In this article we will discuss the 16 most expensive furniture brands in the world. If you want to skip our detailed analysis of the global furniture market, you can go directly to see 5 Most Expensive Furniture Brands in the World.
The Growing Furniture Market
The global furniture market has managed to grow exponentially over the years owing to the rising interest of the masses in high end brands and curating pieces that match their aesthetic. Such trends in the furniture market are largely driven by social media and rising disposable income, driving people to invest their money into such luxuries.
According to a report by Research and Markets, the furniture market was valued at around $652.4 billion in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 5.57% during 2023-2028, pushing the market to reach around $855.49 billion by the end of the forecasted period. The global expansion of the e-commerce market has made it easier than ever for the masses to gain access to furniture products and services. High end furniture companies provide services that allow designing furniture online based on customers’ personal preferences.
Social media is the backbone of any successful e-commerce market as social media platforms stimulate the most response through various marketing strategies. Furniture companies have started leaning towards innovative and eco-friendly designs to gain the attention of their target audience. The combination of social media marketing and high quality eco-friendly furniture is expected to drive sales and positively influence the global furniture market.
What are Some of the Top Furniture Companies Up To?
IKEA is a Swedish multinational ready-to-assemble furniture chain that also houses other home accessories such as textiles, lighting and home decor. It is one of the world’s largest furniture retailers and has stores
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