Published by IMARC Services Private Limited
Posted on September 24, 2021
4 min readLast updated: February 2, 2026
The luxury furniture market is set to grow at a 5% CAGR from 2021-2026, driven by real estate growth and rising disposable incomes.
According to the latest report by IMARC Group, titled “Luxury Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global luxury furniture market reached a value of US$ 25.4 Billion in 2020. Looking forward, IMARC Group expects the global luxury furniture market is expected to grow at a CAGR of around 5% during 2021-2026.
Luxury furniture refers to the movable pieces of furniture made and designed with expert craftsmanship, high-quality material, and zero margins for error. Luxury furniture enhances the interior aesthetic value of residential and commercial establishments, such as hotels, offices, restaurants, and other outdoor and indoor spaces.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Luxury Furniture Market Trends:
Considerable growth in the real estate industry is primarily driving the demand for luxury furniture across both the residential and commercial sectors. Furthermore, the inflating disposable incomes have inclined the consumers towards purchasing luxury items that act as a status symbol and add value to space, thereby catalyzing the global luxury furniture market. Additionally, the growing working women population leading to the increasing financial independence is also propelling the demand for luxury furniture. Various other factors, including the emergence of eco-friendly luxury furniture, elevating levels of globalization, and rising number of modern housing infrastructures, are expected to further drive the global market for luxury furniture in the coming years.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Breakup by Application:
Breakup by Raw Material:
Breakup by Distribution Channel:
Breakup by Design:
Breakup by Region:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Read Latest Market Research Blog 2021-2026: https://globalresearchimarc.hatenablog.com/
Latest Market Research Reports by IMARC Group (2021-2026):
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The article discusses the growth and trends in the global luxury furniture market from 2021 to 2026.
Growth in real estate, rising disposable incomes, and eco-friendly furniture trends are key drivers.
Key players include Duresta Upholstery, Scavolini S.p.A., and Williams-Sonoma, Inc.
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