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Global Luxury Furniture Market 2019-2023

Global Luxury Furniture Market 2019-2023

Global Luxury Furniture Market: About this market

Luxury furniture usually refers to the high-end and premium class of commercial and residential furniture. Technavio’s luxury furniture market analysis considers sales from distribution channels including offline and online. Our analysis also considers the sales of luxury furniture in APAC, Europe, North America, South America, and MEA. In 2018, the offline segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the tangential factor associated with the offline distribution of luxury furniture will play a significant role in the offline segment to maintain its market position. Also, our global luxury furniture market report looks at factors such as the increasing number of new luxury furniture showroom launches, growing influence of different retailing channels, and rising popularity of multi-functional luxury furniture. However, frequent product recalls, unstable prices of raw materials, and stringent regulations related to luxury furniture may hamper the growth of the luxury furniture industry over the forecast period.

Global Luxury Furniture Market: Overview

Rising popularity of multi-functional luxury furniture

Single and two-person households are looking for ways to maximize space in their rooms by spending on small, portable, multi-purpose, foldable, and technologically-influenced luxury furniture. The adoption of these furniture allows them to quickly re-configure an entire area using their transforming features. Multitude of benefits of multi-functional luxury furniture will lead to the expansion of the global luxury furniture market at a CAGR of about 5% during the forecast period.

Rapid emergence of eco-friendly and organic luxury furniture

There is an increase in the adoption of green technology due to the growing awareness of negative impact of deforestation on the environment. This is encouraging manufacturers to use biodegradable, sustainable, and renewable raw materials to build eco-friendly and organic luxury furniture. This will boost the product launches, which in turn, will have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global luxury furniture market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global luxury furniture market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury furniture manufacturers, that include Herman Miller Inc., HNI Corp., Inter IKEA Group, Muebles Picó SA, and Steinhoff International Holdings NV.

Also, the luxury furniture market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global furniture market
      • Table Segments of global furniture market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by material
    • Table Market segmentation by material-2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Residential luxury furniture - Market size and forecast 2018- 2023
      • Table Residential luxury furniture - Market size and forecast 2018-2023 ($ billions)
      • Table Residential luxury furniture - Year-over-year growth 2019-2023 (%)
      • Table Global luxury residential living room furniture market
      • Table Global luxury residential living room furniture market - CAGR (%)
      • Table Global luxury residential bedroom furniture market
      • Table Global luxury residential bedroom furniture market - CAGR (%)
      • Table Global luxury residential dining and kitchen furniture market
      • Table Global luxury residential dining and kitchen furniture market - CAGR (%)
      • Table Global other luxury residential furniture market
      • Table Global other luxury residential furniture market - CAGR (%)
    • Commercial luxury furniture - Market size and forecast 2018-2023
      • Table Commercial luxury furniture - Market size and forecast 2018-2023 ($ billions)
      • Table Commercial luxury furniture - Year-over-year growth 2019-2023 (%)
      • Table Global luxury hospitality furniture market
      • Table Global luxury hospitality furniture market - CAGR (%)
      • Table Global luxury office furniture market
      • Table Global luxury office furniture market - CAGR (%)
      • Table Global other luxury commercial furniture market
      • Table Global other luxury commercial furniture market - CAGR (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by distribution channel
    • Table Distribution channel - Market share 2018-2023 (%)
    • Comparison by distribution channel
      • Table Comparison by distribution channel
    • Offline - Market size and forecast 2018-2023
      • Table Offline - Market size and forecast 2018-2023 ($ billions)
      • Table Offline - Year-over-year growth 2019-2023 (%)
      • Table Global luxury residential furniture market by specialty stores
      • Table Global luxury residential furniture market by specialty stores - CAGR (%)
      • Table Global luxury residential furniture market by department stores
      • Table Global luxury residential furniture market by department stores - CAGR (%)
      • Table Global luxury residential furniture market by hypermarkets, supermarkets, and clubhouses
      • Table Global luxury residential furniture market by hypermarkets, supermarkets, and clubhouses - CAGR (%)
      • Table Global luxury residential furniture market by other retail stores
      • Table Global luxury residential furniture market by other retail stores - CAGR (%)
      • Table Global commercial furniture market by distribution channel-2018 (%)
    • Online - Market size and forecast 2018-2023
      • Table Online - Market size and forecast 2018-2023 ($ billions)
      • Table Online - Year-over-year growth 2019-2023 (%)
    • Market opportunity by distribution channel
      • Table Market opportunity by distribution channel
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ billions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ billions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ billions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ billions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Rapid emergence of eco-friendly and organic luxury furniture
    • Growth in demand for luxury furniture among millennials
    • Technological innovations in global luxury furniture market
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Herman Miller Inc.
      • Table Herman Miller Inc. - Vendor overview
      • Table Herman Miller Inc. - Business segments
      • Table Herman Miller Inc. - Organizational developments
      • Table Herman Miller Inc. - Geographic focus
      • Table Herman Miller Inc. - Segment focus
      • Table Herman Miller Inc. - Key offerings
    • HNI Corp.
      • Table HNI Corp. - Vendor overview
      • Table HNI Corp. - Business segments
      • Table HNI Corp. - Organizational developments
      • Table HNI Corp. - Segment focus
      • Table HNI Corp. - Key offerings
    • Inter IKEA Group
      • Table Inter IKEA Group - Vendor overview
      • Table Inter IKEA Group - Business segments
      • Table Inter IKEA Group - Organizational developments
      • Table Inter IKEA Group - Key offerings
    • Muebles Picó SA
      • Table Muebles Picó SA - Vendor overview
      • Table Muebles Picó SA - Product segments
      • Table Muebles Picó SA - Organizational developments
      • Table Muebles Picó SA - Key offerings
    • Steinhoff International Holdings NV
      • Table Steinhoff International Holdings NV - Vendor overview
      • Table Steinhoff International Holdings NV - Business segments
      • Table Steinhoff International Holdings NV - Organizational developments
      • Table Steinhoff International Holdings NV - Segment focus
      • Table Steinhoff International Holdings NV - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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