Recliner Sofa Market: Global Industry Analysis and Forecast (2024-2030)

Recliner Sofa Market was valued at USD 4.45 Bn. in 2023 and is expected to reach USD 6.18 Bn. by 2030, at a CAGR of 4.8% during the forecast period (2024-2030).
Recliner Sofa Market Overview:
A recliner is an armchair or seating arrangement that reclines when the back is lowered and the front is raised. It typically has a backrest that can be reclined and a footrest that can be extended by a mechanism on the side of the chair or automatically when the backrest is reclined. Popular segment of the global furniture market, recliner Sofas; have been a primary product of choice for consumers that provide a comfortable and customizable seating option for their residences. In recent years, market growth has been driven by factors such as rising disposable income, altering preferences, and an ageing population.

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Recliner Sofa Market Research Methodology
The research on global market for recliner sofas is done by using a methodology that incorporates primary and secondary research. Techniques such as market and trend analysis, SWOT and Porter's Five Forces analyses, as well as primary research conducted via surveys, interviews, and focus groups with industry stakeholders were used. A comprehensive understanding of the market, identification of trends and opportunities, and development of effective business strategies was achieved by employing these techniques.
Report scope
Landscape analysis of the recliner Sofa market, competitive benchmarking, past and current status of the industry with the forecasted market size and trends, evaluation of potential key players that include market leaders, followers, and new entrants, technology trends, the potential impact of micro-economic factors on the market, external and Internal factors affecting the market have been analysed.

The report also helps in understanding the recliner Sofa market dynamics, structure by analysing the market segments project the recliner Sofa market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the recliner Sofa market make the report investor’s guide. Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
Recliner Sofa Market Dynamics
There are numerous varieties and functions of recliner Sofas, which are primarily used in commercial settings such as spas, clubs, and real estate offices. Thus, the easy availability of recliner Sofas in various varieties, designs, functionalities, designs, and materials, as well as the rapid growth of the travel and tourism industry, are some of the major factors anticipated to drive the growth of the global recliner Sofa market. In addition, design advancements and customizable products and services are anticipated to fuel the growth of the target market.

However, fluctuating cost of raw materials and high cost of these Sofas or chairs are some major factors expected to hamper the target market growth. Moreover, additional energy cost generated by power-based recliner Sofa may challenge growth of the target market to a certain extent over the forecast period.
Recliner Sofa Market Segments Analysis
Based on Type, The single-seater segment dominated more than half of the total share, growing at a CAGR of around xx% during the forecast period. The growing number of single-person households is one of the primary drivers of the growth of this segment. The increase in disposable income and affinity towards luxury and stylish products will encourage the consumers to invest in these products in the market. The rising number of airports, lounges, and other waiting areas will drive single-seater sofas. In the US, the total number of single-head households was estimated at 50% in 2022. Such changes in the lifestyle will contribute to the growth of this segment.

By Material, The leather segment occupied the largest share in 2023, growing at a CAGR of over xx% during the forecast period. The premium quality and durability associated with leather goods are driving the growth of this segment. The increasing popularity and higher demand among consumers are fuelling the profitability of the leather material segment. The leather is considered a sustainable material and naturally lasts much longer than any other material. Moore & Giles, Universal Leather, Conneaut Leather, and Crest Leather are major leather suppliers for furniture.

By End-User, Commercial recliner sofas have huge demand in various settings like offices, hotels, restaurants, spas, clinics, and more. The growth of this segment can be attributed to rising investments in new commercial property across developed countries and increasing demand for new retail, commercial, and office space in developing countries. The adoption of recliner sofas in workplaces aids in improving employee efficiency, thus having a significant impact on productivity. Cruise liners and airlines are expanding their fleets, augmenting demand for recliner sofas as passengers seek comfort during travel. Luxurious and technologically advanced recliner sofas offered by leading vendors are also driving demand in commercial spaces. Physical therapy clinics and regular clinics are expected to register exponential growth, thanks to recommended types of recliner sofas from doctors and medical professionals.


Recliner Sofa market Regional Analysis
Currently, the largest market for recliner Sofas is in North America, followed by Europe and Asia-Pacific. With ageing population being a key factor, the market in North America is being primarily driven by the rising demand for comfortable and customised furniture. The market in Europe is driven by the growing trend of home renovation and remodelling. Due to increasing urbanisation and rising disposable income, the Asia-Pacific region is anticipated to experience substantial growth over the forecast period. 

Market Drivers

The global market for recliner Sofas is driven by a number of factors, including an increasing demand for comfortable and customizable furniture, rising disposable income, shifting lifestyles, and an ageing population. Demand for recliner Sofas is also driven by the trend towards more contemporary and luxurious living spaces. This is discussed in detail in the report provided by Maximize.

