Millennials are currently the most popular generation and prefer large living spaces consuming necessary, decorative, and innovative furniture such as bean bags. A Bean bag is a large fabric bag or sealed bag which includes dried beans, PVC pellets and is made up of expanded polystyrene, or expanded polypropylene. The bean bag can be customized and can provide innovative design and style.
MARKET DYNAMICS
The increase in demand for luxury home furniture is one of the major factors that is driving the growth of the bean bag market. The rise in the millennial population is driving the demand for bean bags as the millennials use the bean bags for various applications such as gaming, watching television, and relaxing on them most of the time. The bags are mostly used in the European countries as it fits the lifestyle of the consumers in that region.
MARKET SCOPE
The "Global Bean Bags Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the bean bags market with detailed market segmentation by material, type, distribution channel and geography. The global bean bags market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bean bags market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Bean Bags Market is segmented based on type, material, and distribution channel. Based on type, the market is segmented into indoor bean bag and outdoor bean bag. Based on material, the market is segmented into velvet, leather, cotton, and others. Based on distribution channel, the market is segmented into supermarket and hypermarket, specialty store, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global bean bags market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bean bags market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the bean bags market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bean bags market in these regions.
MARKET PLAYERS
The report covers key developments in the bean bags market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from bean bags market are anticipated to witness lucrative growth opportunities in the future with the rising demand for bean bags in the global market. Below mentioned is the list of few companies engaged in the bean bags market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bean bags market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- American Furniture Alliance, Inc.
- Comfy Sacks
- CordaRoy's Convertible Bean Bags
- Fatboy the original B.V.
- Lovesac
- Lumaland Inc.
- Ryohin Keikaku Co., Ltd
- SUMO LOUNGE INTERNATIONAL
- Ultimate Sack, LLC
- Yogibo
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.