Bean Bags Market Scope
Bean bags have been in the market since the 1970s. They are casual seating options that are cheaper and flexible than the sofa or couches. A bean bag is a complete stuffed bag. It is made from a piece of fabric and is later on filled with small foam pieces and pellets. So a bean bag is a cover together with the stuffed material. Bean bag chair is one of the kinds of chairs wherein anyone can comfortably sit and relax. These are very inexpensive and can also be used in furnishing the rooms and apartments.
According to AMA, the Global Bean Bags market is expected to see growth rate of 1.41%
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Bean Bags market throughout the predicted period.
Ace Casual Furniture (United States), Yogibo (United States), MUJI (Japan), SUMO LOUNGE INTERNATIONAL (United States), Bean Bag City (United States), KingBeany (United States), Cordaroy’s (United States), Fatboy USA (United States), Love Sac (United States), Ultimate Sack (United States) and Full of Beans (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Comfy Sacks (United States) and Jaxx Bean Bags (United States).
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 Bean Bags market by Type (Indoor Bean Bags and Outdoor Bean Bags), by Application (Household, Hotels, Events, Clubs and Others) and Region with country level break-up.
On the basis of geography, the market of Bean Bags 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).
According to Consumer Goods (Bean Bags) Safety Standard Amendment 2015 (Consumer Protection Notice No. 4 of 2015), the bean bag or bean bag cover complies with the safety standard for bean bags made under section 104(1) of the Australian Consumer Law on 1 January 2011 by reason of Item 4 of Schedule 7 of the Trade Practices Amendment Act (No.2) 2010 the bean bag or bean bag cover is taken to comply with the requirements of this standard. In this safety standard, a bean bag means a cushion or similar item which consists of a bag or cover enclosing bean bag filling and which contains an opening through which bean bag filling can be accessed. Every bean bag and bean bag cover shall have a child-resistant slide-fastener fitted to every opening through which bean bag filling can be inserted or removed.
Market Trend
- Growing in the Consumer Needs for a Flexible Space in Their Homes Is a Key Trend in the Home Decor Market Owing To an Increase in the Growth of the Market
Market Drivers
- Advancement of Construction of Houses and Commercial Buildings in Developing Countries is a Key Factor of Driving the Bean Bag Market
- The Growing Urbanization and Different Lifestyle of the Citizens across the Different Countries is Driving the Market of Bean Bags
Opportunities
- Bean Bags Can Provide the Need of Portability Hence Resulting In an Increased Popularity among the Consumers
- Rising Government Initiatives for Construction of Residential Buildings, Coupled With the Growing Middle-Class Population Will Boost the Market In Future
Restraints
- Increase in Health Issues Due to Poor Seating Posture
- Volatile Prices of the Raw Materials for Making the Bean Bags
Challenges
- Availability of New Advanced Technologies
Key Target Audience
Manufacturers of Bean Bag, Suppliers of Bean Bag, Wholesalers, Distributors, and Retailers of Bean Bag, Textile Industry, Research Firms and Governmental Bodies