Recliner Sofas Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

The recliner sofas market share is expected to increase by USD 12.01 billion from 2020 to 2025, and the market’s growth momentum will decelerate at a CAGR of 9.35%.

This recliner sofas market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers recliner sofas market segmentation by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and MEA). The recliner sofas market report also offers information on several market vendors, including American Leather Operations LLC, Ashley Furniture Industries Inc., Dorel Industries Inc., Haverty Furniture Companies Inc., Inter IKEA Holding BV, Jaymar, LaZBoy Inc., Man Wah Holdings Ltd., PREMIEREHTS LLC, and Raymour and Flanigan Furniture and Mattresses among others.

What will the Recliner Sofas Market Size be During the Forecast Period?

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Recliner Sofas Market: Key Drivers and Trends

The evolving product ergonomics in terms of style, utility, and features is notably driving the recliner sofas market growth, although factors such as fluctuations in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the recliner sofas industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Recliner Sofas Market Driver

The evolving product ergonomics in terms of style, utility, and features is one of the key factors driving the recliner sofas market growth. Vendors are focusing on adding newer features and designs, and better ergonomics to beat the competition. Moreover, the growing preference for luxury and comfort and demand from the millennial population has encouraged vendors to offer modern, traditional, and contemporary style furniture. The consistent demand along with the availability of innovative, differentiated, and high-end products has led to the premiumization of recliner sofas.

Key Recliner Sofas Market Trend

The adoption of augmented reality for enabling recliner sofa sales is one of the major recliner sofas market trends expected to gain traction in the coming years. Technological advances have fostered a strong demand for visual technologies in the recliner sofa sales process. Several prominent global vendors are rallying behind Android-run AR apps to help customers visualize furniture items in their homes prior to purchase. A few vendors also leverage VR to enable customers for scanning a room and creating its digital version and try out new furniture and recliner sets. 

This recliner sofas market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Recliner Sofas Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• American Leather Operations LLC
• Ashley Furniture Industries Inc.
• Dorel Industries Inc.
• Haverty Furniture Companies Inc.
• Inter IKEA Holding BV
• Jaymar
• LaZBoy Inc.
• Man Wah Holdings Ltd.
• PREMIEREHTS LLC
• Raymour and Flanigan Furniture and Mattresses

This statistical study of the recliner sofas market encompasses successful business strategies deployed by the key vendors. The recliner sofas market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The recliner sofas market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Recliner Sofas Market?

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33% of the market’s growth will originate from APAC during the forecast period. China is a key market for recliner sofas in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The growing clusters of furniture hypermarkets, higher living standards, and rapid changes in customer preference will facilitate the recliner sofas market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the Recliner Sofas Market?

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The recliner sofas market share growth by the offline segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the recliner sofas market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Recliner Sofas Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive recliner sofa market growth during the next five years
• Precise estimation of the recliner sofa market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the recliner sofa industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of recliner sofa market vendors

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