The Latin America, Middle East and Africa Luxury Furniture Market would witness market growth of 8.1% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Luxury Furniture Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $646.3 million by 2031. The Argentina market is showcasing a CAGR of 8.4% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.8% during (2024 - 2031).
The market is characterized by dynamic trends that reflect evolving consumer preferences, technological advancements, and shifts in societal values. These trends influence the design and functionality of this furniture and how it is marketed and sold. For example, an increasing number of consumers are prioritizing environmental impact in their purchasing decisions. In response, the furniture brands focus on sustainable practices, including using recycled materials, sustainably sourced wood, and non-toxic finishes.
Also, today’s furniture buyers seek pieces customized to their specific preferences in size, material, color, and finish. This desire for personalization allows them to ensure that their furniture fits perfectly within their space and matches their style. Luxury brands increasingly offer bespoke services that allow for extensive customization, making furniture buying more personal and involved.
UAE, particularly in cities like Dubai and Abu Dhabi, is known for its luxury real estate developments. These high-end residential projects, including upscale apartments, villas, and gated communities, require premium furnishings to match their luxurious appeal, driving demand for luxury furniture. As per the Dubai Statistics Center, in 2022, there were 13,236 buildings under construction in Dubai and 1,941 completed buildings. Rapid urbanization has increased demand for housing, commercial spaces, and public amenities. Cities like Dubai and Abu Dhabi have grown substantially, requiring more infrastructure and real estate developments. The UAE attracts many expatriates and high-net-worth individuals who seek high-quality, stylish living spaces. This affluent demographic is willing to invest in luxury furniture to furnish their homes, boosting the market for premium furniture. Therefore, increasing regional commercial and residential construction is driving the market's growth.
Free Valuable Insights: The Worldwide Luxury Furniture Market is Projected to reach USD 34.5 Billion by 2031, at a CAGR of 5.4%
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Materials, the market is segmented into Wood, Metal, Leathers, Glass, Plastic, and Others. Based on End User, the market is segmented into Residential (Living & Bedroom, Kitchen, Outdoor, Lighting, and Bathroom), and Commercial (Hospitality, Office, and Others). Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Ashley Furniture Industries, LLC
- Lee Industries, Inc. (American Leather Holdings LLC)
- Maiden Home, Inc.
- Williams-Sonoma, Inc.
- Kimball International, Inc.
- Century Furniture LLC (RHF Investments, Inc.)
- Duresta Upholstery Limited
- Giovanni Visentin S.r.l.
- Scavolini S.p.A.
- Muebles Pico S.A.
LAMEA Luxury Furniture Market Report Segmentation
By Distribution Channel
By Materials
- Wood
- Metal
- Leathers
- Glass
- Plastic
- Others
By End User
- Residential
- Living & Bedroom
- Kitchen
- Outdoor
- Lighting
- Bathroom
- Commercial
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA Luxury Furniture Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Luxury Furniture Market, 2024 - 2031, USD Million
TABLE 3 LAMEA Luxury Furniture Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 4 LAMEA Luxury Furniture Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 5 LAMEA Offline Market by Country, 2020 - 2023, USD Million
TABLE 6 LAMEA Offline Market by Country, 2024 - 2031, USD Million
TABLE 7 LAMEA Online Market by Country, 2020 - 2023, USD Million
TABLE 8 LAMEA Online Market by Country, 2024 - 2031, USD Million
