Global Luxury Furniture Market 2017-2021

  • ID: 4307443
  • Report
  • Region: Global
  • 123 pages
  • TechNavio
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FEATURED COMPANIES

  • Heritage Home Group
  • Herman Miller
  • HNI
  • Inter IKEA Systems
  • MUEBLES PICO
  • Steinhoff International
  • MORE
About Luxury Furniture

Luxury furniture is differentiated from regular furniture on the basis of price range of different categories covered in the report. The price ranges are provided further in the report for different categories. Luxury furniture includes chairs, tables, desks, beds, storage, and many other products used for residential and commercial applications. The furniture is made up of raw materials such as wood, plastic, metal, and wicker.

The analysts forecast the global luxury furniture market to grow at a CAGR of 4.92% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global luxury furniture market for 2017-2021. To calculate the market size, the report considers value sales of luxury furniture through distribution channels studied.

The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW

The report, Global Luxury Furniture Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
- Inter IKEA Systems
- Heritage Home Group
- Herman Miller
- HNI
- MUEBLES PICO
- Steinhoff International
- Williams-Sonoma

Other prominent vendors
- Ashley HomeStores
- Berkshire Hathaway
- Duresta
- Giovanni Visentin
- Kimball International
- Knoll
- LAURA ASHLEY
- La-Z-Boy
- Nella Vetrina
- Rooms To Go.com
- Scavolini
- Steelcase
- Turri

Market drivers
- Branding and positioning
- For a full, detailed list, view the full report

Market challenges
- Cost challenge faced by manufacturers and retailers
- For a full, detailed list, view the full report

Market trends
- Increase in demand for eco-friendly and green furnishings
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key Market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are theKey vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Heritage Home Group
  • Herman Miller
  • HNI
  • Inter IKEA Systems
  • MUEBLES PICO
  • Steinhoff International
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Key market insights
  • Market size and forecast
  • Luxury furniture price range
  • Five forces analysis
PART 06: Market segmentation by application
  • Global luxury furniture market by application
  • Global luxury residential furniture market
  • Global luxury commercial furniture market
PART 07: Market segmentation by distribution channel
  • Global luxury furniture market by distribution channel
  • Global luxury furniture market through offline distribution channel
  • Global luxury furniture market through online distribution channel
  • Global luxury residential furniture market by distribution channel
  • Global luxury commercial furniture market by distribution channel
PART 08: Market segmentation by raw material
  • Global luxury furniture market by raw material
PART 09: Geographical segmentation
  • Global luxury market by geography
  • Luxury furniture market in Europe
  • Luxury furniture market in North America
  • Global luxury furniture market in APAC
  • Global luxury furniture market in ROW
PART 10: Key leading countries
  • Global luxury furniture market
  • US
  • Germany
  • UK
  • China
PART 11: Decision framework