Recliner Sofa market Challenges

Despite the market's development potential, several factors, such as the high cost of recliner Sofas and the availability of cheaper alternatives, such as traditional Sofas or chairs, are anticipated to impede market growth. In addition, environmental issues such as deforestation and carbon footprint are anticipated to be significant market obstacles.
Recliner Sofa Market Competitive landscape
The global market for recliner Sofas is dominated by Ashley Furniture Industries, La-Z-Boy, Inc., Man Wah Holdings Limited, Ekornes ASA, and American Leather, among others. To obtain a competitive edge, these companies are focusing on product innovation, expanding their product portfolios, and entering new markets. For example, Ashley Furniture Industries introduced the "Zero Wall" power recliners in 2020, which do not require any additional space between the wall and the chair in order to recline, thus catering to the rising demand for space-saving furniture.
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Global Recliner Sofa Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 4.45 Bn.


Forecast Period 2024 to 2030 CAGR:
4.8%
Market Size in 2030:
US $ 6.18 Bn.


 Segments Covered:
By Type
Single-Seater
Multi-Seater


By Material
Fabric
Leather
Others


By Operating Mode
Manual
Power


By distribution channel
Furniture and Furnishing Stores
Hypermarkets
E-Retailers
Others


By End User
Commercial
Residential



Global Recliner Sofa Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Recliner Sofa Market Key Players:
North America:
1. Ashley Furniture Industries (USA)
2. La-Z-Boy Incorporated (USA)
3. Man Wah Holdings Limited (USA)
4. Palliser Furniture (Canada)
5. Southern Motion (USA)

Europe:
1. Ekornes ASA (Norway)
2. Natuzzi S.p.A (Italy)
3. Himolla Polstermöbel GmbH (Germany)
4. Steinhoff International (South Africa)
5. ROM (Belgium)

Asia Pacific:
1. Man Wah Holdings Limited (China)
2. Kuka Home (China)
3. Home Meridian International (China)
4. HTL International Holdings Limited (Singapore)
5. Yuan Tai Furniture (China)

Latin America:
1. Móveis Linhares (Brazil)
2. Conforto Móveis (Brazil)
3. Móveis Gazin (Brazil)
4. Marfim Moveis (Brazil)
5. Estofados Jardim (Brazil)

Middle East and Africa:
1. Grafton Everest (South Africa)
2. Sealy Corporation (South Africa)
3. Roya Furniture (Iran)
4. Shapoorji Pallonji Furniture (India)
5. Intermetal (UAE)
FAQ's
1. What is the size of the global recliner Sofa market, and what are its growth prospects?
Ans: The size of the global market was estimated to be around USD 4.45 billion in 2023, with a projected growth rate of 4.8% from 2024 to 2030.

2. What are the key drivers of demand for recliner Sofas, and how are they likely to evolve in the future?
Ans: The key drivers of demand for recliner Sofas include rising disposable incomes, changing consumer lifestyles, and the growing popularity of home entertainment. Future growth is likely to be driven by factors such as technological advancements, shifting demographics, and e-commerce.

3. Who are the leading manufacturers and suppliers of recliner Sofas, and what are their market shares?
Ans: The leading manufacturers and suppliers of recliner Sofas include companies such as Ashley Furniture Industries, La-Z-Boy Incorporated, Man Wah Holdings Limited, and Ekornes ASA, among others.

4. What are the latest trends and innovations in recliner Sofa design and materials, and how are they likely to impact the market?
Ans: The latest trends and innovations in recliner Sofa design and materials include features such as power reclining, built-in USB ports, and high-tech fabrics. Sustainability is also becoming an increasingly important consideration.

5. What are the major challenges facing the recliner Sofa market, such as supply chain disruptions or changing consumer preferences?
Ans: Major challenges facing the market include supply chain disruptions, changing consumer preferences, and raw material cost fluctuations.

6. What are the major distribution channels for recliner Sofas, and how are they evolving?
Ans: Major distribution channels for recliner Sofas include furniture retailers, department stores, e-commerce platforms, and direct-to-consumer brands.

7. How does the recliner Sofa market differ by geography, and what are the opportunities and challenges in different regions?
Ans: The market differs by geography, with North America, Europe, and Asia Pacific being the largest regions. Opportunities and challenges vary by region, depending on factors such as consumer preferences, competition, and regulatory environments.

8. What are the regulatory and legal issues that affect the recliner Sofa market, such as safety standards or environmental regulations?
Ans: Regulatory and legal issues affecting the recliner Sofa market include safety standards, environmental regulations, and labour laws.