Furniture forms a major facet of interiors in homes, hotels and offices. Key factors that differentiate a luxury furniture from non-luxury furniture are the quality of material used, aesthetic value, comparative price, and sophistication in design. Gradual improvement in economic conditions of various countries in the APAC region has led to increased disposable income of the consumers. Additionally, real-estate industry is also witnessing a substantial growth in this region. These factors coupled with urbanization and improving lifestyles of individuals, are accelerating the growth of the luxury furniture market in the Asia Pacific region. However, increasing cost of raw materials such as wood and leather, may restrain the market growth. Online retailing and the increasing demand of multifunctional furniture presents significant opportunities for the APAC luxury furniture market.
Based on material used for manufacturing of luxury furniture, the market has been segmented into metal, wood, plastic, glass and leather. The segment of wood furniture in the luxury furniture market, would remain the highest over the forecast period, as the wooden furniture is the most popular choice due its aesthetic appeal. Glass material segment would grow at the fastest rate during the forecast period, owing to its increasing adoption in the modern furniture designs. Based on end use, the market has been primarily categorized into domestic and commercial sector. Domestic end use market is further sub-segmented into kitchen, living & bedroom, bathroom, outdoors and lighting. Similarly, the commercial segment has been further categorized into office, hospitality and other commercial sectors. The domestic segment accounted for a larger market size as compared to the commercial segment, due to the extensive use of luxury furniture in homes. Living and bedroom segments accounted for approximately half of the market share in the domestic sector and is expected to be the biggest segment throughout the analysis period. In commercial segment, the hospitality sector has contributed for largest market share and would grow at a rapid pace over the forecast period. China would emerge as one of the most lucrative markets, in terms of growth, followed by India.
The market is segmented based on material, end-use and countries. On the basis of materials, the market is segmented into metal, plastic, wood, glass, leather and others. The end-use segment comprises of domestic and commercial sectors. The domestic sector is further sub segmented into kitchen, living & bedroom, bathroom, outdoor and lighting. The commercial segment is further classified into office, hospitality and others. The APAC luxury furniture market is segmented across as China, India, Singapore, Malaysia, Japan and rest of Asia Pacific.
The key players in the market include JL&C Furniture Co. Ltd., PT. Wirasindo Santakarya, McMichael furniture, Kovacs Design furniture, De Bruin-Judge Furniture Ltd., De Bruin-Judge Furniture Ltd., Dynamic Furniture Industries (M) Sdn Bhd, Far fast furniture, Falcon Incorporation PTE Ltd., Shanghai Casagi Furniture Ltd. and Wegmans Furniture Industries Sdn Bhd.
Key Benefits
Key Market Segments
Asia-Pacific Luxury Furniture Market by Material
Asia-Pacific Luxury Furniture Market by End Use
Asia-Pacific Luxury Furniture Market by Country
Key Players
CHAPTER 1 INTRODUCTION
1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology
1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools and Models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO Perspective
