Press release
Electric Recliner Market Forecast to Reach USD 8.31 Billion by 2030 at 5.6% CAGR
Electric Recliner Market
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Key Highlights:
Market Size & CAGR: Valued at USD 5.68 billion in 2023, expected to reach USD 8.31 billion by 2030 at a CAGR of 5.6%.
Leading Application/Segment: Home theater recliners dominate the product type segment.
Fastest-Growing Region: Asia Pacific is projected to witness the fastest growth due to rising purchasing power and increasing local manufacturing.
Key Drivers: Growing dual-income households, increased disposable income, rising preference for automated furniture, and expansion of online sales channels.
Top Companies: AM Furniture, American Leather, Ashley Furniture Industries, Ekornes ASA, Haverty Furniture Companies, La-Z-Boy, Nilkamal, Palliser Furniture, Steinhoff International.
Market Outlook
Electric recliners are designed to provide comfort and ease of use, utilizing motors to adjust seating positions, which makes them particularly popular among elderly consumers or individuals with mobility issues. The market has seen a growing preference for technologically advanced, customizable recliners that combine comfort with aesthetic appeal. Rising online retail penetration and the availability of various distribution channels, including specialty stores, supermarkets, branded stores, and e-commerce platforms, have significantly expanded consumer access to electric recliners.
The product types in the market include home theater recliners, multiplex recliners, living room recliners, sofa lounger recliners, and massage recliners, with home theater and living room recliners accounting for a significant share of overall demand. Design preferences vary across casual, traditional, and contemporary styles, enabling manufacturers to cater to diverse consumer tastes.
Regional Insights
Europe currently holds the largest market share, driven by the sale of high-end, technologically advanced recliners in countries like the UK, Germany, and France. North America, led by the United States, maintains a strong market presence with total recliner furniture sales reaching $1.165 million USD.
Asia Pacific is poised to be the fastest-growing region due to increasing disposable income, rising urbanization, and the growing number of domestic manufacturers. China, India, and Vietnam represent high-potential markets, supported by both offline and online retail growth. The Middle East & Africa and South America offer emerging opportunities as consumer awareness and home furnishing trends evolve.
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Key Players and Competitive Landscape
The global electric recliner market is highly competitive with key players investing in R&D and product innovations. Major companies include AM Furniture, American Leather, Ashley Furniture Industries, Ekornes ASA, Haverty Furniture Companies, La-Z-Boy, Nilkamal, Palliser Furniture, and Steinhoff International.
These companies focus on enhancing product comfort, integrating motorized mechanisms, and providing customization options to strengthen their market position. Strategies such as expanding online sales, enhancing after-sales services, and offering tailor-made products are expected to drive further market growth.
Market Drivers and Trends
Key factors driving the electric recliner market include:
Rising dual-income households and disposable income, encouraging investments in premium home furniture.
Growing preference for automation and smart home solutions.
Expansion of online and offline retail channels, making products more accessible.
Increasing health and wellness awareness, with consumers seeking ergonomically designed seating options.
Challenges include the high cost of electric recliners and competition from manual recliners. Nevertheless, technological advancements, customization, and online shopping trends present lucrative opportunities for market expansion.
Analyst Quote
"Electric recliners are evolving from mere comfort furniture to a lifestyle statement. With rising disposable income and growing awareness of ergonomic and motorized seating solutions, the market is positioned for steady growth across regions, particularly in Asia Pacific," said Anjali Mehta, Senior Market Analyst at Maximize Market Research.
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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