The modern-day document posted via Report Ocean, titled “Asia-Pacific Luxury Furniture Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
Furniture is required to dcor the interiors and exteriors in homes, hotels and offices. The quality of material used, aesthetic value, comparative price, and sophistication in design are some of the key factors that differentiate luxury furniture from non-luxury furniture. The consumers in Asia-Pacific have witnessed increase in the disposable income due to the slow but steady improvement in economic conditions of various countries in the APAC region. Also, real-estate and construction industry is expected to grow substantially in this region. In addition to this, urbanization and improving lifestyles of individuals, are some of the important factors responsible for the prominent growth of the luxury furniture market in Asia Pacific. However, factors such as increasing cost of raw materials, specifically that of wood and leather, would limit the market growth. Opportunities for the market can be, online retailing and the increasing demand of multifunctional furniture.
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The Asia-Pacific luxury furniture market is analyzed, based on material, end-user, and country. Major product types include metal, wood, plastic, glass and leather. On the basis of end use, the market has been segmented into domestic and commercial sector. Domestic end-use market is further sub-segmented into kitchen, living & bedroom, bathroom, outdoors and lighting. Similarly, the commercial segment has been further categorized into office, hospitality and other commercial sectors. The domestic segment has dominated the market owing to the extensive use of luxury furniture in homes. Within the domestic segment, a significant portion of the market share is contributed by living and bedroom furniture and is estimated to be the largest segment throughout the analysis period. Also, the hospitality sector has accounted for largest market share in commercial segment and is expected to grow at an exponential rate over the forecast period. The industry is segmented across as China, India, Singapore, Malaysia, Japan and rest of Asia Pacific. India would witness the fastest growth in the forecast period, followed by china.
Key Benefits
The research report provides an in-depth analysis of the luxury furniture market with current and future trends to elucidate the imminent investment pockets in the market.
Current and future trends have been outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
The report provides information regarding key drivers, restraints and opportunities with impact analysis.
Quantitative analysis of the current market and estimations during the period of 20152020 have been provided to highlight the financial caliber of the market.
Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
Porters five forces model analysis of the industry illustrates the potency of the buyers and suppliers participating in the APAC luxury furniture market.
Key Players
JL&C Furniture Co. Ltd.
PT. Wirasindo Santakarya
McMichael furniture
Kovacs Design furniture
De Bruin-Judge Furniture Ltd.
Dynamic Furniture Industries (M) Sdn Bhd
Far fast furniture
Falcon Incorporation PTE Ltd.
Shanghai Casagi Furniture Ltd.
Wegmans Furniture Industries Sdn Bhd.
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Luxury Furniture Market Key Segments
By Material
Metal
Plastic
Wood
Glass
Leather
Others
By End Use
Domestic Use
Kitchen
Living and bedroom
Bathroom
Outdoor
Lighting
Commercial Use
Office
Hospitality
Others
By Country
China
India
Singapore
Malaysia
Japan
Rest of Asia Pacific
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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