Searching for your content…
Phone
+44 (0)20 7454 5110 from 8 AM – 5:30 PM GMT
Contact Us
+44 (0)20 7454 5110
from 8 AM – 5:30 PM GMT
News provided by
23 Jun, 2022, 02:30 BST
Share this article
ALBANY, N.Y., June 22, 2022 /PRNewswire/ — The luxury furniture market size has expanded on the back of growing proclivity of premium home improvement products that are a combination of aesthetics, durability, and made of eco-friendly materials. Top luxury furniture manufacturers have reaped vast revenue gains from rise in demand in commercial facilities including but not limited to hotels and restaurants. Advancing at CAGR of 5.2% from 2022 to 2031 (forecast period), the global luxury furniture market is projected to surpass US$ 38.9 Bn by 2031.
Most prominent manufacturers are increasingly focusing on strengthening their distribution channels, mainly by increasing their emphasis on online retailing. Luxury furniture market statistics 2022 suggest that expanding e-commerce industry is imparting robust impetus to the expansion of the luxury furniture market. Key players are expected to benefit from the popularity of luxury furniture among customers in emerging economies, and have witnessed sizable prospects in the hospitality industry.
The continuing expansion of hypermarkets and supermarkets has boosted the prospects of the luxury furniture market. A growing number of players are leaning on unveiling new designs and are adopting innovative promotional mix strategies to attract demand. Many global furniture manufacturers are keen on promoting luxurious experience as a key customer proposition.
Get PDF Brochure for More Insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10688
Key Findings of Luxury Furniture Market Study
Request Sample Report at – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10688
Luxury Furniture Market: Key Drivers
Get COVID-19 Impact Analysis at – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=10688
Luxury Furniture Market: Regional Growth Dynamics
Make an Enquiry before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=10688
Luxury Furniture Market: Key Players
Some of the key players in the market are Heritage Home Group LLC., Giovanni Visentin srl, Turri S.r.l, Iola Furniture Ltd, Cassina S.p.A, Muebles Pico, and Nella Vetrina.
Luxury Furniture Market Segmentation
Regions Covered
Countries
Browse Latest Consumer Goods & Services Industry Research Reports by TMR
Outdoor Furniture Market – The outdoor furniture market accounted over US$ 17 Bn in 2020, which is expected to expand at a CAGR of 6% in terms of value during the forecast
Online Home Decor Market – The online home decor market accounted for US$ 151.1 Mn in 2019, which is expected to expand at a CAGR of ~8% in terms of value throughout the forecast period
Kids Furniture Market – The kids furniture market is estimated to exceed US$ 109 Bn in 2019, and expand at a CAGR of ~6% in terms of value during the forecast period
Online Premium Home Improvement Market – The North America online premium home improvement market is expected to cross value of US$ 1 Bn by the end of 2031, expand at a CAGR of 6.2% from 2022 to 2031
Premium Range High Chair Market – The global premium range high chair market is expected to surpass the value of US$ 368.2 Mn by the end of 2031, expand at a CAGR of 4.7% from 2021 to 2031
Midrange High Chair Market – The global midrange high chair market is expected to cross the value of US$ 661.2 Mn by the end of 2031, expand at a CAGR of 5.5% from 2021 to 2031
Outdoor Structures & Beach Chair/Camping Chair Market – North America outdoor structures & beach chair/camping chair market is estimated to reach the value of US$ 3 Bn by 2030, expanding at a CAGR of ~5% during the forecast period
Luxury Hotels Market – luxury hotels market is expected to exceed the value of US$ 304.6 Bn by the end of 2031, it is estimated to expand at a CAGR of 6.2% from 2021 to 2031
About Transparency Market Research
Transparency Market Research is a global market research company providing business custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel – https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg
SOURCE Transparency Market Research
+44 (0)20 7454 5110
from 8 AM – 5:30 PM GMT
Charge phone battery in 9 min! Oppo smartphone may get MASSIVE 240W charging support – HT Tech
Copyright © HT Media Limited All rights reserved. The charging technology has seen massive progress being made in the last couple of years. From the
