Luxury Furniture Market Report 2026

The luxury furniture market size has grown strongly in recent years. It will grow from $26.89 billion in 2025 to $28.55 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growth in high-net-worth population, expansion of luxury residential projects, rising demand for premium interior design, strong offline luxury retail presence, availability of skilled craftsmanship.

The luxury furniture market size is expected to see strong growth in the next few years. It will grow to $37.03 billion in 2030 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to increasing demand for personalized luxury interiors, rising online luxury furniture penetration, growing focus on eco-luxury materials, expansion of hospitality and commercial luxury spaces, increasing influence of interior design trends. Major trends in the forecast period include increasing demand for custom-made luxury furniture, rising preference for sustainable premium materials, growing adoption of omnichannel luxury retail, expansion of bespoke craftsmanship offerings, enhanced focus on aesthetic personalization.

The growing utilization of wood is expected to drive the growth of the luxury furniture market in the coming years. Wood, a natural material derived from tree roots, stems, and branches, is increasingly in demand due to its sustainable and renewable properties, durability, and eco-friendly advantages over synthetic construction materials. In luxury furniture, wood is preferred for its natural aesthetic appeal, versatility, long-lasting durability, craftsmanship potential, customization options, enhanced resale value, natural insulation, and ease of maintenance. For instance, in June 2024, according to the National Resource Institute Finland, a Finland-based research institute under the Ministry of Agriculture and Forestry, Finland consumed 75.4 million cubic metres of roundwood in 2023, with 61.2 million cubic metres processed by the forest industry, including 57.8 million cubic metres of domestic roundwood and 3.3 million cubic metres of imported roundwood. Therefore, the increasing use of wood is driving the growth of the luxury furniture market.

The luxury furniture market is witnessing a surge in the popularity of advanced recycled materials as a prominent trend. Leading companies in the luxury furniture sector are embracing a new era of advanced recycled materials to produce sustainable luxury furniture, thereby maintaining their market positions. For example, in March 2023, House of Ecologie, a sustainable furniture and home goods brand based in the United States, introduced a range of environmentally friendly luxury capsule furniture crafted from innovative recycled materials. This collaboration encompasses various classic, handcrafted items designed to enhance contemporary and functional living spaces, aligning with Ecogensus' commitment to prioritizing the well-being of both people and the environment.

In April 2023, Cassina S.p.A., an Italian furniture manufacturing company, completed the acquisition of Zanotta SpA for an undisclosed sum. This strategic move by Cassina aims to bolster its product line and explore fresh ideas, ensuring the brand maintains sufficient operational flexibility to continue its artistic trajectory. Zanotta SpA, also based in Italy, operates in the high-end segment of the furniture manufacturing industry.

Major companies operating in the luxury furniture market are B B Italia, Poltrona Frau, Minotti, Cassina, Molteni C, Baxter, Flexform, Giorgetti, Roche Bobois, Boca do Lobo, Brabbu, Koket, Turri, Valderamobili, Duresta Upholstery, Christopher Guy, Jonathan Adler, Essential Home, Nella Vetrina, Armani Casa, Eichholtz.

Asia-Pacific was the largest region in the luxury furniture market in 2025 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the luxury furniture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The luxury furniture market consists of sales of dining sets, bedroom furniture, cabinets, bookcases, armchairs, and coffee tables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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