The global luxury furniture market size was valued at $23.99 billion in 2024 & is projected to grow from $25.28 billion in 2025 to $37.34 billion by 2032.

The Luxury Furniture Market report segments the industry into By Product (Lighting, Tables, Chairs and Sofas, Beds, Cabinets, Accessories, Other Products), By Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online, Other Distribution Channels), By End User (Residential, Commercial), and Geography (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).

The luxury furniture market is set for strong growth with an anticipated value of USD 25.2 billion in 2025, to reach USD 43.4 billion by 2035, indicating a CAGR of 5.6% over the forecast period. The industry grows on the basis of some factors like craftsmanship, uniqueness, and the requirement for high-quality living experience.

Metrics	Values
Industry Size (2025E)	USD 25.2 billion
Industry Value (2035F)	USD 43.4 billion
CAGR (2025 to 2035)	5.6%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
USA	4.5%
UK	3.8%
France	3.5%
Germany	3.7%
Italy	3.6%
South Korea	4.2%
Japan	3.4%
China	5%
Australia	3.9%
New Zealand	3.7%

Competitive Outlook

Company Name	Estimated Market Share (%)
Restoration Hardware	8%
Herman Miller	6%
Knoll	4%
Roche Bobois	2%
Ashley Furniture	1%
Other Companies	79%

This statistic shows the size of the luxury furniture market worldwide from 2017 to 2023. The global market value of luxury furniture was estimated to be worth ** billion U.S. dollars in 2017, and was forecast to reach a value of about **** billion U.S. dollars by 2023.

The global luxury furniture market size was valued at USD 25.46 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 36.56 Billion by 2033, exhibiting a CAGR of 4.06% during 2025-2033. Europe currently dominates the market, holding a significant market share of over 35.6% in 2024. The inflating disposable incomes, growing urbanization, increasing demand for premium home décor, expanding hospitality and real estate sectors, and the influence of social media and interior design trends, especially among affluent consumers seeking personalization, exclusivity, and aesthetically appealing, high-quality furniture pieces are some of the major factors augmenting luxury furniture market share.

The Report Covers US Luxury Furniture Market Brands and It is Segmented by Product (Lighting, Tables, Chairs and Sofas, Accessories, Bedroom, Cabinets, and Other Products), and Distribution Channel (Offline and Online), End User (Residential and Commercial). The Report Offers Market Size and Forecasts for United States Luxury Furniture Market are Provided in Terms of Value (USD) for all the Above Segments.

The global luxury furniture Market size is expected to reach USD 34.69 billion by 2030, according to a new study by Polaris Market Research

Luxury Furniture Market size was valued at around USD 27.65 billion in 2023 & is projected to reach around USD 41.95 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.67% from 2024-30.

India luxury furniture market size reached USD 1.15 Billion in ​2024​. Looking forward, IMARC Group expects the market to reach USD 1.75 Billion by ​2033​, exhibiting a growth rate (CAGR) of 4.48% during 2025-2033. The growing income levels of individuals, along with the rising number of commercial establishments, such as restaurants, cafes, shopping malls, etc., are primarily propelling the market growth across the country.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 1.15 Billion
Market Forecast in 2033	USD 1.75 Billion
Market Growth Rate 2025-2033	4.48%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on raw material, application, distribution channel, and design.

The Europe Luxury Furniture Market report segments the industry into Product Type (Lighting, Tables, Chairs and Sofas, Accessories, Bedroom, Cabinets, Other Product Types), End-User (Residential, Commercial), Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online, Other Distribution Channels) and Geography (Germany, United Kingdom, France, Spain, Russia, Italy, Rest of Europe).

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Luxury Furniture Market Size 2024-2028

The luxury furniture market size is forecast to increase by USD 9.54 billion at a CAGR of 5.16% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing number of new showroom launches and the rapid emergence of eco-friendly and organic furniture as a key trend. This trend reflects the growing consumer preference for sustainable and environmentally-friendly products, which is expected to continue shaping furniture market dynamics. However, the market also faces challenges, including the frequent product recalls, which can negatively impact brand reputation and consumer trust. Companies seeking to capitalize on market opportunities must prioritize sustainability and transparency in their supply chains to meet evolving consumer demands.
Effective quality control measures and robust risk management strategies are also essential to mitigate the risks associated with product recalls and maintain customer satisfaction. In summary, the market is characterized by strong growth potential and shifting consumer preferences, requiring companies to adapt and innovate to stay competitive.

What will be the Size of the Luxury Furniture Market during the forecast period?

