PUBLISHER: Grand View Research | PRODUCT CODE: 1611191
PUBLISHER: Grand View Research | PRODUCT CODE: 1611191
The global luxury furniture market size is estimated to reach USD 39.79 billion by 2030, registering to grow at a CAGR of 4.2% from 2025 to 2030 according to a new report by Grand View Research, Inc. This expected growth in demand can be ascribed to rapid urbanization and growing demand for home furnishings.
Additionally, disposable income of individuals in North America and Asia-Pacific region has also witnessed high growth. Thus, increasing disposable income of individuals is acting as a major driver for the industry progress.
Luxurious products are becoming an essential part of life; as a result, population is ready to spend on luxurious products. This would contribute to drive the sector growth. In addition, increasing disposable income of individuals has led to think regarding the social status, driving the increased spending on products including furniture.