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According to a new report, Global Luxury Furniture Market, published by KBV Research, the Global Luxury Furniture Market is expected to reach $29,721.4 million by 2022, growing at a CAGR of 4.6% during 2016 -2022.
The Europe market dominated the Global Luxury Furniture Market in 2015, and would grow at a CAGR of 4.1% during the forecast period. The Asia-Pacific market is expected to attain a market size of $6,102.2 million by 2022. However, North America market is expected to grow at CAGR of 3.8% during 2016-2022.
The Wood market contributed the larger revenue share to the Global Luxury Furniture Market in 2015, and is anticipated to grow at a CAGR of 3.8% during the forecast period. The Metal market is expected attain a market size of $6,043.1 million by 2022. The Glass market is anticipated to grow at a CAGR of 6.5% during the forecast period.
The Residential market registered the highest share in the Global Luxury Furniture Market in 2015, growing at a CAGR of 5.2% during the forecast period. The Commercial market is expected to attain a growth rate of 3.4% CAGR during 2016-2022.
The report highlights the adoption of Luxury Furniture, globally.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 geographies included in the report are North America, Europe, Asia-Pacific, & LAMEA (Latin America, Middle East and Africa). For the better analysis, the geographies are segmented into countries.
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.
Full report :- https://www.kbvresearch.com/global-luxury-furniture-market/
The market is segmented based on Materials, End User and Geography.