DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/kdrbw5/luxury_furniture) has announced the addition of the "Luxury Furniture Market Analysis By Material (Wood, Metal, Glass, Leather, Plastic), By End-use (Living Room, Bedroom, Kitchen, Outdoor, Bathroom, Hospitality, Office) And Segment Forecasts To 2022" report to their offering.
Global luxury furniture market is expected to reach USD 28,600.7 million by 2022 growing at an estimated CAGR of 3.7% from 2015 to 2022. This expected growth in demand can be ascribed to rapid urbanization and growing demand for home furnishings.
Additionally, disposable income of individuals in North America and Asia-Pacific region has also witnessed high growth. Thus, increasing disposable income of individuals is acting as a major driver for the industry progress.
Luxurious products are becoming an essential part of life; as a result, population is ready to spend on luxurious products. This would contribute to drive the sector growth. In addition, increasing disposable income of individuals has led to think regarding the social status, driving the increased spending on products including furniture.
Operating entities of this sector are involved in usage of e-commerce platforms to reduce the operating expenses. Use of alternative business models rather than the conventional business models is adopted by the market players in order to maintain their market share.
- Duresta Upholstery Ltd
- Muebles Pico
- Valderamobili Srl
- Giovanni Visentin Srl
- Scavolini Spa
- Laura Ashley Holding Plc
- Iola Furniture Ltd
- Nella Vetrina
- Henredon Furniture Industries Inc
- Turri Srl
1 Methodology and Scope
2 Executive Summary
3 Luxury Furniture Industry Outlook
4 Luxury Furniture Outlook by Material
5 Luxury Furniture Outlook by End-use
6 Luxury Furniture Regional Outlook
7 Competitive Landscape
For more information visit http://www.researchandmarkets.com/research/kdrbw5/luxury_furniture