Published Date : May 14, 2018
ALBANY, New York, May 14, 2018: A new research report recently added by MarketResearchReports.biz to its vast collection of market research reports, offers a detailed overview of the global luxury furniture market. The study, titled “Luxury Furniture Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022,” offers insights on the key segments, growth prospects, challenges, and the competitive landscape of the market.
The global luxury furniture market is projected to experience a healthy growth in the next few years, owing to the rising consumer awareness. The development of the distribution channels and the increasing disposable income of consumers are further projected to accelerate the growth of the global market in the next few years. The improving lifestyle of consumers and the rapid growth of the hospitality sector are some of the other factors that are likely to encourage the growth of the global luxury furniture market throughout the forecast period.
The global luxury furniture market has been categorized on the basis of material into metal, glass, leather, plastic, and wood. In terms of end user, the market has been divided into domestic buyers and commercial buyers. Furthermore, on the basis of distribution channels, the market has been classified into independent furniture retailers, departmental stores, online sales, and factory outlets. The research study offers a revenue comparison of the segments, market share, and the per year growth strategy. This is expected to help the readers to study the market in detail with clarity.
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On the basis of geography, the global luxury furniture market has been categorized into Western and Eastern Europe, the Middle East and Africa, Asia Pacific, Japan, Asia Pacific, and North America. As per the research study, Europe is projected to account for a large share of the global market in the next few years. The rising hospitality segment is expected to boost the demand for luxury furniture across the Middle East and Africa throughout the forecast period. Furthermore, Asia Pacific, on the other hand, is likely to offer promising growth opportunities for the market players. The high rate of urbanization and the increasing disposable income of consumers are the key factors encouraging the growth of the luxury furniture market in Asia Pacific. The rising contribution from China is another key factor driving the market.
The market research study offers a detailed study of the competitive landscape of the global luxury furniture market. It profiles the key players operating in the market, including Valderamobili, Nella Vetrina, Muebles Pico, Scavolini, Henredon Furniture Industries Inc., and Laura Ashley Folding Plc. The major developments and the research and development activities of the leading players have been mentioned in the research study. In addition to this, the marketing and business strategies, financial overview, and the company profiles of the players have been discussed thoroughly in the scope of the study.
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