NEW
YORK, July 5, 2024 /PRNewswire/ -- The global
recliner sofas market size is estimated to grow by
USD 8.47 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of over 7.04% during the forecast period. Evolving
product ergonomics in terms of style, utility, and features is
driving market growth, with a trend towards growing
adoption of ar for enabling recliner sofa sales.
However, fluctuations in raw material prices poses a
challenge. Key market players include American Leather Operations,
Ashley Global Retail LLC, CHATEAU DAX SPA, COA Inc., Dorel
Industries Inc., Ekornes Ltd., Franklin Corp., Haverty Furniture
Companies Inc., Inter IKEA Holding BV, Jackson Furniture
Industries, Klaussner Home Furnishings, Lane Home Furnishings,
LaZBoy Inc., Little Nap Designs Pvt. Ltd., Natuzzi SpA, Pepperfry
Pvt. Ltd., PREMIEREHTS LLC, Raymour and Flanigan Furniture and
Mattresses, Recliners India Pvt. Ltd., and Southern Motion
Inc..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Distribution Channel
(Offline and Online), End-user (Residential and Commercial), and
Geography (North America, Europe, APAC, South America, and Middle
East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
American Leather
Operations, Ashley Global Retail LLC, CHATEAU DAX SPA, COA Inc.,
Dorel Industries Inc., Ekornes Ltd., Franklin Corp., Haverty
Furniture Companies Inc., Inter IKEA Holding BV, Jackson Furniture
Industries, Klaussner Home Furnishings, Lane Home Furnishings,
LaZBoy Inc., Little Nap Designs Pvt. Ltd., Natuzzi SpA, Pepperfry
Pvt. Ltd., PREMIEREHTS LLC, Raymour and Flanigan Furniture and
Mattresses, Recliners India Pvt. Ltd., and Southern Motion
Inc.
|
Key Market Trends Fueling Growth
The global recliner sofas market is experiencing significant
growth due to technological advancements in the furniture industry.
AR (Augmented Reality) technology is becoming increasingly popular,
allowing customers to visualize furniture items such as recliner
chairs and sofa sets in their homes before making a purchase. IKEA,
a leading market vendor, has adopted this trend by offering an AR
app, IKEA Place, which is available on both Android and iOS
platforms. This app enables customers to virtually place furniture
in their homes for a more accurate assessment of size and fit.
Other companies are following suit, providing VR (Virtual Reality)
apps to enhance the customer experience. The adoption of these
visual technologies is anticipated to drive market growth strongly
over the forecast period.
The Recliner Sofas market is witnessing notable trends in
various sectors. Armchairs with adjustable backrests, footrests,
and headrests are popular choices for both residential and
commercial settings. The ageing population's increasing demand for
comfort solutions has boosted sales in this category. In commercial
settings, recliners are a staple in spas, clubs, real estate
offices, and luxury hotels. Design advancements include
customizable products, comfort air technology, and swivel
recliners. Eco-conscious consumers are opting for recliners with
lever-operated mechanisms, reducing the need for electricity.
Lumbar support, heat massage, and vibration features cater to
individuals dealing with back pain. The residential construction
industry and home furnishing products sector are significant
contributors to the market growth. Premium and luxury recliners are
increasingly popular in fully furnished apartments. Online
platforms and offline stores offer diverse options for consumers.
Sustainability concerns are driving the development of eco-friendly
recliners, addressing issues like deforestation and carbon
footprint. The tourism and hospitality sectors also contribute to
the market, offering guests a comfortable and relaxing
experience.
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Market Challenges
- The Recliner Sofas market growth may be affected by the
volatility in the prices of raw materials. Key components in the
production of recliner sofas include metals, filling materials,
upholstery, wood, fabrics, carbon spring steel, fiberboard, and
leather. Fluctuations in leather prices can significantly impact
the manufacturing process, compelling manufacturers to consider
pricier alternatives. Additionally, manufacturers source raw
materials from multiple domestic and international suppliers,
subjecting them to varying import and export duties. These price
discrepancies can increase procurement costs, causing production
delays and higher inventory expenses. Consequently, manufacturers
might be pressured to produce lower-quality goods to maintain
competitive pricing, which can erode profit margins and negatively
impact the entire supply chain, potentially hindering market
expansion.