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The market continues to evolve, with dynamic trends shaping various sectors. Luxury materials, such as leather, velvet, and silk, remain in demand for upholstered pieces. Meanwhile, the integration of luxury lighting, whether as statement fixtures or integrated into furniture designs, adds an extra layer of sophistication. Luxury brands and designer furniture continue to dominate the landscape, with artisan craftsmanship and customization becoming increasingly important. Furniture installation and assembly services ensure seamless integration into residential and commercial spaces. Eco-friendly furniture and sustainable practices are gaining traction, as consumers seek to minimize their environmental footprint. Traditional furniture and mid-century modern designs remain popular, while contemporary and art deco styles add a touch of modernity.
Luxury furniture retailers cater to diverse needs, from antique and vintage pieces to commercial-grade offerings. Furniture showrooms and auctions provide opportunities for discovery, while online retailers offer convenience. Luxury interiors are incomplete without high-end finishes, luxury bedding, and accessories. Furniture restoration and repair services maintain the longevity of existing pieces, while furniture distribution and sourcing ensure a steady supply. The market is a vibrant, ever-changing landscape, where innovation and tradition intertwine to create timeless and desirable pieces.

How is this Luxury Furniture Industry segmented?

The luxury furniture industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Residential
  Commercial


Distribution Channel

  Offline
  Online


Material

  Wood
  Metal
  Glass
  Leather
  Plastic
  Others


Product Category

  Seating
  Tables
  Storage
  Beds


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market encompasses various segments, including outdoor furniture, furniture conservation, art deco furniture, residential furniture, modern furniture, furniture reupholstery, sustainable furniture, hospitality furniture, artisan craftsmanship, furniture design trends, retail furniture, luxury interiors, luxury furniture style, luxury materials, luxury lighting, luxury brands, furniture upholstery, designer furniture, furniture installation, eco-friendly furniture, traditional furniture, mid-century modern furniture, furniture assembly, luxury furniture retailers, antique furniture, commercial furniture, luxury furniture showrooms, furniture auctions, furniture refinishing, furniture supply chain, online furniture retailers, luxury bedding, furniture subscription services, furniture restoration, luxury accessories, custom furniture, luxury homes, contemporary furniture, vintage furniture, furniture delivery, furniture repair, home decor, luxury rugs, furniture distribution, furniture sourcing, high-end finishes, interior design, luxury furniture trends, furniture manufacturing, and office furniture.

The residential segment is experiencing notable growth in the market, with a higher Compound Annual Growth Rate (CAGR) compared to the commercial se

Global Commercial Luxury Furniture Market was valued at USD 30.01 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 5.97% through 2029.

Pages	180
Market Size	2023: USD 30.01 Billion
Forecast Market Size	2029: USD 42.50 Billion
CAGR	2024-2029: 5.97%
Fastest Growing Segment	Online
Largest Market	North America
Key Players	1. Smiths Of Harrogate Limited 2. Valderamobili S.R.L. 3. Giovanni Visentin Srl 4. Premier Cane Furniture 5. Brown Jordan Inc. 6. MillerKnoll, Inc. 7. HHG IPCo, LLC. 8. Scavolini S.p.A. 9. Steelcase Inc. 10. Kimball International, Inc.

Get key insights from Market Research Intellect's Outdoor Luxury Furniture Market Report, valued at USD 15.2 billion in 2024, and forecast to grow to USD 24.5 billion by 2033, with a CAGR of 7.2% (2026-2033).

According to Cognitive Market Research, The Global Luxury Furniture market size will be USD 22.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.90% from 2023 to 2030.

The demand for luxury furniture is a rising trend in home renovation and decoration among the urban population. 
Demand for home decor projects in the luxury furniture market.
The leather and outdoor category held the highest luxury furniture market revenue share in 2023.
North America will continue to lead, whereas the European luxury Furniture market will experience the most substantial growth until 2030. 

Rising Home Decor Projects to Provide Viable Market Output

The global luxury furniture market is witnessing substantial growth due to an upsurge in home decor projects worldwide. As consumers increasingly invest in enhancing their living spaces, the demand for high-end and aesthetically pleasing furniture has surged. The market benefits from a rising focus on luxury living, with discerning consumers seeking exclusive, well-crafted furniture pieces to elevate their interiors. This trend is particularly pronounced as more individuals undertake home decor projects, creating a favorable market landscape for luxury furniture manufacturers and retailers. As a result, the market is poised for continued viability and expansion in response to the growing emphasis on sophisticated home design and luxury living.

