Press release
Electric Recliner Market Expected to Reach US$ 8.31 Bn by 2030
Electric Recliner Market
The global electric recliner market is poised for substantial growth, projected to reach a valuation of US$ 8.31 billion by 2030, up from US$ 5.68 billion in 2023, at a CAGR of 5.6% over the forecast period. Unlike traditional recliners that rely on manual release mechanisms, electric recliners utilize motors to adjust and recline, providing enhanced comfort and ease of use. This feature makes them particularly suitable for individuals who struggle with traditional recliners or have difficulty standing from a seated position. The increasing popularity of electric recliners is a testament to their convenience and comfort.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐: https://www.maximizemarketresearch.com/request-sample/72020/
๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
The primary driver for the growth of the electric recliner market is the rising disposable income associated with the increase in dual-income households globally. This rise in disposable income has led consumers to allocate more funds towards home furnishings, with electric recliners becoming a symbol of status and comfort. The preference for automatic over manual products further boosts the market, as consumers opt for more convenient and technologically advanced options.
Additionally, the proliferation of smartphones and the internet has revolutionized shopping habits, allowing consumers to browse and purchase products online. This trend is expected to create significant opportunities for the electric recliner market during the forecast period.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
The increasing penetration of the internet and the growing trend of online shopping present significant opportunities for the electric recliner market. With consumers seeking convenience and a wide variety of choices, online retail channels are expected to drive market growth. Moreover, the rising demand for home entertainment systems, including home theater recliners, is likely to contribute to market expansion.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Improvements in distribution channels have enabled the market to reach a broader customer base. The fastest-growing segment is online retail, driven by the convenience, cost-effectiveness, and time-saving benefits it offers to young millennials. The expansion of online platforms offering a wide range of recliner sofas is expected to drive sales.
Offline retail stores also play a crucial role in the market. These stores, with self-operated outlets, cater to a significant portion of the market. Some vendors offer customized products to meet specific customer preferences, attracting more clients and strengthening their brand image.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ฎ๐ซ๐จ๐ฉ๐
Europe currently holds the largest market share and is expected to maintain this position throughout the forecast period. The region's growth is driven by the high demand for high-end, custom-made, and technologically advanced products in developed countries such as the United Kingdom, France, and Germany. The sales of electrically adjustable recliners in Europe have surged, reaching approximately $1.067 million USD.
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐
Asia Pacific is anticipated to be the fastest-growing region in the electric recliner market. The region's growth is attributed to the rising purchasing power and the increasing number of regional manufacturers. Countries like China and Vietnam are projected to become highly profitable markets for electric recliners in the coming years.
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
North America, particularly the United States, leads the market in terms of the total volume of recliner furniture sold, with a market share of $1.165 million USD. The region's robust market is driven by high consumer demand for advanced home furnishing solutions.
๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ
One of the significant challenges facing the electric recliner market is the safety and regulatory compliance of power tool equipment. Manufacturers must adhere to strict safety standards and address concerns regarding product quality and environmental sustainability. Compliance with evolving safety regulations is crucial for maintaining market credibility and customer trust.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐: https://www.maximizemarketresearch.com/request-sample/72020/
๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฃ๐๐๐ญ๐ข๐ฏ๐๐ฌ
The report aims to provide a comprehensive analysis of the global electric recliner market, covering historical and current industry status, market size forecasts, and emerging trends. It includes a detailed study of key players, competitive benchmarking, technology trends, and the impact of micro-economic factors on the market. The report also examines external and internal factors affecting the market, offering valuable insights for decision-makers.
๐๐จ๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง
The global electric recliner market is set for significant growth, driven by rising disposable incomes, consumer preferences for automated home furnishings, and the expansion of online retail channels. Europe and Asia Pacific are expected to be key regions driving market growth, while North America continues to lead in terms of market volume. Despite challenges related to safety regulations, the market presents lucrative opportunities for manufacturers and retailers, especially in the context of increasing demand for home entertainment and customized solutions.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐๐ฅ๐ข๐ง๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐: ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ
โข ๐๐๐ฌ๐ ๐๐๐๐ซ: 2023
๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐ซ๐ข๐จ๐: 2024-2030
๐๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐๐๐ฅ ๐๐๐ญ๐: 2018 ๐ญ๐จ 2023
๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐ ๐ข๐ง 2023: ๐๐ $5.68 ๐๐ง.
๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐ซ๐ข๐จ๐ 2024 ๐ญ๐จ 2030 ๐๐๐๐: 5.6%
๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐ ๐ข๐ง 2030: ๐๐ $8.31 ๐๐ง.
โข ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐:
o Product Type: Home Theater Recliners, Multiplex Recliners, Living Room Recliners, Sofa Lounger Recliners, Massage Recliners
o Design: Casual, Traditional, Contemporary
o Distribution Channel: Specialty Stores, Supermarkets & Hypermarkets, Branded Stores, Online Channels, Others
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โข North America: United States, Canada, Mexico
โข Europe: UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia, Rest of Europe
โข Asia Pacific: China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC
โข Middle East and Africa: South Africa, GCC, Egypt, Nigeria, Rest of ME&A
โข South America: Brazil, Argentina, Columbia, Rest of South America
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
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
๐๐จ ๐๐๐ญ ๐๐จ๐ซ๐: https://www.maximizemarketresearch.com/market-report/global-electric-recliner-market/72020/
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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