Usually, the sofa is used for seating for two or more people and consists of armrests which is entirely or partially upholstered and often fixed with springs and customized cushions. A leather sofa is a set of furniture in which leather material is used as cover. A leather sofa is made by using animal skins of cowhide, pigskin, sheepskin, and other animal skin, after a certain process made on it.
Rapid urbanization, improved standard of living, and increased spending capabilities of the population are resulting in high demand for these sofas which is likely to support growth of the leather sofa market. In addition, the availability of leather sofa in multiple colors, sizes, prices, and materials, along with customization services offered by the manufacturers are some major aspects influencing the market positively. Moreover, a growing population across the globe, rapid urbanization, industrialization, and inclination towards modern lifestyle are some additional aspects creating demand for leather sofas. In addition, growing remodeling activities among commercial spaces and households in order to add aesthetic look is generating demand for these sofas.
The type of leather sofa includes a half leather sofa, artificial leather sofa, and a whole leather sofa. The artificial leather sofa gives rich looks like a real leather material and is available at relatively low cost as compared to real leather sofa. Usually, artificial leather is also called as faux leather and made up of using PU or sometimes PVC material. These factors will upsurge the demand for artificial sofa among various end users.
However, fragmentation of the market and escalating prices of raw materials required for manufacturing may hamper growth of the target market. The recent trend observed in the global market is the technological advancement in e-commerce and telecommunication sector across the globe along with after sale services and discounted prices offered by the retailers are some factors supporting growth of the global market.
The application of leather sofa includes household, office, and public place. Increasing inclination towards modernization, and changing interior appearance of households and other commercial places including restaurants, hotels, office spaces, public spaces is resulting in high demand for leather sofas. Moreover, the growing number of new startup companies, inclination towards customization of public spaces such as malls, institutions, and theaters by offering comfortable seating, giving a new way for growth of the target market.
$20,321.1 Mn
10.4%
- By Type
- By Region
- By Application
$XXXX Mn
leather sofas market in the Asia Pacific accounted for the highest revenue share in the global market. This is attributed to increasing spending power and increasing inclination towards luxurious lifestyle. Moreover, strong retail networks and an increasing number of manufacturers in the region are likely to generate opportunities for the target market during the forecast period.
Key players operating in the global market are B&B Italia, IKEA, Drexel Heritage, La-Z-Boy, Broyhill, Ashley Furniture, Rowe Furniture, KUKA, LandBond, Cheer Sofa, Steel-Land, Jisi Group, American Leather, Norwalk Furniture, Thomasville Furniture Industries, Zuoyou Sofa, and Quanyou.
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