(EMAILWIRE.COM, July 20, 2024 ) Europe Currently holds largest Electric Recliner Market share, dominated by high-end, custom-made, and technologically advanced products. The domination of high-end, custom-made, and technologically advanced products are preferred in the region. UK, France, and Germany are major Electric Recliner Market in Europe. Europe has seen $1.067 million worth electric recliner sales. Asia-Pacific is expected to be the fastest-growing market. China and Vietnam are anticipated to be highly profitable markets in the region. North-America leads in total volume of recliners sold, with a market share of $1.165 million, with US being a significant contributor to this market.
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Key contributing factor of Electric Recliner Market is rise in disposal income due to increase in dual-income households globally. Consumers are increasingly spending a portion of their household income on home improvement like home furnishing including recliners are becoming status symbols. Also, consumers prefer automatic products over the manual ones and due to this, increased preference for electric recliners over manual alternatives is expected to boost market growth.
Electric Recliner Market Segmentation
by Product Type
Home Theater Recliners
Multiplex Recliners
Living Room Recliners
Sofa Lounger Recliners
Massage Recliners
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by Design
Causal
Traditional
Contemporary
by Distribution Channel
Specialty Stores
Supermarkets & Hypermarkets
Branded Stores
Online Channels
Other
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Electric Recliner Market Key Players:
AM Furniture
American Leather
Ashley Furniture Industries
Ekornes ASA
Haverty Furniture Companies
Kieraya Furnishing Solutions Pvt. Ltd.
Maximize Market Research is leading Electronics research firm, has also published the following reports:
Recliner Sofa Market was valued at USD 4.45 Bn. in 2023 and is expected to reach USD 6.18 Bn. by 2030, at a CAGR of 4.8%.
Recliner Sofa Market was valued at USD 4.45 Bn. in 2023 and is expected to reach USD 6.18 Bn. by 2030, at a CAGR of 4.8%.
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