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According to a new report, Asia Pacific Luxury Furniture Market, published by KBV Research, the Asia Pacific Luxury Furniture Market is expected to grow at a CAGR of 6.4% during 2016 -2022.
The China market dominated the Asia Pacific Luxury Furniture Market in 2015, and would grow at a CAGR of 3% during the forecast period. The India market is expected to attain a market size of $1,147.2 million by 2022. However, Japan market is expected to grow at CAGR of 6.9% during 2016-2022.
The Wood market contributed the larger revenue share to the Asia Pacific Luxury Furniture Market in 2015, and is anticipated to grow at a CAGR of 5.6% during the forecast period. The Glass market is anticipated to grow at a growth rate of 8.3% CAGR during 2016-2022.
The Residential market registered the highest share in the Asia Pacific Luxury Furniture Market in 2015, and is expected to grow at a CAGR of 7% during the forecast period.
The report highlights the adoption of Luxury Furniture in Asia Pacific.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 China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific.
Key Companies profiled in the report includes Kimberly- Clark Corporation, Unicharm, Bumkins, SvenskaCellulosaAktiebolaget Company, Hengan, American Baby Company, Procter & Gamble Company (P&G), Kao Corporation.
The market is segmented based on Materials, End User and Country.