Electric Recliner Market Expected to Reach US$ 8.31 Bn by 2030

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐑𝐞𝐜𝐥𝐢𝐧𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The global electric recliner market is poised for substantial growth, projected to reach a valuation of US$ 8.31 billion by 2030, up from US$ 5.68 billion in 2023, at a CAGR of 5.6% over the forecast period. Unlike traditional recliners that rely on manual release mechanisms, electric recliners utilize motors to adjust and recline, providing enhanced comfort and ease of use. This feature makes them particularly suitable for individuals who struggle with traditional recliners or have difficulty standing from a seated position. The increasing popularity of electric recliners is a testament to their convenience and comfort.

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐨𝐯𝐞𝐫𝐯𝐢𝐞𝐰, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝: https://www.maximizemarketresearch.com/request-sample/72020/

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

The primary driver for the growth of the electric recliner market is the rising disposable income associated with the increase in dual-income households globally. This rise in disposable income has led consumers to allocate more funds towards home furnishings, with electric recliners becoming a symbol of status and comfort. The preference for automatic over manual products further boosts the market, as consumers opt for more convenient and technologically advanced options.

Additionally, the proliferation of smartphones and the internet has revolutionized shopping habits, allowing consumers to browse and purchase products online. This trend is expected to create significant opportunities for the electric recliner market during the forecast period.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

The increasing penetration of the internet and the growing trend of online shopping present significant opportunities for the electric recliner market. With consumers seeking convenience and a wide variety of choices, online retail channels are expected to drive market growth. Moreover, the rising demand for home entertainment systems, including home theater recliners, is likely to contribute to market expansion.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥

Improvements in distribution channels have enabled the market to reach a broader customer base. The fastest-growing segment is online retail, driven by the convenience, cost-effectiveness, and time-saving benefits it offers to young millennials. The expansion of online platforms offering a wide range of recliner sofas is expected to drive sales.

Offline retail stores also play a crucial role in the market. These stores, with self-operated outlets, cater to a significant portion of the market. Some vendors offer customized products to meet specific customer preferences, attracting more clients and strengthening their brand image.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

𝐄𝐮𝐫𝐨𝐩𝐞

Europe currently holds the largest market share and is expected to maintain this position throughout the forecast period. The region's growth is driven by the high demand for high-end, custom-made, and technologically advanced products in developed countries such as the United Kingdom, France, and Germany. The sales of electrically adjustable recliners in Europe have surged, reaching approximately $1.067 million USD.

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜

Asia Pacific is anticipated to be the fastest-growing region in the electric recliner market. The region's growth is attributed to the rising purchasing power and the increasing number of regional manufacturers. Countries like China and Vietnam are projected to become highly profitable markets for electric recliners in the coming years.

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚

North America, particularly the United States, leads the market in terms of the total volume of recliner furniture sold, with a market share of $1.165 million USD. The region's robust market is driven by high consumer demand for advanced home furnishing solutions.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬

One of the significant challenges facing the electric recliner market is the safety and regulatory compliance of power tool equipment. Manufacturers must adhere to strict safety standards and address concerns regarding product quality and environmental sustainability. Compliance with evolving safety regulations is crucial for maintaining market credibility and customer trust.

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐨𝐯𝐞𝐫𝐯𝐢𝐞𝐰, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝: https://www.maximizemarketresearch.com/request-sample/72020/

𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬

The report aims to provide a comprehensive analysis of the global electric recliner market, covering historical and current industry status, market size forecasts, and emerging trends. It includes a detailed study of key players, competitive benchmarking, technology trends, and the impact of micro-economic factors on the market. The report also examines external and internal factors affecting the market, offering valuable insights for decision-makers.

𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧

The global electric recliner market is set for significant growth, driven by rising disposable incomes, consumer preferences for automated home furnishings, and the expansion of online retail channels. Europe and Asia Pacific are expected to be key regions driving market growth, while North America continues to lead in terms of market volume. Despite challenges related to safety regulations, the market presents lucrative opportunities for manufacturers and retailers, especially in the context of increasing demand for home entertainment and customized solutions.

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐑𝐞𝐜𝐥𝐢𝐧𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞: 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐛𝐞𝐟𝐨𝐫𝐞 𝐛𝐮𝐲𝐢𝐧𝐠

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬

• 𝐁𝐚𝐬𝐞 𝐘𝐞𝐚𝐫: 2023
𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝: 2024-2030
𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐃𝐚𝐭𝐚: 2018 𝐭𝐨 2023
𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐢𝐧 2023: 𝐔𝐒 $5.68 𝐁𝐧.
𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝 2024 𝐭𝐨 2030 𝐂𝐀𝐆𝐑: 5.6%
𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐢𝐧 2030: 𝐔𝐒 $8.31 𝐁𝐧.

• 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:
o Product Type: Home Theater Recliners, Multiplex Recliners, Living Room Recliners, Sofa Lounger Recliners, Massage Recliners
o Design: Casual, Traditional, Contemporary
o Distribution Channel: Specialty Stores, Supermarkets & Hypermarkets, Branded Stores, Online Channels, Others

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

• North America: United States, Canada, Mexico
• Europe: UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia, Rest of Europe
• Asia Pacific: China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC
• Middle East and Africa: South Africa, GCC, Egypt, Nigeria, Rest of ME&A
• South America: Brazil, Argentina, Columbia, Rest of South America

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

𝐓𝐨 𝐆𝐞𝐭 𝐌𝐨𝐫𝐞: https://www.maximizemarketresearch.com/market-report/global-electric-recliner-market/72020/

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