Global Electric Recliner Market is anticipated to reach USD 7.88 Bn by 2029 from USD 5.38 Bn in 2022 at a CAGR of 5.6 % during a forecast period.
Electric Recliner Market Overview:
For the global industry’s Electric Recliner market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to enhance the existing data, segment the market, estimate overall market size, and predict the market size, and growth rate.
The worldwide Electric Recliner market’s growth reasons, as well as the market’s many users, are discussed. Data is provided by market participants, regions, and specific requirements. This market-ready study proposal includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis should be presented in the form of statistics, infographics, and presentations.
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Market Scope:
Our team collects market information and data from a number of sources in order to provide a more realistic regional perspective. The study’s country-level analysis is based on a review of several regional stakeholders, regional tax laws and policies, consumer behaviour, and macroeconomic statistics.
The Electric Recliner market’s competitive landscape provides information from a rival. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The data points displayed above are exclusively related to the businesses’ focus on the Electric Recliner industry.
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Dynamics:
An electric recliner uses a motor, or a chain of motors, to recline and adjust the direction of the recliner into a comfortable position, whereas a standard recliner uses a manual release control and the motion and weight of the user’s body to adjust the direction of the recliner. Electric recliners are designed especially for people who have trouble opening and closing standard recliners or rising up from a seated posture. Electric recliners have grown in popularity in recent years.
Segmentation:
by Distribution Channel
Specialty Stores
Supermarkets & Hypermarkets
Branded Stores
Online Channels
Other
By Channel of Distribution, Because of advancements in distribution systems, the sector has been able to reach a bigger customer base. Online retail firms are the fastest growing segment due to the increased adoption of Internet services, time-saving, and cost-effective purchasing products among young millennials. Over the anticipated year, sales will be driven by an increasing number of online retailers offering a diverse selection of recliner couches.
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Key Players: The key players are
1. AM Furniture
2. American Leather
3. Ashley Furniture Industries
4. Ekornes ASA
5. Haverty Furniture Companies
6. Kieraya Furnishing Solutions Pvt. Ltd.
7. La-Z-Boy
8. Nilkamal
9. Palliser Furniture
10. Steinhoff International
Regional Analysis:
A country-level study of the Electric Recliner Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Electric Recliner Market study.
COVID-19 Impact Analysis on Electric Recliner Market: The report covers COVID-19 impact on Electric Recliner market.
Key Questions Answered in the Electric Recliner Market Report are:
- What will be the CAGR of the Electric Recliner market during the forecast period?
- Which segment emerged as the leading segment in the Electric Recliner market?
- Which are the prominent players in the Electric Recliner market?
- What will be the Electric Recliner market size by 2027?
- Which company held the largest share in the Electric Recliner market?
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