The significant growth in the real estate sector is continuously influencing the demand for luxury furniture across both the residential and commercial sectors. In addition to this, the increasing penetration of online retailing and growing population, particularly in the developing nations, are fostering the growth of the luxury furniture market. Further, the rising disposable incomes have inclined the consumers towards purchasing luxury items which act as a status symbol and add value to a space, catalysing the global luxury furniture market. Some of the other factors spurring the market growth are growing preference for branding and positioning, accelerating demand for eco-friendly luxury furniture, rising impact of globalisation, the low operational cost and expanding infrastructure investments. Looking forward, IMARC Group expects the global luxury furniture market to exhibit moderate growth during the forecast period (2020-2025).

Luxury furniture refers to movable pieces of furniture made by skilled craftsmen using the best quality material and designed with zero margin for error. It adds to the aesthetic value of the commercial and household establishments, such as hotels, offices, homes and other indoor and outdoor areas. The changing lifestyles and constantly improving living standards of the people in the urbanised regions are increasingly adopting luxury furniture. Moreover, manufacturers are coming up with striking new designs of furniture and collaborating with interior designers to increase their visibility to capture a wider customer base. According to the latest report by IMARC Group, titled “ Luxury Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 ”, the global luxury furniture market reached a value of around US$ 26 Billion in 2019.

