North America Luxury Furniture Market is expected to reach US$ XX Billion by 2026 from US$ XX Billion in 2019 at CAGR of 3.9%.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Luxury furniture improves the appealing value of establishments like homes, hotels, offices, and other inside or outside areas. The surge in spending capacity of the consumers and real estate sector are the crucial growth facilitators of the North America luxury furniture market. Consumers in the region are tending towards environmentally friendly furniture on account of the rise in environmental consciousness. Furthermore, online retailing and the increase in demand of multifunctional furniture present substantial opportunities for the growth of the North America luxury furniture market. On the other hand, increase in cost of raw materials, like wood and leather may restrain the growth of the North America luxury furniture market.
In terms of the material, the luxury furniture market is separated into Glass, Metal, Plastic, Leather, and Wood. The wood segment is expected to hold the largest market share of the luxury furniture market throughout the forecast period because of wooden furniture is used for their attractive natural look. Also, furniture key players are presenting materials in the design of luxury furniture like metal, leather, glass as a substitute of wood.
By distribution channel, the luxury furniture market is distributed into departmental stores, online sales, independent furniture retailers, and Factory Outlets. Among, online sales segment is expected to grow at highest CAGR in the luxury furniture market. Online retailing offers more discounts and varied options to purchase the furniture. The online platform becomes popular on account of that it provides the delivery to the doorstep by order of products. With an online platform, a consumer can compare the price of luxury furniture on different websites. Online platforms provide the home delivery & free shipping and Exchange & return offer turns to surge the luxury furniture market.
By the end user, the luxury furniture market is separated into commercial and domestic. Domestic segment is expected to witness high growth in the luxury furniture market because of increasing demand in the array of domestic applications like bedroom, bathroom, kitchen, lighting, outdoor and others. Additionally, the commercial segment is expected to grow in the luxury furniture market in the future.
Country-wise, the US is expected to hold the large market share of the market due to the increasing the demand for luxury furniture for the modern lifestyle and improving economic conditions in this country. Followed by Canada.
The objective of the report is to present comprehensive analysis of North America Luxury Furniture Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding North America Luxury Furniture Market dynamics, structure by analyzing the market segments, and project the North America Luxury Furniture Market size. Clear representation of competitive analysis of key players By Distribution Channel, Type, and regional presence in the North America Luxury Furniture Market make the report investor’s guide.
Key player’s studies, analyzed, profiled and benchmarked in luxury furniture market are Brown Jordan, Century Furniture LLC, Kindel Furniture Company, Cococo Home, Kimberly- Clark Corporation, Unicharm, Bumkins, Svenska Cellulosa Aktiebolaget Company, Hengan, American Baby Company, Procter & Gamble Company (P&G), Kao Corporation, and Gilani Furniture
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North America Luxury Furniture Market, by Material
• Glass
• Metal
• Plastic
• Leather
• Wood
North America Luxury Furniture Market, by Distribution Channel
• Departmental Stores
• Online Sales
• Independent Furniture Retailers
• Factory Outlets
North America Luxury Furniture Market, by End User
• Commercial
• Domestic
North America Luxury Furniture Market, by Country
• US
• Canada
Key Players, North America Luxury Furniture Market
• Brown Jordan
• Century Furniture LLC
• Kindel Furniture Company
• Cococo Home
• Kimberly- Clark Corporation
• Unicharm
• Bumkins
• Svenska Cellulosa Aktiebolaget Company
• Hengan
• American Baby Company
• Procter & Gamble Company (P&G)
• Kao Corporation
• Gilani Furniture
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