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North America Luxury Furniture Market by Material (Metal, Plastic, Wood, Glass, and Leather) and End Use (Domestic Use and Commercial Use) - Opportunity Analysis and Industry Forecast, 2015 - 2022

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CO_161319
Pages: 95
Mar 2016 | 2810 Views
 
Author's : Shrikant Chaudhari
Tables: 33
Charts: 21
 

North America Luxury Furniture Market Overview

North America Luxury Furniture Market is expected to garner CAGR of 3.1% during the forecast period, 2016‐2022. Luxury furniture enhances the aesthetic value of establishments, such as homes, hotels, offices, and other indoor or outdoor areas. The North American luxury furniture market significantly benefits from the economic growth of the countries in this region, which include U.S., Canada, and Mexico.

The increase in spending capacity of the consumers and real estate sector are the key growth facilitators of the North America luxury furniture market. Consumers in the region. Consumers in the region are inclined towards eco-friendly furniture owing to the increase in environmental awareness. However, rise in cost of raw materials, such as wood and leather may restrain the North America luxury furniture market growth. Online retailing and the increase in demand of multifunctional furniture present significant opportunities for the North America luxury furniture market growth .

NORTH AMERICA LUXURY FURNITURE MARKET KEY SEGMENTATION

North America Luxury Furniture Market

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The North America luxury furniture market is segmented on the basis of material, end use, and country.  Based on materials, the industry is categorized into metal, plastic, wood, glass, leather, and others. The wood furniture segment in the market is likely to remain dominant during the forecast period. This is due to the fact that wooden furniture is the most popular choice owing to its superior aesthetic appeal. The glass material segment is estimated to grow at the fastest rate owing to increase in adoption of modern furniture designs, during the forecast period. The end-user segment comprises of domestic and commercial users. The domestic segment is further sub-segmented into kitchens, living & bedrooms, bathrooms, outdoors, and lighting. The commercial segment is further classified into office, hospitality, and others.

The domestic segment accounted for a higher market size as compared to the commercial segment, because of the extensive use of luxury furniture in homes. The living & bedroom segment accounted for approximately 45% of the market share in the domestic sector, and is expected to be the highest revenue-generating segment throughout the analysis period. In the commercial segment, the hospitality sector contributed the highest market share and is likely to grow at a rapid pace over the forecast period. The North America luxury furniture market is segmented across countries, such as U.S., Canada, and Mexico.

The key players in the North America luxury furniture market include Giovanni Visentin S.r.l., Scavolini S.p.a., Laura Ashley Holding Plc., Nella Vetrina, Henredon Furniture Industries Inc., Brown Jordan, Century Furniture LLC, Kindel Furniture Company, Cococo Home, and Gilani Furniture. Operating players in the industry are putting efforts to develop multifunctional furniture.

North America Luxury Furniture Market Report Key Benefits:

  • It provides an in-depth analysis of theNorth America luxury furniture market to elucidate the imminent investment pockets in the market
  • It outlines current trends and future scenarios to determine the overall market potential and to single out profitable trends to gain a stronger market foothold
  • It provides information regarding the key drivers, restraints, and opportunities with a detailed impact analysis
  • It offers quantitative analysis of the current market trends and future estimations to indicate the financial competency of the market, during the period, 2016‐ 2022 is provided to
  • It provides illustrations the potency of buyers and suppliers through Porters Five Forces model and a SWOT analysis
  • It offers value chain analysis to provide a clear understanding on the roles of stakeholders involved

North America Luxury Furniture Market Key Segments:

By Material

  • Metal
  • Plastic
  • Wood
  • Glass
  • Leather
  • Others

By End Use

  • Domestic Use
    • Kitchen
    • Living &bedroom
    • Bathroom
    • Outdoor
    • Lighting
  • Commercial Use
    • Office
    • Hospitality
    • Others

