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The sofa is a crucial piece of furniture in which a customer can relax after a long day at work. Genuine leather or synthetic leather is used to make leather sofas. Leather sofas are more robust than cotton sofas and can last for years. A high-quality leather sofa will retain its shape and appearance for many years. With a fast wipe and a little dusting, the leather gets cleaned quickly. The expansion of homes, growth in disposable income, and rapid urbanization in consumers are increasing the demand for leather sofa. Leather provides a shiny texture and gives an aesthetic look. Consumers opt for leather sofas to fulfill their esteem needs. With the advent of the COVID-19 pandemic, the demand for leather sofas has decreased; as the consumers have shifted their interest toward essential amenities to survive the harsh situation.
COVID-19 Impact Analysis
Top Impacting Factors
Market Trends
New product launches to flourish the market
Leading market companies have developed new goods with enhanced capabilities. They have taken the efforts necessary to amplify the quality and functionality. Comfort air technology is the most popular leather recliner sofas with American Leather's colossal technical improvement. This technology depends on the person's movement and style. Comfortable leather recliner sofas can swing up to 360 degrees to flip in any direction with no button and no lever pull. It offers a sense of floating in the air with optimum chair balance minimizes the possibility of back discomfort, regardless of the way a person is sitting on it and leaning on it.
Online service companies are helping in the growth of the leather sofa market
Online service companies such as Urban Company is providing after-sales services that are helping the frontline furniture companies to increase their sales. The Urban Company offers its professional employees for the installation and fixation of furniture or other pieces of equipment. The assurance for receiving the best service on the request is encouraging the consumers to shop for leather sofas and other furniture. In future, the furniture companies can collaborate with the service companies that will make the purchase more convenient for the consumers. The collaboration is expected to open new doors for the leather sofa market and boost the growth of sales and demand.
Key Benefits of the Report
Questions Answered in the Report
Leather Sofa Market Report Highlights
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Key Market Players | Homelegance, Inc, Inter Ikea Holding B.V., Jason Furniture (Hangzhou) Co., Ltd, B & B Italia S.p.A, Heritage Home Group, Divano Furniture, Co., Ashley Homestore, Ltd, Ashley Furniture Industries Inc, Man Wah Holdings Holdings Limited, American Signature, Inc. |
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