What is Traditional Modular Sofas Market?
A traditional modular sofa brings variety, flexibility, and chic energy to the room. Plus, it looks damn fresh. A modular sofa is just a normal sofa with options. A modular sofa broken down into chair-sized pieces can be arranged to create U- or L-shaped configurations, or divided into several small arrangements. Rather than deciding what size and style a sofa or set of sofas should be and searching for it, a traditional modular sofa allows for the perfect shape and size to be created through a variety of combinations. Each piece is purchased separately, usually from a collection.
The market study is being classified by Type (Fabric, Leather and Other), by Application (Residential and Commercial) and major geographies with country level break-up.
Alpa Salotti Srl (Italy), Arketipo Srl (Italy), BoConcept (Denmark), CasaDesùs (Spain), CTS Salotti (Italy), Doimo Salotti (Italy), Doimo Sofas SpA (Italy), Ekornes (Sweden), Formenti & Giovenzana SpA (Italy), Gurian (United States), Gyform Srl (Italy), Himolla Polstermöbel GmbH (Germany), De'Longhi (Italy) and Luonto Furniture, Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Marinelli (Italy), Molinari Design (Italy) and Nieri (Italy).
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 predicts that Italian Vendors will contribute to the maximum growth of Global Traditional Modular Sofas market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Traditional Modular Sofas market by Type, Application and Region.
On the basis of geography, the market of Traditional Modular 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Urbanisation and Demand for Traditional Modular Sofas
- Increasing Demand for fully Furnished Apartments
- Rapid Popularity in Home Decorating Products
- A Shift in Consumer Lifestyle and Per-capita Income
Market Trend
- Rising Demand for Premium and Luxury Furniture in Developed Countries
- Increasing Application of Traditional Modular Sofas
Restraints
- Fluctuating Raw Material Prices
- Availability of Alternatives
Opportunities
- Rapid Expansion in E-commerce Retail Stores
- Increase in the Inclination towards Modern Interiors
- Rising Demand in Office Space and Expanding Hospitality Sector
Challenges
- High Initial Cost of Traditional Modular Sofas
Key Target Audience
Manufacturers of Traditional Modular Sofas, Suppliers and Distributors of Traditional Modular Sofas, End-Users, Potential Investors, Market Research Firms and Others