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Global Luxury Furniture Market 2017-2021

Global Luxury Furniture Market 2017-2021

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.

Technavio’s 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
Technavio's 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 driver
  • Branding and positioning
  • For a full, detailed list, view our report
Market challenge
  • Cost challenge faced by manufacturers and retailers
  • For a full, detailed list, view our report
Market trend
  • Increase in demand for eco-friendly and green furnishings
  • For a full, detailed list, view our 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 the key 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Luxury Furniture Market 2017-2021

Technavio 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 Technavio’s 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.



Companies Mentioned

Inter IKEA Systems, Heritage Home Group, Herman Miller, HNI, MUEBLES PICO, Steinhoff International, and Williams-Sonoma.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global furniture market 2016-2021 ($ billions)
      • Table Contribution of luxury furniture in global furniture market 2016 (revenue %)
  • Market landscape
    • Market overview
      • Table Global luxury furniture market 2016-2021
    • Key market insights
    • Market size and forecast
      • Table Global luxury furniture market 2016-2021 ($ billions)
    • Luxury furniture price range
      • Table Luxury furniture price range for distinct categories 2016 ($)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global luxury furniture market by application
      • Table Global luxury furniture market by application 2016-2021 ($ billions)
      • Table Global luxury furniture market by application 2016 and 2021 (revenue %)
    • Global luxury residential furniture market
      • Table Global luxury residential furniture market 2016-2021 ($ billions)
      • Table Segmentation: Global luxury residential furniture market 2016-2021 ($ billions)
      • Table Segmentation: Global luxury residential furniture market 2016 and 2021 (revenue %)
      • Table Global luxury residential living room furniture market 2016-2021 ($ billions)
      • Table Global luxury residential bedroom furniture market 2016-2021 ($ billions)
      • Table Global luxury residential dining and kitchen furniture market 2016-2021 ($ billions)
      • Table Global other luxury residential furniture market 2016-2021 ($ billions)
      • Table Performance matrix: Distinct categories of global luxury residential furniture market 2016
    • Global luxury commercial furniture market
      • Table Global luxury commercial furniture market 2016-2021 ($ billions)
      • Table Segmentation: Global luxury commercial furniture market 2016-2021 ($ billions)
      • Table Segmentation: Global luxury commercial furniture market 2016 and 2021 (revenue %)
      • Table Global luxury hospitality furniture market 2016-2021 ($ billions)
      • Table Global luxury office furniture market 2016-2021 ($ billions)
      • Table Segmentation: Global luxury office furniture market 2016-2021 ($ millions)
      • Table Segmentation: Global luxury office furniture market 2016 and 2021 (revenue %)
      • Table Global luxury office seating furniture market 2016-2021 ($ millions)
      • Table Global luxury office systems furniture market 2016-2021 ($ millions)
      • Table Global luxury office tables furniture market 2016-2021 ($ millions)
      • Table Global luxury office file cabinets furniture market 2016-2021 ($ millions)
      • Table Global other luxury office furniture market 2016-2021 ($ millions)
      • Table Performance matrix: Distinct categories of global luxury office furniture 2016
      • Table Global other luxury commercial furniture market 2016-2021 ($ millions)
      • Table Performance matrix: Distinct categories of global luxury commercial furniture 2016
  • Market segmentation by distribution channel
    • Global luxury furniture market by distribution channel
      • Table Global luxury furniture market by distribution channel 2016 and 2021 (revenue %)
      • Table Global luxury furniture market by distribution channel 2016-2021 ($ billions)
    • Global luxury furniture market through offline distribution channel
      • Table Global luxury furniture market through offline distribution channel 2016-2021 ($ billions)
    • Global luxury furniture market through online distribution channel
      • Table Global luxury furniture market through online distribution channel 2016-2021 (% revenue)
    • Global luxury residential furniture market by distribution channel
      • Table Global luxury residential furniture market by distribution channel 2016 and 2021 (revenue %)
      • Table Global luxury residential furniture market by distribution channel 2016-2021 ($ billions)
      • Table Global luxury residential furniture market by specialty stores 2016-2021 ($ billions)
      • Table Global luxury residential furniture market by department stores 2016-2021 ($ billions)