TABLE 9 LAMEA Luxury Furniture Market by Materials, 2020 - 2023, USD Million
TABLE 10 LAMEA Luxury Furniture Market by Materials, 2024 - 2031, USD Million
TABLE 11 LAMEA Wood Market by Country, 2020 - 2023, USD Million
TABLE 12 LAMEA Wood Market by Country, 2024 - 2031, USD Million
TABLE 13 LAMEA Metal Market by Country, 2020 - 2023, USD Million
TABLE 14 LAMEA Metal Market by Country, 2024 - 2031, USD Million
TABLE 15 LAMEA Leathers Market by Country, 2020 - 2023, USD Million
TABLE 16 LAMEA Leathers Market by Country, 2024 - 2031, USD Million
TABLE 17 LAMEA Glass Market by Country, 2020 - 2023, USD Million
TABLE 18 LAMEA Glass Market by Country, 2024 - 2031, USD Million
TABLE 19 LAMEA Plastic Market by Country, 2020 - 2023, USD Million
TABLE 20 LAMEA Plastic Market by Country, 2024 - 2031, USD Million
TABLE 21 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 22 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 23 LAMEA Luxury Furniture Market by End User, 2020 - 2023, USD Million
TABLE 24 LAMEA Luxury Furniture Market by End User, 2024 - 2031, USD Million
TABLE 25 LAMEA Residential Market by Country, 2020 - 2023, USD Million
TABLE 26 LAMEA Residential Market by Country, 2024 - 2031, USD Million
TABLE 27 LAMEA Luxury Furniture Market by Residential Type, 2020 - 2023, USD Million
TABLE 28 LAMEA Luxury Furniture Market by Residential Type, 2024 - 2031, USD Million
TABLE 29 LAMEA Living & Bedroom Market by Country, 2020 - 2023, USD Million
TABLE 30 LAMEA Living & Bedroom Market by Country, 2024 - 2031, USD Million
TABLE 31 LAMEA Kitchen Market by Country, 2020 - 2023, USD Million
TABLE 32 LAMEA Kitchen Market by Country, 2024 - 2031, USD Million
TABLE 33 LAMEA Outdoor Market by Country, 2020 - 2023, USD Million
TABLE 34 LAMEA Outdoor Market by Country, 2024 - 2031, USD Million
TABLE 35 LAMEA Lighting Market by Country, 2020 - 2023, USD Million
TABLE 36 LAMEA Lighting Market by Country, 2024 - 2031, USD Million
TABLE 37 LAMEA Bathroom Market by Country, 2020 - 2023, USD Million
TABLE 38 LAMEA Bathroom Market by Country, 2024 - 2031, USD Million
TABLE 39 LAMEA Commercial Market by Country, 2020 - 2023, USD Million
TABLE 40 LAMEA Commercial Market by Country, 2024 - 2031, USD Million
TABLE 41 LAMEA Luxury Furniture Market by Commercial Type, 2020 - 2023, USD Million
TABLE 42 LAMEA Luxury Furniture Market by Commercial Type, 2024 - 2031, USD Million
TABLE 43 LAMEA Hospitality Market by Country, 2020 - 2023, USD Million
TABLE 44 LAMEA Hospitality Market by Country, 2024 - 2031, USD Million
TABLE 45 LAMEA Office Market by Country, 2020 - 2023, USD Million
TABLE 46 LAMEA Office Market by Country, 2024 - 2031, USD Million
TABLE 47 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 48 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 49 LAMEA Luxury Furniture Market by Country, 2020 - 2023, USD Million
TABLE 50 LAMEA Luxury Furniture Market by Country, 2024 - 2031, USD Million
TABLE 51 Brazil Luxury Furniture Market, 2020 - 2023, USD Million
TABLE 52 Brazil Luxury Furniture Market, 2024 - 2031, USD Million
TABLE 53 Brazil Luxury Furniture Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 54 Brazil Luxury Furniture Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 55 Brazil Luxury Furniture Market by Materials, 2020 - 2023, USD Million
TABLE 56 Brazil Luxury Furniture Market by Materials, 2024 - 2031, USD Million
TABLE 57 Brazil Luxury Furniture Market by End User, 2020 - 2023, USD Million
TABLE 58 Brazil Luxury Furniture Market by End User, 2024 - 2031, USD Million
TABLE 59 Brazil Luxury Furniture Market by Residential Type, 2020 - 2023, USD Million
TABLE 60 Brazil Luxury Furniture Market by Residential Type, 2024 - 2031, USD Million
TABLE 61 Brazil Luxury Furniture Market by Commercial Type, 2020 - 2023, USD Million
TABLE 62 Brazil Luxury Furniture Market by Commercial Type, 2024 - 2031, USD Million
TABLE 63 Argentina Luxury Furniture Market, 2020 - 2023, USD Million
