US Leather Furniture Market - Industry Trends and Forecast To 2029

Description

List of Tables

U.S. leather furniture market is projected to register a 7.3% CAGR in the forecast period 2022 to 2029. The new market report contains data for the historic years 2020, the base year of calculation is 2021, and the forecast period is 2022 to 2029

Market Segmentation:

U.S. Leather Furniture Market, By Category (Full Grain, Top Grain, Genuine, Bicast, Bonded, and Synthetic), Finish (Aniline, Semi-Aniline, Brush-Colored, Degrained, Die-Cut, Embossed, Handworked, Metallic, Nappa, Nubuck, Oily, Patent, Suede, Waxy, and Others), Product (Sofa, Chair, Bean Bags, Corner Sofa, Recliner, Stool, Ottoman, Pouf, Table, Foot Stools, and Others), Distribution Channel (E-Commerce, B2B, Third Party Distributors, and Others), Application (Residential and Commercial), Country (U.S.) Industry Trends and Forecast to 2029

Some of the major factors contributing to the growth of the U.S. leather furniture market:

Rise in the consumer preference for home decoration
Shift in inclination toward luxury products among consumers

Market Players:

Some of the other players in the U.S. leather furniture market are:

Norwalk
La-Z-Boy Incorporated
B&B ITALIA SPA
Inter IKEA Systems B.V.
Natuzzi S.p.A.
Rowe Furniture
NELLA VETRINA
DOMICILE FURNITURE
Palliser Furniture

1 INTRODUCTION 14

1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 OVERVIEW OF U.S. LEATHER FURNITURE MARKET 14
1.4 LIMITATION 15
1.5 MARKETS COVERED 15

2 MARKET SEGMENTATION 18

2.1 MARKETS COVERED 18
2.2 GEOGRAPHICAL SCOPE 19
2.3 YEARS CONSIDERED FOR THE STUDY 19
2.4 CURRENCY AND PRICING 19
2.5 DBMR TRIPOD DATA VALIDATION MODEL 20
2.6 DISTRIBUTION CHANNEL LINE CURVE 24
2.7 MULTIVARIATE MODELING 25
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 26
2.9 DBMR MARKET POSITION GRID 27
2.10 MARKET CONSUMER CATEGORY COVERAGE GRID 28
2.11 DBMR MARKET CHALLENGE MATRIX 29
2.12 DBMR VENDOR SHARE ANALYSIS 30
2.13 IMPORT-EXPORT DATA 31
2.14 SECONDARY SOURCES 32
2.15 ASSUMPTIONS 32

3 EXECUTIVE SUMMARY 33

4 PREMIUM INSIGHTS 35

4.1 BRAND COMPARATIVE ANALYSIS 38
4.2 FACTORS INFLUENCING BUYING DECISION 39
4.3 PESTLE ANALYSIS 41
4.4 PORTER'S FIVE FORCES: 42
4.5 PRODUCT ADOPTION CRITERIA 44
- 4.5.1 OVERVIEW 44
  - 4.5.1.1 PRODUCT AWARENESS 45
  - 4.5.1.2 PRODUCT INTEREST 45
  - 4.5.1.3 PRODUCT EVALUATION 45
  - 4.5.1.4 PRODUCT TRIAL 45
  - 4.5.1.5 PRODUCT ADOPTION 45
  - 4.5.1.6 CONCLUSION 45
4.6 CONSUMERS BUYING BEHAVIOUR 46
- 4.6.1 OVERVIEW 46
  - 4.6.1.1 COMPLEX BUYING BEHAVIOR 46
  - 4.6.1.2 DISSONANCE-REDUCING BUYING BEHAVIOR 47
  - 4.6.1.3 HABITUAL BUYING BEHAVIOR 47
  - 4.6.1.4 VARIETY SEEKING BEHAVIOR 47
  - 4.6.1.5 CONCLUSION 47

5 LEATHER FURNITURE MARKET 48

5.1 U.S. 48

6 MARKET OVERVIEW 49

6.1 DRIVERS 51
- 6.1.1 THE RISE IN THE CONSUMER PREFERENCE FOR HOME DECORATION 51
- 6.1.2 THE RISE IN LEVEL OF DISPOSABLE INCOME OF PEOPLE AND CONTINUOUS CHANGING LIFESTYLE 51
- 6.1.3 SHIFT IN INCLINATION TOWARD LUXURY PRODUCTS AMONG CONSUMERS 52
- 6.1.4 UPSURGE IN THE STRONG DEMAND FOR VARIOUS END-USE INDUSTRIES SUCH AS RESIDENTIAL AND COMMERCIAL 53
6.2 RESTRAINT 53
- 6.2.1 FLUCTUATION IN THE PRICES OF RAW MATERIALS 53
6.3 OPPORTUNITIES 54
- 6.3.1 INCREASE IN THE GROWTH OF THE REAL ESTATE INDUSTRY 54
- 6.3.2 INFLUENCE OF SOCIAL MEDIA AND RISING ADOPTION RATE OF NEW TECHNOLOGIES AND MATERIALS 54
6.4 CHALLENGE 55
- 6.4.1 HIGH COST OF LEATHER FURNITURE IS NOT SUITABLE FOR PEOPLE WHO PREFER TO RENT 55

