Global Luxury Upholstery Fabric Market Is Estimated to Witness High
 
Luxury upholstery fabric refers to high-quality fabric used for furniture such as sofas, chairs, and ottomans. Luxury upholstery fabrics are known for their durability, softness, and attractive designs. Popular luxury upholstery fabrics include linen, velvet, tencel, chenille, and damask. These fabrics are used for high-end residential and commercial furniture. With rising disposable income and growing home decor trends, the demand for luxury furniture is increasing globally
 
The Global Luxury Upholstery Fabric Market Size is expected to witness high growth over the forecast period of 2023-2030 supported by rising real estate construction projects worldwide. Rapid urbanization coupled with increasing disposable income is anticipated to boost the demand for luxury home décor articles incorporated with elegant fabrics. The global luxury upholstery fabric market was valued at US$ 5.58 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023-2030