
Global luxury furniture market: size and forecast
Five forces analysis

PART 06: Market segmentation by application
Global luxury furniture market by application
Global domestic luxury furniture market
Global commercial luxury furniture market

PART 07: Market segmentation by retail format
Global luxury furniture market by retail format

PART 08: Market segmentation by raw material
Global luxury furniture market by raw material

PART 09: Geographical segmentation
Global luxury furniture market by geography
Luxury furniture market in Europe
Luxury furniture market in North America
Luxury furniture market in APAC
Luxury furniture market in ROW

PART 10: Key leading countries
US
Germany
China

PART 11: Market drivers

PART 12: Impact of drivers

PART 13: Market challenges

PART 14: Impact of drivers and challenges

PART 15: Market trends

PART 16: Vendor landscape
Competitive scenario
Key vendors of global luxury furniture market
Other prominent vendors

PART 17: Key vendor analysis
Duresta Upholstery
Giovanni Visentin
Laura Ashley
Muebles Pico
Scavolini

PART 18: Appendix
List of abbreviations

PART 19: Explore Technavio

List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Global luxury furniture market vs global furniture market 2014
Exhibit 03: Global furniture market 2014-2019 ($ billions)
Exhibit 04: Overview of global luxury furniture market
Exhibit 05: Global luxury furniture market 2014-2019 ($ billions)
Exhibit 06: Five forces analysis
Exhibit 07: Global luxury furniture market by application 2014
Exhibit 08: Global luxury furniture market by application 2019
Exhibit 09: Global luxury furniture market by application 2014-2019
Exhibit 10: Segmentation of global domestic luxury furniture market
Exhibit 11: Global domestic luxury furniture market 2014-2019 ($ billions)
Exhibit 12: Segmentation of global domestic luxury furniture market 2014
Exhibit 13: Segmentation of global domestic luxury furniture market 2019
Exhibit 14: Segmentation of global commercial luxury furniture market
Exhibit 15: Global commercial luxury furniture market 2014-2019 ($ billions)
Exhibit 15: Segmentation of global commercial luxury furniture 2014
Exhibit 16: Segmentation of global commercial luxury furniture 2019
Exhibit 17: Global luxury furniture market by retail format 2014
Exhibit 18: Global luxury furniture market by raw material
Exhibit 19: Global luxury furniture market by raw material 2014
Exhibit 20: Global luxury furniture market by geography 2014
Exhibit 21: Global luxury furniture market by geography 2019
Exhibit 22: Global luxury furniture market by geography 2014-2019
Exhibit 23: Luxury furniture market in Europe 2014-2019 ($ billions)
Exhibit 24: Luxury furniture market in North America 2014-2019 ($ billions)
Exhibit 25: Luxury furniture market in APAC 2014-2019 ($ billions)
Exhibit 26: Luxury furniture market in ROW 2014-2019 ($ billions)
Exhibit 27: Key leading countries
Exhibit 28: Impact of driver
Exhibit 29: Impact of drivers and challenges
Exhibit 30: Duresta Upholstery: Product segmentation
Exhibit 31: Giovanni Visentin: Product categories
Exhibit 32: Laura Ashley: Business segmentation by revenue 2015
Exhibit 33: Laura Ashley: Business segmentation by revenue 2014 and 2015 ($ millions)
Exhibit 34: Laura Ashley: Geographical segmentation by revenue 2015
Exhibit 35: Muebles Pico: Product categories
Exhibit 36: Scavolini: Product categories

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