Recliner Sofas Market Scope
A recliner is defined as the armchair or sofa which reclines when the occupant lowers the chair's back as well as raises its front. It is basically designed in numerous colors, materials, mechanisms, sizes as well as styles with the ability in order to move part of the sofa up and down according to the design. Growth of the travel and tourism industry and other related sectors such as food and beverages, retail, real estate, hospitality, and logistics industries are propelling the growth of the market.
According to AMA, the Global Recliner Sofas market is expected to see growth rate of 8.5%
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global recliner sofas market can witness an upsurge in the forecast period. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Recliner Sofas market throughout the predicted period.
Ashley Home Stores (United States), Ekornes (Norway), La-Z-Boy (United States), Man Wah Holdings (Hong Kong), Steinhoff International Holdings (South Africa), Little Nap Recliners (India), Heritage Home (India), American Leather Holdings, LLC (United States), Anji Jinkun Furniture Co., Ltd. (China) and Haverty Furniture Companies, Inc. (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Jackson Furniture Industries, Inc. (United States) and Palliser Furniture Upholstery Ltd. (Canada).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Recliner Sofas market by Type (Single-Seater Recliner Sofas and Multi-Seater Recliner Sofas) and Region with country level break-up.
On the basis of geography, the market of Recliner Sofas has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In July 2018, the little nap recliners (India) Company has launched new versatil recliners for utmost luxury. Hence, this product launched will help in strengthening the position of the company in India.
Market Trend
- Growing Customer Preferences in terms of Factors namely Luxury as well as Comfort
Market Drivers
- Rapid Change of Lifestyle and Improvement in Living Conditions
- High-Spending Sentiments, Awareness of the Latest Technology
- Reduced Insecurity, and Greater Confidence
Opportunities
- Rising Demand from Emerging Economics such as China and India
Restraints
- Issue related to High Maintenance Cost
Challenges
- Need for Secure and Reliable Communication Infrastructure
Key Target Audience
Manufacturers of Recliner Sofas, Suppliers of Recliner Sofas, Wholesalers, Distributors and Retailers of Recliner Sofas, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others