2.2 Executive Summary
2.3 Market Beyond: What to Expect by 2025
2.3.1 Base Case Scenario
2.3.2 Optimistic Scenario
2.3.3 Critical Scenario
CHAPTER 3 MARKET OVERVIEW
3.1 Market Definition and Scope
3.2 Key Findings
3.2.1 Top Impacting Factors
3.2.2 Top Investment Pockets
3.2.3 Top Winning Strategies
3.3 Porter’s Five Forces Analysis
3.3.1 Equal Size of Competitors Leads to High Rivalry
3.3.2 Low Brand Loyalty Creates High Threats of New Entrants
3.3.3 Low Feasibility Of Alternatives Leads to Low Threats of Substitutes
3.3.4 Low Product Differentiation Lowers the Bargaining Power of Suppliers
3.3.5 Presence of large Number of Competitors Leads to High Bargaining Power of Buyers
3.4 Value Chain Analysis
3.5 Market Dynamics
3.5.1 Drivers
3.5.1.1 Increasing Disposable Income
3.5.1.2 Rapid Urbanization
3.5.1.3 Growth in Real Estate Industry
3.5.1.4 Improving Life Style of Individuals
3.5.2 Restraints
3.5.2.1 Lack of Skilled Workforce
3.5.2.2 Increasing Cost of Raw Materials
3.5.3 Opportunity
3.5.3.1 Increasing Online Retailing
3.5.3.2 Development of Multifunctional Furniture
CHAPTER 4 ASIA PACIFIC LUXURY FURNITURE MARKET BY MATERIAL
4.1 Introduction
4.1.1 Market Size and Forecast
4.2 Metal
4.2.1 Key Market Trends
4.2.2 Competitive Scenario
4.2.3 Key Growth Factors and Opportunities
4.2.4 Market Size and Forecast
4.3 Wood
4.3.1 Key Market Trends
4.3.2 Competitive Scenario
4.3.3 Key Growth Factors and Opportunities
4.3.4 Market Size and Forecast
4.4 Plastic
4.4.1 Key Market Trends
4.4.2 Competitive Scenario
4.4.3 Key Growth Factors and Opportunities
4.4.4 Market Size and Forecast
4.5 Glass
4.5.1 Key Market Trends
4.5.2 Competitive Scenario
4.5.3 Key Growth Factors and Opportunities
4.5.4 Market Size and Forecast
4.6 Leather
4.6.1 Key Market Trends
4.6.2 Competitive Scenario
4.6.3 Key Growth Factors and Opportunities
4.6.4 Market Size and Forecast
4.7 Others
4.7.1 Key Market Trends
4.7.2 Competitive Scenario
4.7.3 Key Growth Factors and Opportunities
4.7.4 Market Size and Forecast
CHAPTER 5 ASIA PACIFIC LUXURY FURNITURE MARKET BY END USE
5.1 Introduction
5.1.1 Market Size and Forecast
5.2 Domestic Use
5.2.1 Key Market Trends
5.2.2 Competitive Scenario
5.2.3 Key Growth Factors and Opportunities
5.2.4 Market Size and Forecast
5.2.5 Kitchen
5.2.5.1 Key Market Trends
5.2.5.2 Competitive Scenario
5.2.5.3 Key Growth Factors and Opportunities
5.2.5.4 Market Size and Forecast
5.2.6 Living and Bedroom
5.2.6.1 Key Market Trends
5.2.6.2 Competitive Scenario
5.2.6.3 Key Growth Factors and Opportunities
5.2.6.4 Market Size and Forecast
5.2.7 Bathroom
5.2.7.1 Key Market Trends
5.2.7.2 Competitive Scenario
5.2.7.3 Key Growth Factors and Opportunities
5.2.7.4 Market Size and Forecast
5.2.8 Outdoor
5.2.8.1 Key Market Trends
5.2.8.2 Competitive Scenario
5.2.8.3 Key Growth Factors and Opportunities
5.2.8.4 Market Size and Forecast
5.2.9 Lighting
5.2.9.1 Key Market Trends
5.2.9.2 Competitive Scenario
5.2.9.3 Key Growth Factors and Opportunities
5.2.9.4 Market Size and Forecast
5.3 Commercial Use
5.3.1 Key Market Trends
5.3.2 Key Growth Factors and Opportunities
5.3.3 Market Size and Forecast
5.3.4 Office
5.3.4.1 Key Market Trends
5.3.4.2 Key Growth Factors and Opportunities
5.3.4.3 Market Size and Forecast
5.3.5 Hospitality
5.3.5.1 Key Market Trends
5.3.5.2 Key Growth Factors and Opportunities
5.3.5.3 Market Size and Forecast
5.3.6 Others
5.3.6.1 Key Market Trends
5.3.6.2 Key Growth Factors and Opportunities
5.3.6.3 Market Size and Forecast
CHAPTER 6 ASIA PACIFIC LUXURY FURNITURE MARKEY BY COUNTRY
6.1 China
6.1.1 Key Market Trends
6.1.2 Competitive Scenario
6.1.3 Key Growth Factors and Opportunities
6.1.4 Market Size and Forecast
6.2 India
6.2.1 Key Market Trends
6.2.2 Competitive Scenario
6.2.3 Key Growth Factors and Opportunities
6.2.4 Market Size and Forecast
6.3 Singapore
6.3.1 Key Market Trends
6.3.2 Competitive Scenario
6.3.3 Key Growth Factors and Opportunities
6.3.4 Market Size and Forecast
6.4 Malaysia
6.4.1 Key Market Trends
6.4.2 Competitive Scenario
6.4.3 Key Growth Factors and Opportunities
6.4.4 Market Size and Forecast
6.5 Japan
6.5.1 Key Market Trends
6.5.2 Competitive Scenario
6.5.3 Key Growth Factors and Opportunities
6.5.4 Market Size and Forecast
