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Koncept Analytics Releases New Report on Luxury Furniture Industry - The report analyzes the various specialist product segments of the luxury furniture industry and assesses market opportunities available in emerging markets. The market drivers and trends for the industry have also been analyzed
Koncept Analytics Releases New Report on Luxury Furniture Industry

 

NewswireToday - /newswire/ - Delhi, India, 2008/12/31 - The report analyzes the various specialist product segments of the luxury furniture industry and assesses market opportunities available in emerging markets. The market drivers and trends for the industry have also been analyzed.

   
 
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The luxury furniture industry is a part of the US$431.8 billion global furniture market. This niche business segment of high-end furnishing is very fragmented in terms of supply, consisting of mainly family run companies. By region, Europe is the largest market for the industry, followed by the US and Asia Pacific. In the recent years, the high-end furniture industry recorded increasing growth due to the growing number of high net worth individuals (HNWI), internationalization of consumer behavior and the growing influence of emerging markets.

The recent years, have witnessed a rise in the number of millionaires in emerging markets such as Russia, Brazil, China and India and these luxury buyers are expected to have an increasing influence on the sector. The increasing disposable incomes, evolving lifestyles and greater brand consciousness have led to an increase in demand for these goods in the countries. In emerging markets, the consumers are also being influenced by Western trends and thus, their purchasing patterns are transforming rapidly.

Being a part of the luxury furnishing industry, the high-end furniture market is greatly affected by the environment of its five specialist product segments, such as Living & Bedroom, Outdoor, Kitchen, Bathroom and Lighting. Although, the living & bedroom is the largest segment of the furniture market, the recent trend of outdoor living has boosted the growth of outdoor segment. Growing number of aspirational consumers, especially the young urban salaried workers and women have increased the demand for more expensive and durable consumer goods. The real estate boom and home ownership, has also led the above mentioned consumer segment to increase their expenditures on furniture and interior design. Thereby, leading to an increase in demand for imported and luxury furniture.

The report broadly includes the following:

1. Global Luxury Industry: An Overview
1.1 Luxury Goods: Market Size and Growth
1.2 Global Luxury Goods: Geographical Segmentation

2. Global Luxury Furniture Market: An Overview
2.1 Global Luxury Furniture Market: Size and Growth
2.2 Global Luxury Furniture Market: Growth by Geography
2.3 Global Luxury Furniture Market: Product Segmentation
Living & Bedroom Segment
Bathroom Segment
Kitchen Segment
Outdoor Segment
Lighting Segment

3. Market Trends

4. Growth Drivers

5. Opportunities: Emerging Markets
5.1 India
5.2 China
5.3 Russia
5.4 Brazil

6. Company Profiles
6.1 Poltrona Frau SpA
6.2 Herman Miller
6.3 Knoll

7. Market Forecast

Tables and Figures
Worldwide Luxury Goods Market trend: (2003-2007); (Forecast: 2008)
Worldwide Luxury Goods Market by Area: 2007; (Forecast: 2008)
Luxury Furniture Market: (2003- 2007); (Forecast: 2008)
Total Furniture Market (US$ billion): (2006 – 2007); (Forecast: 2008)
Luxury Furniture Market: Geographical Breakdown (2007)
Luxury Furniture Market: Revenue by Region (2007)
Luxury Furniture Revenue by Products: 2007
Luxury Furniture – Living & Bedroom Market: (2005-2007)
Luxury Furniture –Bathroom Market: (2005-2007)
Luxury Furniture – Kitchen Market: (2005-2007)
Luxury Furniture – Outdoor Market: (2005-2007)
Luxury Furniture –Lighting Market: (2005-2007)
Growth in number of Millionaires and their wealth: 2001-2007
Number of Millionaires region-wise: 2007
Countries providing fastest growth in number of millionaires, 2007
Poltrona Frau: Market Shares by Region (2006)
Herman Miller- Revenues: 2003-2007
Knoll- Revenues: 2003-2007
High-end Furniture Market: Estimated CAGR (2005 – 2008)
High-end Furniture Market Growth Forecast: (2008 & 2009)
Market Evolution: Luxury Goods in China
Segmentation of Luxury Goods Consumers
Segmentation: Luxury Furniture Market
Segmentation: Luxury Goods Consumers.

 
 
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Written by / Agency / Source: Koncept Analytics

 
 

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Koncept Analytics Releases New Report on Luxury Furniture Industry

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