Global Bean Bag Chair Market

Bean Bag Chair Market Size, Share, Growth Analysis, By Product Type(Indoor, Outdoor), By Distribution Channel(Online, Offline) - Industry Forecast 2024-2031


Report ID: SQSG25F2004 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 61 | Figures: 75

Bean Bag Chair Market Regional Insights

In 2021, Europe accounted for the largest market share. This region has a significant revenue share due to the rising demand for branded, premium-quality furniture products and consumers' shifting preferences toward modern, opulent products. Furthermore, it is anticipated that the presence of well-known businesses in the area will accelerate market expansion over the coming years.

During the forecast period, which runs from 2022 to 2028, the Asia Pacific market is anticipated to develop at the highest CAGR. In developing nations like China, Indonesia, and India, major players are extending their product lines. In the next years, it is expected that the number of middle-class consumers would increase along with product penetration in both urban and rural areas. The demand for home décor products is also anticipated to expand, along with the number of distribution channels, in the upcoming years.

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Bean Bag Chair Market size was valued at USD 2.9 billion in 2019 and is poised to grow from USD 3.01 billion in 2023 to USD 3.77 billion by 2031, growing at a CAGR of 3.7% in the forecast period (2024-2031).

The bean bag chair market is highly competitive due to the presence of top players operating in the market. The increasing popularity of luxury and modern furniture is the main factor driving demand for bean bag chairs over the forecast period. The market is identified by several strategic activities such as expansions, mergers and acquisitions, and product and technological innovations, attempted by key manufacturers in the industry. 'Lovesac', 'Sumo Lounge', 'Bean Bag Boss', 'Ultimate Sack', 'Fatboy', 'CordaRoy's', 'Comfy Sacks', 'Yogibo', 'Big Joe', 'Jaxx Bean Bags', 'Relax Sacks', 'Cozy Sack', 'Lumaland', 'American Furniture Alliance', 'Chill Sack', 'Great Deal Furniture', 'Modern Bean Bag', 'Gold Medal Bean Bags', 'Big Bertha Original', 'Sofa Sack'

Bean bags have a variety of uses, including in residential areas, commercial buildings, and workplaces. The number of residential buildings being built, the growth of the real estate sector, and the rise in cafés and lounges, among other businesses, are all expected to increase demand for bean bags.

The demand for the product is anticipated to increase in the coming years due to the growing use of bean bag chairs to furnish living rooms, bedrooms, and dorm rooms. Additionally, we can observe the growing popularity of bean bag seats in swimming pools on both public and private premises worldwide. It can also be used as a radiant heating pad, producing a warm temperature when filled with natural materials like corn, oats, barley, wheat, rice, flax seeds, and cherry pits. Throughout the forecast period, this is also anticipated to fuel the market for bean bag chairs.

In 2021, Europe accounted for the largest market share. This region has a significant revenue share due to the rising demand for branded, premium-quality furniture products and consumers' shifting preferences toward modern, opulent products. Furthermore, it is anticipated that the presence of well-known businesses in the area will accelerate market expansion over the coming years.

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Global Bean Bag Chair Market

Product ID: SQSG25F2004

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