Industry Background:
The leather chair market has high growth prospects owing to the increasing demand for office furniture and the growing number of commercial spaces globally. Additionally, the growing popularity of leather furniture and increasing demand for a comfortable and durable leather chair, is adding value to the leather chair market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Steelcase (United States), Herman Miller (United States), Haworth (United States), HNI Group (United States), Okamura Corporation (Japan), Kimball Office (United States), TOPSTAR GmbH (Germany), True Innovations (United States), Poltrona Frau (Italy), Nowy Styl Group (Poland) and SUNON GROUP (China) |
According to AMA, the market for Leather Chair is expected to register a CAGR of 2.9% during the forecast period to 2030. This growth is primarily driven by Increasing Adoption of Leather Chair for Commercial Office Space and Growing Popularity of Leather Furniture.
Globally, a noticeable market trend is evident Rising Demand for Premium and Luxury Furniture
Major Vendors, such as Steelcase (United States), Herman Miller (United States), Haworth (United States), HNI Group (United States), Okamura Corporation (Japan), Kimball Office (United States), TOPSTAR GmbH (Germany), True Innovations (United States), Poltrona Frau (Italy), Nowy Styl Group (Poland) and SUNON GROUP (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the leather chair market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings.
Key Developments in the Market:
In April 2023, GTChair introduced the new Roc-Pro series, the world's first ergonomic chair to use Continental's functional skai Tundra artificial leather.
13th Feb 2019, Ferrari collaborates with Poltrona Frau to launch a limited-edition leather office chair.
Influencing Trend:
Rising Demand for Premium and Luxury Furniture and Emphasizing on Product Innovation
Market Growth Drivers:
Increasing Adoption of Leather Chair for Commercial Office Space and Growing Popularity of Leather Furniture
Challenges:
Increasing competition from the Local Players
Restraints:
Fluctuating Raw Material Prices and Growing Trend of Furniture Rental
Opportunities:
Growing Online Distribution Channel for Leather Chairs and Increasing Demand from the Developing Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Leather Chair Market
- Analysis about New Entrants in Leather Chair Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Leather Chair Study Sheds Light on
The Leather Chair Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Leather Chair industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Leather Chair industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.