What is Leather Sofa?
Leather is one of the most extensively traded commodities in the world. The leather and leather products industry plays a protuberant role in the world’s economy. Leather sofa is the made from animal skins, such as pigskin, sheepskin and other animal skin, after a certain process into leather made of seats, made of leather with breathable. The use of leather sofa for a long time, the internal fat will be lost and hard to volatilize and need maintenance.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | IKEA (Netherlands), B&B Italia (Italy), Q&U Furniture Group (China), Ashley Furniture (United States), American Leather (United States), KUKA (China), Thomasville Furniture Industries (United States), La-Z-Boy (United States), LandBond (United Kingdom), Drexel Heritage (United States) and Norwalk Furniture (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Aniline Leather, Semi-aniline Leather, Pigmented Leather and Others) , by application (Household, Office and Public Place) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Leather Sofa market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Leather Sofa market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are IKEA (Netherlands), B&B Italia (Italy), Q&U Furniture Group (China), Ashley Furniture (United States), American Leather (United States), KUKA (China), Thomasville Furniture Industries (United States), La-Z-Boy (United States), LandBond (United Kingdom), Drexel Heritage (United States) and Norwalk Furniture (United States).
Market Overview:
In January 2022, Mensa Brands has acquires leather brand Estalon. This acquisition marks Mensa Brands’ foray into the growing leather goods segment
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 competitive advantage through combined synergies.
Influencing Trend:
Growing Industrialisation in Current Developing Economics and Recent Technological Developments in Leather Sofa
Market Growth Drivers:
Growing Income among the Population in Developing Economies and Increasing Demand for fully Furnished Apartments
Challenges:
High Initial Cost of Leather Sofa as Compare to Other Sofa
Restraints:
Availability of Alternatives like Fabric Sofa
Opportunities:
Increase in the Inclination towards Modern Interiors
Key highlights of the Global Leather Sofa market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Leather Sofa market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Leather Sofa market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Leather Sofa Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Leather Sofa market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Leather Sofa market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using 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 Manufacturers of Leather Sofa, Suppliers of Leather Sofa, Wholesalers, Distributors and Retailers of Leather Sofa and Raw Material Supplier.
This helps us to gather the data for the 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 include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.