The single-seater reclining sofa segment dominates more than half of the total market.
Arizton’s recent market research report on the recliner sofa market provides comprehensive industry analysis, trend forecasts, and competitive study. The research study segments the market by types (single-seater and multi-seater), designs (casual, traditional, contemporary, and others), material types (leather, fabric, and others), control (manual and power), distribution types (specialty stores, supermarkets & hypermarkets, branded stores, online channels, discount stores, and others), end-users (domestic, corporates, and others), and geography (North America, APAC, Europe, Latin America, and ROW).
The global reclining sofa market is expected to reach more than $33 billion by 2024, growing at a CAGR of over 6% during 2018–2024.
The global reclining sofa market is divided into seven major segments - types, designs, materials, control types, distribution types, end-users, and geography.
The leather segment to grow at the fastest CAGR in the global reclining sofa market during the forecast period
The global reclining sofa market by material type is categorized into leather, fabric, and others. The leather segment occupied the largest market share in 2018 and is likely to grow at a CAGR of over 7% during the forecast period. Leather is well-known for premium quality and durability. Domestic and commercial users are expecting to use leather for casual designs. Further, there is a high demand for premium quality full grain, full aniline leathers, and brighter colors, which, in turn, will fuel the growth of this segment in the global market.
Consumers are actively looking for durable and stain resistant fabrics. To meet the demand, manufacturers and suppliers have introduced engineered textiles with enhanced performances capabilities. For instance, Crypton is working with numerous textile suppliers, including Valdese Weavers and Conneaut Leathers/Cortina Leathers to create engineered textiles with enhanced performance capabilities. These innovations and creativity are expected to boost the sales of a sofa and fabric-based furniture, including recliner sofa during the forecast period.
The single-seater segment is likely to grow at a CAGR of around 6% during the forecast period
The global reclining sofa market by seat type is segmented into single-seaters and multi-seaters. The single-seater segment dominated more than half of the total market share and is likely to grow at a CAGR of around 6% during the forecast period. The growing number of single-person households, increase in disposable income, and affinity toward luxury and stylish products are major driving factors encouraging the sale of single-seater recliner sofa. Also, the rising number of airports, lounges, and waiting areas is expected to boost the recliner chair and sofa market.
Consumers are moving toward casual style furniture
The design segment in the global reclining sofa market is classified into casual, traditional, contemporary, and others. Casual designs are the fastest growing segment in the global reclining sofa market, and the segment is expected to grow at a CAGR of approximately 7% during the forecast period. Casual sofas can be used at both domestic and commercial sites. Consumers that are doing interior designing for homes and matching recliner sofas with paint prefer casual recliner chairs and sofa. North America was the largest market and accounted for around one-third of the reclining sofa market. However, APAC will be the fastest growing market during the forecast period.
Ashley Furnitures Industries, Man Wah Holdings, La-Z-Boy, and Steinhoff International are the leading vendors in the reclining sofa market.
The complete overview of the latest market research report on the recliner sofa market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides market sizing and forecast for major geographical regions and key countries.
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