Indoor And Outdoor Bean Bags Market Size 2024-2028
What will be the Size of the Market During the Forecast Period?
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Market Dynamics and Customer Landscape
The market is flourishing amidst diverse consumer trends and preferences. E commerce platforms facilitate easy access to a wide range of bean bags, catering to the middle class population seeking decorative furniture solutions for their living rooms or home theatre setups. These versatile seating options, filled with expanded polystyrene beans or corn and cherry pits, are particularly favored for their comfort and adaptability in both indoor and outdoor chairs, including around swimming pools or in wellness room. For pregnant women, ergonomic designs offer support and relaxation, while the construction sector utilizes durable bean bags as portable beds furniture for break areas. The market also sees demand from the luxury home furniture segment, where traditional furniture is complemented by stylish bean bag options, driving growth in the dynamic home décor market.
Key Market Driver
The growing need for personalization and customization is the key factor driving the growth of the market. Bean bags have been around for decades and are still popular today for their comfort, convenience, and versatility. However, the global indoor and outdoor bean bag market is experiencing significant growth as the need for personalization and customization increases. Personalization and customization are becoming increasingly important as consumers demand products that reflect their unique tastes and styles. With the advent of e-commerce, consumers can now easily customize their beanbags online by choosing from a variety of colors, fabrics, sizes, and shapes to create a product that is tailored to their unique needs.
Moreover, bean bags are no longer just for children and teenagers; they are now seen as a stylish and comfortable seating option for adults. By offering various customization options, manufacturers can cater to the diverse needs and preferences of this growing customer base. In addition, when customers can customize their bean bags, they are more likely to feel a connection with the product and the brand, which can lead to repeat purchases and positive word-of-mouth advertising. Therefore, the growing need for personalization and customization will drive the growth of the market during the forecast period.
Significant Market Trends
Growing demand for eco-friendly and sustainable bean bags is the primary trend in the global indoor and outdoor bean bag market growth. Consumers are becoming increasingly aware of the impact their choices have on the environment and are demanding products made from sustainable materials and with a low carbon footprint. Rising demand for eco-friendly and sustainable products is one of the major drivers of the global indoor and outdoor bean bag market. Many manufacturers are now producing bean bags that are made from organic or recycled materials, such as cotton or polyester, and are free from harmful chemicals and toxins.
Furthermore, eco-friendly bean bags are often designed with sustainability in mind, such as being made from biodegradable materials or featuring refillable or replaceable fillers to reduce waste. Therefore, the growing demand for eco-friendly and sustainable products will boost the market growth and trends during the forecast period.
Major Market Challenge
Less durability than regular furniture is a major challenge to the growth of the market. One of the biggest challenges facing the global indoor/outdoor bean bag market is the issue of durability. Due to their construction and materials, beanbags tend to be less durable than traditional furniture, which can be a major drawback for consumers. The filling of beanbags consists of polystyrene beads. It is often deformed and can lose its shape over time. Also, beanbag covers are often made of fabrics that are not as durable as those used for traditional furniture, which can lead to tearing and damage.
As a result, bean bags may need to be replaced more frequently than traditional furniture, which can be a costly and inconvenient process for consumers. This can negatively impact customer satisfaction and deter potential customers from purchasing bean bags. In addition, bean bags are often used for outdoor seating, where they are exposed to the elements. This can cause the filling material to become damp and moldy and the covers to fade and deteriorate. Therefore, the issue of durability can be a significant challenge for the market during the forecast period.
Customer Landscape
The market research report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market analysis and report also include key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Customer Landscape
Who are the Major Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Comfort Research LLC: The company offers indoor and outdoor bean bags such as Comfort Research Small Twill Dottie Lounger Bean Bag Chair. Also, they offer seating products for both indoors and outdoors, and unique pool and lake products.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
- Bear Teddy Pvt Ltd.
- BGRP Ltd.
- Bhalla International
- Comfy Sacks
- CordaRoys Originals Inc.
- Custom Marine Canvas
- Fatboy the Original B.V.
- GHS Retail Ltd.
- Lumaland Inc.
- Luvu Brands Inc.
- Noble House Home Furnishings LLC
- Precision Stitching Ltd.
- PUPT UAB
- Ryohin Keikaku Co. Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
What is the Fastest-Growing Segment in the Market?
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The offline segment was valued at USD 2.35 billion in 2018. In this segment, department stores such as Walmart, Target, and Macy are excellent examples of retail outlets that offer a wide variety of products, including bean bags. Home furnishing stores such as Ikea and HomeGoods specialize in selling furniture and home decor items, including indoor and outdoor bean bags. Furniture stores such as Ashley Furniture and La-Z-Boy also offer a range of bean bags to their customers. Specialty stores that exclusively sell bean bags are also included in the offline segment of the market. These stores are typically small, independent stores that focus on selling bean bags and related accessories. The offline segment also includes distributors and wholesalers who sell bean bags in bulk to retailers. These distributors and wholesalers have a network of physical stores and warehouses from where they supply bean bags to retailers. Therefore, the offline channel of distribution will contribute largely toward the growth of the market during the forecast period.
Which are the Key Regions for the Market?
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Europe is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and analysis and drivers that shape the market during the forecast period.
Another region offering significant growth opportunities to vendors is North America. North American market for indoor and outdoor bean bags is primarily driven by consumer preference for comfortable and versatile furnishings. Beanbags are popular with North American consumers because they offer a relaxed, informal seating option that can be used indoors or outdoors. The popularity of bean bags is also fueled by the growing tendency of people to work and study from home, increasing demand for comfortable and flexible seating options. Growing, the region accounts for a significant portion of sales. Such factors will increase the market growth in this region during the forecast period.
Segment Overview
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
- Distribution Channel Outlook
- Offline
- Online
- End-User Outlook
- Residential
- Commercial
- Region Outlook
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Chile
- Argentina
- Brazil
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- North America
Market Analyst Overview
The market thrives in modern metropolitan homes and large living spaces, offering necessary furniture solutions. In learning environment and school furniture settings, innovative designs filled with dried beans, PVC pellets, or expanded polypropylene cater to ergonomic needs. Branded retail outlets, including supermarket, hypermarket, and specialty store, showcase a variety of fabric bag and sealed bag options. Online retail channels further expand accessibility to consumers seeking quality indoor bean bag choices. These versatile products are favored for their comfort and adaptability in both indoor and outdoor settings, enhancing leisure areas and relaxation zones. The market's growth is fueled by the demand for innovative furniture solutions that blend style and functionality, meeting diverse consumer preferences across residential and commercial sectors alike.
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Market Scope |
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Report Coverage |
Details |
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Page number |
145 |
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Base year |
2022 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.15% |
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Market growth 2024-2028 |
USD 1.25 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.7 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 31% |
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Key countries |
US, China, Germany, UK, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Bear Teddy Pvt Ltd., BGRP Ltd., Bhalla International, Comfort Research LLC, Comfy Sacks, CordaRoys Originals Inc., Custom Marine Canvas, Fatboy the Original B.V., GHS Retail Ltd., Lumaland Inc., Luvu Brands Inc., Noble House Home Furnishings LLC, Precision Stitching Ltd., PUPT UAB, Ryohin Keikaku Co. Ltd., Shinih Enterprise Co. Ltd., Sumo Lounge International, The Big Beanbag Co. Ltd., Tongxiang Funny Homeware Co. Ltd., and Yogibo LLC |
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Market dynamics |
Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2024 and 2028
- Precise estimation of the market size and its contribution of the market in focus to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
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