Overview of the recliner sofa market forecast in the US
Research analysis on the recliner sofa market in the US identifies that product innovations in terms of style, utility, features will be one of the major factors that will have a positive impact on the growth of the market. Vendors are increasingly focusing on offering best solutions for comfort and design. They are offering recliner sofas in various styles such as modern, traditional, and contemporary to suit the customers' tastes and preferences. Moreover, the manufacturers are also focusing on adding extra features in reclining sofas. Power reclining sofas are the most popular models among customers as they are easy to use, and are controlled and adjusted using buttons with electronic movements. Heritage Home Group's brand Lane offers the recliner sofa Montgomery Two-Arm Double Reclining Sofa. This product is fitted with a center table and two motor massagers. The introduction of such innovative products will drive the growth of this market during the forecast period. Based on the recliner sofa market analysis, this market will grow at a CAGR of nearly 7% by 2021.
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The rise in e-commerce opportunities for recliner sofas is one of the latest trends that will contribute to the growth of this market during the coming years. With the rise in the number of internet users and the increased smartphone penetration in several countries across the world, the vendors are focusing on selling their products through e-commerce platforms including their individual retail websites and third-party websites. The convenience offered by these websites and the ease of product availability also attract customers to shop online and the vendors are also offering e-catalogs that lists out the specifications of each product.
Competitive landscape and key vendors
Owing to the presence of many global and regional players, the recliner sofa market in the US is quite competitive. The players in the market offer reclining sofas in single seater and multi-seater models. The manufacturers use various raw materials to differentiate their products from the competitors’. Manufacturers of reclining sofas in the US mainly compete based on the style, quality, price, delivery, and durability of their products.
The leading vendors in the market are
- Ashley Furniture Industries
- Heritage Home Group
- La-Z-Boy
- Man Wah Holdings
- Williams-Sonoma
The other prominent vendors in the market are ACME Furniture, American Leather, Barcalounger, Bassett Furniture Industries, Bernhardt Furniture Company, Ekornes, Ethan Allen Global, Flexsteel Industries, Furniture of America, Haverty Furniture Companies, Jackson Furniture Industries, Klaussner Home Furnishings, and Med-Lift.
Segmentation by product function and analysis of the recliner sofa market in the US
- Power recliner sofas
- Manual recliner sofas
In 2016, the power recliner sofa market segment accounted for the major shares of the recliner sofa market in the US. Factors such as the provision to set comfort levels according to the customer requirements and the availability of customization options will contribute to the growth of this industry segment in the coming years.
Segmentation by product type and analysis of the recliner sofa market in the US
- Multi-seater recliner sofas
- Single-seater recliner sofas
According to this market research report, the multi-seater recliner sofa segment will account for the maximum shares of the recliner sofa market in the US until 2021. The rising demand for multi-seater recliner sofas in theaters, auditoriums, and guest rooms and the growing availability of multiple seating arrangements, will drive the growth of the market in this segment.
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Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the recliner sofa market in the US?
- What are the key market trends impacting the growth of the recliner sofa market in the US?
- What are the challenges to market growth?
- Who are the key vendors in the recliner sofa market in the US?
- What are the market opportunities and threats faced by the vendors in the recliner sofa market in the US?
- Trending factors influencing the market shares of the US.
- What are the key outcomes of the five forces analysis of the recliner sofa market in the US?
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by distribution channel
- Recliner sofa market in US by distribution channel
- Offline distribution channel
- Online distribution channel
PART 07: Market segmentation by product function
- Recliner sofa market in US by product function
- Power recliner sofas market in US
- Manual recliner sofas market in US
PART 08: Market segmentation by product type
- Recliner sofa market in US by product type
- Multi-seater recliner sofas
- Single-seater recliner sofas
PART 09: Decision framework
PART 10: Drivers and challenges
- Market drivers
- Market challenges
PART 11: Market trends
- Furniture customization
- Growing demand for power recliner sofas
- Rising e-commerce opportunities for recliner sofas
PART 12: Vendor landscape
- Competitive scenario
- Key competitive strategies
- Comparative analysis of the key vendors
PART 13: Key vendor analysis
- Ashley Furniture Industries
- Heritage Home Group
- La-Z-Boy
- Man Wah Holdings
- Williams-Sonoma
- Other prominent vendors
PART 14: Appendix