World Luxury Furniture Market Examined in In-demand Allied Market Research Report Available at MarketPublishers.com22 Jul 2015 • by Natalie Aster
LONDON – The worldwide luxury furniture market will likely gain traction in the offing, largely supported by the growth of the real estate business. A number of factors such as globalisation, a hike in disposable incomes and better life styles, and an upsurge in the urban population in the developing countries are also boosting the growth in the luxury furniture market. Due to the greater environmental awareness amid consumers, the eco-friendly luxury furniture segment is poised for a higher growth rate during 2015-2020. Additionally, online retailing is also set to grow considerably, which will positively impact the market. The soaring cost of raw materials and lack of skilled labour pose the main challenges to the market growth.
The wood furniture segment has yielded revenue in 2014, with metal furniture following after. Amid the major materials used for furniture production, glass furniture is poised for the highest growth over the forecast period. Domestic furniture and commercial segments accounted, respectively, for around 70% and 30% of the overall market revenue. The lighting segment is set to expand at the fastest rate in the foreseeable future. Geography-wise, Europe generated the most revenue as of 2014. APAC is expected to increase at a significant rate through to 2020, with the LAMEA region following after.
In-demand study “Global Luxury Furniture Market (Material, End-Use and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2014 - 2020” created by Allied Market Research examines the world market for luxury furniture, segmenting it based on material, end user, and geography. The report limelights the ongoing and prospective trends in the sector; examines key driving forces, restraints and opportunities alongside impact analysis for the coming period. The study canvasses the competition in the market arena, besides profiling the 10 leading players. It also includes an in-depth analysis of the market size as of today and forecasts to 2020. Porter’s five forces analysis is provided, too.
Global Luxury Furniture Market (Material, End-Use and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2014 - 2020
Published: May, 2015
Price: US$ 4,515.00
More reports by the publisher can be found at Allied Market Research page.