Gilani-Company profile, Business Overview, Financial Performance, Operating Segments, Strategic Moves, and Competitive Intelligence Report

Luxury furniture enhances the aesthetic value of establishments such as homes, hotels, offices, and other indoor or outdoor areas. The North American luxury furniture market significantly benefits from the economic growth of the countries in this region, which include the U.S., Canada, and Mexico. The increasing spending capacity of the consumers and the growing real estate sector are the key growth facilitators of the luxury furniture market in the region. Consumers in this region are inclined toward eco-friendly furniture owing to the increased environmental awareness. However, increasing cost of raw materials, such as wood and leather, may restrain the market growth. Online retailing and the increasing demand of multifunctional furniture present significant opportunities for growth of this market.