Market Research Report

Global Recliner Sofas Market Report By Product Type (Single-Seater, Multi-Seater), By Material (Polyester, Polyvinyl Chloride, Polyurethane, Leather, Others (Faux Leather, Velvet etc.), By Distribution Channel (Online (Company Owned Portals and E-Commerce Portals), Offline(Supermarkets & Hypermarkets, Specialty Stores, Other Retail-based Stores) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028

ID:VMR11213926
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Recliner Sofas Market Overview 

The key driver impacting the recliner sofas market is the growing popularity and per capita disposable income due to the rise in dual-income households across the globe. For instance, According to the World Bank report net, national income per capita was 8967.271 USD in 2014; it is increased to 8865.384 USD,9290.346 USD respectively in 2017 and 2018. Moreover, the growing demand for luxury furniture and the focus on improving living standards are also estimated to be key determinants that add growth to the market.
According to Value Market Research, the global Recliner sofas market was valued at around USD 24.7 billion in 2019 and is estimated to grow at a CAGR of about 9.75% during the forecast period of 2020-2026.

In addition to this, the rapidly growing recreational industry, travel and tourism industry, and hospitality industry globally are anticipated to increase the recliner sofas market demand under the forecast period. For instance, According to the World Travel and Tourism Council, Travel & Tourism sector experienced a 3.5% growth in 2019. It contributed around US$8.9 trillion to the world’s GDP and 10.3% to global GDP.

Global Recliner Sofas Market Share

However, the growing trend of renting furniture instead of buying may hamper the global Recliner sofas industry in the long run. The rising migration of working professionals for job purposes is likely to negatively impact market growth. The current industry trend, such as the improvement in living standards together with the emergence of online portals providing recliner sofas at economical prices, is expected to create new market opportunities for the key players in the coming years. 

The Recliner sofas market is vast, with a large number of local and global players. The key leaders follow various strategies to improve their market position, such as acquisitions, mergers, expansions, and product innovations to enhance their market share across the world. For instance, in April 2016: La-Z-Boy, has integrated rechargeable lithium batteries for a power recliner sofa. Through this, consumers got the wireless power option in their recliner sofa that makes it more flexible and can be placed anywhere in a room, without any need of plugging into a wall outlet. The dominating key players included in the report are Ashley Furniture Industries, Heritage Home Group, La-Z-Boy, Man Wah Holdings, Inter IKEA Systems B.V, American Leather, Natuzzi and Williams-Sonoma, American Signature, Inc., Christie's Home Living, Coaster Fine Furniture, Divano Furniture, Heritage Home Group, Homelegance, Inc., La-Z-Boy Incorporated, and Seatcraft have always been the initial targets of Recliner sofas companies and many others. 

In this market research report, the market is segmented by product type, material, distribution channel, and region.

Analysis by Product Type:
By product type, the report is categorized into Single-Seater and Multi-Seater. Single seater dominates the type segment in 2019, with over 55% market share. It is due to the growing number of single-person households is driving the single-seater type segment of the recliner sofas market in the forecast period. 

Analysis by Material:
By material, the report is categorized into polyester, polyvinyl chloride, polyurethane, leather, and others. Leather material dominates the material segment in 2019 with a maximum market share. It is due to the durability, premium quality, and superior looks are certain factors associated with leather goods that make them suitable to be adopted by manufacturers globally. Moreover, leather recliner sofas last longer and keep their shape and look for the long term, thus creating more demand among other materials in the forecast period. 

Analysis by Distribution Channel:
By distribution channel, the report is categorized into online and offline channels. The offline channels are expected to show considerable growth in the forecast period due to the rise in popularity of offline retail store, which has self-operated outlets. The offline stores attract huge customers by providing customization as per the individual's choice. Online stores are also expanding at a fast pace due to the growing penetration of Internet services. Young Consumers majorly prefer to buy online as it saves time and cost-effective. The rising number of online websites with the availability of a broad range of recliner sofa at a discounted price is expected to increase the sales f recliner sofa in the forecast period.

Analysis by Region:
In the regional outlook of the global Recliner sofas market, the Europe region dominates with a maximum market share of 30% in 2019. It is anticipated to show huge growth in the forecast period due to the increasing purchasing power of consumers and the rising number of organized retail stores in the region. The consumers of these regions ate highly adaptable to modern and innovative designs that lead to more demand across Europe. The countries like France, the U.K. in this region are the highest importers of furniture globally, contributes to the growth of the Recliner sofas market in Europe.

Market Segmentation covered in the Report:
By Product Type
  • Single-Seater
  • Multi-Seater

By Material
  • Polyester
  • Polyvinyl Chloride
  • Polyurethane
  • Leather
  • Others (Faux Leather, Velvet etc.)

By Distribution Channel
  • Online (Company Owned Portals and E-Commerce Portals)
  • Offline(Supermarkets & Hypermarkets, Specialty Stores, Other Retail-based Stores)

By Region
  • North America
  • Europe
  • the Asia Pacific
  • Latin America
  • The Middle East and Africa

METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources,  Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.

TABLE OF CONTENTS
 
1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . RECLINER SOFAS – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Product Type
           3.7.2 By Material
           3.7.3 By Distribution Channel
           3.7.4 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL RECLINER SOFAS MARKET ANALYSIS BY PRODUCT TYPE
       6.1 Overview by Product Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Product Type
       6.4 Single-Seater Market by Regions
       6.6 Multi-Seater Market by Regions
 
7 . GLOBAL RECLINER SOFAS MARKET ANALYSIS BY MATERIAL
       7.1 Overview by Material
       7.2 Historical and Forecast Data
       7.3 Analysis by Material
       7.4 Polyester Market by Regions
       7.5 Polyvinyl Chloride Market by Regions
       7.6 Polyurethane Market by Regions
       7.7 Leather Market by Regions
       7.8 Others (Faux Leather, Velvet etc.) Market by Regions
 
8 . GLOBAL RECLINER SOFAS MARKET ANALYSIS BY DISTRIBUTION CHANNEL
       8.1 Overview by Distribution Channel
       8.2 Historical and Forecast Data
       8.3 Analysis by Distribution Channel
       8.4 Online (Company Owned Portals and E-Commerce Portals) Market by Regions
       8.5 Offline(Supermarkets & Hypermarkets, Specialty Stores, Other Retail-based Stores) Market by Regions
 
9 . GLOBAL RECLINER SOFAS MARKET ANALYSIS BY GEOGRAPHY
       9.1. Regional Outlook
       9.2. Introduction
       9.3. North America
           9.3.1. Overview, Historic and Forecast Data
           9.3.2. North America By Segment
           9.3.3. North America By Country
           9.3.4. United State
           9.3.5. Canada
           9.3.6. Mexico
       9.4. Europe
           9.4.1. Overview, Historic and Forecast Data
           9.4.2. Europe by Segment
           9.4.3. Europe by Country
           9.4.4. United Kingdom
           9.4.5. France
           9.4.6. Germany
           9.4.7. Italy
           9.4.8. Russia
           9.4.9. Rest Of Europe
       9.5. Asia Pacific
           9.5.1. Overview, Historic and Forecast Data
           9.5.2. Asia Pacific by Segment
           9.5.3. Asia Pacific by Country
           9.5.4. China
           9.5.5. India
           9.5.6. Japan
           9.5.7. South Korea
           9.5.8. Australia
           9.5.9. Rest Of Asia Pacific
       9.6. Latin America
           9.6.1. Overview, Historic and Forecast Data
           9.6.2. Latin America by Segment
           9.6.3. Latin America by Country
           9.6.4. Brazil
           9.6.5. Argentina
           9.6.6. Peru
           9.6.7. Chile
           9.6.8. Rest of Latin America
       9.7. Middle East & Africa
           9.7.1. Overview, Historic and Forecast Data
           9.7.2. Middle East & Africa by Segment
           9.7.3. Middle East & Africa by Country
           9.7.4. Saudi Arabia
           9.7.5. UAE
           9.7.6. Israel
           9.7.7. South Africa
           9.7.8. Rest Of Middle East And Africa
 
10 . COMPETITIVE LANDSCAPE OF THE RECLINER SOFAS COMPANIES
       10.1. Recliner Sofas Market Competition
       10.2. Partnership/Collaboration/Agreement
       10.3. Merger And Acquisitions
       10.4. New Product Launch
       10.5. Other Developments
 