By Country

  • U.S.
  • Canada
  • Mexico

Key players

  • Giovanni Visentin S.r.l.
  • Scavolini S.p.a.
  • Laura Ashley Holding Plc.
  • Nella Vetrina
  • Henredon Furniture Industries Inc.
  • Brown Jordan
  • Century Furniture LLC
  • Kindel Furniture Company
  • Cococo Home
  • Gilani Furniture
 

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

Chapter: 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings

3.2.1 Top impacting factors
3.2.2 Top winning strategies
3.2.3 Top investment pockets

3.3 Porters five forces analysis

3.3.1 Bargaining power of buyer
3.3.2 Bargaining power of suppliers
3.3.3 Threats of new entrants
3.3.4 Threats of substitute
3.3.5 Rivalry

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 Changing lifestyle and behavior of consumer

3.5.2 Restraints

3.5.2.1 Lack of skilled workforce
3.5.2.2 Increasing cost of raw materials

3.5.3 Opportunities

3.5.3.1 Increasing online retailing
3.5.3.2 Development of multifunctional furniture

Chapter: 4 NORTH AMERICA LUXURY FURNITURE MARKET BY MATERIAL

4.1 Metal

4.1.1 Key market trends
4.1.2 Competitive scenario
4.1.3 Key growth factor and opportunities
4.1.4 Market size and forecast

4.2 Wood

4.2.1 Key market trends
4.2.2 Competitive scenario
4.2.3 Key growth factor and opportunities
4.2.4 Market size and forecast

4.3 Plastic

4.3.1 Key market trends
4.3.2 Competitive scenario
4.3.3 Key growth factor and opportunities
4.3.4 Market size and forecast

4.4 Glass

4.4.1 Key market trends
4.4.2 Competitive scenario
4.4.3 Key growth factor and opportunities
4.4.4 Market size and forecast

4.5 Leather

4.5.1 Key market trends
4.5.2 Competitive scenario
4.5.3 Key growth factor and opportunities
4.5.4 Market size and forecast

4.6 Others

4.6.1 Key market trends
4.6.2 Competitive scenario
4.6.3 Key growth factor and opportunities
4.6.4 Market size and forecast

Chapter: 5 NORTH AMERICA LUXURY FURNITURE MARKET BY END USE

5.1 Domestic Use

5.1.1 Key market trends
5.1.2 Competitive scenario
5.1.3 Key growth factor and opportunities
5.1.4 Market size and forecast
5.1.5 Kitchen

5.1.5.1 Key market trends
5.1.5.2 Competitive scenario
5.1.5.3 Key growth factor and opportunities
5.1.5.4 Market size and forecast

5.1.6 Living and bedroom

5.1.6.1 Key market trends
5.1.6.2 Competitive scenario
5.1.6.3 Key growth factor and opportunities
5.1.6.4 Market size and forecast

5.1.7 Bathroom

5.1.7.1 Key market trends
5.1.7.2 Competitive scenario
5.1.7.3 Key growth factor and opportunities
5.1.7.4 Market size and forecast

5.1.8 Outdoor

5.1.8.1 Key market trends
5.1.8.2 Competitive scenario
5.1.8.3 Key growth factor and opportunities
5.1.8.4 Market size and forecast

5.1.9 Lighting

5.1.9.1 Key market trends
5.1.9.2 Competitive scenario
5.1.9.3 Key growth factor and opportunities
5.1.9.4 Market size and forecast

5.2 Commercial use

5.2.1 Key market trends
5.2.2 Key growth factor and opportunities
5.2.3 Market size and forecast
5.2.4 Office

5.2.4.1 Key market trends
5.2.4.2 Key growth factor and opportunities
5.2.4.3 Market size and forecast

5.2.5 Hospitality

5.2.5.1 Key market trends
5.2.5.2 Key growth factor and opportunities
5.2.5.3 Market size and forecast

5.2.6 Others

5.2.6.1 Key market trends
5.2.6.2 Key growth factor and opportunities
5.2.6.3 Market size and forecast

Chapter: 6 NORTH AMERICA LUXURY FURNITURE MARKET BY COUNTRY

6.1 United States

6.1.1 Key market trends
6.1.2 Competitive scenario
6.1.3 Key growth factor and opportunities
6.1.4 Market size and forecast