TABLE 64 Argentina Luxury Furniture Market, 2024 - 2031, USD Million
TABLE 65 Argentina Luxury Furniture Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 66 Argentina Luxury Furniture Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 67 Argentina Luxury Furniture Market by Materials, 2020 - 2023, USD Million
TABLE 68 Argentina Luxury Furniture Market by Materials, 2024 - 2031, USD Million
TABLE 69 Argentina Luxury Furniture Market by End User, 2020 - 2023, USD Million
TABLE 70 Argentina Luxury Furniture Market by End User, 2024 - 2031, USD Million
TABLE 71 Argentina Luxury Furniture Market by Residential Type, 2020 - 2023, USD Million
TABLE 72 Argentina Luxury Furniture Market by Residential Type, 2024 - 2031, USD Million
TABLE 73 Argentina Luxury Furniture Market by Commercial Type, 2020 - 2023, USD Million
TABLE 74 Argentina Luxury Furniture Market by Commercial Type, 2024 - 2031, USD Million
TABLE 75 UAE Luxury Furniture Market, 2020 - 2023, USD Million
TABLE 76 UAE Luxury Furniture Market, 2024 - 2031, USD Million
TABLE 77 UAE Luxury Furniture Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 78 UAE Luxury Furniture Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 79 UAE Luxury Furniture Market by Materials, 2020 - 2023, USD Million
TABLE 80 UAE Luxury Furniture Market by Materials, 2024 - 2031, USD Million
TABLE 81 UAE Luxury Furniture Market by End User, 2020 - 2023, USD Million
TABLE 82 UAE Luxury Furniture Market by End User, 2024 - 2031, USD Million
TABLE 83 UAE Luxury Furniture Market by Residential Type, 2020 - 2023, USD Million
TABLE 84 UAE Luxury Furniture Market by Residential Type, 2024 - 2031, USD Million
TABLE 85 UAE Luxury Furniture Market by Commercial Type, 2020 - 2023, USD Million
TABLE 86 UAE Luxury Furniture Market by Commercial Type, 2024 - 2031, USD Million
TABLE 87 Saudi Arabia Luxury Furniture Market, 2020 - 2023, USD Million
TABLE 88 Saudi Arabia Luxury Furniture Market, 2024 - 2031, USD Million
TABLE 89 Saudi Arabia Luxury Furniture Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 90 Saudi Arabia Luxury Furniture Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 91 Saudi Arabia Luxury Furniture Market by Materials, 2020 - 2023, USD Million
TABLE 92 Saudi Arabia Luxury Furniture Market by Materials, 2024 - 2031, USD Million
TABLE 93 Saudi Arabia Luxury Furniture Market by End User, 2020 - 2023, USD Million
TABLE 94 Saudi Arabia Luxury Furniture Market by End User, 2024 - 2031, USD Million
TABLE 95 Saudi Arabia Luxury Furniture Market by Residential Type, 2020 - 2023, USD Million
TABLE 96 Saudi Arabia Luxury Furniture Market by Residential Type, 2024 - 2031, USD Million
TABLE 97 Saudi Arabia Luxury Furniture Market by Commercial Type, 2020 - 2023, USD Million
TABLE 98 Saudi Arabia Luxury Furniture Market by Commercial Type, 2024 - 2031, USD Million
TABLE 99 South Africa Luxury Furniture Market, 2020 - 2023, USD Million
TABLE 100 South Africa Luxury Furniture Market, 2024 - 2031, USD Million
TABLE 101 South Africa Luxury Furniture Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 102 South Africa Luxury Furniture Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 103 South Africa Luxury Furniture Market by Materials, 2020 - 2023, USD Million
TABLE 104 South Africa Luxury Furniture Market by Materials, 2024 - 2031, USD Million
TABLE 105 South Africa Luxury Furniture Market by End User, 2020 - 2023, USD Million
TABLE 106 South Africa Luxury Furniture Market by End User, 2024 - 2031, USD Million
TABLE 107 South Africa Luxury Furniture Market by Residential Type, 2020 - 2023, USD Million
TABLE 108 South Africa Luxury Furniture Market by Residential Type, 2024 - 2031, USD Million
TABLE 109 South Africa Luxury Furniture Market by Commercial Type, 2020 - 2023, USD Million
TABLE 110 South Africa Luxury Furniture Market by Commercial Type, 2024 - 2031, USD Million
TABLE 111 Nigeria Luxury Furniture Market, 2020 - 2023, USD Million
