| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| 乐鱼体育官网 Size (2025) | USD 31.48 Billion |
| 乐鱼体育官网 Size (2030) | USD 39.32 Billion |
| CAGR (2025 - 2030) | 4.55 % |
| 乐鱼体育官网 Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Luxury Furniture 乐鱼体育官网 Analysis
The Asia-Pacific Luxury Furniture 乐鱼体育官网 size is estimated at USD 31.48 billion in 2025, and is expected to reach USD 39.32 billion by 2030, at a CAGR of 4.55% during the forecast period (2025-2030).
Furniture is required to decorate the interiors and exteriors of homes, hotels, and offices. The quality of material used, aesthetic value, comparative price, and sophistication in design are some of the key factors that differentiate luxury furniture from non-luxury furniture. Expert and inventive craftsmen use high-quality materials like metal, wood, glass, plastic, and leather to create luxury furniture.These luxury furnishings are designed with zero margin of error, thereby prolonging their durability.
Because of the COVID-19 outbreak, supply chains were messed up, there was a shortage of materials, and contracts were canceled to keep costs down.The lack of labor is also hampering the overall expansion of the luxury furniture 乐鱼体育官网, particularly in countries including India, China, and Japan. The outbreak of the COVID-19 pandemic acted as a massive restraint on the luxury furniture manufacturing 乐鱼体育官网 in the Asia-Pacific region in 2020. This may slow down the industry's growth during the forecast timeframe. Sales dropped by almost 70% as consumers had little opportunity to explore luxury furniture products. Major luxury furniture production happens in Italy, and all the Italian factories, including small and family-based fabriqueries, have temporarily shut down, which resulted in a decline in sales in the 乐鱼体育官网.
Asia-Pacific consumers have had more money to spend because the economies of different countries in the region have been slowly but steadily getting better.This high disposable income and inclination of consumers toward luxury furniture fuel 乐鱼体育官网 growth. The growing popularity of luxury indoor furniture, such as bedrooms, bathrooms, kitchens, and other types of furniture, is likely to augment the sales of luxury furniture in the domestic segment.
The 乐鱼体育官网 is witnessing an increase in demand for luxury furniture made from premium woods such as mahogany and alder. Also, the real estate and construction industries are expected to grow substantially in this region. In addition to this, urbanization and the improving lifestyles of individuals are some of the important factors responsible for the prominent growth of the Asia-Pacific luxury furniture 乐鱼体育官网. Moreover, the rise in the need to manufacture eco-friendly luxury furniture is expected to offer lucrative opportunities for 乐鱼体育官网 expansion in the forthcoming years. However, factors such as the increasing cost of raw materials, specifically wood and leather, would limit the Asia-Pacific luxury furniture 乐鱼体育官网's growth.
APAC Luxury Furniture 乐鱼体育官网 Trends
Growing Demand for Luxury Home Furniture Products Through Online Distribution Channel
Increasing internet penetration, rising disposable income, digitalization, and developing economies in the Asia Pacific are the major factors boosting online commerce creating a positive externality for sales of luxury furniture sales with a surge in online sales of luxury furniture products. Leading Asia-Pacific economies of India and China have emerged as the biggest 乐鱼体育官网 over the period for sales of furniture through online channels with continuous growth expected over the coming period. Online retailing by luxury furniture manufacturers is increasing product choice and variety for buyers with a wide range of payment methods being available including lucrative discounts stimulating the purchase decisions of customers. The rising digitalization of luxury furniture and interior shopping is offering immense potential to retailers leading to players such as IKEA, Amazon, and others investing heavily to increase their online luxury furniture sales and revenue.
Understand The Key Trends Shaping This 乐鱼体育官网
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China Residential Segment Driving The 乐鱼体育官网
China with its increasing disposable income and the focus on aesthetics and urban lifestyles is leading to an increase in the usage of high-end furniture products by the residents. Rising urbanization and industrialization with increasing penetration of online retailing are leading to increased customer spending on luxury furniture. Revenue of the luxury goods 乐鱼体育官网 in China is observing a continuous increase over the years creating a positive externality for luxury furniture sales. The installation of luxury furniture is improving residential unit appearance in China and boosting its value. Luxury furniture made from wood and metal is gaining popularity among consumers due to its high aesthetic value and durability with emerging eco-friendly and multifunctional luxury furniture also supporting 乐鱼体育官网 growth in the country with residential remodeling and replacement are expected to drive the luxury furniture demand over the coming period, as homeowners replace older furniture with newer products that offer enhanced visuals.
