Luxury Furniture Market Outlook 2030: Leading Companies & Share Insights

 


Luxury Furniture Market Size & Insights

The Global Luxury Furniture Market  size was valued at around USD 29.13 billion in 2024 and is projected to reach USD 40.69 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.73% during the forecast period, ie, 2025-30.           

The Luxury Furniture Market is significantly growing due to several growth factors, including the rapidly growing gaming industry, the rising demand for electronic devices, including TVs, smartphones, monitors, wearables, etc., the infrastructural development & expansion of production facilities, and the integration of artificial intelligence in Luxury Furniture. 

What are the Key DRO in the  Luxury Furniture  Market

Expanding Real Estate Sector to Escalate Market Growth –  During the historical years, the consistent growth of the real estate sector, especially in the luxury and upscale property segment, significantly contributed to the increased demand for high-end furniture in both residential and commercial spaces. In addition, the expansion of service-based industries, such as ICT, telecommunication, etc., has widely supported the demand for luxurious furniture. The key factors attributed to the rising service expansion are the growth initiatives of the global economies, such as India, China, the UAE, Saudi Arabia, etc., to launch flexible FDI policies, taxation relations, and minimum barriers on entry and exit, with an intention to boost their gross domestic product (GDP) growth. Therefore, global economies are witnessing an accumulation of investments to expand new office spaces & warehouses across numerous regions, which is expected to enhance the luxury furniture industry growth.

What are the Key Segments in the Luxury Furniture Market?

The Luxury Furniture is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

-By Type of Furniture

  • Bed-Market Size & Forecast 2020-2030, (USD Million)
  • Sofa & Couch- Market Size & Forecast 2020-2030, (USD Million)
  • Table & Desk- Market Size & Forecast 2020-2030, (USD Million)
  • Chair & Stool- Market Size & Forecast 2020-2030, (USD Million)
  • Wardrobes & Dresser- Market Size & Forecast 2020-2030, (USD Million)
  • Cabinets & Nightstand- Market Size & Forecast 2020-2030, (USD Million)
  • Others- Market Size & Forecast 2020-2030, (USD Million)

-By Distribution Channel

  • Direct Sales- Market Size & Forecast 2020-2030, (USD Million)
  • Indirect Sales- Market Size & Forecast 2020-2030, (USD Million)
  • Online Platform- Market Size & Forecast 2020-2030, (USD Million)

-By End User

  • Residential- Market Size & Forecast 2020-2030, (USD Million)
  • Offices- Market Size & Forecast 2020-2030, (USD Million)
  • Commercial & Retail- Market Size & Forecast 2020-2030, (USD Million)
  • Hospitality- Market Size & Forecast 2020-2030, (USD Million)
  • Others (Government Agencies, etc.)- Market Size & Forecast 2020-2030, (USD Million)

-By Type

  • Indoor Furniture
  • Outdoor Furniture

Of them all, the outdoor furniture segment holds a substantial market share, nearly 57% in the Global Luxury Furniture Market.

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-By Material

  • Wood
  • Plastic
  • Leather
  • Others (Glass, Metal, etc.)

The high durability and aesthetic design offered by wooden materials in the luxury furniture industry positively supported the growth of the wood segment during the historical years.

How does geographical analysis highlight in the Saudi Arabia Online Grocery Delivery market?

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Geographically, Asia-Pacific accounted for a considerable luxury furniture market share during the forecasted years, around 38%, due to the rapid development of residential and commercial properties.

Who are the Key Players in Luxury Furniture Market?

  • Cassina SpA
  • Kimball International Inc.
  • Marge Carson
  • Fendi Casa
  • Brown Jordan Inc.
  • Marioni
  • Duresta
  • Bentley Home
  • Natuzzi
  • Haworth, Inc.
  • West Elm
  • Maiden Home
  • Maiden Home
  • Others

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Luxury Furniture Market News

2025, Natuzzi  showcased its “Rooted in Harmony” theme at Milan Design Week, debuting luxury furniture collections such as Memoria, Habita, Amama, Pagoda, and Valzer. Designed by leading creatives like Karim Rashid, Andrea Steidl, Mauro Lipparini, and Marcantonio. The collections reflected Natuzzi's commitment to harmonizing Italian design heritage with contemporary innovation and sustainability-driven craftsmanship.

Key pillars of the research methodology include:

  • Scope & Research Design  – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.
  • Sample Selection & Data Collection  – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.
  • Data Analysis & Validation  – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
  • Forecasting & Finalization  – Predictive modeling and time-series analysis anticipating future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

“Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide,”  said a spokesperson for MarkNtel Advisors.

Why This MarkNtel Advisors Research Report:

  • In-depth Market Analysis : Understand trends and dynamics shaping growth.
  • Segmented Insights : Target specific segments for focused strategies.
  • Geographical Performance : Assess market opportunities by geographic area.
  • Emerging Technologies : Discover advancements like AI integration.
  • Risk Identification : Pinpoint challenges to inform strategic planning.
  • Future Forecasts : Prepare for market changes with actionable projections.

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