South Korea Luxury Furniture Market Size & Outlook
The luxury furniture market in South Korea is expected to reach a projected revenue of US$ 912.2 million by 2030. A compound annual growth rate of 5.1% is expected of South Korea luxury furniture market from 2025 to 2030.
Revenue, 2024 (US$M)
$678.7
Forecast, 2030 (US$M)
$912.2
CAGR, 2025 - 2030
5.1%
Report Coverage
South Korea
Related Markets
South Korea luxury furniture market highlights
- The South Korea luxury furniture market generated a revenue of USD 678.7 million in 2024 and is expected to reach USD 912.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.1% from 2025 to 2030.
- In terms of segment, plastic was the largest revenue generating material in 2024.
- Metal is the most lucrative material segment registering the fastest growth during the forecast period.
Luxury furniture market data book summary
| Market revenue in 2024 | USD 678.7 million |
| Market revenue in 2030 | USD 912.2 million |
| Growth rate | 5.1% (CAGR from 2025 to 2030) |
| Largest segment | Plastic |
| Fastest growing segment | Metal |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wood, Metal, Glass, Leather, Plastic |
| Key market players worldwide | Duresta, Scavolini, Laura Ashley, Henredon Furniture |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global luxury furniture market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China luxury furniture market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,368.7 million by 2030.
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Luxury Furniture Market Scope
Luxury furniture market segmentation & scope
Luxury Furniture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Henredon Furniture | View profile | - | High Point, North Carolina, United States, North America | https://www.henredon.com/ |
| Laura Ashley | View profile | 5001-10000 | Newtown, Banbridge, United Kingdom, Europe | http://www.lauraashley.com |
| Scavolini | View profile | 501-1000 | Montelabbate, Marche, Italy, Europe | https://www.scavolini.com |
| Duresta | View profile | 11-50 | Sutton In Ashfield, Nottinghamshire, United Kingdom, Europe | https://www.duresta.com |
South Korea luxury furniture market size, by material, 2018-2030 (US$M)
South Korea Luxury Furniture Market Outlook Share, 2024 & 2030 (US$M)
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