Home Press Releases Electric Recliner Market at a CAGR of 5.6 percent during a forecast period, as per Maximize Market Research.

Electric Recliner Market at a CAGR of 5.6 percent during a forecast period, as per Maximize Market Research.

by Press Room


(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%.

About Maximize Market Research

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.



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