 For instance, in April 2021, Herman Miller launched its new e-commerce store. 

(Source:www.salesforce.com/news/press-releases/2021/06/02/herman-miller-redesigns-its-shopping-experience-with-salesforce/)

Rise in Online Retailing in the Furniture Industry to Propel Market Growth

The global luxury furniture market is poised for growth due to the rising trend of online retailing in the furniture industry. As consumers increasingly prefer the convenience of online shopping, luxury furniture brands are leveraging digital platforms to reach a wider audience. E-commerce facilitates easier product access, comparison, and purchase, contributing to market expansion. This shift in consumer behavior, driven by the ease and variety offered by online channels, is expected to propel the growth of the luxury furniture market on a global scale.

For instance, in March 2023, IKEA Launched its new GOKVALLA collection, accessories to accompany clients' furniture. The GOKVÄLLÅ collection can help you create the right atmosphere. It's inspired by tile patterns from the Middle East that are mixed with modern elements to make both you and your home shine. 

(Source:www.bhg.com/ikea-nytillverkad-october-2023-collection-launch-7562026)

Market Dynamics of Luxury Furniture

Availability of Counterfeit Products to Restrict Market Growth

The global luxury furniture market needs help with the availability of counterfeit products, hindering its growth. While the market thrives on exclusivity and high-quality craftsmanship, the influx of counterfeit furniture needs to improve the perceived value and uniqueness of authentic luxury items. Counterfeit products often compromise on quality and design, impacting consumer trust and brand integrity. To sustain growth, the industry must address this issue through rigorous quality control measures, intellectual property protection, and heightened consumer awareness. As authenticity becomes a key concern for luxury furniture buyers, combating counterfeit items is essential for the long-term success and credibility of the global luxury furniture market.

Impact of COVID–19 on the Luxury Furniture Market

The global luxury furniture market faced disruptions due to COVID-19, experiencing both challenges and opportunities. With lockdowns affecting production and supply chains, the market initially encountered setbacks. However, increased remote work and a heightened focus on home aesthetics led to a surge in demand for luxury furniture, especially ergonomic and aesthetically pleasing designs. E-commerce and digital platforms played a crucial role in reaching consumers during lockdowns. As the industry adapted to new consumer behaviors and safety measures, the luxury furniture market demonstrated resilience and adaptability, showcasing the significance of evolving market strategies in the wake of the pandemic. Introduction of Luxury Furniture

Luxury furniture pieces are made from high-qual...

The global luxury furniture market is projected to expand at a substantial CAGR during the forecast period, between 2020 and 2027. The growth of the market is attributed to changing lifestyle of consumers, rising growth of the real estate industry, and increasing awareness of aesthetic values of luxury furniture.
Luxury furniture can be described as highly-priced and elite quality furniture such as beds, tables, sofas, and chairs that are available only for a group of affluent people. Most of this luxury furniture are associated with a certain historical era and have well-crafted designs that possess great aesthetic values. Rapid growth of the hospitality industry and rising development of highly-expensive hotels have raised the demand for luxury furniture to enhance their beauty. Rising concern for environmental issues, government regulations towards the use of eco-friendly products for manufacturing of furniture items present a key challenge for the market growth.

Market Drivers, Restraints, Trends, and Opportunities

• Rising per capita income of consumers and increasing demand for luxury furniture to support aesthetic values of household interiors are expected to drive the market growth during the forecast period.
• Growing expansion of the hospitality industry and rising adoption of the products in luxurious hotels are anticipated to push the overall market development over the analysis years.
• Increasing construction of highly expensive residential apartments and commercial spaces are estimated to fuel the market expansion in the coming years.
• High cost of luxury furniture and the lack of skilled workers are projected to restrain the market development during the targeted years.
• The market growth between 2019 and 2020 has been affected due to the adverse impact of the COVID-19 pandemic and the trend is expected to continue till mid-2021.
• Rising R&D activities from key players and technological advancement for the production of luxury furniture are anticipated to generate key opportunities for the market expansion during the projected period.

