The global demand for Sleeper Sofa Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Sleeper Sofa features a sofa that folds down, creating a bed without an additional mattress or having to remove couch cushions. Sleeper sofas come in a wide variety of styles and shapes. The rising concern for sleeping comfort related to sofa among customers is boosting companies to launch different style of sofas that can be used for sleeping purpose. The availability of flexible resting positions in sleeper sofas is attracting customers for the product purchase. In addition, Luxury sleeper's sofas are gaining traction among customers across the globe owing to their rising spending on home furniture.
Market Dynamics
The demand for the sleeper sofa is growing due to the increasing need for the sleeper sofa at residential and commercial buildings. Availability of the sleeper sofa in different styles, shapes, materials, and modes of operation has propelled its demand. The rise in disposable income, shifting customer preference towards enhancing room décor, an outcome of betterment in living standards are a few of the prominent factors propelling the market growth. Escalation in demand for the premium home outfitting with higher comfort is another factor benefitting the market growth. Ongoing demand for renting home furniture impedes market growth as it significantly reduces buying furniture due to furniture renting is an affordable option.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of sleeper sofa. The growth and trends of sleeper sofa industry provide a holistic approach to this study.
Market Segmentation
This section of the sleeper sofa market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Adjustable
- Powered
- Manual
By Material
- Leather
- Polyurethane
- Polyvinyl Chloride
- Polyester
- Others (Faux Leather, Velvet, etc.)
By Application
By Sales Channel
- Company Owned Portals
- Indirect
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Sleeper Sofa market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Sleeper Sofa Market Share by Region (Representative Graph)
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the sleeper sofa market include Homelegance Inc., Heritage Home Group, American Leather, American signature Inc., Ashley Home Stores Ltd., Coater Fine Furniture, Christies Home Living, Divano Furniture, La-Z-Boy incorporated, Seatcraft, Godrej & Boyce Manufacturing Company Limited, and many others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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