PART 12: Drivers and challenges
  • Market drivers
  • Market challenges
PART 13: Market Trends
  • Increase in demand for eco-friendly and green furnishings
  • Growing online sales of luxury furniture
  • Digital marketing and social media campaigns for consumer engagement
  • Growing adoption of multi-functional furniture
  • Other trends
PART 14: Vendor landscape
  • Competitive scenario
  • Key competitive strategies
  • Comparative analysis of key vendors
PART 15: Key vendor analysis
  • Herman Miller
  • Heritage Home Group
  • HNI
  • Inter IKEA Systems
  • MUEBLES PICO
  • Steinhoff International
  • Williams-Sonoma
  • Other prominent vendors
PART 16: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global furniture market 2016-2021 ($ billions)
Exhibit 02: Contribution of luxury furniture in global furniture market 2016 (revenue %)
Exhibit 03: Global luxury furniture market 2016-2021
Exhibit 04: Global luxury furniture market 2016-2021 ($ billions)
Exhibit 05: Luxury furniture price range for distinct categories 2016 ($)
Exhibit 06: Five forces analysis
Exhibit 07: Global luxury furniture market by application 2016-2021 ($ billions)
Exhibit 08: Global luxury furniture market by application 2016 and 2021 (revenue %)
Exhibit 09: Global luxury residential furniture market 2016-2021 ($ billions)
Exhibit 10: Segmentation: Global luxury residential furniture market 2016-2021 ($ billions)
Exhibit 11: Segmentation: Global luxury residential furniture market 2016 and 2021 (revenue %)
Exhibit 12: Global luxury residential living room furniture market 2016-2021 ($ billions)
Exhibit 13: Global luxury residential bedroom furniture market 2016-2021 ($ billions)
Exhibit 14: Global luxury residential dining and kitchen furniture market 2016-2021 ($ billions)
Exhibit 15: Global other luxury residential furniture market 2016-2021 ($ billions)
Exhibit 16: Performance matrix: Distinct categories of global luxury residential furniture market 2016
Exhibit 17: Global luxury commercial furniture market 2016-2021 ($ billions)
Exhibit 18: Segmentation: Global luxury commercial furniture market 2016-2021 ($ billions)
Exhibit 19: Segmentation: Global luxury commercial furniture market 2016 and 2021 (revenue %)
Exhibit 20: Global luxury hospitality furniture market 2016-2021 ($ billions)
Exhibit 21: Global luxury office furniture market 2016-2021 ($ billions)
Exhibit 22: Segmentation: Global luxury office furniture market 2016-2021 ($ millions)
Exhibit 23: Segmentation: Global luxury office furniture market 2016 and 2021 (revenue %)
Exhibit 24: Global luxury office seating furniture market 2016-2021 ($ millions)
Exhibit 25: Global luxury office systems furniture market 2016-2021 ($ millions)
Exhibit 26: Global luxury office tables furniture market 2016-2021 ($ millions)
Exhibit 27: Global luxury office file cabinets furniture market 2016-2021 ($ millions)
Exhibit 28: Global other luxury office furniture market 2016-2021 ($ millions)
Exhibit 29: Performance matrix: Distinct categories of global luxury office furniture 2016
Exhibit 30: Global other luxury commercial furniture market 2016-2021 ($ millions)
Exhibit 31: Performance matrix: Distinct categories of global luxury commercial furniture 2016
Exhibit 32: Global luxury furniture market by distribution channel 2016 and 2021 (revenue %)
Exhibit 33: Global luxury furniture market by distribution channel 2016-2021 ($ billions)
Exhibit 34: Global luxury furniture market through offline distribution channel 2016-2021 ($ billions)
Exhibit 35: Global luxury furniture market through online distribution channel 2016-2021 (% revenue)
Exhibit 36: Global luxury residential furniture market by distribution channel 2016 and 2021 (revenue %)
Exhibit 37: Global luxury residential furniture market by distribution channel 2016-2021 ($ billions)
Exhibit 38: Global luxury residential furniture market by specialty stores 2016-2021 ($ billions)
Exhibit 39: Global luxury residential furniture market by department stores 2016-2021 ($ billions)
Exhibit 40: Global luxury residential furniture market by hypermarkets, supermarkets, and clubhouses stores 2016-2021 ($ billions)
Exhibit 41: Global luxury residential furniture market by other retail stores 2016-2021 ($ billions)
Exhibit 42: Global luxury commercial furniture market through by distribution channel 2016 (revenue %)
Exhibit 43: Global luxury furniture market by raw material 2016 (revenue %)
Exhibit 44: Global luxury furniture market by geography in 2016 and 2021 (revenue %)
Exhibit 45: Global luxury furniture market by geography 2016-2021 ($ billions)
Exhibit 46: Luxury furniture market in Europe 2016-2021 ($ billions)
Exhibit 47: Luxury furniture market in Europe by distributional channel 2016 and 2021 (revenue %)
Exhibit 48: Luxury furniture market in Europe: Offline and online distribution channel in 2016 and 2021 ($ billions and %)
Exhibit 49: Luxury furniture market in North America 2016-2021 ($ billions)
Exhibit 50: Luxury furniture market in North America by distribution channel 2016 and 2021 (revenue %)
Exhibit 51: Luxury furniture market in North America: Offline and online distribution channel in 2016 and 2021 ($ billions and %)
Exhibit 52: Luxury furniture market in APAC 2016-2021 ($ billions)
Exhibit 53: Luxury furniture market in APAC by distribution channel 2016 and 2021 (revenue %)
Exhibit 54: Luxury furniture market in APAC: Offline and online distribution channel in 2016 and 2021 ($ billions and %)
Exhibit 55: Luxury market furniture market in ROW 2016-2021 ($ billions)
Exhibit 56: Luxury furniture market in ROW by distribution channel 2016 and 2021 (revenue %)
Exhibit 57: Luxury furniture market in ROW: Offline and online distribution channel in 2016 and 2021 ($ billions and %)
Exhibit 58: Global luxury furniture market 2016: Key leading countries' market share (revenue %)
Exhibit 59: Global luxury furniture market 2016: Key leading countries (revenue %)
Exhibit 60: Global luxury furniture market in US 2016-2021 ($ billions)
Exhibit 61: Global luxury furniture market in Germany 2016-2021 ($ billions)
Exhibit 62: Global luxury furniture market in UK 2016-2021 ($ billions)
Exhibit 63: Global luxury furniture market in China 2016-2021 ($ billions)
Exhibit 64: Homeownership for population belonging to the age group 25-34 years in US 2004 and 2014 (%)
Exhibit 65: Global furniture market: Revenue from offline and online retail formats 2010 and 2016
Exhibit 66: Key vendors: Comparison of operating margin for 2016*
Exhibit 67: Key vendors: Comparison of sales growth for 2015-2016*
Exhibit 68: Key vendors: Analysis on geographical presence 2016
Exhibit 69: Key vendors: Comparative analysis of revenue, product portfolio, and geographical presence 2016
Exhibit 70: Herman Miller: Business segmentation by revenue 2016 (% share)
Exhibit 71: Herman Miller: Geographical segmentation by revenue 2015 (%)
Exhibit 72: Herman Miller: Product portfolio
Exhibit 73: Heritage Home Group: Product portfolio
Exhibit 74: HNI: Business segmentation by revenue 2016 (% share)
Exhibit 75: HNI: Product portfolio
Exhibit 76: Inter IKEA Systems: Business segmentation by revenue 2015 (% share)
Exhibit 77: Inter IKEA Systems: Geographical segmentation by revenue 2015 (% share)
Exhibit 78: Inter IKEA Systems: Top selling countries by sales 2015
Exhibit 79: Inter IKEA Systems: Product portfolio
Exhibit 80: MUEBLES PICO: Product portfolio
Exhibit 81: Steinhoff International: Business segmentation by revenue 2016 (% share)
Exhibit 82: Steinhoff International: Geographical segmentation by revenue 2016 (% share)
Exhibit 83: Steinhoff International: Product portfolio
Exhibit 84: Williams-Sonoma: Business segmentation 2016 (% share)
Exhibit 85: Williams-Sonoma: Brand segmentation 2016 (% share)
Exhibit 86: Williams-Sonoma: Product portfolio
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Heritage Home Group
  • Herman Miller
  • HNI
  • Inter IKEA Systems
  • MUEBLES PICO
  • Steinhoff International
  • MORE
New Report Released: – Global Luxury Furniture Market 2017-2021

