A recent global high end design furniture and market analysis provides a complete analysis of the industry in terms of market segmentation by type and by distribution channel. From 2019 to 2022, the Global High-End Design Furniture market grew at a 5.7% CAGR, reaching USD 44.76 Billion in 2022 and projected to hit USD 101.39 Billion by 2029.
The report delves into regional specifics (Americas, Europe, APAC, Middle East Africa) and 10 countries (United States, Canada, Brazil, Germany, United Kingdom, Italy, France, China, Japan, India), detailing market size, annual growth, competitive analysis, investment opportunities, and future demand. It also considers growth indicators, risks, and current and future trends driving market evolution.
Photo © Korn Vitthayanukarun | Dreamstime.com
Key insights
Leading the high-end design furniture market are prominent brands like Roche Bobois, Hermes International, Ralph Lauren Corporation, Poltrona Frau, Minotti, B&B Italia, Fendi Casa, Molteni, Cassina and Christopher Guy.
Urbanisation's impact has led to a demand surge for space-efficient, stylish furniture. Access to global design trends via the internet has further boosted this market. Economic growth has increased spending on luxurious furniture by affluent consumers. The widespread appreciation for aesthetically pleasing furniture has resulted in a heightened demand for unique, creatively designed pieces.
Higher disposable incomes and a growing middle class have expanded the market for high-quality, durable, and luxurious furniture. Manufacturers are innovating with customisable options to cater to individual preferences. Market trends are heavily influenced by affluent consumer tastes, prompting brands to continuously adapt by incorporating unique designs and materials to stand out.
Source: www.openpr.com