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Luxury furniture market to reach $25.9B in sales for 2023: report

Located in Lomas de Chapultepec, the most exclusive residential area in Mexico City, the Poltrona Frau Mexico City by Benetti Casa monobrand store aims to be in perfect harmony with the style of the surrounding neighborhood. Image: Poltrona Frau Located in Lomas de Chapultepec, the most exclusive residential area in Mexico City, the Poltrona Frau Mexico City by Benetti Casa monobrand store aims to be in perfect harmony with the style of the surrounding neighborhood. Image: Poltrona Frau

 

The global luxury furniture market is projected to grow at a compound annual growth rate (CAGR) of 5.2 percent from 2022 to 2031.