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Luxury Furniture Market Growth, Future Prospects & Competitive Analysis, 2016 – 2023

By Amey Godbole
Luxury furniture are comprises of furniture manufactured with the help of high-quality materials and refined process. It increases the aesthetic value of commercial as well as residential establishments. The rising disposable income and increasing purchasing power of households has stimulated the demand for luxury furniture all across the globe.
The global luxury furniture market is growing at a fast pace and is anticipated to attain significant growth over the next seven years till 2023. Escalating growth of the real estate sector coupled increasing online shopping is expected to foster the growth of luxury furniture market over the period 2016-2023.
At present, Europe region captured the maximum share in revenue of luxury furniture market and is anticipated to dominate over the forecast period. Changing fashion and lifestyle along with rising urban population has strengthened the growth of the region over the past few years. Rising real estate development such as increasing number of residential and commercial buildings especially in India and China is anticipated to expand the growth of Asia Pacific luxury furniture market till 2023.
The global luxury furniture market is mainly concentrated in Europe. Major players are adopting different market strategies to enter and enhance their market position and distribution network. 
Key Players Identified Across the Value Chain in the Luxury Furniture Market include but are not limited to:
Giovanni Visentin s.r.l, Henredon Furniture Industries Inc., Duresta Upholstery Ltd, Muebles Pico, Iola Furniture Limited, Laura Ashley Holding Plc, and Nella Vetrina.
Amey Godbole (Editor)
Amey Godbole is a Senior Research Analyst working with Credence Research since its inception. He has an experience of market research in the fields of E-commerce, Information Technology (IT) Services & Solutions and Electronics segments. Amey has completed B.E. with specialization in Electronics & Telecommunication from University of Mumbai and MBA in Marketing.
Contact:
Mo. No. 919719670423
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Location: United States

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