Global Straight Sofas Market Overview:
The sofas are the centerpiece of any establishment, such as a home, office, or commercial space. In today's workplace, sofas play an important role in creating an ambiance that provides a safe and relaxing environment as well as a calm feeling to all occupants of the office space. Furthermore, regardless of the type of furniture in a living room, a sofa can be considered the anchor piece. The fabric or leather style of a sofa sets the mood in a room. As a result, these straight sofas are suitable for a wide range of applications, from commercial to domestic.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Rising Number of Commercial Spaces
- Rapid Popularity in Home Decorating Products
Roadblocks
- Fluctuating Raw Material Prices
- Availability of Alternatives
Opportunities
- Rising Disposable Income and Affordability & New Designs
- Growing the Sales of Straight Sofas Online Platform
Challenges
- Fierce Competitive Pressure
- Tariffs and Custom Duties
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are FLEXFORM (Italy), Davison Highley (United Kingdom), Kingsgate Furniture Ltd (United Kingdom), Furninova AB (Sweden), BoConcept (Demark), Doimo Salotti (Italy), Himolla Polstermobel (Germany), Ziffon (India), Alpa Salotti (Italy) and Milliard (United States). Additionally, following companies can also be profiled that are part of our coverage like Serta (United States), Sleeplace (United States), Merax (United States), Fun Furnishings (United States), Best Choice Products (United States) and MAXDIVANI (Italy). Analyst at AMA Research see United States Vendors to retain maximum share of Global Straight Sofas market by 2027. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Straight Sofas market. Considering Market by Style, the sub-segment i.e. Modern will boost the Straight Sofas market.
On 28 June 2021, BoConcept is adding a new location in Dedham. The store will feature a refreshed, evolved store concept that offers customers an elevated take on the shopping experience, including consultations with expert interior designers, the ability to view and customize items from a vast collection of items, and the ability to create a 3D rendering of the space the customer would like to design.
What Can be Explored with the Straight Sofas Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Straight Sofas Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Straight Sofas
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Straight Sofas market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Straight Sofas market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Straight Sofas Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.