Wilmington, Delaware, United States, Transparency Market Research, Inc., Aug. 05, 2024 (GLOBE NEWSWIRE) -- The global boucle furniture market (부클 가구 시장) outlook suggests that the valuation will reach USD 4.6 billion by 2034 with a moderately paced CAGR of 6.0% during this period. With the effect of various key drivers, the ecosystem creates several investment prospects for key players.
The demand for distinctive furniture textures is increasing among consumers. This growing demand helps leading manufacturers in the industry innovate and use better furniture materials to augment products. Due to this, the boucle will gain more traction, elevating sales.
Luxury hotels and other hospitality firms often use boucle to differentiate their market presence. The growing hospitality industry explains the growth of such key hospitality players, which is attributed to the surge in the demand for boucle textiles and chairs.
The rising consumer awareness of sustainable products drives the demand for boucle. This is due to the sustainable procurement of raw materials required to produce such goods.
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The commercial sector is a key contributor to the development of the sector. The main reason behind this is the extensive use of premium-quality fabrics to elevate aesthetics and comfort for employees and visitors.
With the growing disposable income, consumers are observed to be inclined to choose premium products. This trend is also seen in the boucle furniture market, which elevates the demand for boucle fabrics.
The amalgamation of ergonomic design and boucle furniture is expected to fuel the demand for boucle fabrics. The trend is observed to be influential in the corporate sector.
Key Findings from the Market Report
- The global boucle furniture market can be segmented into many sectors and categories. Based on the product type, chairs form the largest market segment. Due to the growing requirement for chairs in different sectors, the demand for boucle textiles and fabric will spur.
- The rising consumer inclination toward enhancing home décor will surge the demand for sofa and couches, along with beds. This is another niche in the product type segment.
- Based on the design segment, consumers seek different patterns due to the enhanced aesthetics of products. Therefore, this is the highest-grossing segment vertical.
- Based on the end-use, the commercial segment will demand the boucle furniture the highest. Due to changing concepts of interior designs, commercial users, including hotels, cafes, and corporates, will demand boucle furniture more.
Regional Profile
- Due to the emerging sustainability principles and adherence to the circular economy in the region, Europe will likely create prospects for boucle furniture producers. This helps the region contribute satisfactorily to the growth of the industry.
- With the elevated technological infrastructure in countries like Canada and the United States, the scope of innovation increases. This will drive the demand for boucle furniture in North America.
- With the growing population and commercial complexes in Asia-Pacific countries, the demand for boucle furniture will likely elevate, helping the region contribute to market development.
Key Developments in the Boucle Furniture Market
- Medholic has launched a loft collection sofa, claiming to offer supreme consumer comfort through products. The organization also positions the brand via product launches and innovations. This helps the business gain more consumer attention, bolstering the market position.
- Similar to Medholic, Yoyomax produces different boucle products. The organization introduces new products like the Boucle modern accent chair. This product is claimed to integrate premium quality with a better finish.
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Competitive Landscape
Various key players occupy the competitive landscape of the global boucle furniture market. Bella Home Interiors is a key player in the industry, which has been operating in different industry verticals. The organization produces desks, cushions, sofas, and occasional chairs.
- Modholic operates in different segments of the industry. The business is known to manufacture loft sofa collections, Berger sectional sofas, dining chairs, stools, coffee tables, and many other products.
- Yoyomax is another key organization in the competitive landscape, which offers a wide product range. Various convertible cushions are produced by the firm. Along with this, the organization offers breathable fabric for sofas and other home décor applications.
Key Players
- Bella Home Interiors
- LUGSHIREE
- Dewhut
- yoyomax
- SEYNAR
- Nathan James
- Olela
- BYBYME
- MAXYOYO
Market Segmentation
Type
- Table
- Chair
- Lounge Chair
- Dining Chair
- Accent Chair
- Rocking Chair
- Sofa & Couches
- Bed
- Kitchen Stools
- Ottoman
- Others (Bench, etc.)
Design
- Plane
- Pattern
Application
- Indoor
- Outdoor
End Use
- Residential
- Commercial
- Restaurants & Café
- Corporate Offices
- Clubs & Bars
- Others (Airports, Hospitals, etc.)
Distribution Channel
- Online
- E-commerce Websites
- Company Owned Websites
- Offline
- Specialty Stores
- Hypermarket & Supermarket
- Departmental Stores
- Others (Retail Stores, etc.)
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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