Allied Market Research lately published a report titled luxury furniture market. The market is expected to garner a whopping $27.01 billion by 2022 registering a compound annual growth rate of 4.1% in the period of 2015–2020.
Portland, OR -- (SBWIRE) -- 09/05/2017 -- The Luxury Furniture Market is expected to garner a whopping $27.01 billion by 2022 registering a compound annual growth rate of 4.1% in the period of 2015–2020. The research sheds light on the key market segments, key market benefits, and various research methods untaken to conduct this study.
The executive summary consists of the market scenario beyond 2025 including base case, optimistic and critical scenario. The market overview contains a descriptive insight on market definitions and scope, key findings, Porter's Five Force analysis, value chain analysis and various market dynamics. The key findings include factors that impact luxury furniture market, top investment pockets, and top winning strategies. The Porter's Five Force analysis mentions about the rivalries due to equal size of competitors, low brand loyalty coupled with the threat from new entrants, bargaining power of suppliers and buyers.
Factors such as high disposable income, rapid urbanization, the boom in real estate projects, dynamic lifestyles of people have been identified as the drivers. The increase in online retails and innovations in multifunctional furniture are the opportunities whereas lack of skilled workforce and the high cost of raw materials have been identified as the restraints.
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The report segregates luxury furniture on the basis of materials and on the basis of use. Topics such as Key market trends, competitive scenario, important factors and growth, market size and forecast have been mentioned for each of the materials. The materials include metal, wood, plastic, glass, and leather. Similar segmented topics have been touched for 'market by end use–residential and commercial'.
Geographical segmentation is offered for North America, Asia-Pacific, Europe, and LAMEA (Latin America and Middle East Asia). North America has been gaining a momentum and will continue to influence the global luxury furniture market. Despite challenges, the regions in North America has a population with high disposable income. China, from Asia¬-Pacific region has been identified as the region with the maximum potential to augment the market. Due to fast urbanization and rapid development, China will vehemently uplift the market.
The key players profiled in the segment are Duresta Upholstery Ltd, Muebles Pico, Valderamobili, Giovanni Visentin, Scavolini, Laura Ashley, Iola Furniture Ltd, Nella Vetrina, Henredon Furniture Industries Inc, Turri S.R.L. Each of the brands has a company profile, company snapshot, and SWOT analysis done in the report.
This comprehensive research will be highly informative for marketers, key players and investors who are planning to make an investment in the luxury furniture market. The insights, important facts, and figures, competitive strategies and plans will prove beneficial for the players. The deep and informed analysis made will facilitate the market players to focus on the potential areas and boost their business.
Key Points to Be Noted from Luxury Furniture Market:
- Detailed assessments made will help readers critically analyze the profitable segments and lucrative investment pockets
- The market research on luxury furniture provides insights on opportunities, restraints, and drivers in the forecast period
- The company overview of each of the market players outlines their financial foothold, their strategies and plans, and their area of expertise. It also sheds light on each of their business plan developments.
- Porter's Five Force analyses the competition level within enterprises and illustrates the functioning of buyers and suppliers in the market.
- Value chain analysis provides a clear understanding of the role of stakeholders in the value chain.
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