Bean Bag Chairs Market Share, Demand, Top Players, Industry Size, Future Growth By 2030
The global bean bag chair market size is anticipated to showcase substantial growth in the forthcoming years due to rising medical utilization of the product. This information is published by Fortune Business Insights in its report, titled “Bean Bag Chairs Market, 2023-2030“. The product is highly popular as a seating option in bars, pubs, cafes, and others. Moreover, the chair is utilized for its highly customizable design especially by psychiatrists to calm down patients. It is also useful to pregnant women as a comfortable sitting option especially with belly support, sleep assistance, pain- relief, and others.
What Does the Report Contain?
The report has details on all the latest technology available in the market. The technological advances made in the industry has been highlighted and the potential opportunities associated with that. The report establishes the challenges of the market and advices various solution to them. It also mentions the growth stimulating factors, the restraints, consumption pattern, distribution channels, and all other vital information associated with the market.
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On the basis of product type, the market is segmented into indoor and outdoor. Based on the application, the market is divided into residential and commercial. By size, the market is fragmented into small, medium, and large. Based on geography, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Increasing Utilization of Product for Health Issues to Surge Demand
The increasing utilization of bean bags for health issues is boosting the bean bag chair market growth. The product is utilized for easing muscle, back, and joint pain which is one of the common ailments individuals suffer from. For example, in 2019, the World Health Organization released data stating that 20-30% e individuals around the world suffer from painful musculoskeletal conditions. In addition to this, the product is also used by psychiatrists to calm down patients while taking sessions.
Furthermore, the rising utilization of the product in places such as clubs, bars, pubs, cafes, and others is promoting the growth of the product. This has also led to the increasing use of product among the millennials.
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High Rental Costs of Housing in Europe to Favor Product Sales
Europe is anticipated to hold a prominent bean bag share market share in the foreseeable future. This is due to the high cost of renting furniture in the region. For example, as mentioned in the International Service for Remunerations and Pensions ‘2019 Current Market Rent’, Austria Vienna is anticipated to you have the rent of 1 bedroom at USD 1142.53 in the forthcoming years. Moreover, the portability of the product as well as its lightweight nature is up surging its demand.
Asia Pacific is projected to showcase substantial development in the market in the forthcoming years. This is due to the rising expenditure on comfortable furniture in the region along with the growth of domestic brands.
Market Leaders Introduce Product Variants to Intensify Market Competition
The market players are introducing product variants for the need of selected target groups. Moreover, they are innovating in color combination, the material of the cover, the material of the filling, and others. Prominent players are also working closely with Healthcare professionals to introduce products that will help people suffering from acute pain, pregnant women, and patients with orthopedic issues. They are also trying to bring down the production cost so as to facilitate competitive prices in the market and expand their consumer base.
List of Key Players Profiled in the Market:
- Lumaland Inc.
- Comfy Sacks
- Sumo Lounge International
- Luvu Brands
- AFA Inc
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