6.6 Rest of Asia-Pacific
6.6.1 Key Market Trends
6.6.2 Competitive Scenario
6.6.3 Key Growth Factors and Opportunities
6.6.4 Market Size and Forecast
CHAPTER 7 COMPANY PROFILE
7.1 Shanghai JL&C Furniture Co., Ltd.
7.1.1 Company Overview
7.1.2 Company Snapshot
7.1.3 SWOT Analysis of Shanghai JL&C Furniture Co. Ltd.
7.2 PT. Wirasindo Santakarya
7.2.1 Company Overview
7.2.2 Company Snapshot
7.2.3 SWOT Analysis of PT. Wirasindo Santakarya
7.3 McMichael Furniture
7.3.1 Company Overview
7.3.2 Company Snapshot
7.3.3 SWOT Analysis of McMichael furniture
7.4 Kovacs Design Furniture
7.4.1 Company Overview
7.4.2 Company Snapshot
7.4.3 SWOT Analysis of Kovacs Design Furniture
7.5 De Bruin-Judge Furniture Ltd. (DBJ)
7.5.1 Company Overview
7.5.2 Company Snapshot
7.5.3 SWOT Analysis of De Bruin-Judge Furniture Ltd.
7.6 Dynamic Furniture Industries (M) Sdn Bhd
7.6.1 Company Overview
7.6.2 Company Snapshot
7.6.3 SWOT Analysis of Dynamic Furniture Industries (M) Sdn Bhd
7.7 Far East Furniture
7.7.1 Company Overview
7.7.2 Company Snapshot
7.7.3 SWOT Analysis of Far Fast furniture
7.8 Falcon Incorporation PTE Ltd.
7.8.1 Company Overview
7.8.2 Company Snapshot
7.8.3 SWOT Analysis of Falcon Incorporation PTE Ltd.
7.9 Shanghai Casagi Furniture Ltd.
7.9.1 Company Overview
7.9.2 Company Snapshot
7.9.3 SWOT Analysis of Shanghai Casagi Furniture Ltd.
7.10 Wegmans Furniture Industries Sdn Bhd.
7.10.1 Company Overview
7.10.2 Company Snapshot
7.10.3 SWOT Analysis of Wegmans Furniture Industries Sdn Bhd.
LIST OF TABLES
TABLE 1 APAC LUXURY FURNITURE MARKET REVENUE BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 2 APAC LUXURY FURNITURE BASE CASE SCENARIO MARKET REVENUE BY COUNTRY, 2020-2025 ($MILLION)
TABLE 3 APAC LUXURY FURNITURE OPTIMISTIC CASE SCENARIO MARKET REVENUE BY COUNTRY, 2020-2025 ($MILLION)
TABLE 4 APAC LUXURY FURNITURE CRITICAL CASE SCENARIO MARKET REVENUE BY GEOGRAPHY, 2020-2025 ($MILLION)
TABLE 5 APAC LUXURY FURNITURE MARKET BY MATERIAL, 2014-2020 ($MILLION)
TABLE 6 APAC LUXURY FURNITURE METAL MATERIAL MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 7 APAC LUXURY FURNITURE WOOD MATERIAL MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 8 APAC LUXURY FURNITURE PLASTIC MATERIAL MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 9 APAC LUXURY FURNITURE GLASS MATERIAL MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 10 APAC LUXURY FURNITURE LEATHER MATERIAL MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 11 APAC LUXURY FURNITURE OTHERS MATERIAL MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 12 APAC LUXURY FURNITURE MARKET BY END USE, 2014-2020 ($MILLION)
TABLE 13 APAC LUXURY FURNITURE DOMESTIC-USE MARKET BY TYPE, 2014-2020 ($MILLION)
TABLE 14 APAC LUXURY FURNITURE DOMESTIC-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 15 APAC LUXURY FURNITURE KITCHEN-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 16 APAC LUXURY FURNITURE LIVING AND BEDROOM-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 17 APAC LUXURY FURNITURE BATHROOM-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 18 APAC LUXURY FURNITURE OUTDOOR-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 19 APAC LUXURY FURNITURE LIGHTING-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 20 APAC LUXURY FURNITURE COMMERCIAL-USE MARKET BY TYPE, 2014-2020 ($MILLION)
TABLE 21 APAC LUXURY FURNITURE COMMERCIAL-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 22 APAC LUXURY FURNITURE OFFICE-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 23 APAC LUXURY FURNITURE HOSPITALITY-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 24 APAC LUXURY FURNITURE OTHERS-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 25 LUXURY FURNITURE MARKET IN CHINA BY MATERIAL, 2014-2020 ($MILLION)
TABLE 26 LUXURY FURNITURE MARKET IN INDIA BY MATERIAL, 2014-2020 ($MILLION)
TABLE 27 LUXURY FURNITURE MARKET IN SINGAPORE BY MATERIAL, 2014-2020 ($MILLION)
TABLE 28 LUXURY FURNITURE MARKET IN MALAYSIA BY MATERIAL, 2014-2020 ($MILLION)
TABLE 29 LUXURY FURNITURE MARKET IN JAPAN BY MATERIAL, 2014-2020 ($MILLION)
TABLE 30 LUXURY FURNITURE MARKET IN REST OF ASIA PACIFIC BY MATERIAL, 2014-2020 ($MILLION)
TABLE 31 SNAPSHOT OF JL&C FURNITURE CO. LTD.
