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World luxury furniture market

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Abstract

This market research provides an overview of the world luxury furniture market. In detail, the Report includes: Identification of the geographical areas with the highest potential in terms of luxury furniture consumption; Demand Drivers; Best luxury retail location; Distribution system; Supply Analysis. The Report is divided into ten main geographical areas: Central Europe, Middle East, China and Taiwan, North America, South America, India, Japan, Russia and North Africa, with some focuses on the main countries of each area. Average EBITDA for the European furniture manufacturers playing in the upper end market exceeds 8%: The overall market for luxury furniture is stable in Europe and United States, whereas it is quickly growing in China (+16% on average for Italian and German suppliers), Middle East (with a growing share for German players), Latin America (where US players show a relevant share). Just at its early steps the luxury furniture market in India. The Russian market, more turbulent, is dominated by Italian firms. On the other side, US and Japanese manufacturers show relevant shares in Asia. Particular attention is given to highlight the specific features and initiatives carried out by key players of the luxury furniture business such as most prestigious architects and interior design studios, the leading luxury furniture manufacturers and the main luxury hotel chains. This Report is the result of an in-deep methodology, including: Processing of macroeconomic data and home furniture sector statistics from CSIL databases; over 60 interviews carried out specifically for this Report; Study of the existing statistics on global wealth; Analysis of the national statistics for each country’s GDP and the number of millionaires. Investigation of the general documentation related to the demand characteristics: sector magazines and company websites; Analysis of non-confidential documents already in the CSIL databases. In appendix to the report:300 useful contacts for high-end and luxury furniture manufacturers , retailers, top design and architectural studios worldwide.

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Bibliographic Info

Paper provided by Centre for Industrial Studies (CSIL) in its series CSIL reports with number W21.

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Length: 149 pages
Date of creation: Jul 2013
Date of revision:
Handle: RePEc:mst:csilre:w21

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