Global Luxury Furniture Market (Material, End-Use and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2014 - 2020

  • ID: 3274871
  • Report
  • Region: Global
  • 101 pages
  • Allied Analytics LLP
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Luxury Furniture Market is Expected to Reach $27.01 Billion, Globally, by 2020

FEATURED COMPANIES

  • Duresta Upholstery Ltd.
  • Giovanni Visentin
  • Iola Furniture Ltd.
  • Laura Ashley
  • Muebles Pico
  • Nella Vetrina
  • MORE
Luxury furniture enhances the work & living environment and improves the aesthetic value of homes, hotels and offices along with indoor and outdoor spaces. The growth and developments in the real estate industry largely drive the global luxury furniture market. A rise in disposable incomes, globalization and an increase in the population living in urban regions across developing countries, majorly boosts the market growth. It is anticipated that the eco-friendly luxury furniture segment would witness higher growth during the forecast period, owing to the growing environmental consciousness among consumers. In addition, it is expected that high growth in online retailing, would also have a positive impact on the market. Lack of skilled labor and the increasing cost of raw materials are the major challenges of the market. Improving life styles and an increase in disposable incomes would provide significant opportunities in the market.

Wood furniture has generated highest revenue in 2014 followed by metal furniture. The glass furniture segment would grow with highest rate among the key materials used for furniture manufacturing during the forecast period. Out of the total market revenue, domestic furniture segment and commercial sector accounted for nearly 70% and 30% respectively. In the current scenario, living and bedroom segment has generated largest revenue in the domestic market, followed by kitchen. It is expected that lighting segment would at the fastest rate during the forecast period. Luxury furniture for hospitality sector has generated largest revenue in the commercial sector and would grow at the fastest rate during the forecast period. On the basis of geography, Europe has generated highest revenue in 2014. Asia Pacific region would grow with significant rate followed by LAMEA region, during the forecast period.

The market is segmented on the basis of material, end-users and geography. On the basis of materials, the market is segmented into metal, plastic, wood, glass, leather and others. The end-user segment comprises of domestic and commercial use. The domestic segment is further sub segmented into kitchens, living & bedrooms, bathrooms, outdoors and lighting. The commercial segment is further classified into office, hospitality and others. Geographically, the market is segmented across North America, Europe, Asia-Pacific and LAMEA.

The key players in the market include Duresta Upholstery Ltd., Muebles Pico, Valderamobili, Giovanni Visentin, Scavolini, Laura Ashley, Iola Furniture Ltd., Nella Vetrina, Henredon Furniture Industries Inc. and Turri S.r.l. The market players are actively in the process of developing multifunctional furniture due to its rising demand among consumers.

POTENTIAL BENEFITS FOR THE STAKEHOLDERS

- The study provides an in-depth analysis of the global luxury furniture market with current and future trends to elucidate the imminent investment pockets in the market
- Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends, in order to gain a stronger foothold in the market
- The report provides information regarding key drivers, restraints and opportunities with impact analysis for the forecast period
- Quantitative analysis of the current market and forecast through 2015 - 2020 are provided to indicate the financial appetency of the market
- Porter’s Five Forces model illustrates the potency of the buyers & suppliers in the market
- Value chain analysis provides a clear understanding on the roles of stakeholders involved in the value chain.

KEY MARKET SEGMENTS

The global luxury furniture market segmentation is illustrated below:

Market by Material

- Metal
- Plastic
- Wood
- Glass
- Leather
- Others

Market by End Use

- Domestic Use
Kitchen
Living and bedroom
Bathroom
Outdoor
Lighting
- Commercial Use
Office
Hospitality
Others

Market by Geography

- North America
- Europe
- APAC
- LAMEA

Key Players

- Duresta Upholstery Ltd.
- Muebles Pico
- Valderamobili
- Giovanni Visentin
- Scavolini
- Laura Ashley
- Iola Furniture Ltd.
- Nella Vetrina
- Henredon Furniture Industries Inc.
- Turri S.r.l.

