Luxury Furniture Market Size, Share, Trends, Growth and Future Demand 2024-2029

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The Global Luxury Furniture Market size is valued at around USD 27.65 billion in 2023 is estimated to grow at a CAGR of around 5.67% during the forecast period, i.e., 2024-2029.

Business

sales@marknteladvisors.com
+1 628 895 8081
GlobalLuxury
FurnitureMarket
ResearchReport(2024-2029)
5.67%
Cagr By 2029

Growth Projection
The Global Luxury Furniture Market size is
valued at around USD 27.65 billion in 2023
is estimated to grow at a CAGR of around
5.67% during the forecast period, i.e., 2024-
2029.

LeadingCompanies
01
03
05
07
02
04
06
08 BocaDoLobo
CassinaS.p.A.
KimballInternationalInc.
MargeCarson
FendiCasa
BrownJordanInc.
B&BItalia
Marioni

IndustryDrivingFactor
Increasing Development of Real Estate Sector to Escalate
Market Growth:
The key factors attributed to the rising service expansion are
the growth initiatives of the global economies such as India,
China, the UAE, Saudi Arabia, etc., to launch flexible FDI
policies, taxation relations, and minimum barriers on entry &
and exit, with an intent to boost their gross domestic
product (GDP) growth.
Therefore, global economies are witnessing an
accumulation in investments to expand new office spaces &
warehouses across numerous regions, which is expected to
enhance the market growth during 2024-2028.

Integration of Advanced Technology & Smart Features into
High-end Furniture Products:
the integration of furniture with smart homes enhances the
convenience and usability of luxury furniture, catering to tech-savvy
consumers across the globe. The biggest players in the luxury
furniture market such as Duresta, Herman Miller, Inc., etc. are
dynamically innovating in terms of production, design, and materials
to create unique furniture pieces that resonate with smart homes
globally.
IndustryLatestTrends

Recent Development
High-end Italian furnishings company Cassina SpA
announced the acquisition Zanotta, to upscale
furniture company. The company handles Zanotta
furniture segment and works towards generating the
greatest attention for it to grow worldwide in the
coming years.

T H A N K Y O U
sales@marknteladvisors.com
+1 628 895 8081

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Luxury Furniture Market Size, Share, Trends, Growth and Future Demand 2024-2029

1. sales@marknteladvisors.com +1 628 895 8081 GlobalLuxury FurnitureMarket ResearchReport(2024-2029) 5.67% Cagr By 2029

2. Growth Projection The Global Luxury Furniture Market size is valued at around USD 27.65 billion in 2023 is estimated to grow at a CAGR of around 5.67% during the forecast period, i.e., 2024- 2029.

3. LeadingCompanies 01 03 05 07 02 04 06 08 BocaDoLobo CassinaS.p.A. KimballInternationalInc. MargeCarson FendiCasa BrownJordanInc. B&BItalia Marioni

4. IndustryDrivingFactor Increasing Development of Real Estate Sector to Escalate Market Growth: The key factors attributed to the rising service expansion are the growth initiatives of the global economies such as India, China, the UAE, Saudi Arabia, etc., to launch flexible FDI policies, taxation relations, and minimum barriers on entry & and exit, with an intent to boost their gross domestic product (GDP) growth. Therefore, global economies are witnessing an accumulation in investments to expand new office spaces & warehouses across numerous regions, which is expected to enhance the market growth during 2024-2028.

5. Integration of Advanced Technology & Smart Features into High-end Furniture Products: the integration of furniture with smart homes enhances the convenience and usability of luxury furniture, catering to tech-savvy consumers across the globe. The biggest players in the luxury furniture market such as Duresta, Herman Miller, Inc., etc. are dynamically innovating in terms of production, design, and materials to create unique furniture pieces that resonate with smart homes globally. IndustryLatestTrends

6. Recent Development High-end Italian furnishings company Cassina SpA announced the acquisition Zanotta, to upscale furniture company. The company handles Zanotta furniture segment and works towards generating the greatest attention for it to grow worldwide in the coming years.

7. T H A N K Y O U sales@marknteladvisors.com +1 628 895 8081

Luxury Furniture Market Size, Share, Trends, Growth and Future Demand 2024-2029

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