      • Table Global luxury residential furniture market by hypermarkets, supermarkets, and clubhouses stores 2016-2021 ($ billions)
      • Table Global luxury residential furniture market by other retail stores 2016-2021 ($ billions)
    • Global luxury commercial furniture market by distribution channel
      • Table Global luxury commercial furniture market through by distribution channel 2016 (revenue %)
  • Market segmentation by raw material
    • Global luxury furniture market by raw material
      • Table Global luxury furniture market by raw material 2016 (revenue %)
  • Geographical segmentation
    • Global luxury market by geography
      • Table Global luxury furniture market by geography in 2016 and 2021 (revenue %)
      • Table Global luxury furniture market by geography 2016-2021 ($ billions)
    • Luxury furniture market in Europe
      • Table Luxury furniture market in Europe 2016-2021 ($ billions)
      • Table Luxury furniture market in Europe by distributional channel 2016 and 2021 (revenue %)
      • Table Luxury furniture market in Europe: Offline and online distribution channel in 2016 and 2021 ($ billions and %)
    • Luxury furniture market in North America
      • Table Luxury furniture market in North America 2016-2021 ($ billions)
      • Table Luxury furniture market in North America by distribution channel 2016 and 2021 (revenue %)
      • Table Luxury furniture market in North America: Offline and online distribution channel in 2016 and 2021 ($ billions and %)
    • Global luxury furniture market in APAC
      • Table Luxury furniture market in APAC 2016-2021 ($ billions)
      • Table Luxury furniture market in APAC by distribution channel 2016 and 2021 (revenue %)
      • Table Luxury furniture market in APAC: Offline and online distribution channel in 2016 and 2021 ($ billions and %)
    • Global luxury furniture market in ROW
      • Table Luxury market furniture market in ROW 2016-2021 ($ billions)
      • Table Luxury furniture market in ROW by distribution channel 2016 and 2021 (revenue %)
      • Table Luxury furniture market in ROW: Offline and online distribution channel in 2016 and 2021 ($ billions and %)
  • Key leading countries
    • Global luxury furniture market
      • Table Global luxury furniture market 2016: Key leading countries' market share (revenue %)
      • Table Global luxury furniture market 2016: Key leading countries (revenue %)
    • US
      • Table Global luxury furniture market in US 2016-2021 ($ billions)
    • Germany
      • Table Global luxury furniture market in Germany 2016-2021 ($ billions)
    • UK
      • Table Global luxury furniture market in UK 2016-2021 ($ billions)
    • China
      • Table Global luxury furniture market in China 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Homeownership for population belonging to the age group 25-34 years in US 2004 and 2014 (%)
  • Market Trends
    • Increase in demand for eco-friendly and green furnishings
    • Growing online sales of luxury furniture
      • Table Global furniture market: Revenue from offline and online retail formats 2010 and 2016
    • Digital marketing and social media campaigns for consumer engagement
    • Growing adoption of multi-functional furniture
    • Other trends
  • Vendor landscape
    • Competitive scenario
    • Key competitive strategies
    • Comparative analysis of key vendors
      • Table Key vendors: Comparison of operating margin for 2016*
      • Table Key vendors: Comparison of sales growth for 2015-2016*
      • Table Key vendors: Analysis on geographical presence 2016
      • Table Key vendors: Comparative analysis of revenue, product portfolio, and geographical presence 2016
  • Key vendor analysis
    • Herman Miller
      • Table Herman Miller: Business segmentation by revenue 2016 (% share)
      • Table Herman Miller: Geographical segmentation by revenue 2015 (%)
      • Table Herman Miller: Product portfolio
    • Heritage Home Group
      • Table Heritage Home Group: Product portfolio
    • HNI
      • Table HNI: Business segmentation by revenue 2016 (% share)
      • Table HNI: Product portfolio
    • Inter IKEA Systems
      • Table Inter IKEA Systems: Business segmentation by revenue 2015 (% share)
      • Table Inter IKEA Systems: Geographical segmentation by revenue 2015 (% share)
      • Table Inter IKEA Systems: Top selling countries by sales 2015
      • Table Inter IKEA Systems: Product portfolio
    • MUEBLES PICO
      • Table MUEBLES PICO: Product portfolio
    • Steinhoff International
      • Table Steinhoff International: Business segmentation by revenue 2016 (% share)
      • Table Steinhoff International: Geographical segmentation by revenue 2016 (% share)
      • Table Steinhoff International: Product portfolio
    • Williams-Sonoma
      • Table Williams-Sonoma: Business segmentation 2016 (% share)
      • Table Williams-Sonoma: Brand segmentation 2016 (% share)
      • Table Williams-Sonoma: Product portfolio
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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