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FEATURED COMPANIES

  • Duresta Upholstery Ltd.
  • Giovanni Visentin
  • Iola Furniture Ltd.
  • Laura Ashley
  • Muebles Pico
  • Nella Vetrina
  • MORE
CHAPTER 1 INTRODUCTION

1.1 Research 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 factors impacting the luxury furniture market
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 threat of new entrants
3.3.3 Low feasibility of alternatives leads to low threat of substitute
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 buyer

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 Changing life style and behavior of consumer

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 GLOBAL 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 GLOBAL 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

5.2.4.1 Kitchen

5.2.4.1.1 KEY MARKET TRENDS
5.2.4.1.2 COMPETITIVE SCENARIO
5.2.4.1.3 KEY GROWTH FACTORS AND OPPORTUNITIES
5.2.4.1.4 MARKET SIZE AND FORECAST

5.2.4.2 Living and Bedroom

5.2.4.2.1 KEY MARKET TRENDS
5.2.4.2.2 COMPETITIVE SCENARIO
5.2.4.2.3 KEY GROWTH FACTORS AND OPPORTUNITIES
5.2.4.2.4 MARKET SIZE AND FORECAST

5.2.4.3 Bathroom

5.2.4.3.1 KEY MARKET TRENDS
5.2.4.3.2 COMPETITIVE SCENARIO
5.2.4.3.3 KEY GROWTH FACTORS AND OPPORTUNITIES
5.2.4.3.4 MARKET SIZE AND FORECAST

5.2.4.4 Outdoor

5.2.4.4.1 KEY MARKET TRENDS
5.2.4.4.2 COMPETITIVE SCENARIO
5.2.4.4.3 KEY GROWTH FACTORS AND OPPORTUNITIES
5.2.4.4.4 MARKET SIZE AND FORECAST

5.2.4.5 Lighting

5.2.4.5.1 KEY MARKET TRENDS
5.2.4.5.2 COMPETITIVE SCENARIO
5.2.4.5.3 KEY GROWTH FACTORS AND OPPORTUNITIES
5.2.4.5.4 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

5.3.3.1 Office

5.3.3.1.1 KEY MARKET TRENDS
5.3.3.1.2 KEY GROWTH FACTORS AND OPPORTUNITIES
5.3.3.1.3 MARKET SIZE AND FORECAST

5.3.3.2 Hospitality

5.3.3.2.1 KEY MARKET TRENDS
5.3.3.2.2 KEY GROWTH FACTORS AND OPPORTUNITIES
5.3.3.2.3 MARKET SIZE AND FORECAST

5.3.3.3 Others

5.3.3.3.1 KEY MARKET TRENDS
5.3.3.3.2 KEY GROWTH FACTORS AND OPPORTUNITIES
5.3.3.3.3 MARKET SIZE AND FORECAST

CHAPTER 6 GLOBAL LUXURY FURNITURE MARKET BY GEOGRAPHY

6.1 North America

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 Europe

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 Asia-Pacific

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 LAMEA

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

CHAPTER 7 COMPANY PROFILE

7.1 Duresta Upholstery Ltd.

7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 SWOT analysis of Duresta Upholstery Ltd.

7.2 Muebles Pico

7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 SWOT analysis of Muebles Pico

7.3 Valderamobili

7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 SWOT analysis of Valderamobili

7.4 Giovanni Visentin

7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 SWOT analysis of Giovanni Visentin

7.5 Scavolini

7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 SWOT analysis of Scavolini

7.6 Laura Ashley Holding Plc

7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 SWOT analysis of Laura Ashley Holding Plc

7.7 Iola Furniture Ltd.

7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 SWOT analysis of Iola Furniture Ltd.

7.8 Nella Vetrina

7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 SWOT analysis of Nella Vetrina

7.9 Henredon Furniture Industries Inc.

7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 SWOT analysis of Henredon Furniture Industries Inc.

7.10 Turri S.r.l.

7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 SWOT analysis of Turri S.r.l.

