The recliner sofas market is expected to be growing at a growth rate of 6.85% in the forecast period of 2022 to 2029 and is likely to reach USD 13.39 billion in 2029.
A recliner is an armchair or couch that reclines once the dweller lowers the chair's back and raises its front. It's a support which will be atilt back, and infrequently a stool which will be extended by means that of a lever on the aspect of the chair, or could extend mechanically once the rear is reclined.
The growing level of investment in real estate and construction sector is the major factor accelerating the growth of the market. Furthermore, growing preferences of luxury and premium sofas, growing urbanization in the economy, rising demand of fully furnished apartments along with boosting number of middle class population are also expected to drive the growth of the recliner sofas market. However, rising labour cost and availability of substitute restrains the recliner sofas market, whereas, the fluctuating prices of raw material will challenge market growth.
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The major players operating in the recliner sofas market report are Klaussner Home Furnishings, Ashley HomeStores, Ltd., Natuzzi S.p.A., Jackson Furniture Industries, JAYMAR, Haverty Furniture Companies, Inc., Ekornes AS, American Leather., LA-Z-BOY ASIA CO., LTD, Man Wah Holdings Limited, Muse, Recliners India Pvt. Ltd., Bab Leather Lounge, Metro Plus Life Style, Little Nap, Vishwakarma Steel Furniture Fabrication., Raja Interiors Private Limited., Krunal Engineers, AARYANSH BUILDCON, Manthralayam Decors Furnitures, among other.
Global Recliner Sofas Market Scope and Market Size
The recliner sofas market is segmented on the basis of type, material, operating mode, retail formats and design. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the recliner sofas market is segmented into single-seater and multi-seater.
- Based on material, the recliner sofas market is segmented into fabric, leather and others. Others have been further segmented into faux leather, micro-fiber and vinyl.
- On the basis of operating mode, the recliner sofas market is segmented into manual and power.
- Based on design, the recliner sofas market is segmented into casual style, traditional style, contemporary style and other styles.
- On the basis of end-user, the recliner sofas market is segmented into commercial and domestic.
- On the basis of retail formats, the recliner sofas market is segmented into furniture and furnishing stores, hypermarkets, e-retailers, and other retailers
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Recliner Sofas Market Country Level Analysis
The recliner sofas market is segmented on the basis of type, material, operating mode, retail formats and design.
The countries covered in the recliner sofas market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the recliner sofas market due to the growing level of disposable income of the people, rising preferences towards healthy and comfortable life. Asia-Pacific region is expected to hold the largest growth rate due to the rising willingness to pay of the customer along with better standard of living.
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