Luxury Furniture Market Structure Analysis for the Period 2016 - 2024
Verfasser: yogesh on Thursday, 4 April 2019The global luxury market consist of nine segments including personal cars, personal luxury goods, luxury hospitality, luxury cruises, fine food, fine wine and spirits, luxury furniture, private jet and yachts. Out of these segments, luxury furniture has showcased boom all over the world. Luxury furniture enhances the artistic value of homes, offices, restaurants and hotels in addition to various outdoor and indoor spaces. Over the past few years, the significant growth in real estate industry fostered the growth of luxury furniture market. Movement of people from rural to urban areas, globalization and inclination in the personal disposable income is strengthening the growth of the global luxury furniture market. Rising environmental consciousness among people will lead to rising demand for eco-friendly luxury furniture all over the world till 2025. Besides this, rising penetration of online retailing all across the world is expected to further stimulate the global luxury furniture market. Change in the lifestyle along with rising disposable income would provide substantial opportunities in the global luxury furniture market over the period 2016-2024.
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