The global bean bag loungers market is experiencing a significant growth, and will grow considerably in next few years. Bean bag lounger is considered to be a large, frameless and soft chair used as a cushion or support made up of cloth like plastic fabric filled with soft plastic chips that easily moulds according to the occupant’s motion. Bean bags are light weight chairs that are portable and easy to clean. These bags can be termed as a multifunctional asset that can be used as a chair, table, floor cushion, foot table and many more. Bean bags are used in both indoor and outdoor segments for relaxing purpose.
COVID-19 Scenario Analysis:
Corona virus has spread all over the world and most countries are adopting lockdown measures to control spread of the virus and securing public health. The impact of corona can be seen in everything starting from dining tables to economy. All business and production activities are fully shut down except the necessary ones such as food and medical sectors, leading toward economic crisis in various countries. Manufacturing and production functions are stopped, which has slowed down business and inactive trade and transportation has fully disrupted supply chain, owing to which companies can face big losses in the future.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Growth in the construction industry leads to increase in number of residential and commercial buildings anticipating for growth in demand for bean bags in the market. Residential sector is dominating in the use of bean bags as consumers find it more luxurious with numerous applications inside their houses. Consumers demand for products that can be used for various purposes and eliminate other product to save space in their houses that raised popularity of products. It is mainly used for gaming, watching TV, relaxing, eating, studying, and lazing in developed countries, making its way to developing countries.
The global bean bag lounger market trends are as follows:
New products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. Now companies have launched a Moon-Pod bean bag that is specifically engineered to support any body shape. It is filled with high density beads that keep body relaxed and elevated by giving the sensation of floating on a cloud. It is a space saving asset of a house that gives best comfort to body by relieving back and neck pain and reducing anxiety levels.
Key Benefits of the Report:
- This study presents analytical depiction of the global bean bag loungers industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global bean bag lounger market share.
- The current market is quantitatively analyzed to highlight the global bean bag lounger market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global bean bag loungers market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the bean bag loungers Market Research Report:
- What are the leading market players active in the bean bag loungers market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What would be the detailed impact of COVID-19 on the market?
Bean Bag Loungers Market Report Highlights
By Distribution Channel
Key Market Players
Fatboy, Lovesac and Yogibo LLC., SUMO LOUNGE INTERNATIONAL, Lumaland Inc., CordaRoy’s, Yogibo LLC, MUJI, Comfy Sacks, AFA Inc., LUVU BRANDS