The sofa is an important piece of furniture in which a consumer can unwind. Leather sofas are made from either genuine or synthetic leather. Leather sofas are more durable than cotton sofas, and they can endure a long time. A good leather sofa will keep its shape and beauty for a long time. The leather is easily cleaned with a quick wipe and a little dusting. The demand for leather sofas is increasing as households expand, disposable income rises, and customers become more urbanized. Leather has a lustrous texture and a pleasing appearance. Leather sofas are preferred by customers to meet their esteem requirements.
MARKET DYNAMICS
The increase in the consumer preference towards home decoration is driving the growth of the leather sofa market. Furthermore, the increasing level of disposable income of people and continuous changing lifestyle, is anticipated to create market opportunities for the leather sofa market during the forecast period. However, high price of leather sofa may restrain the growth of the leather sofa market.
MARKET SCOPE
The "Leather Sofa Market "is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the leather sofa market with detailed market segmentation by type and by application. The leather sofa market is expected to witness high growth during the forecast period. The report key trends and opportunities in the market.
MARKET SEGMENTATION
The leather sofa market is segmented into type and application. By type, the leather sofa market is classified into artificial leather and real leather. By application, the leather sofa market is classified into residential and commercial.
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 leather sofa market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The leather sofa 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 leather sofa market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 leather sofa market in these regions.
MARKET PLAYERS
The report covers vital developments in the leather sofa 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 partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the leather sofa market are anticipated to witness lucrative growth opportunities in the future with the rising demand for table stand in the global market. Below mentioned is the list of few companies engaged in the leather sofa market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the leather sofa market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- IKEA
- Ashley Furniture Industries Inc
- B & B Italia S.p.A
- Jason Furniture (HangZhou) Co., Ltd.
- Heritage Home Furnishings
- Homelegance
- American Signature, Inc
- Divano Furniture, Co.
- ? E-Furniture
- CasaStyle