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The luxury furniture market is expected to exceed 28.41 billion dollars by 2027

The luxury furniture market is expected to exceed 28.41 billion dollars by 2027

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According to the report “Luxury Furniture Market by Type (Tables, Chairs, Sofas & Lounges, Kitchen, Lighting, Interior Accessories, Beds), Distribution Channel (Online, Offline), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027”, by Global Market Insights Inc, the luxury furniture market valuation will exceed 28.41 billion dollars in 2027.

 

The Global Market Insight Inc report states that this growth will be driven by factors such as increased new construction, renovation activity and consumer spending on home improvements, as well as demand for luxury furniture.

 

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Indeed, the demand for luxury goods has surged since the lifestyles in emerging countries have improved significantly. Also, the increase in residential construction activities in emerging countries is driving the growth of the luxury furniture market.

 

Companies in the market include Bentley Home, Knoll, Inc, Boca do Lobo, MARIONI, IKEA Group, Brabbu, Herman Miller, Inc, Kohler, Haworth Inc, Furniture Concepts, HNI Corporation, and Godrej & Boyce Manufacturing Co, Ltd.

 

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