Press release
Global Recliner Sofa Market Hits $4.15 Billion in 2023, Poised for 4.5% CAGR Growth to Reach $5.65 Billion by 2029
14.09.2023: Recliner Sofa Market Report Scope and Research MethodologyThe research on the global recliner sofa market was conducted using a comprehensive methodology that combines primary and secondary research. This approach involved techniques such as market and trend analysis, SWOT analysis, Porter's Five Forces analysis, as well as primary research through surveys, interviews, and focus groups with industry stakeholders. The combination of these methods provided a comprehensive understanding of the market, identified trends and opportunities, and facilitated the development of effective business strategies.
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What are Recliner Sofa Market Dynamics?
The recliner sofa market offers a wide variety of designs, functionalities, and materials, making them suitable for commercial settings like spas, clubs, and real estate offices. This extensive variety, coupled with the growing travel and tourism industry, is expected to drive market growth. Advancements in design and customization options further contribute to the market's expansion.
However, challenges such as fluctuating raw material costs and the relatively high price of recliner sofas could hinder market growth. Additionally, power-based recliner sofas may incur additional energy costs, posing a challenge to market growth.
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What is Recliner Sofa Market Segmentation?
By Type: Recliner sofas come in various types to cater to different preferences and needs.
Single-Seater Recliner Sofa: Designed for individual comfort and relaxation.
Double-Seater Recliner Sofa: Suitable for couples or small families.
Three-Seater Recliner Sofa: Offers more seating capacity for larger households.
Sectional Recliner Sofa: Comprises multiple sections that can be adjusted individually.
Massage Recliner Sofa: Equipped with massage features for added comfort and wellness.
Power Recliner Sofa: Operated electronically for effortless reclining.
2. By Material:
Leather Recliner Sofa: Crafted from genuine leather, known for its durability and luxurious appearance.
Fabric Recliner Sofa: Upholstered with various fabrics, offering a wide range of colors and patterns.
Faux Leather Recliner Sofa: Simulated leather material that provides a leather-like look and feel.
Microfiber Recliner Sofa: Made from microfiber fabric, known for its softness and stain resistance.
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Who are Recliner Sofa Market Key Players?
North America:
Ashley Furniture Industries (USA)
La-Z-Boy Incorporated (USA)
Man Wah Holdings Limited (USA)
Palliser Furniture (Canada)
Southern Motion (USA)
Europe:
Ekornes ASA (Norway)
Natuzzi S.p.A (Italy)
Himolla Polstermöbel GmbH (Germany)
Steinhoff International (South Africa)
ROM (Belgium)
Asia Pacific:
Man Wah Holdings Limited (China)
Kuka Home (China)
Home Meridian International (China)
HTL International Holdings Limited (Singapore)
Yuan Tai Furniture (China)
Latin America:
Móveis Linhares (Brazil)
Conforto Móveis (Brazil)
Móveis Gazin (Brazil)
Marfim Moveis (Brazil)
Estofados Jardim (Brazil)
Middle East and Africa:
Grafton Everest (South Africa)
Sealy Corporation (South Africa)
Roya Furniture (Iran)
Shapoorji Pallonji Furniture (India)
Intermetal (UAE)
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Table of content for the Recliner Sofa Market includes:
Part 01: Executive Summary
Part 02: Scope of the Recliner Sofa Market Report
Part 03: Global Recliner Sofa Market Landscape
Part 04: Global Recliner Sofa Market Sizing
Part 05: Global Recliner Sofa Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Regional Insights:
China: China dominated the market in 2020, primarily driven by rapid industrialization and increased demand for PVDF coatings in the chemical processing industry. Rising demand for electric vehicles, solar panels, and architectural applications further contributes to PVDF's growth. Notably, Arkema Group expanded its PVDF production capacity in Changshu, China, to cater to the region's demand.
Japan: Japan represents another prominent market in the Asia Pacific region due to its advanced industrial base and demand for PVDF in various applications, including electrical and electronic components.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic
perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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