Luxury Furniture Market Outlook 2030: Leading Companies & Share Insights

Luxury Furniture Market Size & Insights

According to MarkNtel Advisors study The future of Global Luxury Furniture Market size was valued at around USD 29.13 billion in 2024 and is projected to reach USD 40.69 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.73% during the forecast period, i.e., 2025-30. The main factors contributing to the increased demand for contemporary luxurious furniture are the booming real estate sector and the growing consumer focus on aesthetic indoor design.

What are the Key Driver in the Luxury Furniture Market?

Expanding Real Estate Sector to Escalate Market Growth – During the historical years, the consistent growth of the real estate sector, especially in the luxury and upscale property segment, significantly contributed to the increased demand for high-end furniture in both residential and commercial spaces. In addition, the expansion of service-based industries, such as ICT, telecommunication, etc., has widely supported the demand for luxurious furniture. The key factors attributed to the rising service expansion are the growth initiatives of the global economies, such as India, China, the UAE, Saudi Arabia, etc., to launch flexible FDI policies, taxation relations, and minimum barriers on entry and exit, with an intent to boost their gross domestic product (GDP) growth. Therefore, global economies are witnessing an accumulation of investments to expand new office spaces & warehouses across numerous regions, which is expected to enhance the luxury furniture industry growth.

What are the Key Segments in the Luxury Furniture Market?

The Luxury Furniture is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

The high durability and aesthetic design offered by wooden materials in the luxury furniture industry positively supported the growth of the wood segment during the historical years. Thus, this segment holds the largest market share, around 48%. Luxury furniture buyers across the Middle East & Europe region often seek long-term investments, and wooden pieces provide this assurance to the customers.

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How does geographical analysis highlight in the Luxury Furniture market?

Geographically, Asia-Pacific accounted for a considerable luxury furniture market share during the forecasted years, around 38%, due to the rapid development of residential and commercial properties.

Who are the Key Players in Luxury Furniture Market?

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Luxury Furniture Market News

2025, Natuzzi showcased its “Rooted in Harmony” theme at Milan Design Week, debuting luxury furniture collections such as Memoria, Habita, Amama, Pagoda, and Valzer. Designed by leading creatives like Karim Rashid, Andrea Steidl, Mauro Lipparini, and Marcantonio. The collections reflected Natuzzi’s commitment to harmonizing Italian design heritage with contemporary innovation and sustainability-driven craftsmanship.

2024, B&B Italia launched its Outdoor Collection featuring designs like Softcage and La Bambola by Mario Bellini and Tesa O’ by Monica Armani. The range reinterprets iconic indoor pieces using sustainable, weather-resistant materials, showcasing the brand’s commitment to luxury, innovation, and environmental responsibility in outdoor living.

Key pillars of the research methodology include:

“Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide,” said a spokesperson for MarkNtel Advisors.

Why This MarkNtel Advisors Research Report:

Gain exclusive access to our comprehensive insights on the Future of Luxury Furniture Market. With tailored licensing options, including Mini Report Pack, Excel Data Pack, Single User, Multiuser, and Enterprise Packs, our research empowers organizations to navigate dynamic market trends effectively.

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