The purpose of the report is to illustrate the state of the market of Luxury Furniture, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Luxury furniture are comprises of furniture manufactured with the help of high quality materials and refined process. It increases the aesthetic value of commercial as well as residential establishments. The rising disposable income and increasing purchasing power of households has stimulated the demand for luxury furniture all across the globe.
The global luxury furniture market is growing at a fast pace and is anticipated to attain significant growth over the next seven years till 2023. Escalating growth of real estate sector coupled increasing online shopping is expected to foster the growth of luxury furniture market over the period 2016-2023.
At present, Europe region captured the maximum share in revenue of luxury furniture market and is anticipated to dominate over the forecast period. Changing fashion and lifestyle along with rising urban population has strengthened the growth of the region over the past few years. Rising real estate development such as increasing number of residential and commercial buildings especially in India and China is anticipated to expand the growth of Asia Pacific luxury furniture market till 2023.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Luxury Furniture buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Luxury Furniture contains:
Analysis and forecast of Luxury Furniture market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Luxury Furniture market;
Assessment and forecast of Luxury Furniture market development;
Financial and business profiles of the leading companies in the Luxury Furniture industry.
– Up to date working Luxury Furniture data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Luxury Furniture for the period 2018 to 2026
– Planned Luxury Furniture additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Luxury Furniture projects by region, key countries, and companies
– Details of major planned Luxury Furniture projects in the world up to 2026
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