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 Increasing Per Capita Disposable Income In Eastern Europe, Latin America And Asia-Pacific (2007 - 2012)
Fig. 9 Swot Analysis Of Duresta Upholstery Ltd.
Fig. 10 Swot Analysis Of Muebles Pico
Fig. 11 Swot Analysis Of Valderamobili
Fig. 12 Swot Analysis Of Giovanni Visentin
Fig. 13 Swot Analysis Of Scavolini
Fig. 14 Swot Analysis Of Laura Ashley Holding Plc
Fig. 15 Swot Analysis Of Iola Furniture Ltd.
Fig. 16 Swot Analysis Of Nella Vetrina
Fig. 17 Swot Analysis Of Henredon Furniture Industries Inc.
Fig. 18 Swot Analysis Of Turri S.R.L.

List Of Tables
Table 1 Global Luxury Furniture Market Revenue By Geography, 2014-2020 ($ Million)
Table 2 Global Luxury Furniture Base Case Scenario Market Revenue By Geography, 2020-2025 ($ Million)
Table 3 Global Luxury Furniture Optimistic Case Scenario Market Revenue By Geography, 2020-2025 ($ Million)
Table 4 Global Luxury Furniture Critical Case Scenario Market Revenue By Geography, 2020-2025 ($ Million)
Table 5 Global Luxury Furniture Market By Material, $ Million (2014-2020)
Table 6 Global Luxury Furniture Metal Material Market By Geography, $ Million (2014-2020)
Table 7 Global Luxury Furniture Wood Material Market By Geography, $ Million (2014-2020)
Table 8 Global Luxury Furniture Plastic Material Market By Geography, $ Million (2014-2020)
Table 9 Global Luxury Furniture Glass Material Market By Geography, $ Million (2014-2020)
Table 10 Global Luxury Furniture Leather Material Market By Geography, $ Million (2014-2020)
Table 11 Global Luxury Furniture Other Material Market By Geography, $ Million (2014-2020)
Table 12 Global Luxury Furniture Market By End Use, $ Million (2014-2020)
Table 13 Global Luxury Furniture Domestic-Use Market, $ Million (2014-2020)
Table 14 Global Luxury Furniture Domestic-Use Market By Geography, $ Million (2014-2020)
Table 15 Global Luxury Furniture Kitchen-Use Market By Geography, $ Million (2014-2020)
Table 16 Global Luxury Furniture Living And Bedroom-Use Market By Geography, $ Million (2014-2020)
Table 17 Global Luxury Furniture Bathroom-Use Market By Geography, $ Million (2014-2020)
Table 18 Global Luxury Furniture Outdoor-Use Market By Geography, $ Million (2014-2020)
Table 19 Global Luxury Furniture Lighting-Use Market By Geography, $ Million (2014-2020)
Table 20 Global Luxury Furniture Commercial-Use Market, $ Million (2014-2020)
Table 21 Global Luxury Furniture Commercial-Use Market By Geography, $ Million (2014-2020)
Table 22 Global Luxury Furniture Office-Use Market By Geography, $ Million (2014-2020)
Table 23 Global Luxury Furniture Hospitality-Use Market By Geography, $ Million (2014-2020)
Table 24 Global Luxury Furniture Others-Use Market By Geography, $ Million (2014-2020)
Table 25 North America Luxury Furniture Market By Material, $ Million (2014-2020)
Table 26 Europe Luxury Furniture Market By Material, $ Million (2014-2020)
Table 27 Asia Pacific Luxury Furniture Market By Material, $ Million (2014-2020)
Table 28 Lamea Luxury Furniture Market By Material, $ Million (2014-2020)
Table 29 Snapshot Of Duresta Upholstery Ltd.
Table 30 Snapshot Of Muebles Pico
Table 31 Snapshot Of Valderamobili
Table 32 Snapshot Of Giovanni Visentin
Table 33 Snapshot Of Scavolini
Table 34 Snapshot Of Laura Ashley Holding Plc
Table 35 Snapshot Of Iola Furniture Ltd.
Table 36 Snapshot Of Nella Vetrina
Table 37 Snapshot Of Henredon Furniture Industries Inc.
Table 38 Snapshot Of Turri S.R.L.