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

5 Key Industry Trends

6 Key Market Drivers and Challenges

7 Global Luxury Furniture Market

7.1 Market Overview

7.2 Market Performance

7.3 Impact of COVID-19

7.4 Market Forecast

8 Market Breakup by Region

8.1 North America

8.1.1 United States

8.1.1.1 Market Trends

8.1.1.2 Market Forecast

8.1.2 Canada

8.1.2.1 Market Trends

8.1.2.2 Market Forecast

8.2 Europe

8.2.1 Germany

8.2.1.1 Market Trends

8.2.1.2 Market Forecast

8.2.2 France

8.2.2.1 Market Trends

8.2.2.2 Market Forecast

8.2.3 United Kingdom

8.2.3.1 Market Trends

8.2.3.2 Market Forecast

8.2.4 Italy

8.2.4.1 Market Trends

8.2.4.2 Market Forecast

8.2.5 Spain

8.2.5.1 Market Trends

8.2.5.2 Market Forecast

8.2.6 Russia

8.2.6.1 Market Trends

8.2.6.2 Market Forecast

8.2.7 Netherlands

8.2.7.1 Market Trends

8.2.7.2 Market Forecast

8.2.8 Switzerland

8.2.8.1 Market Trends

8.2.8.2 Market Forecast

8.2.9 Sweden

8.2.9.1 Market Trends

8.2.9.2 Market Forecast

8.2.10 Others

8.2.10.1 Market Trends

8.2.10.2 Market Forecast

8.3 Asia Pacific

8.3.1 China

8.3.1.1 Market Trends

8.3.1.2 Market Forecast

8.3.2 Japan

8.3.2.1 Market Trends

8.3.2.2 Market Forecast

8.3.3 India

8.3.3.1 Market Trends

8.3.3.2 Market Forecast

8.3.4 South Korea

8.3.4.1 Market Trends

8.3.4.2 Market Forecast

8.3.5 Australia

8.3.5.1 Market Trends

8.3.5.2 Market Forecast

8.3.6 Taiwan

8.3.6.1 Market Trends

8.3.6.2 Market Forecast

8.4 Latin America

8.4.1 Brazil

8.4.1.1 Market Trends

8.4.1.2 Market Forecast

8.4.2 Mexico

8.4.2.1 Market Trends

8.4.2.2 Market Forecast

8.4.3 Others

8.4.3.1 Market Trends

8.4.3.2 Market Forecast

8.5 Middle East and Africa

8.5.1 Turkey

8.5.1.1 Market Trends

8.5.1.2 Market Forecast

8.5.2 Saudi Arabia

8.5.2.1 Market Trends

8.5.2.2 Market Forecast

8.5.3 United Arab Emirates

8.5.3.1 Market Trends

8.5.3.2 Market Forecast

8.5.4 Others

8.5.4.1 Market Trends

8.5.4.2 Market Forecast

9 Market Breakup by Raw Material

9.1 Wood

9.1.1 Market Trends

9.1.2 Market Forecast

9.2 Metal

9.2.1 Market Trends

9.2.2 Market Forecast

9.3 Glass

9.3.1 Market Trends

9.3.2 Market Forecast

9.4 Leather

9.4.1 Market Trends

9.4.2 Market Forecast

9.5 Plastic

9.5.1 Market Trends

9.5.2 Market Forecast

9.6 Multiple

9.6.1 Market Trends

9.6.2 Market Forecast

9.7 Others

9.7.1 Market Trends

9.7.2 Market Forecast

10 Market Breakup by Application

10.1 Domestic

10.1.1 Living Room and Bedroom

10.1.1.1 Market Trends

10.1.1.2 Market Forecast

10.1.2 Kitchen

10.1.2.1 Market Trends

10.1.2.2 Market Forecast

10.1.3 Bathroom

10.1.3.1 Market Trends

10.1.3.2 Market Forecast

10.1.4 Outdoor

10.1.4.1 Market Trends

10.1.4.2 Market Forecast

10.1.5 Lighting

10.1.5.1 Market Trends

10.1.5.2 Market Forecast

10.2 Commercial

10.2.1 Office

10.2.1.1 Market Trends

10.2.1.2 Market Forecast

10.2.2 Hospitality

10.2.2.1 Market Trends

10.2.2.2 Market Forecast

10.2.3 Others

10.2.3.1 Market Trends

10.2.3.2 Market Forecast

11 Market Breakup by Distribution Channel

11.1 Conventional Furniture Stores

11.1.1 Market Trends

11.1.2 Market Forecast

11.2 Speciality Stores

11.2.1 Market Trends

11.2.2 Market Forecast

11.3 Online Retailers

11.3.1 Market Trends

11.3.2 Market Forecast

11.4 Others

11.4.1 Market Trends

11.4.2 Market Forecast

12 Market Breakup by Design

12.1 Modern

12.1.1 Market Trends

12.1.2 Market Forecast

12.2 Contemporary

12.2.1 Market Trends

12.2.2 Market Forecast

13 Consumer Mapping

14 Branding and Promotion

15 Value Chain Analysis

16 Porters Five Forces Analysis

16.1 Overview

16.2 Bargaining Power of Buyers

16.3 Bargaining Power of Suppliers

16.4 Degree of Competition

16.5 Threat of New Entrants

16.6 Threat of Substitutes

17 Competitive Landscape

17.1 Market Structure

17.2 Key Players

17.3 Profiles of Key Players

17.3.1 Duresta Upholstery Ltd

17.3.2 Valderamobili s.r.l.

17.3.3 Scavolini Spa

17.3.4 GIOVANNI VISENTIN srl

17.3.5 Nella Vetrina

17.3.6 Muebles Picó S.A.

17.3.7 Heritage Home Group LLC

17.3.8 iola Furniture Limited

17.3.9 Turri S.r.l

17.3.10 Grayson Luxury

17.3.11 Williams-Sonoma, Inc.

17.3.12 Cassina S.p.A.

List of Figures



Figure 1: Global: Luxury Furniture Market: Major Drivers

Figure 2: Global: Luxury Furniture Market: Sales Value (in US$ Billion), 2014-2019

Figure 3: Global: Luxury Furniture Market: Breakup by Region (in %), 2019

Figure 4: Global: Luxury Furniture Market: Breakup by Raw Material (in %), 2019

Figure 5: Global: Luxury Furniture Market: Breakup by Application (in %), 2019

Figure 6: Global: Luxury Furniture Market: Breakup by Distribution Channel in %), 2019

