About Bean Bag Loungers
Bean bag lounger is considered to be a large, frameless, and soft chair used as a cushion or support made up of cloth-like plastic fabric filled with soft plastic chips that easily mold according to the occupant’s motion. Bean bags are lightweight chairs that are portable and easy to clean. These bags can be termed as a multifunctional asset that can be used as a chair, table, floor cushion, foot table, and many more. Bean bags are used in both indoor and outdoor segments for relaxing purposes. The look and decoration of the place play a major part in influencing individual psychology. Besides this, commercial businesses, especially restaurants and the hospitality sector, are investing heavily in décor, as ambiance is an important and highly considered factor by consumers. This rising importance for décor for homes and commercial spaces will drive the growth of the bean bag chairs market in the coming years. Nowadays, companies are more engaged in providing bean bag loungers with a personalized touch. Prominent players operating in the bean bag loungers’ market are more focused on providing customized bean bag furnishings to customers that match their requirements, needs, and also the space décor. Bean bag loungers with a personalized touch bring design and style to the functionality of the space. Hence, companies are offering customized bean bags with different fabrics, fillings, colors, and styles that can best match the décor or space.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Bean Bag Loungers market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Williams-Sanoma Inc. (United States), Restoration Hardware Inc. (United States), The Lovesac Company (United States), Fatboy The Original B.V. (Netherlands), Sumo Lounge International Corporation (United States), American Furniture Alliance Inc. (United States), LUVU Brands Inc. (United States), CordaRoy Company (United States), Comfy Sacks Company (United States) and Ryohin Keikaku Co., Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ace Bayou Corporation (United States), Yogibo LLC (United States), Ultimate Sack LLC (United States) and Intex Recreation Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Bean Bag Loungers market by Type (Round Chairs, Square Chairs, Gaming Chairs and Others), Application (Households, Restaurants, Hospitality and Commercial) and Region.
On the basis of geography, the market of Bean Bag Loungers 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). If we see Market by Distribution Channel, the sub-segment i.e. Multi-brand Stores will boost the Bean Bag Loungers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Kids Bean Bag Loungers will boost the Bean Bag Loungers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials, the sub-segment i.e. Velvet will boost the Bean Bag Loungers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Preference for Modern Furniture for Beautification Purposes
Market Growth Drivers:
Growing Preferences for Bean Bag Chairs with Personalized Touch and Increasing Sales of Bean Bag Loungers
Challenges:
Availability of Substitutes
Restraints:
Fluctuating Price of Raw Materials and High Cost of the Product
Opportunities:
Increasing Advancement in the Product
Market Leaders and their expansionary development strategies
In February 2022, A bean bag and pool float manufacturer acquired Spin Master’s outdoor manufacturing operations in Tarboro, North Carolina, and certain product lines from Spin Master’s outdoor portfolio.
In February 2019, Sun'N'Joy has launched a new range of Bean bags manufactured using high quality Fabrics with a upto 6 Year Guarantee on Color Fading in Vibrant Solids.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufactures of Bean Bag Loungers, Suppliers and Distributors of Bean Bag Loungers, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.