TABLE 112 Nigeria Luxury Furniture Market, 2024 - 2031, USD Million
TABLE 113 Nigeria Luxury Furniture Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 114 Nigeria Luxury Furniture Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 115 Nigeria Luxury Furniture Market by Materials, 2020 - 2023, USD Million
TABLE 116 Nigeria Luxury Furniture Market by Materials, 2024 - 2031, USD Million
TABLE 117 Nigeria Luxury Furniture Market by End User, 2020 - 2023, USD Million
TABLE 118 Nigeria Luxury Furniture Market by End User, 2024 - 2031, USD Million
TABLE 119 Nigeria Luxury Furniture Market by Residential Type, 2020 - 2023, USD Million
TABLE 120 Nigeria Luxury Furniture Market by Residential Type, 2024 - 2031, USD Million
TABLE 121 Nigeria Luxury Furniture Market by Commercial Type, 2020 - 2023, USD Million
TABLE 122 Nigeria Luxury Furniture Market by Commercial Type, 2024 - 2031, USD Million
TABLE 123 Rest of LAMEA Luxury Furniture Market, 2020 - 2023, USD Million
TABLE 124 Rest of LAMEA Luxury Furniture Market, 2024 - 2031, USD Million
TABLE 125 Rest of LAMEA Luxury Furniture Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 126 Rest of LAMEA Luxury Furniture Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 127 Rest of LAMEA Luxury Furniture Market by Materials, 2020 - 2023, USD Million
TABLE 128 Rest of LAMEA Luxury Furniture Market by Materials, 2024 - 2031, USD Million
TABLE 129 Rest of LAMEA Luxury Furniture Market by End User, 2020 - 2023, USD Million
TABLE 130 Rest of LAMEA Luxury Furniture Market by End User, 2024 - 2031, USD Million
TABLE 131 Rest of LAMEA Luxury Furniture Market by Residential Type, 2020 - 2023, USD Million
TABLE 132 Rest of LAMEA Luxury Furniture Market by Residential Type, 2024 - 2031, USD Million
TABLE 133 Rest of LAMEA Luxury Furniture Market by Commercial Type, 2020 - 2023, USD Million
TABLE 134 Rest of LAMEA Luxury Furniture Market by Commercial Type, 2024 - 2031, USD Million
TABLE 135 Key Information - Ashley Furniture Industries, LLC
TABLE 136 Key Information – Lee Industries, Inc.
TABLE 137 Key Information – Maiden Home, Inc.
TABLE 138 Key Information – Williams-Sonoma, Inc.
TABLE 139 Key Information – Kimball International INC.
TABLE 140 Key Information – century furniture llc
TABLE 141 Key Information – Duresta Upholstery Limited
TABLE 142 Key Information – Giovanni Visentin s.r.l.
TABLE 143 Key Information – Scavolini S.p.A.
TABLE 144 Key Information – Muebles Pico S.A.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Luxury Furniture Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Luxury Furniture Market
FIG 4 Porter’s Five Forces Analysis – Luxury Furniture Market
FIG 5 LAMEA Luxury Furniture Market share by Distribution Channel, 2023
FIG 6 LAMEA Luxury Furniture Market share by Distribution Channel, 2031
FIG 7 LAMEA Luxury Furniture Market by Distribution Channel, 2020 - 2031, USD Million
FIG 8 LAMEA Luxury Furniture Market share by Materials, 2023
FIG 9 LAMEA Luxury Furniture Market share by Materials, 2031
FIG 10 LAMEA Luxury Furniture Market by Materials, 2020 - 2031, USD Million
FIG 11 LAMEA Luxury Furniture Market share by End User, 2023
FIG 12 LAMEA Luxury Furniture Market share by End User, 2031
FIG 13 LAMEA Luxury Furniture Market by End User, 2020 - 2031, USD Million
FIG 14 LAMEA Luxury Furniture Market share by Country, 2023
FIG 15 LAMEA Luxury Furniture Market share by Country, 2031
FIG 16 LAMEA Luxury Furniture Market by Country, 2020 - 2031, USD Million
FIG 17 SWOT Analysis: Ashley Furniture Industries, LLC
FIG 18 SWOT Analysis: Lee Industries, Inc.
FIG 19 SWOT Analysis: Maiden Home, Inc.
FIG 20 SWOT Analysis: Williams-Sonoma, Inc.
FIG 21 SWOT Analysis: Kimball International, Inc.
FIG 22 SWOT Analysis: Century Furniture LLC
FIG 23 SWOT Analysis: Duresta Upholstery Limited
FIG 24 SWOT Analysis: Giovanni Visentin S.r.l.
FIG 25 SWOT Analysis: Scavolini S.p.A.
FIG 26 SWOT Analysis: Muebles Pico S.A.