Figure 7: Global: Luxury Furniture Market: Breakup by Design (in %), 2019

Figure 8: Global: Luxury Furniture Market Forecast: Sales Value (in US$ Billion), 2020-2025

Figure 9: North America: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 10: North America: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 11: United States: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 12: United States: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 13: Canada: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 14: Canada: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 15: Europe: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 16: Europe: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 17: Germany: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 18: Germany: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 19: France: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 20: France: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 21: United Kingdom: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 22: United Kingdom: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 23: Italy: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 24: Italy: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 25: Spain: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 26: Spain: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 27: Russia: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 28: Russia: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 29: Netherlands: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 30: Netherlands: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 31: Switzerland: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 32: Switzerland: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 33: Sweden: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 34: Sweden: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 35: Others: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 36: Others: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 37: Asia Pacific: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 38: Asia Pacific: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 39: China: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 40: China: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 41: Japan: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 42: Japan: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 43: India: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 44: India: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 45: South Korea: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 46: South Korea: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 47: Australia: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 48: Australia: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 49: Taiwan: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 50: Taiwan: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 51: Others: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 52: Others: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 53: Latin America: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 54: Latin America: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 55: Brazil: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 56: Brazil: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 57: Mexico: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 58: Mexico: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 59: Others: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 60: Others: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 61: Middle East and Africa: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 62: Middle East and Africa: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 63: Turkey: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 64: Turkey: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 65: Saudi Arabia: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 66: Saudi Arabia: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 67: United Arab Emirates: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 68: United Arab Emirates: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 69: Others: Luxury Furniture Market: Sales Value (in US$ Million), 2014 & 2019

Figure 70: Others: Luxury Furniture Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 71: Global: Luxury Furniture (Wood) Market: Sales Value (in US$ Million), 2014 & 2019

Figure 72: Global: Luxury Furniture (Wood) Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 73: Global: Luxury Furniture (Metal) Market: Sales Value (in US$ Million), 2014 & 2019

Figure 74: Global: Luxury Furniture (Metal) Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 75: Global: Luxury Furniture (Glass) Market: Sales Value (in US$ Million), 2014 & 2019

Figure 76: Global: Luxury Furniture (Glass) Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 77: Global: Luxury Furniture (Leather) Market: Sales Value (in US$ Million), 2014 & 2019

Figure 78: Global: Luxury Furniture (Leather) Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 79: Global: Luxury Furniture (Plastic) Market: Sales Value (in US$ Million), 2014 & 2019

Figure 80: Global: Luxury Furniture (Plastic) Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 81: Global: Luxury Furniture (Multiple) Market: Sales Value (in US$ Million), 2014 & 2019

Figure 82: Global: Luxury Furniture (Multiple) Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 83: Global: Luxury Furniture (Others) Market: Sales Value (in US$ Million), 2014 & 2019

Figure 84: Global: Luxury Furniture (Others) Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 85: Global: Luxury Furniture Market (Domestic Applications): Sales Value (in US$ Million), 2014 & 2019

Figure 86: Global: Luxury Furniture Market Forecast (Domestic Applications): Sales Value (in US$ Million), 2020-2025

Figure 87: Global: Luxury Furniture Market (Applications in Living Room and Bedroom): Sales Value (in US$ Million), 2014 & 2019

Figure 88: Global: Luxury Furniture Market Forecast (Applications in Living Room and Bedroom): Sales Value (in US$ Million), 2020-2025

Figure 89: Global: Luxury Furniture Market (Applications in Kitchen): Sales Value (in US$ Million), 2014 & 2019

Figure 90: Global: Luxury Furniture Market Forecast (Applications in Kitchen): Sales Value (in US$ Million), 2020-2025

Figure 91: Global: Luxury Furniture Market (Applications in Bathroom): Sales Value (in US$ Million), 2014 & 2019

Figure 92: Global: Luxury Furniture Market Forecast (Applications in Bathroom): Sales Value (in US$ Million), 2020-2025

