According to Cognitive Market Research, The Global Luxury Furniture market size will be USD 22.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.90% from 2023 to 2030.
The demand for luxury furniture is a rising trend in home renovation and decoration among the urban population.
Demand for home decor projects in the luxury furniture market.
The leather and outdoor category held the highest luxury furniture market revenue share in 2023.
North America will continue to lead, whereas the European luxury Furniture market will experience the most substantial growth until 2030.
