Luxury High End Furniture Market Scope
Luxury furniture comprises of moveable parts that highlight the best of premium craftsmanship and design from a certain era. They are commonly made of metal, glass, wood, and other materials, and they enhance the aesthetic value of a structure such as a home, hotel, workplace, or other indoor or outdoor location. The growth in disposable income, globalization, and a substantial population migration to metropolitan regions throughout the world have all benefited the luxury furniture industry. Concerned about their carbon footprints, furniture businesses in the luxury furniture industry have begun to provide environmentally friendly alternatives. Furniture designers are becoming more inventive and adventurous with their designs as technology advances. Low toxicity is also a top concern for clients looking for environmentally friendly furniture since they wish to minimise their negative health effect.
The Luxury High End Furniture market study is segmented by Type (Chair, Dining Table, Sofa, Book Case and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Italian Vendors will contribute to the maximum growth of Global Luxury High End Furniture market throughout the predicted period.
Duresta Upholstery Ltd. (United Kingdom), Muebles Pico (Spain), Valderamobili s.r.l. (Italy), Giovanni Visentin (Italy), Scavolini (Italy), Laura Ashley Holding Plc (United Kingdom), Iola Furniture Ltd. (New Zealand), Nella Vetrina (Italy), Henredon Furniture Industries Inc. (United States) and Turri S.r.l. (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Knoll, Inc. (United States), Littlejohn & Co. (United States), Levine Contract Furniture Group (United States) and Ralph Pucci International. (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Luxury High End Furniture market by Type, Application and Region.
On the basis of geography, the market of Luxury High End Furniture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 16th October, 2020 - Luxury Living Group Launched FENDI and Trussardi Casa. The 2020 FENDI Casa Collection Includes a Set of Coffee and Side Tables Named the Boogie Series, As Well As A Curving Margaret Armchair. Whereas The 2020 Trussardi Casa Collection Includes an Oval Armchair in Tru Damas Fabric, Deven Chest of Drawers, etc.
- Home Décor Perceived as Symbol of Status
- Boost in Sales Across Online Platforms
- Rising Household Disposable Income
- Increasing Urbanization and Adoption of Urban Life Style
- Growing Number of Luxury Residential Projects
- Surge in Renovation Projects Across Regions
- Surge in Demand for Sustainable Luxury Furniture
- Cleaning and Maintenance Costs
- International Shipping
- Fierce Competitive Pressure
Key Target AudienceLuxury High End Furniture Manufactures, New Entrants and Investors, Luxury High End Furniture Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Luxury High End Furniture Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.