Figure 93: Global: Luxury Furniture Market (Outdoor Applications): Sales Value (in US$ Million), 2014 & 2019

Figure 94: Global: Luxury Furniture Market Forecast (Outdoor Applications): Sales Value (in US$ Million), 2020-2025

Figure 95: Global: Luxury Furniture Market (Lighting Applications): Sales Value (in US$ Million), 2014 & 2019

Figure 96: Global: Luxury Furniture Market Forecast (Lighting Applications): Sales Value (in US$ Million), 2020-2025

Figure 97: Global: Luxury Furniture Market (Applications in the Commercial Sector): Sales Value (in US$ Million), 2014 & 2019

Figure 98: Global: Luxury Furniture Market Forecast (Applications in the Commercial Sector): Sales Value (in US$ Million), 2020-2025

Figure 99: Global: Luxury Furniture Market (Office Applications): Sales Value (in US$ Million), 2014 & 2019

Figure 100: Global: Luxury Furniture Market Forecast (Office Applications): Sales Value (in US$ Million), 2020-2025

Figure 101: Global: Luxury Furniture Market (Applications in the Hospitality Sector): Sales Value (in US$ Million), 2014 & 2019

Figure 102: Global: Luxury Furniture Market Forecast (Applications in the Hospitality Sector): Sales Value (in US$ Million), 2020-2025

Figure 103: Global: Luxury Furniture Market (Other Applications): Sales Value (in US$ Million), 2014 & 2019

Figure 104: Global: Luxury Furniture Market Forecast (Other Applications): Sales Value (in US$ Million), 2020-2025

Figure 105: Global: Luxury Furniture Market: Conventional Furniture Stores (in US$ Million), 2014 & 2019

Figure 106: Global: Luxury Furniture Market Forecast: Conventional Furniture Stores (in US$ Million), 2020-2025

Figure 107: Global: Luxury Furniture Market: Sales through Speciality Stores (in US$ Million), 2014 & 2019

Figure 108: Global: Luxury Furniture Market Forecast: Speciality Stores (in US$ Million), 2020-2025

Figure 109: Global: Luxury Furniture Market: Sales through Online Retailers (in US$ Million), 2014 & 2019

Figure 110: Global: Luxury Furniture Market Forecast: Sales through Online Retailers (in US$ Million), 2020-2025

Figure 111: Global: Luxury Furniture Market: Sales through Other Distribution Channels (in US$ Million), 2014 & 2019

Figure 112: Global: Luxury Furniture Market Forecast: Sales through Other Distribution Channels (in US$ Million), 2020-2025

Figure 113: Global: Luxury Furniture (Modern) Market: Sales Value (in US$ Million), 2014 & 2019

Figure 114: Global: Luxury Furniture (Modern) Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 115: Global: Luxury Furniture (Contemporary) Market: Sales Value (in US$ Million), 2014 & 2019

Figure 116: Global: Luxury Furniture (Contemporary) Market Forecast: Sales Value (in US$ Million), 2020-2025

Figure 117: Global: Luxury Furniture Industry: Value Chain Analysis

Figure 118: Global: Luxury Furniture Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Luxury Furniture Market: Key Industry Highlights, 2019 and 2025

Table 2: Global: Luxury Furniture Market Forecast: Breakup by Region (in US$ Million), 2020-2025

Table 3: Global: Luxury Furniture Market Forecast: Breakup by Raw Material (in US$ Million), 2020-2025

Table 4: Global: Luxury Furniture Market Forecast: Breakup by Application (in US$ Million), 2020-2025

Table 5: Global: Luxury Furniture Market Forecast: Breakup by Distribution Channel (in US$ Million), 2020-2025

Table 6: Global: Luxury Furniture Market Forecast: Breakup by Design (in US$ Million), 2020-2025

Table 7: Global: Luxury Furniture Market: Competitive Structure

Table 8: Global: Luxury Furniture Market: Key Players