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A04636 | Pages: NA | Charts: NA | Tables: NA |
Luxury furniture are manufactured by skilled & creative craftsmen using superior quality materials such as metal, wood, glass, plastic, and leather. These luxury furnishings are designed with zero margin error, thereby prolonging their durability. They are used to enhance the ambience of offices, hotels, homes, restaurants, kitchens, and hospitals.
Recent developments in manufacturing technology and upsurge in demand for customizable furniture are the key factors that drive the growth of the Europe luxury furniture market. Moreover, high disposable income and inclination of consumers toward luxury furniture fuel the market growth. However, high prices of raw materials, such as wood, unavailability of superior quality wood due to rise in deforestation in Europe, and increase in awareness about the negative impact of deforestation to the environment are expected to hamper the growth of the Europe luxury furniture market. On the contrary, surge in e-commerce sales due to convenience in shopping and doorstep delivery of products are opportunistic for the market. Moreover, rise in need to manufacture eco-friendly luxury furniture is expected to offer lucrative opportunities for market expansion in the forthcoming years.
Europe luxury furniture market is segmented based on material, end use, and country. By material, the market is classified into metal, plastic, wood, glass, and leather. Depending on end use, it is bifurcated into residential and nonresidential. Further the residential is categorized into kitchen, living & bedroom, bathroom, and outdoor, whereas the nonresidential segment is further divided into office, hospitals, restaurants, and others. Country wise, the market is analyzed across UK, Germany, France, Italy, Spain, Benelux, Switzerland, and rest of Europe.
The prominent key players in the market include Vimercati, Giemme Stile S.P.A, Opinion Ciatti S.r.l., Bonaldo S.P.A., Pedrali Spa, Davidson, Hadley Rose, Chaplins Furniture Limited, John Sankey, and Upholstery Techniques Cheltenham Ltd.
Key Market Segments
Key Market Players