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Luxury Furniture Market - 35% of Growth to Originate from Europe |Driven by Increasing Number of New Luxury Furniture Showroom launches | Technavio

Technavio (PRNewsfoto/Technavio)

News provided by

Technavio

May 24, 2022, 21:30 ET

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NEW YORK, May 24, 2022 /PRNewswire/ -- The luxury furniture market size is expected to grow by USD 7 billion from 2020 to 2025, progressing at a CAGR of 5% as per the latest market research report by Technavio. The key factor driving the luxury furniture market is the increasing number of new luxury furniture showroom launches. The growth of the global luxury furniture market is being invigorated by the frequent launch of products and showrooms globally. Major and regional players have been assessing the growth opportunities in the luxury furniture category in various parts of the world. With an aim to efficiently tap into the enormous growth potential of this market, new showrooms of luxury furniture are being launched globally to attract more customers. In February 2019, the Natuzzi Spa. opened its new store in Istanbul within the Home Design Center. In March 2020, the Reflex Spa. opened its showroom in Brussel. In April 2019, the Reflex Spa. opened its showroom in Milan, Italy. In July 2019, the Club House Italia Spa launched The Residence, U.S. Showhouse, designed exclusively by Design Force Miami in collaboration with Orlean, Emilio Robba, and Opera Gallery. In March 2020, the Club House Italia Spa launched the Outdoor Collection, in collaboration with Orlean & Storia Flooring Luxury Living Group.

Technavio has announced its latest market research report titled
 Luxury Furniture Market by Distribution Channel, Application, and Geography - Forecast and Analysis 2021-2025
Technavio has announced its latest market research report titled Luxury Furniture Market by Distribution Channel, Application, and Geography - Forecast and Analysis 2021-2025

To know about the trends & challenges - Download a Sample Report in MINUTES

The competitive scenario provided in the Luxury Furniture Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don't wait, Make a strategic approach & boost your business goals with our Luxury Furniture Market Forecast Report -  Buy Now!

Luxury Furniture Market: Geographic Landscape

35% of the market's growth will originate from Europe during the forecast period. Germany, the UK, and Italy are the key markets for luxury furniture in Europe. Market growth in this region will be faster than the growth of the market in the MEA and South America regions. The increasing number of single-occupancy households will facilitate the luxury furniture market growth in Europe over the forecast period. 

Luxury Furniture Market: Distribution Channel Landscape

The luxury furniture market share growth in the offline channel will be significant for revenue generation. Offline distribution channels include the sale of luxury furniture market through various offline media such as specialty furniture stores, department stores, discount stores, hypermarkets, supermarkets, warehouse clubs, manufacturer-branded stores, and designer stores. The offline distribution channel is the most preferred means for the distribution of luxury furniture items by vendors, manufacturers, and distributors operating in the global luxury furniture market, the major factor being the tangential factor associated with the offline distribution of luxury furniture.

To gain further insights on the market contribution of various segments - Download a sample now!

Companies Covered:

The luxury furniture market is fragmented and the vendors are deploying growth strategies such as strategic collaborations, M&A, and partnerships to expand their R&D activities, gain access to advanced technologies, and establish a distribution network for successful product commercialization to compete in the market.

  • Club House Italia S.p.A
  • Giorgio Armani Spa
  • Herman Miller Inc.
  • Minotti S.p.A.
  • MUEBLES PICO SA
  • Natuzzi SpA
  • Opera Contemporary
  • Reflex S.p.a.
  • Rugiano srl
  • Vaughan Bassett

To know about the vendor offerings - Download a sample now!

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2020, 2021, and 2025
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Related Reports:

  • The predicted growth for the online furniture market share from 2021 to 2026 is USD 112.67 billion at a progressing CAGR of 16.79%. Download a sample now!
  • The RTA furniture market share in the US is expected to increase by USD 2.56 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.69% Download a sample now!

Luxury Furniture Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

USD 7 billion

Market structure

Fragmented

YoY growth (%)

3.58

Performing market contribution

Europe at 35%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Club House Italia S.p.A, Giorgio Armani Spa, Herman Miller Inc., Minotti S.p.A., MUEBLES PICO SA, Natuzzi SpA, Opera Contemporary, Reflex S.p.a., Rugiano srl, and Vaughan Bassett

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 03: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 04: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 05: Global - Market size and forecast 2020 - 2025 ($ billion)
    • Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces analysis
    • Exhibit 07: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 08: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 09: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 10: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 11: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 12: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 13: Market condition - Five forces 2020

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 14: Application - Market share 2020-2025 (%)
  • 5.2 Comparison by Application
    • Exhibit 15: Comparison by Application
  • 5.3 Residential - Market size and forecast 2020-2025
    • Exhibit 16: Residential - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 17: Residential - Year-over-year growth 2020-2025 (%)
  • 5.4 Commercial - Market size and forecast 2020-2025
    • Exhibit 18: Commercial - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 19: Commercial - Year-over-year growth 2020-2025 (%)
  • 5.5 Market opportunity by Application
    • Exhibit 20: Market opportunity by Application

