Global Recliner Sofas Market Value to Increase by $ 4.74 Billion During 2020-2024 | Growth in E-commerce Industry to Emerge as Key Driver | Technavio

The recliner sofas market is expected to grow by USD 4.74 billion, progressing at a CAGR of over 2% during the forecast period.
This press release features multimedia. View the full release here:
Technavio has announced its latest market research report titled Global Recliner Sofas Market 2020-2024 (Graphic: Business Wire)
Click & Get Free Sample Report in Minutes
The growth in the e-commerce industry is one of the major factors propelling market growth. However, factors such as fluctuations in raw material prices will hamper the market growth.
More details:
Recliner Sofas Market: Distribution Channel Landscape
Based on the distribution channel, the market witnessed maximum growth in the furniture and furnishing stores segment in 2019. The segment is driven by factors such as the increasing sophistication of furniture and furnishing stores and the growing popularity of specialty and lifestyle furniture stores. The market growth in the segment will be significant over the forecast period.
Recliner Sofas Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 34% of the market’s overall growth is expected to originate from APAC. Factors such as the growing clusters of furniture hypermarkets, higher living standards, and rapid changes in customer preference are driving the growth of the recliner sofas market in APAC.
China and India are the key markets for recliner sofas in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Related Reports on Consumer Discretionary Include:
Global Furniture Market – Global furniture market is segmented by product (home, office, and others) and geography (APAC, Europe, North America, South America, and MEA). Click Here to Get an Exclusive Free Sample Report
Luxury Massage Chair Market in US – Luxury massage chair market in US is segmented by end-user (residential and commercial) and distribution channel (offline and online). Click Here to Get an Exclusive Free Sample Report
Companies Covered:

  • Ashley Furniture Industries Inc.
  • Bush Industries Inc.
  • Dorel Industries Inc.
  • Inter IKEA Holding BV
  • LaZBoy Inc.
  • Man Wah Holdings Ltd.
  • Qumei Home Furnishings Group Co. Ltd.
  • Raymour and Flanigan Furniture
  • Steinhoff International Holdings NV

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Key Topics Covered:
Executive Summary
Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Furniture and furnishing stores – Market size and forecast 2019-2024
  • Hypermarkets – Market size and forecast 2019-2024
  • E-retailers – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by Distribution channel

Customer landscape
Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Ashley Furniture Industries Inc.
  • Bush Industries Inc.
  • Dorel Industries Inc.
  • Inter IKEA Holding BV
  • LaZBoy Inc.
  • Man Wah Holdings Ltd.
  • Qumei Home Furnishings Group Co. Ltd.
  • Raymour and Flanigan Furniture
  • Steinhoff International Holdings NV


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on
CONTACT: Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
SOURCE: Technavio Research
Copyright Business Wire 2021.
PUB: 02/04/2021 10:28 PM/DISC: 02/04/2021 10:28 PM