Asia-Pacific Luxury Furniture Market Forecast 2014 - 2020
Post on 22-Jul-2016
DESCRIPTIONFurniture forms a major facet of interiors in homes, hotels and offices. Key factors that differentiate a luxury furniture from non-luxury furniture are the quality of material used, aesthetic value, comparative price, and sophistication in design. Gradual improvement in economic conditions of various countries in the APAC region has led to increased disposable income of the consumers.
Asia-Pacific Luxury Furniture (China, India, Singapore, Malaysia, Japan) Market (Material, End Use and Country) - Analysis, Segmentation and Forecast, 2014 - 2020
Furniture forms a major facet of interiors in homes, hotels and offices. Key factors that differentiate a luxury furniture from non-luxury furniture are the quality of material used, aesthetic value, comparative price, and sophistication in design. Gradual improvement in economic conditions of various countries in the APAC region has led to increased disposable income of the consumers. Additionally, real-estate industry is also witnessing a substantial growth in this region. These factors coupled with urbanization and improving lifestyles of individuals, are accelerating the growth of the luxury furniture market in the Asia Pacific region. However, increasing cost of raw materials such as wood and leather, may restrain the market growth. Online retailing and the increasing demand of multifunctional furniture presents significant opportunities for the APAC luxury furniture market.
Based on material used for manufacturing of luxury furniture, the market has been segmented into metal, wood, plastic, glass and leather. The segment of wood furniture in the luxury furniture market, would remain the highest over the forecast period, as the wooden furniture is the most popular choice due its aesthetic appeal. Glass material segment would grow at the fastest rate during the forecast period, owing to its increasing adoption in the modern furniture designs. Based on end use, the market has been primarily categorized into domestic and commercial sector. Domestic end use market is further sub-segmented into kitchen, living & bedroom, bathroom, outdoors and lighting. Similarly, the commercial segment has been further categorized into office, hospitality and other commercial sectors. The domestic segment accounted for a larger market size as compared to the commercial segment, due to the extensive use of luxury furniture in homes. Living and bedroom segments accounted for approximately half of the market share in the domestic sector and is expected to be the biggest segment throughout the analysis period. In commercial segment, the hospitality sector has contributed for largest market share and would grow at a rapid pace over the forecast period. China would emerge as one of the most lucrative markets, in terms of growth, followed by India.
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The market is segmented based on material, end-use and countries. On the basis of materials, the market is segmented into metal, plastic, wood, glass, leather and others. The end-use segment comprises of domestic and commercial sectors. The domestic sector is further sub segmented into kitchen, living & bedroom, bathroom, outdoor and lighting. The commercial segment is further classified into office, hospitality and others. The APAC luxury furniture market is segmented across as China, India, Singapore, Malaysia, Japan and rest of Asia Pacific.
The key players in the market include JL&C Furniture Co. Ltd., PT. Wirasindo Santakarya, McMichael furniture, Kovacs Design furniture, De Bruin-Judge Furniture Ltd., De Bruin-Judge
Furniture Ltd., Dynamic Furniture Industries (M) Sdn Bhd, Far fast furniture, Falcon Incorporation PTE Ltd., Shanghai Casagi Furniture Ltd. and Wegmans Furniture Industries Sdn Bhd.
The study provides an in-depth analysis of the APAC luxury furniture market with current and future trends to elucidate the imminent investment pockets in the market
Current and future trends in the Asia Pacific countries are outlined to determine the overall attractiveness and to single out profitable trends in order to gain a stronger foothold in the APAC luxury furniture market
The report provides information regarding key drivers, restraints and opportunities with impact analysis
Quantitative analysis of the current market and forecast through 2015 - 2020 are provided to showcase the financial appetency of the market in various APAC countries
Porters Five Forces analysis of the APAC luxury furniture market illustrates the potency of the buyers & suppliers participating in the market
Value chain analysis in the report provides a clear understanding on the roles of stakeholders involved in the APAC luxury furniture
Key Market Segments
Asia-Pacific Luxury Furniture Market by Material
Metal Plastic Wood Glass Leather Others
Asia-Pacific Luxury Furniture Market by End Use
Domestic Use o Kitchen o Living and bedroom o Bathroom o Outdoor o Lighting
o Office o Hospitality o Others
Asia-Pacific Luxury Furniture Market by Country
China India Singapore Malaysia Japan Rest of Asia Pacific
JL&C Furniture Co. Ltd. PT. Wirasindo Santakarya McMichael furniture Kovacs Design furniture De Bruin-Judge Furniture Ltd. Dynamic Furniture Industries (M) Sdn Bhd Far fast furniture Falcon Incorporation PTE Ltd. Shanghai Casagi Furniture Ltd. Wegmans Furniture Industries Sdn Bhd.
TABLE OF CONTENTS:
2. Executive Summary
3. Market Overview
4. Asia Pacific Luxury Furniture Market by Material
5. Asia Pacific Luxury Furniture Market by End - Use
6. Asia Pacific Luxury Furniture Market by Country
7. Company Profiles
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