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Trending Luxury Furniture Market is Expected to Reach $27.01 Billion, Globally, by 2020 Luxury Furniture Market by Material (Metal, Plastic, Wood, Glass, Leather) and End Use (Domestic Use, Commercial Use) - Global Opportunity Analysis and Industry Forecast, 2014 - 2020 tusharJuly 9, 2021 17 Luxury Furniture Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $27.01 billion by 2020, registering a CAGR of 4.1% during the period 2015-2020. Asia Pacific would witness the fastest growth, owing to the rise in disposable incomes. Wooden luxury furniture has gained substantial demand worldwide, followed by metal. The high acceptance of wooden furniture is primarily due to durability and the modern yet antique look, which makes it a good fit for both household as well as the commercial usage.

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