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Global Luxury Furniture Size, Share, Trends and Forecast 2016

  • Date Submitted: 05/24/2016 12:19 AM
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Global Luxury Furniture Market Share, Size, Trends, Analysis, Overview, Competitive Scenario and Forecasts, 2015-2019

Global luxury furniture: Market outlook
With change in lifestyle and growth in the economy, people are constantly enhancing their living and work environment, hence the adoption of products such as luxury furniture is on the rise. Luxury furniture is undergoing rapid modifications, wherein vendors are coming up with various striking new designs and collaborating with interior designers to increase their visibility to capture high customer base.

According to Technavio analysts, the global luxury furniture market is expected to grow at a CAGR of over 4% during the forecast period. In terms of geography, Europe represented the largest market for luxury furniture. The market in developed countries is growing at a moderate rate, however, the growth in developing countries such as China and India has been significantly high and promising. One major trend motivating the market growth is the advent of eco-friendly furniture, which is driven by the growing environmental concerns that have driven the furniture vendors to go green.

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With a contribution of almost 50%, monobrand stores dominated the global luxury furniture market. The international appearance and touch of these spacious stores attracts the target consumers by projecting a fitting brand image.

Competitive landscape and key vendors
The global luxury furniture market is marked by the presence of well-diversified international and regional vendors. However, regional players are finding it difficult to compete with international players in terms of technology and pricing.

Table of Content

PART 01: Executive summary
• Highlights

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PART 02: Scope of the report
• Market overview
• Top-vendor...

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