Bean Bags Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global bean bags market is anticipated to grow at a CAGR of 2.5% during the forecast period (2022-2028). It is considered to be a large, frameless, and soft chair used as a cushion or support made up of cloth-like plastic fabric filled with soft plastic chips that easily mold according to the occupant's motion. The major factor expected to drive the market growth is the increasing construction of residential and commercial buildings globally. In addition, a surge in demand for luxury home furniture, supportive government initiatives for the construction of residential buildings, coupled with the growing middle-class population are some factors that propel the growth of the global bean bags market during the forecast period.

The growing consumer need for a flexible space in the home, and the use of bean bags for different purposes such as a chair, table, floor cushion, or foot table, among others coupled with its use as relaxing and hangouts. These are some factors that is expected to boost the global bean bags market during the forecast period. Moreover, expansion of the real estate industry and an increasing number of cafés and lounges, among others also support the global bean bags market to grow further during the forecast period as cafes and lounges are adopting bean bags.

Some major players in the market include American Furniture Alliance, Inc. (AFA), Yogibo LLC, and Sumo Lounge International, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in October 2019, Gamewarez GmbH announced the launch of playstation inspired limited edition bean bag. It features the classic series by Gamewarez with an elegant and appealing look. Further, in 2019, Lujo Group announced the launch of the Indoor X Out bean bag collection which is a premium range of bean nags specially intended for indoor and outdoor use.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Product Type
•By End-Use
•By Distribution Channel
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- American Furniture Alliance, INC. (AFA), Yogibo LLC, and Sumo Lounge International, among others.

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Global Bean Bags Market Report by Segment
By Product Type
•Kids Bean Bag
•Adult Bean Bag
•Jumbo Size Bean Bag
By End-Use
•Residential
•Commercial
By Distribution channel
•Online
•Offline

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 
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This release was published on openPR.