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Luxury Furniture Market Share

Report ID: GMI5034
Published Date: Jul 2024
Report Format: PDF

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Luxury Furniture Market Share

The global market is fragmented in nature, with prominent players such as Kubota Corporation, Briggs & Stratton Corporation, Kawasaki Heavy Industries, Ltd., Kohler Co., Yanmar Co., Ltd. and Honda Motor Co., Ltd. accounting for ~10% of the market share. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaboration, to consolidate their market position and meet the growing consumer demand.

Luxury Furniture Market Companies

Major players operating in the luxury furniture industry include:

Bentley Home
Boca do Lobo
cassina
Furniture Concepts
Godrej & Boyce Manufacturing Co. Ltd.
Haworth Inc
Heritage Home
Herman Miller, Inc.
HNI
IKEA
Illulian Luxury Rugs
Knoll, Inc.
Kohler Inc
MARIONI
Renaissance furniture
Urban Office

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global industry size for luxury furniture was valued at USD 23.9 billion in 2023 and is anticipated to register 4.5% CAGR between 2024 and 2032 due to the rising construction activities and increasing disposable incomes.

The chair segment in the luxury furniture market is expected to record 4.6% CAGR from 2024 to 2032, owing to the demand for luxury, ergonomic chairs, and increasing remote work.

Europe market size is predicted to witness 4.3% CAGR through 2032 due to its craftsmanship, design expertise, and high-quality materials.

Bentley Home, Boca do Lobo, cassina, Furniture Concepts, Godrej & Boyce Manufacturing Co. Ltd., Haworth Inc, Heritage Home, Herman Miller, Inc., HNI, IKEA, and Illulian Luxury Rugs, among others.