6.2 Canada

6.2.1 Key market trends
6.2.2 Competitive scenario
6.2.3 Key growth factor and opportunities
6.2.4 Market size and forecast

6.3 Mexico

6.3.1 Key market trends
6.3.2 Competitive scenario
6.3.3 Key growth factor and opportunities
6.3.4 Market size and forecast

Chapter: 7 COMPANY PROFILE

7.1 Giovanni Visentin s.r.l.

7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 SWOT analysis of Giovanni Visentin s.r.l.

7.2 Scavolini S.p.a.

7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 SWOT analysis of Scavolini S.p.a.

7.3 Laura Ashley Holding Plc

7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Business performance
7.3.4 SWOT analysis of Laura Ashley Holding Plc

7.4 Nella Vetrina

7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 SWOT analysis of Nella Vetrina

7.5 Henredon Furniture Industries Inc.

7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 SWOT analysis of Henredon Furniture Industries Inc.

7.6 Brown Jordan

7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 SWOT analysis of Brown Jordan

7.7 Century Furniture LLC

7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 SWOT analysis of Century Furniture LLC

7.8 Kindel Furniture Company

7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 SWOT analysis of Kindel Furniture Company

7.9 COCOCO HOME

7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 SWOT analysis of Cococo home

7.10 Gilani

7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 SWOT analysis of Gilani furniture

List of Figures

FIG. 1 TOP IMPACTING FACORS
FIG. 2 TOP INVESTMENT POCKETS
FIG. 3 PORTERS FIVE FORCES ANALYSIS
FIG. 4 VALUE CHAIN ANALYSIS
FIG. 5 U.S. PER CAPITA DISPOSABLE INCOME, 1994-2014 AND PROJECTED 2024
FIG. 6 CANADA DISPOSABLE INCOME, 2013-2015(IN $MILLION)
FIG. 7 URBANIZATION RATE IN U.S., CANADA AND MEXICO, 2010-2015 (%)
FIG. 8 VALUE OF PRIVATE RESIDENTIAL CONSTRUCTION IN THE U.S., ($MILLION , 2009-2014)
FIG. 9 CANADA GDP GROWTH RATE, 2010-2014 (%)
FIG. 10 NUMBER OF HOME SALES IN CANADA, 2009-2015
FIG. 11 SWOT ANALYSIS OF GIOVANNI VISENTIN S.R.L.
FIG. 12 SWOT ANALYSIS OF SCAVOLINI S.P.A.
FIG. 13 REVENUE GENERATED BY LAURA ASHLEY HOLDING PLC, (2013-2015)
FIG. 14 SWOT ANALYSIS OF LAURA ASHLEY HOLDING PLC
FIG. 15 SWOT ANALYSIS OF NELLA VETRINA
FIG. 16 HENREDON FURNITURE INDUSTRIES INC.
FIG. 17 SWOT ANALYSIS OF BROWN JORDAN
FIG. 18 SWOT ANALYSIS OF CENTURY FURNITURE LLC
FIG. 19 SWOT ANALYSIS OF KINDEL FURNITURE COMPANY
FIG. 20 SWOT ANALYSIS OF COCOCO HOME
FIG. 21 SWOT ANALYSIS OF GILANI FURNITURE

