Synthetic and artificial furniture, such as chairs, sofas, bean bags, recliners, tables, pouffes, and stools, are referred to as leather furniture. Due to rising consumer preference for properly furnished homes with decor, they are in high demand. They are regarded as fine furniture. A piece of luxury furniture is composed of movable components that showcase the very best in exceptional craftsmanship and style from a particular era.
The market for leather furniture is likely to be driven by consumers’ growing preference for home décor. Increasing disposable income and ongoing lifestyle changes are two factors propelling the leather furniture market. The market growth rate will be accelerated by additional important factors like the increased public awareness of e-commerce platforms and global urbanisation. Additionally, a rise in the robust demand across a range of end-use sectors, including residential and commercial, will favourably affect the market’s growth rate. The real estate sector’s expansion will also further slow the market’s rate of expansion. Additionally, the impact of social media and the increasing use of new materials and technologies across industries will
Additionally, the development of multifunctional furniture and an increase in online retailing will generate abundant market expansion opportunities between 2022 and 2029. The introduction of fresh, cutting-edge products and the emergence of brand-new markets will also accelerate market growth in the future.
However, the rate of market expansion will be slowed down by fluctuating raw material prices. Additionally, COVID-19’s detrimental effects on the supply chain will impede market expansion. The lack of skilled labour and the high cost of leather furniture will present additional challenges to the market during the aforementioned forecast period.
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Global Leather Sofa Market: Major Players
Cheer Sofa
IKEA
Zuoyou Sofa
Steel-Land
Rowe Furniture
La-Z-Boy
LandBond
Drexel Heritage
Ashley Furniture
Thomasville Furniture Industries
Norwalk Furniture
Quanyou
Jisi Group
KUKA
Broyhill
B&B Italia
American Leather
Global Leather Sofa Market: By Types
Whole leather sofa
Half leather sofa
Artificial leather sofa
Global Leather Sofa Market: By Applications
Public Place
Office
Household
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Global Leather Sofa Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Leather Sofa market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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