A recliner sofa is an armchair that reclines the chair’s back and raises its front. It is an adjustable cushioned armchair, which has a backrest that can be tilted back and a footrest that can be extended by a lever attached on the side of the chair or may appear automatically when the chair’s back is reclined. Recliner sofa is the most comfortable armchair that comes with many advanced featured like adjustable headrest, lumbar support, heat massage, vibration, and others, which improve its overall experience.
COVID-19 Scenario Analysis:
Corona virus has spread all over the world and most of the countries are adopting lockdown measures to control the spread of the virus and securing public health. All business and production activities are fully shut down except the necessary one such as food and medical sector or other, leading towards economic crisis in the country. Manufacturing and production functions are stopped which has slowed down the business and inactive trade and transportation has fully disrupted the supply chain because of which companies can face big losses in near future.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Increase in population and rise in disposable income of consumers has increased the purchasing power of the consumers, and thus encourage them to spend more on products which provide convenience and comfort to them. Rapid growth in residential construction industry has increased the demand for home furnishing products and changes in purchasing behavior of consumers to buy luxury and premium products fuel the market demand for recliner sofas. Consumers are now more concerned about their lifestyle and living standard and to improve that, they buy premium products for their home to enhance house aesthetics at affordable prices available on online as well as offline platforms.
The global recliner sofas market trends are as follows:
New product launches to flourish the market
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. The most popular recliner with biggest technological advancement launched by American Leather is comfort air technology. This technology works according with the person’s style and motion sitting on it. Comfort air recliners can swivel a full 360 degrees according with the person’s motion to turn in any direction without pressing any button or pulling any lever. It gives a feel of floating on air with full balance on chair reduces the chance of back pain regardless of how person sits and lean on it.
Key Benefits of the Report:
- This study presents the analytical depiction of the global recliner sofas 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 recliner sofas market share.
- The current market is quantitatively analyzed to highlight the global recliner sofas market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global recliner sofas market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Recliner Sofas Market Research Report:
- What are the leading market players active in the recliner sofas 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?
Recliner Sofas Market Report Highlights
By Distribution Channel
Key Market Players
Ashley Home Stores Ltd., Seatcraft, American Leather, Christies Home Living, Homelegance Inc., American Signature Inc., Coaster Fine Furniture, Divano Furniture, Heritage Home Group