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APAC Luxury Furniture Industry Overview
The report covers major international players operating in the Asia-Pacific luxury furniture 乐鱼体育官网. In terms of 乐鱼体育官网 share, we signed a partnership with Truong Thanh Furniture Corporation ("TTF"), a leading listed company in the furniture sector, located in Vietnam. Some of the major players currently dominate the 乐鱼体育官网. However, with technological advancements and product innovations, midsize to smaller companies are increasing their 乐鱼体育官网 presence by securing new contracts and tapping new 乐鱼体育官网s.
APAC Luxury Furniture 乐鱼体育官网 Leaders
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Shanghai JL&C Furniture Co., Ltd.
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PT. Wirasindo Santakarya
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McMichael Furniture
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IKEA
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Kovacs Design Furniture
- *Disclaimer: Major Players sorted in no particular order
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APAC Luxury Furniture 乐鱼体育官网 News
- April 2023: Ikea鈥檚 virtual interior design service brings in a pro to pick out new furniture. Ikea has a new interior design service that just might help you over that mental barrier of attempting to make a beautiful, modern, and functional space.
- May 2022: Steelcase acquired Halcon, which is a Minnesota-based designer and manufacturer of precision-tailored wood furniture for the workplace. This acquisition will expand the portfolio of Steelcase wood products, offering uncompromising design and master craftsmanship to professionals and customers. Halcon exists as a leader in custom wood and executive-level tables, credenzas, and desks.
- May 2022: Natuzzi, which is one of the most renowned brands in the production and distribution of design and luxury furniture, signed a partnership with Truong Thanh Furniture Corporation, a leading listed company in the furniture sector, located in Vietnam, as part of its expansion in the Asian region.
APAC Luxury Furniture Industry Segmentation
Luxury furniture helps you live in style and comfort, with pieces that are elegant, luxurious, and indulgent.They are manufactured with the best available material and craftsmanship and enhanced with beautiful elements.
The Asia-Pacific Luxury Furniture 乐鱼体育官网 Is Segmented By Product Type (Lighting, Tables, Chairs, Sofas, Accessories, Bedrooms, Cabinets, And Other Product Types), End User (Residential And Commercial), Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online, And Other Distribution Channels), And Geography (Japan, India, China, Singapore, Malaysia, And Other Asia-Pacific Countries). The Report Offers 乐鱼体育官网 Size And Forecasts For The Asia-Pacific Luxury Furniture 乐鱼体育官网 In Volume (Number Of Products) And Value (USD) For All The Above Segments.
| 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 | |
| Geography | Japan |
| India | |
| China | |
| Singapore | |
| Malaysia | |
| Other Asia-Pacific Countries |
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APAC Luxury Furniture 乐鱼体育官网 Research FAQs
How big is the Asia-Pacific Luxury Furniture 乐鱼体育官网?
The Asia-Pacific Luxury Furniture 乐鱼体育官网 size is expected to reach USD 31.48 billion in 2025 and grow at a CAGR of 4.55% to reach USD 39.32 billion by 2030.
What is the current Asia-Pacific Luxury Furniture 乐鱼体育官网 size?
In 2025, the Asia-Pacific Luxury Furniture 乐鱼体育官网 size is expected to reach USD 31.48 billion.
Who are the key players in Asia-Pacific Luxury Furniture 乐鱼体育官网?
Shanghai JL&C Furniture Co., Ltd., PT. Wirasindo Santakarya, McMichael Furniture, IKEA and Kovacs Design Furniture are the major companies operating in the Asia-Pacific Luxury Furniture 乐鱼体育官网.
What years does this Asia-Pacific Luxury Furniture 乐鱼体育官网 cover, and what was the 乐鱼体育官网 size in 2024?
In 2024, the Asia-Pacific Luxury Furniture 乐鱼体育官网 size was estimated at USD 30.05 billion. The report covers the Asia-Pacific Luxury Furniture 乐鱼体育官网 historical 乐鱼体育官网 size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Luxury Furniture 乐鱼体育官网 size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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APAC Luxury Furniture Industry Report
Statistics for the 2025 Asia-Pacific Luxury Furniture 乐鱼体育官网 share, size and revenue growth rate, created by Mordor Intelligence鈩� Industry Reports. Asia-Pacific Luxury Furniture analysis includes a 乐鱼体育官网 forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