7 U.S. LEATHER FURNITURE MARKET, BY CATEGORY 57

7.1 OVERVIEW 58
7.2 FULL GRAIN 59
7.3 TOP GRAIN 59
7.4 GENUINE 60
7.5 BICAST 60
7.6 BONDED 60
7.7 SYNTHETIC 60

8 U.S. LEATHER FURNITURE MARKET, BY FINISH 61

8.1 OVERVIEW 62
8.2 ANILINE 65
8.3 SEMI-ANILINE 65
8.4 BRUSH-COLORED 66
8.5 DEGRAINED 66
8.6 DIE-CUT 66
8.7 EMBOSSED 66
8.8 HANDWORKED 66
8.9 METALLIC 67
8.10 NAPPA 67
8.11 NUBUCK 67
8.12 OILY 67
8.13 PATENT 67
8.14 SUEDE 68
8.15 WAXY 68
8.16 OTHERS 68

9 U.S. LEATHER FURNITURE MARKET, BY PRODUCT 69

9.1 OVERVIEW 70
9.2 SOFA 72
9.3 CHAIR 72
9.4 BEAN BAGS 72
9.5 CORNER SOFA 73
9.6 RECLINER 73
9.7 STOOL 73
9.8 OTTOMAN 73
9.9 POUF 73
9.10 TABLE 74
9.11 FOOT STOOL 74
9.12 OTHERS 74

10 U.S. LEATHER FURNITURE MARKET, BY APPLICATION 75

10.1 OVERVIEW 76
10.2 RESIDENTIAL 77
10.3 COMMERCIAL 77
- 10.3.1 COMMERCIAL, BY APPLICATION 77
  - 10.3.1.1 HOTELS 78
  - 10.3.1.2 RESORTS 78
  - 10.3.1.3 UNIVERSITY 78
  - 10.3.1.4 HOSPITAL 78
  - 10.3.1.5 PUBLIC OFFICES 79
  - 10.3.1.6 RESTAURANTS 79
  - 10.3.1.7 PRIVATE OFFICES 79
  - 10.3.1.8 SHOPPING MALLS 79
  - 10.3.1.9 OTHERS 80

11 U.S. LEATHER FURNITURE MARKET, BY DISTRIBUTION CHANNEL 81

11.1 OVERVIEW 82
11.2 B2B 83
11.3 THIRD PARTY DISTRIBUTORS 83
11.4 E-COMMERCE 83
11.5 OTHERS 84

12 EUROPE LEATHER FURNITURE MARKET, COMPANY LANDSCAPE 85

12.1 COMPANY SHARE ANALYSIS: U.S. 85
- 12.1.1 NEW PRODUCT DEVELOPMENT 86

13 SWOT ANALYSIS 87

14 COMPANY PROFILES 88

14.1 LA-Z-BOY INCORPORATED 88
- 14.1.1 COMPANY SNAPSHOT 88
- 14.1.2 REVENUE ANALYSIS 89
- 14.1.3 PRODUCT PORTFOLIO 89
- 14.1.4 RECENT UPDATE 90
14.2 B&B ITALIA SPA 91
- 14.2.1 COMPANY SNAPSHOT 91
- 14.2.2 PRODUCT PORTFOLIO 91
- 14.2.3 RECENT DEVELOPMENTS 93

14.3 INTER IKEA SYSTEMS B.V. 94
- 14.3.1 COMPANY SNAPSHOT 94
- 14.3.2 REVENUE ANALYSIS 94
- 14.3.3 PRODUCT PORTFOLIO 95
- 14.3.4 RECENT DEVELOPMENT 95
14.4 NATUZZI S.P.A. 96
- 14.4.1 COMPANY SNAPSHOT 96
- 14.4.2 REVENUE ANALYSIS 96
- 14.4.3 PRODUCT PORTFOLIO 97
- 14.4.4 RECENT UPDATE 98
14.5 DOMICILE FURNITURE 99
- 14.5.1 COMPANY SNAPSHOT 99
- 14.5.2 PRODUCT PORTFOLIO 99
- 14.5.3 RECENT DEVELOPMENTS 99
14.6 DURESTA 100
- 14.6.1 COMPANY SNAPSHOT 100
- 14.6.2 PRODUCT PORTFOLIO 100
- 14.6.3 RECENT DEVELOPMENTS 100
14.7 NELLA VETRINA 101
- 14.7.1 COMPANY SNAPSHOT 101
- 14.7.2 PRODUCT PORTFOLIO 101
- 14.7.3 RECENT DEVELOPMENTS 102
14.8 NORWALK 103
- 14.8.1 COMPANY SNAPSHOT 103
- 14.8.2 PRODUCT PORTFOLIO 103
- 14.8.3 RECENT DEVELOPMENT 105
14.9 PALLISER FURNITURE 106
- 14.9.1 COMPANY SNAPSHOT 106
- 14.9.2 PRODUCT PORTFOLIO 106
- 14.9.3 RECENT DEVELOPMENTS 106
14.10 ROWE FURNITURE 107
- 14.10.1 COMPANY SNAPSHOT 107
- 14.10.2 PRODUCT PORTFOLIO 107
- 14.10.3 RECENT DEVELOPMENTS 107

