Paper, Plastics, Rubber, Wood And Textile

Luxury Furniture Market to Grow at a CAGR of 6.5% from 2025 to 2029

November 14, 2025 by The Business Research Company

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What Are The Growth Projections For The Luxury Furniture Market Size During 2025–2029?

The luxury furniture market has seen strong performance in recent years. It will grow from $25.55 billion in 2024 to $26.89 billion in 2025 at a CAGR of 5.2%. Growth during the historic period was driven by rising economic prosperity, trends in architecture and interior design, expansion of luxury real estate, cultural influences, and celebrity and influencer endorsements.

Anticipation surrounds the luxury furniture sector, predicting a robust expansion trajectory over the forthcoming years, culminating in a market valuation of $34.52 billion by 2029, projected to expand at a compound annual growth rate (CAGR) of 6.5%. This upward trend is fundamentally driven by several key factors, notably the surge in luxury online retail, a growing emphasis on environmentally conscious and sustainable methods, shifts in global asset distribution, and an increased focus on incorporating comfort and well-being into design aesthetics, alongside the previously mentioned proliferation of luxury e-commerce. Concurrently, this period is characterized by several emergent market dynamics, such as the integration of digital technology into both design processes and personalization options, strategic partnerships forged with current artistic talents, demands for greater openness regarding the origins of materials, the incorporation of diverse and inclusive design concepts, and the increasing adoption of virtual and augmented reality platforms to enhance the consumer purchasing experience.

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Which Factors And Drivers Are Influencing The Luxury Furniture Market In 2025?

The escalating frequency of residential upgrades is anticipated to fuel the expansion of the high-end furniture sector henceforth; this process involves substantial modification, betterment, or improving of a dwelling. Premium furnishings, by imbuing living spaces with elegance, flair, and refinement, constitute a central element in these refurbishment endeavors. To illustrate this point, data from the Harvard Joint Center for Housing Studies, a US institution specializing in housing research, indicated in January 2023 that total expenditures for upkeep and remodeling of owner-occupied residences across the nation are projected to amount to $485 billion throughout 2023, signifying a 2.6 percent year-over-year rise. Consequently, this upward trajectory in residential refurbishment activities is directly stimulating the expansion of the market for luxury furniture.

What Are The Segment Types Shaping The Luxury Furniture Market?

The luxury furniture market covered in this report is segmented –

1) By Type: Tables, Chairs, Sofas And Lounges, Kitchen, Lighting, Interior Accessories, Beds, Other Types

2) By Material: Wood, Metal, Plastic, Glass, Leathers, Other Materials

3) By Distribution Channel: Online, Offline

4) By End User: Residential, Commercial

Subsegments:

1) By Tables: Dining Tables, Coffee Tables, Side Tables, Console Tables

2) By Chairs: Dining Chairs, Lounge Chairs, Office Chairs, Accent Chairs

3) By Sofas And Lounges: Sectional Sofas, Recliners, Sofa Beds, Loveseats

4) By Kitchen: Kitchen Islands, Bar Stools, Cabinets And Storage Solutions

5) By Lighting: Chandeliers, Floor Lamps, Table Lamps, Wall Sconces

6) By Interior Accessories: Decorative Cushions, Rugs, Art And Wall Decor

7) By Beds: King And Queen Beds, Canopy Beds, Platform Beds, Bedside Tables

8) By Other Types: Outdoor Furniture, Custom-Made Furniture, Furniture For Commercial Spaces

How Are Trends Influencing The Luxury Furniture Market?

A significant current trend gaining traction within the high-end furniture sector involves the utilization of sophisticated recycled substances. Leading firms active in this luxury segment are incorporating a fresh cadre of advanced recycled components to facilitate the production of eco-conscious, upscale furnishings, thereby maintaining their competitive standing. As an illustration, during March of 2023, the US company known as House of Ecologie, which specializes in sustainable home goods and furniture, introduced an exclusive collection of luxury capsule pieces crafted from novel recycled inputs, underscoring their commitment to environmental integrity. This joint effort is set to encompass a selection of timeless, artisanal objects intended to augment modern, practical living spaces, reflecting Ecogensus’ core principle of prioritizing both human well-being and ecological health.

Who Are The Core Companies Influencing The Luxury Furniture Market Landscape?

Major companies operating in the luxury furniture market include IKEA Systems B.V., Ralph Lauren Home, La-Z-Boy Incorporated, Heritage Home Group LLC, Arhaus LLC, Bentley Home, Luxury Living Group, Cassina S.p.A, Scavolini S.p.A., Meco Corporation, Boca do Lobo, DelightFULL, Castlery, Jonathan Adler, Brabbu, Iola Furniture Limited, Turri Srl, Nella Vetrina, Koket, Henredon Furniture Industries Inc., Muebles Pico SA, Valderamobili s.r.l, Artifox, Giovanni Visentin s.r.l, Duresta Upholstery Ltd., Mueble de España, Essential Home, Thomas Blakemore Ltd., Anna Casa Interiors

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Which Geographies Are Emerging As Strong Markets For The Luxury Furniture Industry?

Asia-Pacific was the largest region in the luxury furniture market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the luxury furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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