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2016
Asia-pacific Luxury Furniture Market

Asia-Pacific Luxury Furniture Market

by Material (Metal, Plastic, Wood, Glass, Leather) and End Use (Domestic, Commercial) - Opportunity Analysis and Industry Forecast, 2014 - 2020

Report Code: A00994
Mar 2016 | Pages: 96
Tables: 40
Charts: 19
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Asia-Pacific Luxury Furniture Industry Overview:

Asia-Pacific luxury furniture market is expected to garner $5.4 billion by 2020, registering CAGR of 6.2% during the forecast period 2015 - 2020.

Asia-Pacific Luxury Furniture Market

Furniture is required to decor the interiors and exteriors in homes, hotels and offices. The quality of material used, aesthetic value, comparative price, and sophistication in design are some of the key factors that differentiate luxury furniture from non-luxury furniture. The consumers in Asia-Pacific have witnessed increase in the disposable income due to the slow but steady improvement in economic conditions of various countries in the Asia-Pacific region. Also, real-estate and construction industry is expected to grow substantially in this region. In addition to this, urbanization and improving lifestyles of individuals, are some of the important factors responsible for the prominent growth of the Asia-Pacific luxury furniture market. However, factors such as increasing cost of raw materials, specifically that of wood and leather, would limit the Asia-Pacific luxury furniture market growth. Opportunities for the market can be, online retailing and the increasing demand of multifunctional furniture.

Asia-Pacific Luxury Furniture Market

Asia-Pacific Luxury Furniture Market Segmentation

The Asia-Pacific luxury furniture market is analyzed, based on material, end-user, and country. Major product types include metal, wood, plastic, glass and leather. On the basis of end use, the market has been segmented into domestic and commercial sector. Domestic end-use market is further sub-segmented into kitchen, living & bedroom, bathroom, outdoors and lighting. Similarly, the commercial segment has been further categorized into office, hospitality and other commercial sectors. The domestic segment has dominated the market owing to the extensive use of luxury furniture in homes. Within the domestic segment, a significant portion of the market share is contributed by living and bedroom furniture and is estimated to be the largest segment throughout the analysis period. Also, the hospitality sector has accounted for largest market share in commercial segment and is expected to grow at an exponential rate over the forecast period. The Asia-Pacific luxury furniture market is segmented across as China, India, Singapore, Malaysia, Japan and rest of Asia-Pacific. India would witness the fastest growth in the forecast period, followed by china.

Asia-Pacific Luxury Furniture Market

The key players in the Asia-Pacific luxury furniture market include JL&C Furniture Co. Ltd., PT. Wirasindo Santakarya, McMichael furniture, Kovacs Design furniture, De Bruin-Judge Furniture Ltd., De Bruin-Judge Furniture Ltd., Dynamic Furniture Industries (M) Sdn Bhd, Far fast furniture, Falcon Incorporation PTE Ltd., Shanghai Casagi Furniture Ltd. and Wegmans Furniture Industries Sdn Bhd.

Asia-Pacific Luxury Furniture Market

Key Benefits

  • The research report provides an in-depth analysis of the Asia-Pacific luxury furniture market with current and future trends to elucidate the imminent investment pockets in the market.
  • Current and future trends have been outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
  • The report provides information regarding key drivers, restraints and opportunities with impact analysis.
  • Quantitative analysis of the current market and estimations during the period of 20152020 have been provided to highlight the financial caliber of the market.
  • Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
  • Porters five forces model analysis of the industry illustrates the potency of the buyers and suppliers participating in the Asia-Pacific luxury furniture market.

Asia-Pacific Luxury Furniture Market Report Highlights

Aspects Details
By Material
  • Metal
  • Wood
  • Plastic
  • Glass
  • Leather
  • Others
By End Use
  • Domestic Use
    • Kitchen
    • Living and Bedroom
    • Bathroom
    • Outdoor
    • Lighting
  • Commercial Use
    • Office
    • Hospitality
    • Others
By Country
  • China
  • India
  • Singapore
  • Malaysia
  • Japan
  • Rest of Asia-Pacific
Key Market Players Far East Furniture, Wegmans Furniture Industries Sdn Bhd., Shanghai JL&C Furniture Co., Ltd., PT. Wirasindo Santakarya, McMichael Furniture, De Bruin-Judge Furniture Ltd. (DBJ), Dynamic Furniture Industries (M) Sdn Bhd, Falcon Incorporation PTE Ltd., Shanghai Casagi Furniture Ltd., Kovacs Design Furniture
 

Table of Contents

CHAPTER 1 INTRODUCTION

1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology

1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools and Models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO Perspective
2.2 Executive Summary
2.3 Market Beyond: What to Expect by 2025

