Luxury furniture having different style, beauty, security, comfort and more. Style will frequently differ a big deal when used in luxurious pieces. Style belongs into two category such as classic and modern. Another key feature of luxury furniture is type of material used, some of customers uses solid frames and some of customer uses expensive material such as silk or leather.

Luxury furniture contain different movable parts which show-case the top of an best quality & design related with a particular period. Different furniture industries are concerned regarding their carbon footprints presenting environment friendly options. Since skills are developed the furniture designers find new innovative. Luxury furniture should contain low toxicity because it gives harmful impact on customers health.

The luxury furniture market is expected to exceed more than US$27 billion by 2020.

The major driving factors of luxury furniture market are as follows:

• Growing disposable income.

• Rapid urbanization.

• Increase in real estate industry.

• Change in life style of customer.

• Changing activities of customer.

The restraints factors of luxury furniture market are as follows:

• Requirement of expert labor force.

• Rising price of raw materials

The luxury furniture market is segmented on the lines of its material and end user . The luxury furniture market is segmented on the lines of its material like metal, plastic, wood, glass, leather and others. The luxury furniture market is segmented on the lines of its end user like domestic use and commercial use. The domestic use is further divided into kitchen, living and bedroom, bathroom, outdoor and lighting. Under commercial segmentation it covered into office, hospitality and others. The luxury furniture market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

(Source: openpr)