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Global Recliner Sofas Market 2019-2023

Global Recliner Sofas Market 2019-2023

About this market

The growing adoption of Augmented Reality for enabling recliner sofa sales will drive growth in the recliner sofas market. Technological advancements in the global furniture market have fostered strong demand for visual technologies in the selling process of recliner sofas. AR or Augmented Reality is a technology that is expected to gain prominence in the global recliner sofas market. Technavio’s analysts have predicted that the recliner sofas market will register a CAGR of more than 7% by 2023.

Market Overview

Evolving product ergonomics

The evolving product ergonomics in terms of style, utility, and features is expected to fuel the market growth. Given evolving customer preferences in terms of factors such as luxury and comfort, there has been a significant increase in new product launches focused on ergonomics.

Growth in furniture rentals

Another trend that can challenge the growth of the recliner sofas market is the rising demand for furniture rentals.

For the detailed list of factors that will drive and challenge the growth of the recliner sofas market during the 2019-2023, view our report.

Competitive Landscape

The presence of several companies including Ashley Home Stores and Ekornes, indicates that the competitive environment is quite intense. Factors such as the growing adoption of Augmented Reality for enabling recliner sofa sales and the evolving product ergonomics in terms of style, utility, and features, will provide considerable growth opportunities to recliner sofas manufactures. Ashley Home Stores, Ekornes, Man Wah Holdings, Steinhoff International Holdings, and La-Z-Boy are some of the major companies covered in this report.

‘With the presence of a considerable number of companies, this market appears to be fragmented. Vendors are rallying behind Android-run AR apps intended to help customers visualize furniture items such as recliner chairs and sofa sets among others in their homes. The rise in the adoption of private-label furniture that include recliner sofas and other products has encouraged many retailers to launch their own private-label brands’


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Recliner Sofas Market 2019-2023

Technavio recognizes the following companies as the key players in the global recliner sofas market: Ashley Home Stores, Ekornes, Man Wah Holdings, Steinhoff International Holdings, and La-Z-Boy.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing adoption of Augmented Reality for enabling recliner sofa sales.”

According to the report, one of the major drivers for this market is the evolving product ergonomics in terms of style, utility, and features.

Further, the report states that one of the major factors hindering the growth of this market is the growth in furniture rentals.

Companies Mentioned

Ashley Home Stores
Ekornes
La-Z-Boy
Man Wah Holdings
Steinhoff International Holdings

PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: CUSTOMER LANDSCAPE
PART 07: MARKET SEGMENTATION BY RETAIL FORMATS
Market segmentation by retail formats
Comparison by retail formats
Furniture and furnishing stores - Market size and forecast 2018-2023
Hypermarkets - Market size and forecast 2018-2023
E-retailers - Market size and forecast 2018-2023
Other retailers - Market size and forecast 2018-2023
Market opportunity by retail formats
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
Americas - Market size and forecast 2018-2023
EMEA - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 11: TRENDS
PART 12: VENDOR LANDSCAPE
Overview
Landscape disruption
PART 13: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Ashley Home Stores
Ekornes
La-Z-Boy
Man Wah Holdings
Steinhoff International Holdings
PART 14: APPENDIX
Research methodology
List of abbreviations
PART 15: EXPLORE TECHNAVIO
Exhibit 01: Global furniture market
Exhibit 02: Segments of global furniture market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ billions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Customer landscape
Exhibit 18: Retail formats - Market share 2018-2023 (%)
Exhibit 19: Comparison by retail formats
Exhibit 20: Furniture and furnishing stores - Market size and forecast 2018-2023 ($ billions)
Exhibit 21: Furniture and furnishing stores - Year-over-year growth 2019-2023 (%)
Exhibit 22: Hypermarkets - Market size and forecast 2018-2023 ($ billions)
Exhibit 23: Hypermarkets - Year-over-year growth 2019-2023 (%)
Exhibit 24: E-retailers - Market size and forecast 2018-2023 ($ billions)
Exhibit 25: E-retailers - Year-over-year growth 2019-2023 (%)
Exhibit 26: Other retailers - Market size and forecast 2018-2023 ($ billions)
Exhibit 27: Other retailers - Year-over-year growth 2019-2023 (%)
Exhibit 28: Market opportunity by retail formats
Exhibit 29: Market share by geography 2018-2023 (%)
Exhibit 30: Geographic comparison
Exhibit 31: Americas - Market size and forecast 2018-2023 ($ billions)
Exhibit 32: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 33: EMEA - Market size and forecast 2018-2023 ($ billions)
Exhibit 34: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 35: APAC - Market size and forecast 2018-2023 ($ billions)
Exhibit 36: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 37: Key leading countries
Exhibit 38: Market opportunity
Exhibit 39: Impact of drivers and challenges
Exhibit 40: Vendor landscape
Exhibit 41: Landscape disruption
Exhibit 42: Vendors covered
Exhibit 43: Vendor classification
Exhibit 44: Market positioning of vendors
Exhibit 45: Ashley Home Stores - Vendor overview
Ashley Home Stores - Product segments
Exhibit 46: Ashley Home Stores - Organizational developments
Exhibit 47: Ashley Home Stores - Key offerings
Exhibit 48: Ekornes - Vendor overview
Exhibit 49: Ekornes - Product segments
Exhibit 50: Ekornes – Geographic focus
Exhibit 51: Ekornes - Segment focus
Exhibit 52: Ekornes - Key offerings
Exhibit 53: La-Z-Boy - Vendor overview
Exhibit 54: La-Z-Boy - Business segments
Exhibit 55: La-Z-Boy - Organizational developments
Exhibit 56: La-Z-Boy - Geographic focus
Exhibit 57: La-Z-Boy - Segment focus
Exhibit 58: La-Z-Boy - Key offerings
Exhibit 59: Man Wah Holdings - Vendor overview
Exhibit 60: Man Wah Holdings - Product segments
Exhibit 61: Man Wah Holdings - Organizational developments
Exhibit 62: Man Wah Holdings – Geographic focus
Exhibit 63: Man Wah Holdings - Segment focus
Exhibit 64: Man Wah Holdings - Key offerings
Exhibit 65: Steinhoff International Holdings - Vendor overview
Exhibit 66: Steinhoff International Holdings - Business segments
Exhibit 67: Steinhoff International Holdings - Key offerings

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