2.3.1 Base Case Scenario
2.3.2 Optimistic Scenario
2.3.3 Critical Scenario

CHAPTER 3 MARKET OVERVIEW

3.1 Market Definition and Scope
3.2 Key Findings

3.2.1 Top Impacting Factors
3.2.2 Top Investment Pockets
3.2.3 Top Winning Strategies

3.3 Porters Five Forces Analysis

3.3.1 Equal Size of Competitors Leads to High Rivalry
3.3.2 Low Brand Loyalty Creates High Threats of New Entrants
3.3.3 Low Feasibility Of Alternatives Leads to Low Threats of Substitutes
3.3.4 Low Product Differentiation Lowers the Bargaining Power of Suppliers
3.3.5 Presence of large Number of Competitors Leads to High Bargaining Power of Buyers

3.4 Value Chain Analysis
3.5 Market Dynamics

3.5.1 Drivers

3.5.1.1 Increasing Disposable Income
3.5.1.2 Rapid Urbanization
3.5.1.3 Growth in Real Estate Industry
3.5.1.4 Improving Life Style of Individuals

3.5.2 Restraints

3.5.2.1 Lack of Skilled Workforce
3.5.2.2 Increasing Cost of Raw Materials

3.5.3 Opportunity

3.5.3.1 Increasing Online Retailing
3.5.3.2 Development of Multifunctional Furniture

CHAPTER 4 BY MATERIAL

4.1 Introduction

4.1.1 Market Size and Forecast

4.2 Metal

4.2.1 Key Market Trends
4.2.2 Competitive Scenario
4.2.3 Key Growth Factors and Opportunities
4.2.4 Market Size and Forecast

4.3 Wood

4.3.1 Key Market Trends
4.3.2 Competitive Scenario
4.3.3 Key Growth Factors and Opportunities
4.3.4 Market Size and Forecast

4.4 Plastic

4.4.1 Key Market Trends
4.4.2 Competitive Scenario
4.4.3 Key Growth Factors and Opportunities
4.4.4 Market Size and Forecast

4.5 Glass

4.5.1 Key Market Trends
4.5.2 Competitive Scenario
4.5.3 Key Growth Factors and Opportunities
4.5.4 Market Size and Forecast

4.6 Leather

4.6.1 Key Market Trends
4.6.2 Competitive Scenario
4.6.3 Key Growth Factors and Opportunities
4.6.4 Market Size and Forecast

4.7 Others

4.7.1 Key Market Trends
4.7.2 Competitive Scenario
4.7.3 Key Growth Factors and Opportunities
4.7.4 Market Size and Forecast

CHAPTER 5 BY END USE

5.1 Introduction

5.1.1 Market Size and Forecast

5.2 Domestic Use

5.2.1 Key Market Trends
5.2.2 Competitive Scenario
5.2.3 Key Growth Factors and Opportunities
5.2.4 Market Size and Forecast

5.2.5 Kitchen

5.2.5.1 Key Market Trends
5.2.5.2 Competitive Scenario
5.2.5.3 Key Growth Factors and Opportunities
5.2.5.4 Market Size and Forecast

5.2.6 Living and Bedroom

5.2.6.1 Key Market Trends
5.2.6.2 Competitive Scenario
5.2.6.3 Key Growth Factors and Opportunities
5.2.6.4 Market Size and Forecast

5.2.7 Bathroom

5.2.7.1 Key Market Trends
5.2.7.2 Competitive Scenario
5.2.7.3 Key Growth Factors and Opportunities
5.2.7.4 Market Size and Forecast

5.2.8 Outdoor

5.2.8.1 Key Market Trends
5.2.8.2 Competitive Scenario
5.2.8.3 Key Growth Factors and Opportunities
5.2.8.4 Market Size and Forecast

5.2.9 Lighting

5.2.9.1 Key Market Trends
5.2.9.2 Competitive Scenario
5.2.9.3 Key Growth Factors and Opportunities
5.2.9.4 Market Size and Forecast

5.3 Commercial Use

5.3.1 Key Market Trends
5.3.2 Key Growth Factors and Opportunities
5.3.3 Market Size and Forecast
5.3.4 Office

5.3.4.1 Key Market Trends
5.3.4.2 Key Growth Factors and Opportunities
5.3.4.3 Market Size and Forecast

5.3.5 Hospitality

5.3.5.1 Key Market Trends
5.3.5.2 Key Growth Factors and Opportunities
5.3.5.3 Market Size and Forecast

5.3.6 Others

5.3.6.1 Key Market Trends
5.3.6.2 Key Growth Factors and Opportunities
5.3.6.3 Market Size and Forecast

CHAPTER 6 BY COUNTRY

6.1 China

6.1.1 Key Market Trends
6.1.2 Competitive Scenario
6.1.3 Key Growth Factors and Opportunities
6.1.4 Market Size and Forecast

