Market Research Report
Global Recliner Sofas Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||372100|
|Published||Content info||106 Pages
Delivery time: 1-2 business days
|Global Recliner Sofas Market 2019-2023|
|Published: November 22, 2018||Content info: 106 Pages||
The growing adoption of Augmented Reality for enabling recliner sofa sales will drive growth in the recliner sofas market. Technological advancements in the global furniture market have fostered strong demand for visual technologies in the selling process of recliner sofas. AR or Augmented Reality is a technology that is expected to gain prominence in the global recliner sofas market. Technavio's analysts have predicted that the recliner sofas market will register a CAGR of more than 7% by 2023.
The evolving product ergonomics in terms of style, utility, and features is expected to fuel the market growth. Given evolving customer preferences in terms of factors such as luxury and comfort, there has been a significant increase in new product launches focused on ergonomics.
Another trend that can challenge the growth of the recliner sofas market is the rising demand for furniture rentals.
For the detailed list of factors that will drive and challenge the growth of the recliner sofas market during the 2019-2023, view our report.
The presence of several companies including Ashley Home Stores and Ekornes, indicates that the competitive environment is quite intense. Factors such as the growing adoption of Augmented Reality for enabling recliner sofa sales and the evolving product ergonomics in terms of style, utility, and features, will provide considerable growth opportunities to recliner sofas manufactures. Ashley Home Stores, Ekornes, Man Wah Holdings, Steinhoff International Holdings, and La-Z-Boy are some of the major companies covered in this report.
'With the presence of a considerable number of companies, this market appears to be fragmented. Vendors are rallying behind Android-run AR apps intended to help customers visualize furniture items such as recliner chairs and sofa sets among others in their homes. The rise in the adoption of private-label furniture that include recliner sofas and other products has encouraged many retailers to launch their own private-label brands'