Luxury Furniture Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel
MarkNtel Advisors recently published a detailed industry analysis of the Luxury Furniture Market . The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market. Luxury Furniture Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030 The 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% during the forecast period, i.e., 2024-30. What are the major Driver the Luxury Furniture industry? 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 addit...