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Lifestyle of consumers, especially in urban areas, has changed significantly. Luxury products are vital aspects of human life. In addition, with rapid rise in the disposable incomes of people, market growth of luxury furniture is inevitable. With urbanization, economic growth, and job opportunities around the world, real estate market has significantly grown. Real estate industry would witness moderate growth in future as well. Real estate industry for residential as well as commercial places would drive the luxury furniture market. The demand for luxury furniture in the domestic and commercial segment has been unprecedented. Substantial growth in the per capita income is the prime reason behind the unprecedented growth in the luxury furniture market.
The rapidly growing urban population is adding to the demand for luxury furniture. Furniture made up of glass material is gaining province over other kinds of materials, due to their elegance and eye catching designs. The report highlights the adoption of Luxury Furniture in LAMEA. Based on Materials, the market is segmented into Metal, Wood, Plastic, Glass, Leathers, Others. Based on End User, the Luxury Furniture market is segmented into Residential and Commercial Market. According to the usage, the Residential market is segmented into Kitchen, Living & Bedroom, Bathroom, Outdoor, Lighting segments; the commercial market is segmented into Office, Hospitality and Others segment.
The countries included in the report are Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA. Key Companies profiled in the report includes Kimberly- Clark Corporation, Unicharm, Bumkins, Svenska Cellulosa Aktiebolaget Company, Hengan, American Baby Company, Procter & Gamble Company (P&G), Kao Corporation.