6.2 India

6.2.1 Key Market Trends
6.2.2 Competitive Scenario
6.2.3 Key Growth Factors and Opportunities
6.2.4 Market Size and Forecast

6.3 Singapore

6.3.1 Key Market Trends
6.3.2 Competitive Scenario
6.3.3 Key Growth Factors and Opportunities
6.3.4 Market Size and Forecast

6.4 Malaysia

6.4.1 Key Market Trends
6.4.2 Competitive Scenario
6.4.3 Key Growth Factors and Opportunities
6.4.4 Market Size and Forecast

6.5 Japan

6.5.1 Key Market Trends
6.5.2 Competitive Scenario
6.5.3 Key Growth Factors and Opportunities
6.5.4 Market Size and Forecast

6.6 Rest of Asia-Pacific

6.6.1 Key Market Trends
6.6.2 Competitive Scenario
6.6.3 Key Growth Factors and Opportunities
6.6.4 Market Size and Forecast

CHAPTER 7 COMPANY PROFILE

7.1 Shanghai JL&C Furniture Co., Ltd.

7.1.1 Company Overview
7.1.2 Company Snapshot
7.1.3 SWOT Analysis of Shanghai JL&C Furniture Co. Ltd.

7.2 PT. Wirasindo Santakarya

7.2.1 Company Overview
7.2.2 Company Snapshot
7.2.3 SWOT Analysis of PT. Wirasindo Santakarya

7.3 McMichael Furniture

7.3.1 Company Overview
7.3.2 Company Snapshot
7.3.3 SWOT Analysis of McMichael furniture

7.4 Kovacs Design Furniture

7.4.1 Company Overview
7.4.2 Company Snapshot
7.4.3 SWOT Analysis of Kovacs Design Furniture

7.5 De Bruin-Judge Furniture Ltd. (DBJ)

7.5.1 Company Overview
7.5.2 Company Snapshot
7.5.3 SWOT Analysis of De Bruin-Judge Furniture Ltd.

7.6 Dynamic Furniture Industries (M) Sdn Bhd

7.6.1 Company Overview
7.6.2 Company Snapshot
7.6.3 SWOT Analysis of Dynamic Furniture Industries (M) Sdn Bhd

7.7 Far East Furniture

7.7.1 Company Overview
7.7.2 Company Snapshot
7.7.3 SWOT Analysis of Far Fast furniture

7.8 Falcon Incorporation PTE Ltd.

7.8.1 Company Overview
7.8.2 Company Snapshot
7.8.3 SWOT Analysis of Falcon Incorporation PTE Ltd.

7.9 Shanghai Casagi Furniture Ltd.

7.9.1 Company Overview
7.9.2 Company Snapshot
7.9.3 SWOT Analysis of Shanghai Casagi Furniture Ltd.

7.10 Wegmans Furniture Industries Sdn Bhd.

7.10.1 Company Overview
7.10.2 Company Snapshot
7.10.3 SWOT Analysis of Wegmans Furniture Industries Sdn Bhd.

LIST OF TABLES

TABLE 1 APAC LUXURY FURNITURE MARKET REVENUE BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 2 APAC LUXURY FURNITURE BASE CASE SCENARIO MARKET REVENUE BY COUNTRY, 2020-2025 ($MILLION)
TABLE 3 APAC LUXURY FURNITURE OPTIMISTIC CASE SCENARIO MARKET REVENUE BY COUNTRY, 2020-2025 ($MILLION)
TABLE 4 APAC LUXURY FURNITURE CRITICAL CASE SCENARIO MARKET REVENUE BY GEOGRAPHY, 2020-2025 ($MILLION)
TABLE 5 APAC LUXURY FURNITURE MARKET BY MATERIAL, 2014-2020 ($MILLION)
TABLE 6 APAC LUXURY FURNITURE METAL MATERIAL MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 7 APAC LUXURY FURNITURE WOOD MATERIAL MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 8 APAC LUXURY FURNITURE PLASTIC MATERIAL MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 9 APAC LUXURY FURNITURE GLASS MATERIAL MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 10 APAC LUXURY FURNITURE LEATHER MATERIAL MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 11 APAC LUXURY FURNITURE OTHERS MATERIAL MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 12 APAC LUXURY FURNITURE MARKET BY END USE, 2014-2020 ($MILLION)