TABLE 32 SNAPSHOT OF PT. WIRASINDO SANTAKARYA
TABLE 33 SNAPSHOT OF MCMICHAEL FURNITURE
TABLE 34 SNAPSHOT OF KOVACS DESIGN FURNITURE
TABLE 35 SNAPSHOT OF DE BRUIN-JUDGE FURNITURE LTD.
TABLE 36 SNAPSHOT OF DE BRUIN-JUDGE FURNITURE LTD.
TABLE 37 SNAPSHOT OF FAR FAST FURNITURE
TABLE 38 SNAPSHOT OF FAR FAST FURNITURE
TABLE 39 SNAPSHOT OF SHANGHAI CASAGI FURNITURE LTD.
TABLE 40 SNAPSHOT OF WEGMANS FURNITURE INDUSTRIES SDN
LIST OF FIGURES
FIG. 1 TOP IMPACTING FACTORS, BASE CASE (2020-2025)
FIG. 2 TOP IMPACTING FACTORS, OPTIMISTIC CASE (2020-2025)
FIG. 3 TOP IMPACTING FACTORS, CRITICAL CASE (2020-2025)
FIG. 4 TOP IMPACTING FACTORS
FIG. 5 TOP INVESTMENT POCKETS OF LUXURY FURNITURE MARKET
FIG. 6 PORTER’S FIVE FORCES MODEL
FIG. 7 VALUE CHAIN ANALYSIS
FIG. 8 PER CAPITA DISPOSABLE INCOME AND CONSUMPTION EXPENDITURE OF URBAN HOUSEHOLDS IN SHANGHAI
FIG. 9 POPULATION DENSITY GRAPH FOR MALAYSIA, THAILAND, JAPAN AND SINGAPORE IN 2011
FIG. 10 SWOT ANALYSIS OF JL&C FURNITURE CO. LTD.
FIG. 11 SWOT ANALYSIS OF PT. WIRASINDO SANTAKARYA
FIG. 12 SWOT ANALYSIS OF MCMICHAEL FURNITURE
FIG. 13 SWOT ANALYSIS OF KOVACS DESIGN FURNITURE
FIG. 14 SWOT ANALYSIS OF DE BRUIN-JUDGE FURNITURE LTD.
FIG. 15 SWOT ANALYSIS OF DYNAMIC FURNITURE INDUSTRIES (M) SDN BHD
FIG. 16 SWOT ANALYSIS OF FAR FAST FURNITURE
FIG. 17 SWOT ANALYSIS OF FALCON INCORPORATION PTE LTD.
FIG. 18 SWOT ANALYSIS OF SHANGHAI CASAGI FURNITURE LTD.
FIG. 19 SWOT ANALYSIS OF WEGMANS FURNITURE INDUSTRIES SDN BHD.
Contact us at the Consulting WP office nearest to you or submit a business inquiry online.
Subscribe to Our Newsletter
Published On : December 2019
$ 3600
Published On : December 2019
$ 3600
Published On : December 2019
$ 3600
Published On : December 2019
$ 3600
Published On : December 2019
$ 3600
Published On : December 2019
$ 3600