6 Market Segmentation by Distribution channel

  • 6.1 Market segments
    • Exhibit 21: Distribution channel - Market share 2020-2025 (%)
  • 6.2 Comparison by Distribution channel
    • Exhibit 22: Comparison by Distribution channel
  • 6.3 Offline - Market size and forecast 2020-2025
    • Exhibit 23: Offline - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 24: Offline - Year-over-year growth 2020-2025 (%)
  • 6.4 Online - Market size and forecast 2020-2025
    • Exhibit 25: Online - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 26: Online - Year-over-year growth 2020-2025 (%)
  • 6.5 Market opportunity by Distribution channel
    • Exhibit 27: Market opportunity by Distribution channel

7 Customer landscape

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 29: Market share by geography 2020-2025 (%)
  • 8.2 Geographic comparison
    • Exhibit 30: Geographic comparison
  • 8.3 Europe - Market size and forecast 2020-2025
    • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
  • 8.4 North America - Market size and forecast 2020-2025
    • Exhibit 33: North America - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 34: North America - Year-over-year growth 2020-2025 (%)
  • 8.5 APAC - Market size and forecast 2020-2025
    • Exhibit 35: APAC - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 36: APAC - Year-over-year growth 2020-2025 (%)
  • 8.6 MEA - Market size and forecast 2020-2025
    • Exhibit 37: MEA - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
  • 8.7 South America - Market size and forecast 2020-2025
    • Exhibit 39: South America - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 40: South America - Year-over-year growth 2020-2025 (%)
  • 8.8 Key leading countries
    • Exhibit 41: Key leading countries
  • 8.9 Market opportunity by geography
    • Exhibit 42: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
    • Exhibit 43: Impact of drivers and challenges
  • 9.3 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Landscape disruption
    • Exhibit 45: Landscape disruption
    • Exhibit 46: Industry risks

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 47: Vendors covered
  • 11.2 Market positioning of vendors
    • Exhibit 48: Market positioning of vendors
  • 11.3 Club House Italia S.p.A
    • Exhibit 49: Club House Italia S.p.A - Overview
    • Exhibit 50: Club House Italia S.p.A - Product and service
    • Exhibit 51: Club House Italia Spa - Key news
    • Exhibit 52: Club House Italia S.p.A - Key offerings
  • 11.4 Giorgio Armani Spa
    • Exhibit 53: Giorgio Armani Spa - Overview
    • Exhibit 54: Giorgio Armani Spa - Product and service
  • 11.5 Herman Miller Inc.
    • Exhibit 55: Herman Miller Inc. - Overview
    • Exhibit 56: Herman Miller Inc. - Business segments
    • Exhibit 57: Herman Miller Inc- Key news
    • Exhibit 58: Herman Miller Inc. - Key offerings
    • Exhibit 59: Herman Miller Inc. - Segment focus
  • 11.6 Minotti S.p.A.
    • Exhibit 60: Minotti S.p.A. - Overview
    • Exhibit 61: Minotti S.p.A. - Product and service
    • Exhibit 62: Minotti Spa - Key news
    • Exhibit 63: Minotti S.p.A. - Key offerings
  • 11.7 MUEBLES PICO SA
    • Exhibit 64: MUEBLES PICO SA - Overview
    • Exhibit 65: MUEBLES PICO SA - Product and service
    • Exhibit 66: MUEBLES PICO SA - Key offerings
  • 11.8 Natuzzi SpA
    • Exhibit 67: Natuzzi SpA - Overview
    • Exhibit 68: Natuzzi SpA - Product and service
    • Exhibit 69: Natuzzi Spa- Key news
    • Exhibit 70: Natuzzi SpA - Key offerings
  • 11.9 Opera Contemporary
    • Exhibit 71: Opera Contemporary - Overview
    • Exhibit 72: Opera Contemporary - Product and service
    • Exhibit 73: Opera Contemporary- Key news
    • Exhibit 74: Opera Contemporary - Key offerings
  • 11.10 Reflex S.p.a.
    • Exhibit 75: Reflex S.p.a. - Overview
    • Exhibit 76: Reflex S.p.a. - Product and service
    • Exhibit 77: Reflex S.p.a. - Key offerings
  • 11.11 Rugiano srl
    • Exhibit 78: Rugiano srl - Overview
    • Exhibit 79: Rugiano srl - Product and service
    • Exhibit 80: Rugiano Srl- Key news
    • Exhibit 81: Rugiano srl - Key offerings
  • 11.12 Vaughan Bassett
    • Exhibit 82: Vaughan Bassett - Overview
    • Exhibit 83: Vaughan Bassett - Product and service
    • Exhibit 84: Vaughan Bassett - Key offerings

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Currency conversion rates for US$
    • Exhibit 85: Currency conversion rates for US$
  • 12.3 Research methodology
    • Exhibit 86: Research Methodology
    • Exhibit 87: Validation techniques employed for market sizing
    • Exhibit 88: Information sources
  • 12.4 List of abbreviations
    • Exhibit 89: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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