Global Reclining Sofas Market Overview:
The recliner sofas are used to recline when the occupant lowers the chair's back and raises its front. These sofas provide comfort for resting back completely while sitting. These sofas have different reclining positions so that users can rest his/her back much more comfortably. These sofas last about ten years and are very popular in families a lot of space. These sofas come in manual and electrically-powered type. The increasing luxurious living style in commercial and residential places has increased demand for recliner sofas.
Growth Drivers
- Rise in Online Retail Stores
- Increasing Back Pain Problems
- Increasing Demand of Reclining Sofas from Millennial
Roadblocks
- Higher Price than a Traditional Sofa
Opportunities
- Adoption of Power Recliner Sofas
- Increase in Purchasing Power
- Augmenting Work-From-Home Lifestyle
Challenges
- Increasing Number of Regional Recliner Sofa Manufacturers
Competitive Landscape:
Some of the key players profiled in the report are American Leather (United States), Ashley Home Stores, Ltd. (United States), Christies Home Living (United States), Heritage Home Group (United States), Homelegance, Inc. (United States), La-Z-Boy Incorporated (United States), Seatcraft (United States), Ekornes (Norway), Man Wah Holdings (Hong Kong) and Steinhoff International (Germany). Additionally, following companies can also be profiled that are part of our coverage like American Signature, Inc. (United States), Coaster Fine Furniture (United States), Divano Furniture (United States) and Shenzhen PG Century Furniture Co.,Ltd (China). Analyst at AMA Research see United States and European Vendors to retain maximum share of Global Reclining Sofas market by 2026. Considering Market by Seating , the sub-segment i.e. One Seater will boost the Reclining Sofas market. Considering Market by Sales Channel, the sub-segment i.e. Online {Company Websites, E-Commerce Websites} will boost the Reclining Sofas market. Considering Market by Material, the sub-segment i.e. Fabric will boost the Reclining Sofas market.
What Can be Explored with the Reclining Sofas Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Reclining Sofas Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Reclining 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 Reclining 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 Reclining 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 New Entrants/Investors, Analysts and Strategic Business Planners, Reclining Sofas Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End User.
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.