Global Recliner Sofas Market, By Type (Single-Seater, Multi-Seater), Material (Fabric, Leather, Others), Operating Mode (Manual, Power), End-User (Commercial, Domestic), Design (Casual Style, Traditional Style, Contemporary Style, Other Styles) , Retail Formats (Furniture and Furnishing Stores, Hypermarkets, E-Retailers, and Other Retailers) 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 of Recliner Sofas Market
The recliner sofas market is expected to be growing at a growth rate of 6.85% in the forecast period of 2022 to 2029 and is likely to reach USD 13.39 billion in 2029.
A recliner is an armchair or couch that reclines once the dweller lowers the chair's back and raises its front. It's a support which will be atilt back, and infrequently a stool which will be extended by means that of a lever on the aspect of the chair, or could extend mechanically once the rear is reclined.
The growing level of investment in real estate and construction sector is the major factor accelerating the growth of the market. Furthermore, growing preferences of luxury and premium sofas, growing urbanization in the economy, rising demand of fully furnished apartments along with boosting number of middle class population are also expected to drive the growth of the recliner sofas market. However, rising labour cost and availability of substitute restrains the recliner sofas market, whereas, the fluctuating prices of raw material will challenge market growth.
In addition, rising number of online distribution channel along with rapid growth of tourism sector as well as hospitality sector will create ample opportunities for the recliner sofas market.
This recliner sofas market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 recliner sofas 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 Recliner Sofas Market Scope and Market Size
The recliner sofas market is segmented on the basis of type, material, operating mode, retail formats and design. The growth amongst these segments will help you analyze 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.
- On the basis of type, the recliner sofas market is segmented into single-seater and multi-seater.
- Based on material, the recliner sofas market is segmented into fabric, leather and others. Others have been further segmented into faux leather, micro-fiber and vinyl.
- On the basis of operating mode, the recliner sofas market is segmented into manual and power.
- Based on design, the recliner sofas market is segmented into casual style, traditional style, contemporary style and other styles.
- On the basis of end-user, the recliner sofas market is segmented into commercial and domestic.
- On the basis of retail formats, the recliner sofas market is segmented into furniture and furnishing stores, hypermarkets, e-retailers, and other retailers
Recliner Sofas Market Country Level Analysis
The recliner sofas market is segmented on the basis of type, material, operating mode, retail formats and design.
The countries covered in the recliner sofas 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 dominates the recliner sofas market due to the growing level of disposable income of the people, rising preferences towards healthy and comfortable life. Asia-Pacific region is expected to hold the largest growth rate due to the rising willingness to pay of the customer along with better standard of living.
The country section of the recliner sofas 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 Recliner Sofas Market Share Analysis
The recliner sofas 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 recliner sofas market.
The major players operating in the recliner sofas market report are Klaussner Home Furnishings, Ashley HomeStores, Ltd., Natuzzi S.p.A., Jackson Furniture Industries, JAYMAR, Haverty Furniture Companies, Inc., Ekornes AS, American Leather., LA-Z-BOY ASIA CO., LTD, Man Wah Holdings Limited, Muse, Recliners India Pvt. Ltd., Bab Leather Lounge, Metro Plus Life Style, Little Nap, Vishwakarma Steel Furniture & Fabrication., Raja Interiors Private Limited., Krunal Engineers, AARYANSH BUILDCON, Manthralayam Decors & Furnitures, among other.
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