Recliner Sofa Market in the US 2017-2021
About Recliner Sofa
A recliner sofa is a type of furniture that could easily be reclined as the users can lower the sofa's back and raise the front to function as a footrest. Recliner sofas are available in assorted styles, designs, fabrics, and functions. Recliner sofas are available in two functions, namely power recliner sofas and manual recliner sofas. The types of these sofas include single-seater recliner sofa and multi-seater recliner sofa. Online and offline distribution channels are the two modes to distribute recliner sofas in the US market.
Technavio’s analysts forecast the recliner sofa market in the US to grow at a CAGR of 6.83% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the recliner sofa market in the US 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Technavio's report, Recliner Sofa Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Recliner Sofa Market in the US 2017-2021
Technavio recognizes the following companies as the key players in the recliner sofa market in the US: Ashley Furniture Industries, Heritage Home Group, La-Z-Boy, Man Wah Holdings, and Williams-Sonoma.
Other Prominent Vendors in the market are: ACME Furniture, American Leather, Barcalounger, Bassett Furniture Industries, Bernhardt Furniture Company, Ekornes, Ethan Allen Global, Flexsteel Industries, Furniture of America, Haverty Furniture Companies, Jackson Furniture Industries, Klaussner Home Furnishings, and Med-Lift.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Furniture customization. The customization of furniture is a growing trend among buyers looking for innovative designs and styles in furniture. Recliner sofas can also be customized as per the individual's choice. The companies provide sufficient options in terms of fabrics, design choices, leather, covering styles, shapes, sizes, and power options for reclining sofas (single seater as well as multi-seater). Homeowners who like to explore more available options for their living room décor, opt for customization of furniture as per their desire. Moreover, interior designers who are appointed by customers also suggest furniture customization. The vendors provide such facilities to attract more customers and build a strong brand image.”
According to the report, one of the major drivers for this market is Product innovation in terms of styles, utility, and features. Advances in technology have compelled the vendors to innovate their product offerings in the furniture industry. The rise in demand for high-end and innovative products has resulted in the premiumization of products. The players in the market are coming up with different designs, styles, and utility-driven products. In the recliner sofa market, vendors emphasize on delivering best solutions for comfort and accordingly design the product. Different styles such as modern, traditional, and contemporary are available in recliner sofas to suit customers' taste and preference.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuation in raw material prices leading to criticality in product pricing. Fluctuations in the prices of raw materials and other assembly components used in the production of recliner sofas and other furniture may limit the market growth during the forecast period. Raw materials used in this industry include woods, metals, filling materials, high carbon spring steel, fabrics, steel, fiberboard, wood, polishes, color paints, polyutherane foam, polyester batting sheets, and others. The manufacturers usually acquire raw materials, assembly component parts, and other finished products from different external suppliers (either domestic or international suppliers).
Ashley Furniture Industries, Heritage Home Group, La-Z-Boy, Man Wah Holdings, Williams-Sonoma, ACME Furniture, American Leather, Barcalounger, Bassett Furniture Industries, Bernhardt Furniture Company, Ekornes, Ethan Allen Global, Flexsteel Industries, Furniture of America, Haverty Furniture Companies, Jackson Furniture Industries, Klaussner Home Furnishings, and Med-Lift.
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