Luxury Furniture Market Size To Reach $39.79 Billion By 2030

Luxury Furniture Market Growth & Trends

The global luxury furniture market size is estimated to reach USD 39.79 billion by 2030, registering to grow at a CAGR of 4.2% from 2025 to 2030 according to a new report by Grand View Research, Inc. This expected growth in demand can be ascribed to rapid urbanization and growing demand for home furnishings. 

Additionally, disposable income of individuals in North America and Asia-Pacific region has also witnessed high growth. Thus, increasing disposable income of individuals is acting as a major driver for the industry progress. 

Luxurious products are becoming an essential part of life; as a result, population is ready to spend on luxurious products. This would contribute to drive the sector growth. In addition, increasing disposable income of individuals has led to think regarding the social status, driving the increased spending on products including furniture. 

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Luxury Furniture Market Report Highlights

• Wood dominated the market with the largest revenue share of 24.5% in 2024. Wood is a timeless and versatile material, highly valued for its aesthetic appeal and durability. 

• Domestic dominated the market with the largest revenue share in 2024 owing to the rising demand for high-quality, bespoke furniture that enhances home interiors.

• Asia Pacific luxury furniture market dominated the global market with the largest revenue share of 30.7% in 2024.

Luxury Furniture Market Segmentation

Grand View Research has segmented the global luxury furniture market based on material, end-use, and region:

Luxury Furniture By Material Outlook (Revenue, USD Billion, 2018 - 2030)

• Wood

• Metal

• Glass

• Leather

• Plastic

• Others

Luxury Furniture By End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Domestic

  • Living & Bedroom

  • Kitchen

  • Lighting

  • Outdoor

  • Bathroom

• Commercial

  • Hospitality

  • Office

  • Others

Luxury Furniture Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico 

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

List of Key Players in Luxury Furniture Market

• Duresta

• Mobelcenter

• Valderamobili

• Giovanni Visentin

• SCAVOLINI S.P.A.

• LAURA ASHLEY HOLDINGS PLC

• Iola Modern

• Nella Vetrina

• Henredon