About Luxury Chairs
The global luxury chairs market is expected to witness high growth in the forecasted period due to rapid urbanization and upliftment in the consumer living standards in developing countries such as India, South Africa, and China. The manufactures of luxury chairs have provided comfort and luxury products with sustainability and innovative design. Additional, developing luxury chairs for relatively spaces like hall is increasing globally and that is projected the growth of the luxury chairs market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.5% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Luxury Chairs market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Steelcase (United States), Herman Miller (United States), Haworth (United States), HNI Group (United States), Okamura Corporation (Japan), Kimball (United States), AURORA (Australia), TopStar (Germany), Bristol (Malaysia) and True Innovations (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nowy Styl, SUNON GROUP, Knoll, UE Furniture and Quama Group.
Segmentation Overview
AMA Research has segmented the market of Global Luxury Chairs market by Type (Fixed Type, Adjustable Type and Swivel chairs), Application (Enterprise Procurement, Government Procurement, School Procurement and Individual Procurement) and Region.
On the basis of geography, the market of Luxury Chairs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Adoption of E-Commerce Retail Stores by Market Players and Key Manufacturers are Promoting their Brands through Social Media and Television Commercials Platforms
Market Growth Drivers:
Increasing Disposable Income among Consumers across the World and The Growth in Luxury Chairs Development in Various Geographic Regions
Challenges:
Availability of Counterfeit Products and Complexity in Supply Chain & Logistics is Posing a Challenge for the Luxury Chairs Market
Restraints:
Robust Competitive Rivalry Might Stagnant Demand of Luxury Chairs
Opportunities:
Huge Demand for Premium Hotels Due to Increased Tourism and High Adoption Due to Growing Consumer Spending across the Wold
Market Leaders and their expansionary development strategies
In May 2023, luxury interior design and staging firm, said the acquisitions represent “a significant milestone” for the company by allowing it to expand its reach to the mass market
In Apri 2023,Karl Lagerfeld‘s namesake brand is launching a luxury furniture line and homeware range. The line will be presented at the Salone del Mobile trade show in Milan later this month.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.