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FEATURED COMPANIES

  • Duresta Upholstery Ltd.
  • Giovanni Visentin
  • Iola Furniture Ltd.
  • Laura Ashley
  • Muebles Pico
  • Nella Vetrina
  • MORE
According to a new report by Allied Market Research, titled, "Global Luxury Furniture Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2014 - 2020", the global luxury furniture market is expected to reach $27.01 billion by 2020, registering a CAGR of 4.1% during 2015 - 2020. Asia Pacific would witness the fastest growth, owing to the rise in disposable incomes. Wooden luxury furniture has gained substantial demand worldwide, followed by metal. The high acceptance of wooden furniture is primarily due to durability and the modern yet antique look, which makes it a good fit for both household as well as the commercial usage.

The luxury furniture market is highly fragmented with a large presence of family run domestic companies. However, this does not limit the market reach of the companies as online portals are extensively used as a platform for sales. The strategic tie ups between the market participants and the interior designers have broaden the scope of this market and help in creating product awareness among the end users. Luxury furniture also reflects the social status of individuals; a trend that also boosts the growth of the luxury furniture market.

The demand for wood furniture is highest in the global market due to high aesthetics value associated with it. The glass furniture segment is expected to witness the fastest growth through 2020, catalyzed by its growing demand in the corporate and hospitality sector. The plastic furniture segment would grow at the slowest pace during the forecast period due to the environmental concerns associated with plastic degradation and its lack of aesthetic value, as compared to other materials. The leather furniture segment would grow at a considerable pace; however, the growth of this segment would be restricted due to its limited use in sofas and ottomans. Additionally, stringent government regulations on the import of leather largely restrain the market growth of this segment. Eco-friendly furniture and multifunctional furniture have gradually gained popularity. Growing environmental awareness and space constraints in urban regions, are key factors that drive the adoption of this furniture in the global market.

The domestic sector contributed nearly two-third of the global luxury furniture market revenue in 2014. The furniture used in living rooms and bedrooms, hold the highest demand in the domestic sector. The commercial sector is a comparatively smaller market, which is primarily governed by the hospitality sector. A large presence of upscale hotels, commercial infrastructures and a booming hospitality industry, arising from an increasing pace of foreign investments in the Middle East, account for the dynamic growth of the luxury furniture market in the commercial sector. Additionally, growth in the hospitality and tourism sector, especially, in cities such as Abu Dhabi, Doha, Dubai, Jeddah, Muscat and Riyadh, exhibits a dynamic market for the commercial luxury furniture.

Presently, Europe is the largest market for luxury furniture followed by North America. The market in the Asia Pacific holds a great potential with lucrative prospects in the domestic market. A rise in disposable incomes, in the recent years, majorly contributes to the growth of the APAC market. The LAMEA region would also follow suit owing to the high demand for luxury furniture in its hospitality sector.

Key findings of the study:

- The wood luxury furniture segment leads the market with about 24% market share in 2014 and is estimated to dominate the market throughout the forecast period. However, the metal luxury furniture segment would witness a comparatively higher growth rate
- The domestic end user segment would continue to dominate the global market over the forecast period
- The market for luxury furniture in the lighting segment would grow at a CAGR of 8.3% during 2015 - 2020
- The hospitality sector within the commercial user segment would exhibit a steady demand for luxury furniture, registering a CAGR of 3.4% during 2015 - 2020

Domestic manufacturers in the luxury furniture market such as Laura Ashley, Scavolini, Giovanni Visentin and Muebles Pico largely focus on manufacturing stylish luxury furniture products with high quality raw materials. Thus, the companies in the luxury furniture market largely compete on the aspect of aesthetic value. New product launch complimented with innovative design is the key strategy adopted by companies. In addition, the prospects in e-commerce platforms would also help the market players in expanding their geographic presence, which, in turn, would boost the overall market growth.

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- Duresta Upholstery Ltd.
- Giovanni Visentin
- Henredon Furniture Industries Inc.
- Iola Furniture Ltd.
- Laura Ashley
- Muebles Pico
- Nella Vetrina
- Scavolini
- Turri S.r.l.
- Valderamobili

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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