Industry Background:
As in investment a sofa with a good quality couch is a great choice to be invest as it will be last for years, so it is equally important to choose the one that is suited to home and your lifestyle in a best way. While if talking about the fabric sofa market then it is available in huge range of colours and patterns, which makes it easy to find one that suits interior decor
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | IKEA (SE) (Netherland), American Leather (United States), Drexel Heritage (United States), Thomasville Furniture Industries (United States), Ashley Furniture (United States), Rowe Furniture (United States), BandB Italia (IT) (Italy), La-Z-Boy (United States) and Norwalk Furniture (United States) |
This growth is primarily driven by Increase in the variant lifestyle of urbanisation, Growing disposable income and Changing in the lifestyle.
Globally, a noticeable market trend is evident Growing industrialisation in current developing economics
The Consumer Goods sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as IKEA (SE) (Netherland), American Leather (United States), Drexel Heritage (United States), Thomasville Furniture Industries (United States), Ashley Furniture (United States), Rowe Furniture (United States), BandB Italia (IT) (Italy), La-Z-Boy (United States) and Norwalk Furniture (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations.
Key Developments in the Market:
In May 2023, Mohawk Industries, Inc. collaborated with IVC Commercial, a manufacturer of commercial flooring and wall coverings, to develop and market new fabric sofa designs specifically for commercial applications. The partnership aimed to expand Mohawk's presence in the commercial furniture market and cater to the growing demand for stylish and durable fabric sofas in office, hospitality, and healthcare settings.
In November 2023, Child-friendly fabric sofas are a great option for homeowners who have children. Child-friendly fabric sofas are made from easy-to-clean fabrics that can withstand spills and stains.
Influencing Trend:
Growing industrialisation in current developing economics and Recent technological developments in coated fabrics
Market Growth Drivers:
Increase in the variant lifestyle of urbanisation, Growing disposable income and Changing in the lifestyle
Challenges:
Lack of availability of skilled labour
Restraints:
Availability of alternatives like leather sofa
Opportunities:
Increase in the inclination towards modern interiors
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 Fabric Sofa Market
- Analysis about New Entrants in Fabric Sofa 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, Fabric Sofa Study Sheds Light on
The Fabric Sofa Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Fabric Sofa industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fabric Sofa 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.