Global Indoor and Outdoor Bean Bags Market 2018-2022
About Indoor and Outdoor Bean Bags
A sealed bag containing dried beans, PVC pellets, expanded polystyrene, or expanded polypropylene is considered as a bean bag.
Technavio’s analysts forecast the global indoor and outdoor bean bags market to grow at a CAGR of 4.91% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global indoor and outdoor bean bags market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of indoor and outdoor bean bags.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Indoor and Outdoor Bean Bags Market 2018-2022
Technavio recognizes the following companies as the key players in the global indoor and outdoor bean bags market: AMERICAN FURNITURE ALLIANCE, Comfort Research (Big Joe), GDF Studio, Hudson Industries (Gold Medal), LUVU BRANDS (Jaxxbeanbags.com)
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing consumer interest toward lightweight and 6-foot bean bags. Consumer interest toward lightweight bean bags is increasing, as they can easily be moved from one place to another. Most residential consumers in Europe and the Americas prefer bean bag chairs for children, which are lightweight. Additionally, 6-foot bean bags are gaining popularity as they are perceived to be a replacement for recliners. They are designed in such a way that they can be placed in drawing rooms and lounges alike. The concept of theater rooms in residences has also drawn the attention to such bean bags. Thus, it is one of the leading trends for the market in focus.”
According to the report, one of the major drivers for this market is The growth of the real estate industry is another key driver for the global indoor and outdoor bean bags market. The development of commercial complexes, office spaces, and residential buildings has raised the demand for bean bags. The housing and real estate industry is influenced by technological progress and demographic shifts, which include growing urbanization and differentiated lifestyle of citizens across different countries.
Further, the report states that one of the major factors hindering the growth of this market is Lack of product awareness and product penetration in developing regions. t has been observed that the product penetration and consumer awareness are low in the developing economies of APAC and MEA. The consumers in these regions find low product utility due to poor vendor presence and lack of marketing campaigns. They do not have fair understanding of the use and properties of bean bags. I
AMERICAN FURNITURE ALLIANCE
Comfort Research (Big Joe)
Hudson Industries (Gold Medal)
LUVU BRANDS (Jaxxbeanbags.com)
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook