The size of luxury furniture market was registered at USD 21.08 billion in the year 2020 and is anticipated to cross USD 28.41 billion by 2027. Between the period 2021-2027, the market is expected to register a CAGR of 4.5%.

The luxury furniture market is anticipated to amass sizable gains by 2027, delivering a steady CAGR through the analysis period. Market growth would primarily be driven by the rising levels of disposable income in emerging economies, which has improved the standard of living of consumers. This has subsequently caused consumer spending on luxury furniture to surge, boosting product demand in developed markets.

Get sample copy of this research report @   https://www.decresearch.com/request-sample/detail/5034

Additionally, benefits of these products like exceptional durability, ecological compatibility, high resistance to mechanical damage, increased comfort, and enhanced aesthetic appeal, among others, are expected to fuel luxury furniture market share in the coming years.

Additionally, surging demand for durable, innovative, and high-quality designs and posh furniture tailored for compact living spaces will facilitate regional market growth. Infrastructure growth in the region is also expected to propel the construction of commercial and residential buildings, which will drive luxury furniture market adoption in the future.

luxury furniture market from tables is expected to garner sizable revenue of over USD 4 billion by 2027. The demand for luxury tables has proliferated because of surging investments towards the hospitality sector. As global economies come out of their COVID-19 lockdowns, the hospitality industry is expected to witness stratospheric growth and contribute significantly to the segmental growth through the analysis period.

In terms of distribution channel, the online channel will grow at a notable CAGR of more than 5.5% over the forecast timeframe. Increasing presence of high-end furniture makers across numerous e-commerce platforms and newly-launched AR apps to promote the furniture products section will further drive segmental growth.

E-commerce has taken the spotlight due to consumers’ inability to visit physical stores due to the COVID-19 pandemic. As a result, manufacturers have been focusing their efforts on providing seamless online retail experiences. Technological adoption in the luxury furniture market has been propelled by pandemic-induced restrictions. Integration of innovative technologies like augmented reality (AR) has helped companies deliver engaging shopping experiences to consumers, allowing them to shop from the safety of their homes.

The North America luxury furniture market is projected to witness significant growth, rising at a steady CAGR of 4.4% through 2021 and 2027. This growth of the regional market would primarily be driven by escalating consumer investments towards construction.

Key players in the luxury furniture market include IKEA Group, Bentley Home, Knoll, Inc., Kohler, Haworth Inc., Boca do Lobo, MARIONI, Brabbu, Inc., Furniture Concepts, HNI Corporation, Herman Miller, and Godrej & Boyce Manufacturing Co., Ltd.

Get This Report Customized To Your Requirements@ https://www.decresearch.com/roc/5034

Some Point from Table of Contents:

Data Tables

TABLE 1.    Global luxury furniture market estimates and forecast, 2017 - 2027, (Thousand Tons) (USD Billion)

TABLE 2.    Global luxury furniture industry volume estimates and forecast by type, 2017 - 2027 (Thousand Tons)

TABLE 3.    Global luxury furniture industry revenue estimates and forecast by type, 2017 - 2027 (USD Billion)

TABLE 4.    Global luxury furniture industry volume estimates and forecast by distribution channel, 2017 - 2027 (Thousand Tons)

TABLE 5.    Global luxury furniture market revenue estimates and forecast by type, 2017 - 2027 (USD Billion)

TABLE 6.    Global luxury furniture industry volume estimates and forecast by region, 2017 - 2027 (Thousand Tons)

TABLE 7.    Global luxury furniture industry revenue estimates and forecast by region, 2017 - 2027 (USD Billion)

TABLE 8.    Vendor matrix

TABLE 9.    Industry best practices & key buying criteria

TABLE 10.    Industry impact forces

TABLE 11.    HS codes and description

TABLE 12.    Company performance analysis

TABLE 13.    Top ten players overview

TABLE 14.    Strategy dashboard

Browse complete Table of Contents (ToC) of this research report @

https://www.decresearch.com/toc/detail/luxury-furniture-market