The author of the report recognizes the following companies as the key players in the global luxury furniture market: Inter IKEA Systems, Heritage Home Group, Herman Miller, HNI, MUEBLES PICO, Steinhoff International, and Williams-Sonoma.

Other Prominent Vendors in the market are: Ashley HomeStores, Berkshire Hathaway Duresta, Giovanni Visentin, Kimball International, Knoll, LAURA ASHLEY, La-Z-Boy, Nella Vetrina, Rooms To Go.com, Scavolini, Steelcase, and Turri.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market increase in demand for eco-friendly and green furnishings. The awareness of eco-friendly and green furniture in the Americas and Europe has increased. It is also being witnessed among the consumers of developing countries such as China. Consumers are currently showing more preference toward eco-friendly furniture such as those made from Moso bamboo, which is harder and more durable than oak. These materials also allow designers to obtain an aesthetic look for their products.”

According to the report, one of the major drivers for this market is branding and positioning. The global luxury furniture market is characterized by various brands and their value propositions. Brands work on different positioning strategies to position the brand as luxury and ultra-luxury. The strategies aim to improve the brand image and product positioning, characterized by quality and unique designs. It is imperative for brands to strengthen the perception of exclusivity and rarity of their products. Thus, branding and positioning have become the most powerful marketing strategies for furniture retailers, which mainly target the affluent consumer segment. The demand mostly stems from HNWIs and upper-middle class families with high purchasing power.

Further, the report states that one of the major factors hindering the growth of this market is cost challenge faced by manufacturers and retailers. One of the key operational challenges faced by the market is the cost of raw materials and manufacturing. Luxury wooden furniture requires wooden parts as well as several metallic components for manufacturing the finished product. Hence, the cost of manufacturing rises with an increase in the price of wood, metal, or any other raw material. This adversely affects the profit margins for manufacturers and retailers. Manufacturers need to produce and sell a certain quantity of units to maintain a significant profit margin.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Inter IKEA Systems
  • Heritage Home Group
  • Herman Miller
  • HNI
  • MUEBLES PICO
  • Steinhoff International
  • Williams-Sonoma.
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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