TABLE 13 APAC LUXURY FURNITURE DOMESTIC-USE MARKET BY TYPE, 2014-2020 ($MILLION)
TABLE 14 APAC LUXURY FURNITURE DOMESTIC-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 15 APAC LUXURY FURNITURE KITCHEN-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 16 APAC LUXURY FURNITURE LIVING AND BEDROOM-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 17 APAC LUXURY FURNITURE BATHROOM-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 18 APAC LUXURY FURNITURE OUTDOOR-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 19 APAC LUXURY FURNITURE LIGHTING-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 20 APAC LUXURY FURNITURE COMMERCIAL-USE MARKET BY TYPE, 2014-2020 ($MILLION)
TABLE 21 APAC LUXURY FURNITURE COMMERCIAL-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 22 APAC LUXURY FURNITURE OFFICE-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 23 APAC LUXURY FURNITURE HOSPITALITY-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 24 APAC LUXURY FURNITURE OTHERS-USE MARKET BY COUNTRY, 2014-2020 ($MILLION)
TABLE 25 LUXURY FURNITURE MARKET IN CHINA BY MATERIAL, 2014-2020 ($MILLION)
TABLE 26 LUXURY FURNITURE MARKET IN INDIA BY MATERIAL, 2014-2020 ($MILLION)
TABLE 27 LUXURY FURNITURE MARKET IN SINGAPORE BY MATERIAL, 2014-2020 ($MILLION)
TABLE 28 LUXURY FURNITURE MARKET IN MALAYSIA BY MATERIAL, 2014-2020 ($MILLION)
TABLE 29 LUXURY FURNITURE MARKET IN JAPAN BY MATERIAL, 2014-2020 ($MILLION)
TABLE 30 LUXURY FURNITURE MARKET IN REST OF ASIA PACIFIC BY MATERIAL, 2014-2020 ($MILLION)
TABLE 31 SNAPSHOT OF JL&C FURNITURE CO. LTD.
TABLE 32 SNAPSHOT OF PT. WIRASINDO SANTAKARYA
TABLE 33 SNAPSHOT OF MCMICHAEL FURNITURE
TABLE 34 SNAPSHOT OF KOVACS DESIGN FURNITURE
TABLE 35 SNAPSHOT OF DE BRUIN-JUDGE FURNITURE LTD.
TABLE 36 SNAPSHOT OF DE BRUIN-JUDGE FURNITURE LTD.
TABLE 37 SNAPSHOT OF FAR FAST FURNITURE
TABLE 38 SNAPSHOT OF FAR FAST FURNITURE
TABLE 39 SNAPSHOT OF SHANGHAI CASAGI FURNITURE LTD.
TABLE 40 SNAPSHOT OF WEGMANS FURNITURE INDUSTRIES SDN

LIST OF FIGURES

FIG. 1 TOP IMPACTING FACTORS, BASE CASE (2020-2025)
FIG. 2 TOP IMPACTING FACTORS, OPTIMISTIC CASE (2020-2025)
FIG. 3 TOP IMPACTING FACTORS, CRITICAL CASE (2020-2025)
FIG. 4 TOP IMPACTING FACTORS
FIG. 5 TOP INVESTMENT POCKETS OF LUXURY FURNITURE MARKET
FIG. 6 PORTERS FIVE FORCES MODEL
FIG. 7 VALUE CHAIN ANALYSIS
FIG. 8 PER CAPITA DISPOSABLE INCOME AND CONSUMPTION EXPENDITURE OF URBAN HOUSEHOLDS IN SHANGHAI
FIG. 9 POPULATION DENSITY GRAPH FOR MALAYSIA, THAILAND, JAPAN AND SINGAPORE IN 2011
FIG. 10 SWOT ANALYSIS OF JL&C FURNITURE CO. LTD.
FIG. 11 SWOT ANALYSIS OF PT. WIRASINDO SANTAKARYA
FIG. 12 SWOT ANALYSIS OF MCMICHAEL FURNITURE
FIG. 13 SWOT ANALYSIS OF KOVACS DESIGN FURNITURE
FIG. 14 SWOT ANALYSIS OF DE BRUIN-JUDGE FURNITURE LTD.
FIG. 15 SWOT ANALYSIS OF DYNAMIC FURNITURE INDUSTRIES (M) SDN BHD
FIG. 16 SWOT ANALYSIS OF FAR FAST FURNITURE
FIG. 17 SWOT ANALYSIS OF FALCON INCORPORATION PTE LTD.
FIG. 18 SWOT ANALYSIS OF SHANGHAI CASAGI FURNITURE LTD.
FIG. 19 SWOT ANALYSIS OF WEGMANS FURNITURE INDUSTRIES SDN BHD.


 
 

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