11 . COMPANY PROFILES OF RECLINER SOFAS INDUSTRY
       11.1. Company Share Analysis
       11.2. Market Concentration Rate
       11.3. Ashley Furniture Industries
           11.3.1. Company Overview
           11.3.2. Financials
           11.3.3. Products
           11.3.4. Recent Developments
       11.4. Heritage Home Group
           11.4.1. Company Overview
           11.4.2. Financials
           11.4.3. Products
           11.4.4. Recent Developments
       11.5. La-Z-Boy
           11.5.1. Company Overview
           11.5.2. Financials
           11.5.3. Products
           11.5.4. Recent Developments
       11.6. Man Wah Holdings
           11.6.1. Company Overview
           11.6.2. Financials
           11.6.3. Products
           11.6.4. Recent Developments
       11.7. Inter IKEA Systems B.V
           11.7.1. Company Overview
           11.7.2. Financials
           11.7.3. Products
           11.7.4. Recent Developments
       11.8. American Leather
           11.8.1. Company Overview
           11.8.2. Financials
           11.8.3. Products
           11.8.4. Recent Developments
       11.9. Natuzzi and Williams-Sonoma
           11.9.1. Company Overview
           11.9.2. Financials
           11.9.3. Products
           11.9.4. Recent Developments
       11.10. American Signature, Inc.
           11.10.1. Company Overview
           11.10.2. Financials
           11.10.3. Products
           11.10.4. Recent Developments
       11.11. Christie's Home Living
           11.11.1. Company Overview
           11.11.2. Financials
           11.11.3. Products
           11.11.4. Recent Developments
       11.12. Coaster Fine Furniture
           11.12.1. Company Overview
           11.12.2. Financials
           11.12.3. Products
           11.12.4. Recent Developments
       11.13. Divano Furniture, Heritage Home Group
           11.13.1. Company Overview
           11.13.2. Financials
           11.13.3. Products
           11.13.4. Recent Developments
       11.14. Homelegance, Inc.
           11.14.1. Company Overview
           11.14.2. Financials
           11.14.3. Products
           11.14.4. Recent Developments
       11.15. La-Z-Boy Incorporated
           11.15.1. Company Overview
           11.15.2. Financials
           11.15.3. Products
           11.15.4. Recent Developments
       11.16. Seatcraft
           11.16.1. Company Overview
           11.16.2. Financials
           11.16.3. Products
           11.16.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Product Type (USD MN)
  •  Single-Seater Market by Geography (USD MN)
  •  Multi-Seater Market by Geography (USD MN)
  •  Analysis Market by Material (USD MN)
  •  Polyester Market by Geography (USD MN)
  •  Polyvinyl Chloride Market by Geography (USD MN)
  •  Polyurethane Market by Geography (USD MN)
  •  Leather Market by Geography (USD MN)
  •  Others (Faux Leather, Velvet etc.) Market by Geography (USD MN)
  •  Analysis by Distribution Channel (USD MN)
  •  Online (Company Owned Portals and E-Commerce Portals) Market by Geography (USD MN)
  •  Offline(Supermarkets & Hypermarkets, Specialty Stores, Other Retail-based Stores) Market by Geography (USD MN)
  •  Global Recliner Sofas Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Recliner Sofas Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Recliner Sofas Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Product Type
  •  Market Attractiveness Analysis by Material
  •  Market Attractiveness Analysis by Distribution Channel
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Product Type (USD MN)
  •  Single-Seater Market by Geography (USD MN)
  •  Multi-Seater Market by Geography (USD MN)
  •  Global Market Analysis by Material (USD MN)
  •  Polyester Market by Geography (USD MN)
  •  Polyvinyl Chloride Market by Geography (USD MN)
  •  Polyurethane Market by Geography (USD MN)
  •  Leather Market by Geography (USD MN)
  •  Others (Faux Leather, Velvet etc.) Market by Geography (USD MN)
  •  Global Market Analysis by Distribution Channel (USD MN)
  •  Online (Company Owned Portals and E-Commerce Portals) Market by Geography (USD MN)
  •  Offline(Supermarkets & Hypermarkets, Specialty Stores, Other Retail-based Stores) Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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