- The Recliner Sofas market faces several challenges in various
sectors. In the residential construction industry, integrating
lumbar support, heat massage, and vibration features in recliners
is a challenge due to cost constraints. Home furnishing products,
including luxury and premium sofas, face competition from the
residential real estate and construction sector, which offers fully
furnished apartments. Luxury and premium sofas, such as comfort air
recliners with swivel functions, are popular in the tourism and
hospitality sectors. However, incorporating comfort air technology
increases production costs. Online distribution channels, including
e-retailers, offer convenience but face challenges in providing
adequate support for single-seater and multi-seater recliners. Back
and side support, stool and rear comfort, and manual versus power
recliners are essential considerations for both commercial and
domestic markets. Fabric choices, including faux leather,
micro-fiber, and vinyl, impact the final product's price point and
appeal. Style preferences, such as casual, traditional, or
contemporary, also influence consumer decisions. Overall, balancing
affordability, functionality, and style is key to succeeding in the
Recliner Sofas market.
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Segment Overview
This recliner sofas market report extensively covers market
segmentation by
- Distribution Channel
- End-user
- 2.1 Residential
- 2.2 Commercial
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Offline- The Recliner Sofas market has
experienced consistent growth due to increasing consumer preference
for comfort and relaxation at home. These sofas offer superior
comfort with adjustable backrests and footrests. Manufacturers
focus on using high-quality materials and innovative designs to
cater to diverse consumer needs. The market is competitive with key
players implementing pricing strategies to attract customers.
Overall, the Recliner Sofas market is thriving, providing excellent
opportunities for businesses.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
Recliner sofas, also known as armchairs with adjustable
backrests and footrests, offer comfortable seating arrangements for
both residential and commercial settings. The backrest and footrest
can be adjusted to provide optimal support for the user's back,
head, and legs. Recliners are popular among an ageing population
due to their ability to reduce pressure points and improve comfort.
In commercial settings, such as spas, clubs, and real estate
offices, recliners are often used to create a luxurious and
relaxing atmosphere. Some recliners even offer additional features
like heat massage, vibration, and lever-operated mechanisms for the
headrest and lumbar support. The residential construction industry
and home furnishing products market also benefit from the demand
for premium recliner sofas. Online platforms provide a convenient
way for consumers to purchase these products, which are available
in various designs, sizes, and price points, from stools with
simple backrests to large, plush couches for dwellers seeking
ultimate comfort.
Market Research Overview
The Recliner Sofas market encompasses a wide range of Armchairs
designed for ultimate comfort and relaxation. These seating
arrangements feature adjustable Backrests and Footrests, catering
to various user preferences. With an ageing population seeking
comfortable solutions for their homes, the demand for Recliner
Sofas has surged in both residential and commercial settings. Spas,
Clubs, Real estate offices, and various industries have
incorporated these products into their offerings. Design
advancements have led to customizable products, including
adjustable Headrests, Lumbar support, Heat massage, and Vibration
features. However, concerns over environmental impact, such as
deforestation and carbon footprint, have led to the development of
Lever-operated models and the use of sustainable materials like
Faux leather, Micro-fiber, and Vinyl. The market includes various
styles, from Casual to Traditional and Contemporary, catering to
diverse consumer preferences. Recliner Sofas are available in
Single-seater and Multi-seater configurations, making them suitable
for various applications. The market is further segmented into
Commercial and Domestic sectors, with Online and Offline platforms
serving as primary distribution channels. The Residential
construction industry and Home furnishing products have seen
significant growth in the demand for Premium and Luxury Recliner
Sofas, while the Tourism, Hospitality, and Real Estate sectors have
adopted these products to enhance their offerings. Comfort air
technology, Swivel mechanisms, and various support configurations
add to the functionality and appeal of Recliner Sofas. Back pain
sufferers and those seeking relief from long working hours often
opt for these ergonomic chairs. Overall, the Recliner Sofas market
continues to evolve, offering innovative solutions for modern
living.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Distribution Channel
-
- End-user
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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