15 QUESTIONNAIRE 108

16 RELATED REPORTS 112

LIST OF TABLES

TABLE 1 IMPORT DATA OF LEATHER OF PATENT LEATHER AND PATENT LAMINATED LEATHER; METALLISED LEATHER (EXCLUDING LACQUERED OR METALLISED RECONSTITUTED LEATHER); HS CODE - 411420 (USD THOU.S.ND) 28
TABLE 2 EXPORT DATA OF LEATHER OF PATENT LEATHER AND PATENT LAMINATED LEATHER; METALLISED LEATHER (EXCLUDING LACQUERED OR METALLISED RECONSTITUTED LEATHER) - 411420 (USD THOU.S.ND) 28
TABLE 3 U.S. LEATHER FURNITURE MARKET, BY CATEGORY, 2020-2029 (USD MILLION) 56
TABLE 4 U.S. LEATHER FURNITURE MARKET, BY CATEGORY, 2020-2029 (MILLION UNITS) 56
TABLE 5 U.S. LEATHER FURNITURE MARKET, BY FINISH, 2020-2029 (USD MILLION) 61
TABLE 6 U.S. LEATHER FURNITURE MARKET, BY PRODUCT, 2020-2029 (USD MILLION) 69
TABLE 7 U.S. LEATHER FURNITURE MARKET, BY APPLICATION, 2020-2029 (USD MILLION) 74
TABLE 8 U.S. COMMERCIAL IN LEATHER FURNITURE MARKET, BY APPLICATION, 2020-2029 (USD MILLION) 75
TABLE 9 U.S. LEATHER FURNITURE MARKET, BY DISTRIBUTION CHANNEL, 2020-2029 (USD MILLION) 80

LIST OF FIGURES

FIGURE 1 U.S. LEATHER FURNITURE MARKET: SEGMENTATION 15
FIGURE 2 U.S. LEATHER FURNITURE MARKET: DATA TRIANGULATION 17
FIGURE 3 U.S. LEATHER FURNITURE MARKET: DROC ANALYSIS 18
FIGURE 4 U.S. LEATHER FURNITURE MARKET: REGIONAL VS COUNTRY MARKET ANALYSIS 19
FIGURE 5 U.S. LEATHER FURNITURE MARKET: COMPANY RESEARCH ANALYSIS 20
FIGURE 6 U.S. LEATHER FURNITURE MARKET: DISTRIBUTION CHANNEL LIFE LINE CURVE 21
FIGURE 7 U.S. LEATHER FURNITURE MARKET: MULTIVARIATE MODELLING 22
FIGURE 8 U.S. LEATHER FURNITURE MARKET: INTERVIEW DEMOGRAPHICS 23
FIGURE 9 U.S. LEATHER FURNITURE MARKET: DBMR MARKET POSITION GRID 24
FIGURE 10 U.S. LEATHER FURNITURE MARKET: CONSUMER CATEGORY COVERAGE GRID 25
FIGURE 11 U.S. LEATHER FURNITURE MARKET: CHALLENGE MATRIX 26
FIGURE 12 U.S. LEATHER FURNITURE MARKET: VENDOR SHARE ANALYSIS 27
FIGURE 13 U.S. LEATHER FURNITURE MARKET: SEGMENTATION 31
FIGURE 14 THE RISING LEVEL OF DISPOSABLE INCOME OF PEOPLE AND CONTINUOUS CHANGING LIFESTYLE IS EXPECTED TO DRIVE THE U.S. LEATHER FURNITURE MARKET IN THE FORECAST PERIOD OF 2022 TO 2029 32
FIGURE 15 FULL GRAIN SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE U.S. LEATHER FURNITURE MARKET IN 2022 & 2029 34
FIGURE 16 U.S. LEATHER FURNITURE MARKET: PRODUCT ADOPTION SCENARIO 41
FIGURE 17 U.S. LEATHER FURNITURE MARKET: TYPES OF CONSUMER BUYING BEHAVIOUR 43
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF U.S. LEATHER FURNITURE MARKET 47
FIGURE 19 URBANIZATION IN DIFFERENT REGIONS 49
FIGURE 20 RENTER OCCUPIED HOUSING UNITS IN U.S. IN QUARTER FOUR OF 2015 TO 2021 52
FIGURE 21 U.S. LEATHER FURNITURE MARKET, BY CATEGORY, 2021 55
FIGURE 22 U.S. LEATHER FURNITURE MARKET, BY FINISH, 2021 60
FIGURE 23 U.S. LEATHER FURNITURE MARKET, BY PRODUCT, 2021 68
FIGURE 24 U.S. LEATHER FURNITURE MARKET, BY APPLICATION, 2021 73
FIGURE 25 U.S. LEATHER FURNITURE MARKET, BY DISTRIBUTION CHANNEL, 2021 79
FIGURE 26 USA LEATHER FURNITURE MARKET: COMPANY SHARE 2021 (%) 82