Scope of the Report

The report on the global luxury furniture market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Base Year	2019
Historic Data	2017–2018
Forecast Period	2020–2027
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

The size of the Luxury Furniture Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.28% during the forecast period.A niche in the luxury furniture market in the home furnishings arena is the designing and manufacture of beautiful, high-quality pieces of handmade craftsmanship. The bases would be solid wood, leather, or some kind of exotic textiles, and generally for its true craftsmanship and attention to detail along with a timeless design flair. Luxury furniture is not just a piece of furniture that adorns a room but rather an investment in lifestyles and personal taste. They are usually used to show luxury, class, and elegance in domestic or office spaces. Luxury furniture may be found in expensive residences, luxury hotels, and specialty store fronts. Luxury furniture is diverse. It may be used as a focal point in a room: this could be an excellent dining table or a statement sofa. And it may be an addition to the overall decor for unifying and harmonizing endeavors. Luxury furniture will add luxury to any space, whether big or small, traditional or modern. Recent developments include: In October 2022, Marge Carson, a manufacturer of handcrafted furniture based in California, was purchased by Linly Designs, an interior design and retail business in Chicago. The Marge Carson furniture line is famous not just in the United States but also around the world for its high quality, proportional forms, and textiles in the industry., In September 2022, introduced by Muebles Picó, the purpose of the new outdoor collections as part of an exhibit in Valencia is to deliberately blur the lines between indoors and outdoors by providing seamless, unnoticeable transitions to the outdoor living and dining areas.. Key drivers for this market are: Growing Wine Consumption Culture is Driving the Wine Cooler Market, Increasing Hospitality Industry's Wine Offering is Driving the Market. Potential restraints include: High Initial Costs of Wine Coolers Act as a Restraint. Notable trends are: Growing Urbanization is Driving the Market.

The global luxury furniture market size reached a value of approximately USD 25.38 Billion in 2024. The market is projected to grow at a CAGR of 5.30% between 2025 and 2034, reaching a value of around USD 42.54 Billion by 2034.

The size of the Europe Luxury Furniture Market was valued at USD 11.78 Million in 2023 and is projected to reach USD 18.00 Million by 2032, with an expected CAGR of 6.24% during the forecast period. Luxury furniture: The epitome of creativity and elegance, luxury furniture is always in the mainstream of European demand. With the magnificent embellishments of fine materials used in its creation as well as effortless trend, luxury furniture speaks beyond mere functionality to become a statement of refined taste and affluence. Made with great finesse, luxury furniture is not only including proper materials like exotic woods, fine leathers, and precious metals but perfectly comes together to exhibit a product that is more than mere furniture-it's art that engulfs the surroundings. Luxury furniture presents immense aesthetic value, but there are many other benefits also. First, its ergonomic design ensures a more comfortable position. Its durability and longevity make it very worthwhile. In homes, luxury furniture can give owners a sense of opulence and sophistication. The luxury tastes and discerning lifestyle cannot be undermined. Similarly, in commercial setups, in luxury hotels, restaurants, or boutiques, luxury furniture lends an air of exclusivity and prestige, qualifying the profile of the discerning clienteles. As a status symbol and success, luxury furniture will be a demand product in the European market and will fuel demand from exquisite craftsmanship and timeless design to be found in these pieces. Recent developments include: February 2023: Muebles Pico launched a new collection of luxury sofas and chairs named "Atlas." The collection features contemporary designs with clean lines and soft curves and incorporates high-quality materials such as leather and velvet., September 2022: Duresta Upholstery Ltd launched a new collection of luxury sofas and chairs named "Westwood." The collection features classic designs with a contemporary twist and incorporates high-quality materials such as velvet, leather, and wool.. Key drivers for this market are: The higher demand for space-saving and modular furniture solutions, Increasing demand for luxurious home furniture. Potential restraints include: Growing Demand for Second-hand furniture, High labor costs. Notable trends are: E-commerce Transforming Europe's Luxury Furniture Market.

The GCC Luxury Furniture Market report segments the industry into Product Type (Lighting, Tables, Chairs and Sofas, Accessories, Bedroom, Cabinets, Other Products), End User (Residential, Commercial), Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online, Other Distribution Channels), and Geography (Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Rest of GCC Countries).

Global Spa Luxury Furniture Market was valued at USD 512.3 million in 2023 and is expected to reach USD 654.2 million by 2029 with a CAGR of 4.5% during the forecast period.

Pages	182
Market Size	2023: USD 512.3 Million
Forecast Market Size	2029: USD 654.2 Million
CAGR	2024-2029: 4.5%
Fastest Growing Segment	Online
Largest Market	North America
Key Players	1. Green Sources Pvt. Ltd. 2. TouchAmerica, Inc 3. Earthlite, LLC 4. Gharieni Group GmbH 5. Greene Manufacturing, Inc 6. Oakworks Inc. 7. Design X Manufacturing, Inc. 8. Pibbs Industries 9. Rem UK LTD 10. Spa Source LLC