List of Tables

TABLE 1 NORTH AMERICA LUXURY FURNITURE MARKET BY MATERIAL, 2014-2020($MILLION)
TABLE 2 NORTH AMERICA LUXURY FURNITURE METAL MATERIAL MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 3 NORTH AMERICA LUXURY FURNITURE WOOD MATERIAL MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 4 NORTH AMERICA LUXURY FURNITURE PLASTIC MATERIAL MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 5 NORTH AMERICA LUXURY FURNITURE GLASS MATERIAL MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 6 NORTH AMERICA LUXURY FURNITURE LEATHER MATERIAL MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 7 NORTH AMERICA LUXURY FURNITURE OTHERS MATERIAL MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 8 NORTH AMERICA LUXURY FURNITURE MARKET BY END USE, 2015-2022 ($MILLION)
TABLE 9 NORTH AMERICA LUXURY FURNITURE DOMESTIC-USE MARKET, 2015-2022 ($MILLION)
TABLE 10 NORTH AMERICA LUXURY FURNITURE DOMESTIC-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 11 NORTH AMERICA LUXURY FURNITURE KITCHEN-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 12 NORTH AMERICA LUXURY FURNITURE LIVING & BEDROOM -USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 13 NORTH AMERICA LUXURY FURNITURE BATHROOM-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 14 NORTH AMERICA LUXURY FURNITURE OUTDOOR-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 15 NORTH AMERICA LUXURY FURNITURE LIGHTING-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 16 NORTH AMERICA LUXURY FURNITURE COMMERCIAL-USE MARKET, 2015-2022 ($MILLION)
TABLE 17 NORTH AMERICA LUXURY FURNITURE COMMERCIAL-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 18 NORTH AMERICA LUXURY FURNITURE OFFICE-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 19 NORTH AMERICA LUXURY FURNITURE HOSPITALITY-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 20 NORTH AMERICA LUXURY FURNITURE OTHERS-USE MARKET BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 21 U.S. LUXURY FURNITURE MARKET BY MATERIAL, 2015-2022 ($MILLION)
TABLE 22 CANADA LUXURY FURNITURE MARKET BY MATERIAL, 2015-2022 ($MILLION)
TABLE 23 MEXICO LUXURY FURNITURE MARKET BY MATERIAL, 2015-2022 ($MILLION)
TABLE 24 SNAPSHOT OF GIOVANNI VISENTIN S.R.L.
TABLE 25 SNAPSHOT OF SCAVOLINI S.P.A.
TABLE 26 SNAPSHOT OF LAURA ASHLEY HOLDING PLC
TABLE 27 SNAPSHOT OF NELLA VETRINA
TABLE 28 SNAPSHOT OF HENREDON FURNITURE INDUSTRIES INC.
TABLE 29 SNAPSHOT OF BROWN JORDAN
TABLE 30 SNAPSHOT OF CENTURY FURNITURE LLC
TABLE 31 SNAPSHOT OF KINDEL FURNITURE COMPANY
TABLE 32 SNAPSHOT OF COCOCO HOME
TABLE 33 SNAPSHOT OF GILANI FURNITURE

 

The consistently improving North American economy, resulting from the stronger consumer spending and improving condition of the housing sector, has created favorable conditions for the growth of luxury furniture market in the region. The market in the region is expected to witness a moderate growth over the next 5 – 6 years.  The demand for luxury furniture is expected to be driven by its increasing usage amongst both the residential users (for home use) as well as commercial user (hotels, offices, movie halls, and other commercial spaces). Hospitality sector including hotels, restaurants, and similar other establishments is the major user of luxury furniture, amongst the different commercial users. However, in the coming years, the demand from domestic market is likely to be the key growth facilitator, owing to the considerable increase in the demand for the furniture used in the kitchen, and living & bedroom. 

The trend of online shopping substantially influences the luxury furniture market. Operating players in this market prefer to sell their products through e-commerce platforms for maximizing reach.  Tie-ups between furniture manufacturers and interior designers is another trend gaining popularity in the industry and is acting as an emerging sales channel for the manufacturers. Furthermore, eco-friendly luxury furniture is witnessing increased demand due to growing environment awareness among the consumers in the region. Lack of skilled workforce is the main challenge faced by the operating players in this region. Further, the fluctuating cost of materials such as wood and leather also restricts the market growth. 

 

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