Luxury Furniture Market revenue to cross $35 Bn by 2032, Predicts Global Market Insights Inc.
Leading luxury furniture market participants include Kohler Inc, Illulian Luxury Rugs, IKEA, cassina, MARIONI, Bentley Home, Knoll Inc, Boca do Lobo, Heritage Home, Furniture Concepts, Haworth Inc, and Godrej & Boyce Manufacturing Co. Ltd, HNI, among others.
Selbyville, Delaware, Jan. 10, 2023 (GLOBE NEWSWIRE) —
Luxury Furniture Market size is predicted to reach USD 35 billion by 2032, according to the share was valued at more than USD 7 billion in 2022. The rise in the high-income population seeking residential spaces that are elegant and equipped with smart technologies is a key factor driving regional business growth. Governments are also facing the challenge of restoring old buildings, which includes replacing the existing accessories and furniture pieces with energy-efficient ones. These obligations will accelerate the development of these furniture products that not only elevate the overall appearance of a space but also help end-users in reducing their energy bills.
Mergers & acquisitions emerge as a key strategy for luxury furniture market players
Some of the key participants in the industry include Kohler Inc, IKEA, Heritage Home, Knoll Inc, Cassina S.p.A., Illulian Luxury Rugs, Bentley Home, Furniture Concepts, Haworth Inc, and Godrej & Boyce Manufacturing Co. Ltd, among others. These organizations are inking partnerships and merger & acquisition deals, among other strategies, to enhance their competitive edge and expand their product range.
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Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 Luxury furniture industry 3600 synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Type trends
2.1.3 Distribution Channel trends
2.1.4 Regional trends
Chapter 3 Luxury furniture Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2018 – 2032
3.3 Industry ecosystem analysis
3.4 Key players of luxury furniture market
3.5 Technology & innovation landscape
3.6 Industry best practices & key buying criteria
3.7 Consumer buying behavior analysis
3.8 Regulatory landscape
3.9 Pricing analysis, by region (Effect of COVID-19)
3.10 Industry impact forces
3.10.1 Growth drivers
3.10.1.1 Change in consumer buying behavior due to transformation in living styles across the globe
3.10.1.2 Rising replacement of aging infrastructure
3.10.2 Industry pitfall & challenges
3.10.2.1 Limited availability of skilled labor to meet fluctuating consumer demand
3.10.2.2 Increasing cost and need to enhance supply chain visibility and efficiency
3.11 Growth potential analysis, 2022
3.12 Porter’s analysis
3.13 PESTEL analysis
3.14 Impact of COVID-19 on furniture industry by end-user
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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