Global Leather Furniture Market, By Product (Leather Sofa, Leather Chair, Leather Bean Bags, Leather Corner Sofa, Leather Recliner, Leather Stool, Leather Ottoman, Leather Pouf, Leather Table, Leather Footstool), Leather Type (Smooth Leather, Aniline Leather, Suede and Nubuck, Water Buffalo Leather, Antique Leather, Pull up Leather, PU Leather), Application (Commercial, Household), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Leather Furniture Market
The leather furniture market is expected to be growing at a growth rate of 4.40% in the forecast period of 2022 to 2029.
Leather furniture is referred to synthetic and artificial furniture which involve chairs, sofas, bean bags, recliner, table, pouf and stool among others. They are in high demand due to increasing consumer preference towards home decoration with proper furniture. They are considered luxury furniture. Luxury furniture is made up of moveable parts that display the best of exceptional craftsmanship and design from a specific era.
The rise in the consumer preference towards home decoration is likely to drive the demand of leather furniture market. The rising level of disposable income of people and continuous changing lifestyle are some of the factors driving the leather furniture market. Other significant factors such as the rise in the awareness among people about e-commerce platforms and increasing urbanization across the world will accelerate the market growth rate. Furthermore, upsurge in the strong demand for various end-use industries such as residential and commercial will positively impact the market’s growth rate. Additionally, increase in the growth of real estate industry will further cushion the growth rate of market. Also, influence of social media and rising adoption rate of new technologies and materials among various industries will further increase the demand of leather furniture market.
Moreover, the rise in number of online retailing and development of multifunctional furniture will create lucrative market growth opportunities in the forecast period of 2022-2029. Also, launch of new innovative products and emerging new markets will escalate the growth rate of market in future.
However, fluctuating prices of raw materials will hamper the market growth rate. Additionally, the negative impact of COVID-19 on supply chain will hinder the market growth. The dearth of skilled workforce and high cost associated with leather furniture will further challenge the market in the forecast period mentioned above.
This leather furniture market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on leather furniture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Leather Furniture Market Scope and Market Size
The leather furniture market is segmented on the basis of product, leather type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, leather furniture market is segmented into leather sofa, leather chair, leather bean bags, leather corner sofa, leather recliner, leather stool, leather ottoman, leather pouf, leather table, and leather footstool.
- On the basis of leather type, leather furniture market is segmented into smooth leather, aniline leather, suede and nubuck, water buffalo leather, antique leather, pull up leather, and PU leather.
- The application segment for leather furniture market is segmented into commercial, and household.
Leather Furniture Market Country Level Analysis
The leather furniture market is analysed and market size insights and trends are provided by country, product, leather type and application as referenced above.
The countries covered in the leather furniture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region is predicted to continue a dominant position among other regions worldwide. This is attributable to the increasing level of disposable income and rising number of product advancement will stimulate the growth of leather furniture market in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the rising disposable income, enhanced living standard and increasing popularity of online sales in this region.
The country section of the leather furniture market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Leather Furniture Market Share Analysis
The leather furniture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to leather furniture market.
Some of the major players operating in the leather furniture market are Laura Ashley, Inc., Duresta, Muebles Pico, VALDERAMOBILI s.r.l., Scavolini S.p.a., NELLA VETRINA, Turri srl, Inter IKEA Systems B.V., Dash Square, B&B ITALIA SPA, La-Z-Boy Incorporated, Man Wah Holdings Limited, Rowe Furniture, Big Lots Stores, Inc., Norwalk Furniture, Jason Furniture (HangZhou) Co., Ltd., and Landbond, among others.