Luxury Furniture Market Dynamics 2033: Technology, Competitive Landscape, Strategies, Key Players, Analysis & Forecast
The luxury furniture market is no longer reserved for the elite; it’s an experience waiting to be crafted. This market, currently valued at a substantial USD 22.6 billion, is projected to reach a magnificent USD 38.97 billion by 2033, fuelled by a robust CAGR of 5.6%.
The appreciable rise in the real estate sector over recent years has intensified the demand for office and residential spaces. Further, the surging demand for office workspace, conducive corporate culture, and urban and semi-urban accommodation have supplemented the growth of the real estate sector.
Rising Construction Activities in Residential and Commercial Sectors Expected to Drive Market Growth
Indian Real Estate Sector Forecasted to Reach US$ 1 Trillion by 2030, Up from US$ 200 Billion in 2021, According to India Brand Equity Foundation (IBEF)
Real Estate Expected to Contribute 13% to India’s GDP by 2025