The global luxury furniture market is expected to reach $27.01 billion by 2020 growing at a CAGR of 4.1%. Among the luxury furniture niche, wooden luxury furniture has gained substantial demand worldwide, followed by metal furnitures. Family run domestic companies have a wide and significant presence in the luxury furniture market. Wooden luxury furniture comprised nearly 24% of the luxury furniture market in 2014 and the trend is expected to continue. During the rest of 2015 and into 2016, the domestic end user segment would continue to dominate and drive the global luxury furniture market.