Press release
Electric Recliner Market to reach USD 7.88 Bn by 2029, emerging at a CAGR of 5.6 percent and forecast 2023-2029
Electric Recliner Market
This report delves into the world of recliners, exploring the transition from traditional manual recliners to electric recliners. Electric recliners, equipped with motors or motor chains, offer effortless adjustments for a more comfortable seating experience, particularly benefiting individuals who struggle with traditional recliners. The report investigates the rising popularity of electric recliners and their drivers, restraints, and regional insights.
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Electric Recliner Market Research Methodology:
Electric recliners are analyzed, considering the shift from manual to automatic reclining mechanisms. The market is evaluated based on rising disposable income in dual-income households worldwide. As consumers allocate more of their household income to home improvements, furnishings like electric recliners have emerged as status symbols. Automatic alternatives are preferred, driving demand for electric recliners. The report also recognizes the potential for market growth through online sales, facilitated by mobile phones and increased Internet penetration.
What are Electric Recliner Market Dynamics:
Rising Dual-Income Households: Increasing dual-income households globally contribute to higher disposable incomes, driving demand for electric recliners.
Home Improvement Investments: Consumers allocate a portion of their income to enhancing home interiors and furnishings, favoring automatic products like electric recliners.
Online Shopping Trends: Growing Internet penetration and mobile accessibility enable consumers to shop for electric recliners online, presenting growth opportunities.
To Gain More Insights Into The Market Analysis, Browse Summary Of The Research Report:https://www.maximizemarketresearch.com/market-report/global-electric-recliner-market/72020/
Electric Recliner Market Regional Insights:
Europe Dominates: Europe currently holds the largest market share, driven by increased sales of high-end, technologically advanced goods in developed countries like the UK, France, and Germany.
Asia Pacific Rising: Asia Pacific is poised to be the fastest-growing market, driven by rising purchasing power and the emergence of regional electric recliner manufacturers, especially in countries like China and Vietnam.
North America Leads: North America, notably the United States, leads in total recliner furniture sales volume.
What is Electric Recliner Market Segmentation:
by Product Type
Home Theater Recliners
Multiplex Recliners
Living Room Recliners
Sofa Lounger Recliners
Massage Recliners
by Design
Causal
Traditional
Contemporary
by Distribution Channel
Specialty Stores
Supermarkets & Hypermarkets
Branded Stores
Online Channels
Other
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Who are Electric Recliner Market Key Players:
1. AM Furniture
2. American Leather
3. Ashley Furniture Industries
4. Ekornes ASA
5. Haverty Furniture Companies
6. Kieraya Furnishing Solutions Pvt. Ltd.
7. La-Z-Boy
8. Nilkamal
9. Palliser Furniture
10. Steinhoff International
Table of content for the Electric Recliner Market includes:
Electric Recliner Market: Research Methodology
Electric Recliner Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Electric Recliner Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
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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