Dublin, March 22, 2024 (GLOBE NEWSWIRE) -- The "Recliner Chair Market Report by Product Type, Seating Arrangement, Material, Distribution Channel, End-User, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global recliner chair market size reached US$ 4.2 billion in 2023 and is projected to reach US$ 6.4 billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2023-2032
The growing consumer focus on home improvement and comfort-centric furniture choices, continual advancements in smart home technology, rising influence of lifestyle and wellness trends, and considerable growth in real estate and housing sectors represent some of the factors that are propelling the market.
Recliner chairs are specialized seats designed for comfort and relaxation, featuring mechanisms that allow users to adjust the chair into various positions, including a reclining state. These chairs offer ergonomic benefits, including lumbar support, footrests, and sometimes additional features such as heating and massage capabilities.
Originating as luxury items, recliner chairs have become increasingly accessible and now find utility across diverse sectors, including home settings, cinemas, and specialized medical facilities. They are often constructed with a range of materials, from high-end leather to more budget-friendly synthetics, and can also include smart features like USB charging ports or built-in cup holders. Their primary function is to offer the user a customizable sitting experience, capable of adapting to individual comfort needs, thereby contributing to overall well-being and relaxation.
The global market is primarily driven by the growing consumer focus on home improvement and comfort-centric furniture choices. In line with this, continual advancements in smart home technology are allowing for increasingly sophisticated recliner chair models, enhancing user experience. Moreover, the demand from specialized sectors such as healthcare, where comfort and ease of use are vital, is also contributing to market growth. In addition, the influx of home entertainment options is compelling consumers to invest in more comfortable, cinema-style seating at home, which is creating a positive market outlook.
In addition to this, the rise in telecommuting, which necessitates ergonomic home furniture, is also propelling the market. Also, the aging population's need for comfort and assistance in seating is impacting the market positively. Some of the other factors fueling the market include the inflating disposable income levels, growing consumer willingness to invest in luxury items for home settings, and numerous innovations in furniture materials and design.
North America dominates the global recliner chair market due to several influencing factors. High consumer spending power, coupled with a culture that prioritizes comfort and luxury, stimulates the market. A robust retail ecosystem, encompassing both online and offline channels, has been pivotal in bringing recliner chairs to a broad consumer base.
The region has also witnessed significant real estate activities, including both residential and commercial developments, further contributing to the market's growth. The demand for specialized features such as heat, massage, and lift functionalities is particularly strong in this region. Also, favorable trade policies and tariffs also play a role in shaping the market dynamics, as they affect the pricing and availability of various materials and finished products.
In addition, North America is home to several leading manufacturers and brands, which adds to the market's competitive advantage. The push toward sustainability and ethical production is increasingly influencing consumer choices, making eco-friendly recliners more popular. Aging populations in developed countries such as the United States and Canada significantly contribute to the market, especially for recliners with health benefits such as massage and lift features.
Recliner Chair Market Trends/Drivers
Considerable growth in real estate and housing sectors
The escalating development in real estate and housing sectors across different regions is notably contributing to the expansion of the recliner chair market. New residential projects, as well as renovations of existing properties, create a ripple effect on the furniture industry, necessitating an array of furnishings that include recliner chairs. These chairs are increasingly considered essential in the modern home environment, appreciated for their blend of aesthetic appeal and functionality.
Additionally, the practice of staging homes for sale often incorporates recliner chairs to enhance visual appeal, thereby subtly influencing prospective buyers about their utility. Companies in the recliner chair sector are forming strategic partnerships with real estate developers to outfit corporate apartments and other furnished residential solutions with comfort-centric furniture, including recliners. This symbiotic relationship also opens up new sales channels for recliner chair manufacturers.
Increase in sales via online retail channels
Digital transformation has significantly impacted the consumer landscape, and the recliner chair market is no exception. E-commerce platforms specializing in furniture are playing a vital role in reshaping how consumers discover, evaluate, and purchase recliner chairs. The online medium offers unparalleled convenience, allowing prospective buyers to sift through an extensive range of products, compare features, and read user-generated reviews - all from the comfort of their homes.
Additionally, digital marketing strategies, such as targeted advertising and influencer partnerships, have made consumers more aware of the benefits and range of recliner chairs available. E-commerce also serves as a leveller, offering financing schemes and discounts that make recliners accessible to a broader economic demographic. In this way, online retail channels are not only facilitating consumer choice but also enhancing market reach and sales metrics.
Rising influence of lifestyle and wellness trends
The emphasis on lifestyle and wellness has significantly entered mainstream consciousness, affecting purchasing behaviors across multiple sectors, including the recliner chair market. Wellness-focused consumer trends often advocate for stress management and comfort, leading individuals to invest in products that promise a better quality of life. Recliner chairs are increasingly marketed as not just functional furniture but as essential tools for wellness, with features offering potential health benefits like improved posture, reduced muscle tension, and stress relief. Marketing initiatives often leverage consumer testimonials and endorsements from healthcare professionals to validate these benefits.
Additionally, an array of recliner chairs now come with advanced features like built-in heating pads or massage functions, further associating the product with relaxation and well-being. This alignment of the product with contemporary wellness trends not only enhances its value proposition but also extends its appeal to a demographic that prioritizes health and comfort in their purchasing decisions.
Competitive Landscape
The key players are actively focusing on innovative designs and ergonomics to cater to consumer demands for both aesthetics and comfort. These companies are consistently investing in R&D to explore new materials that are both durable and environmentally friendly. To broaden their consumer base, they are also adopting omnichannel retail strategies that incorporate online platforms as well as traditional brick-and-mortar stores.
Additionally, collaborations with interior designers and architects are ongoing to offer customized solutions for both residential and commercial spaces. They are strategically entering emerging markets by forming partnerships with local vendors. To improve their supply chain, these enterprises are adopting smart technologies for real-time tracking and management. Moreover, they are vigorously promoting their products through various marketing campaigns that emphasize the functional benefits and design attributes of their offerings.
Competition Analysis
- American Leather
- Anji Jinkun Furniture
- Ashley Home Stores, Ltd.
- Ekornes ASA
- Heritage Home Group
- Inter Ikea Systems B.V.
- La-Z-Boy Incorporated
- Macy's
- Man Wah Holdings Limited
- Natuzzi S.p.A
- Steinhoff International Holdings
- William's Sonoma, Inc.
Recliner Chair Industry Segmentation:
Breakup by Product Type:
- Wall Hugging Recliner
- Push Back Recliner
- Massage Recliner
- Riser Recliner
- Others
Breakup by Seating Arrangement:
- Single Seater Recliner
- Multi Seater Recliner
Breakup by Material:
- Leather
- Fabric
- Others
Breakup by Distribution Channel:
- Furniture and Furnishing Stores
- Hypermarkets
- E-Retailers
- Others
Breakup by End-User:
- Residential
- Commercial
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- Turkey
- Saudi Arabia
- Others
For more information about this report visit https://www.researchandmarkets.com/r/6qav55
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