Leather Chair Market Size, Share, Growth and Industry Analysis By Type (Fixed Type, Adjustable Type, And, Swivel Chairs), By Application (Office, Conference Room, And, Others), Regional Forecast To 2031

Updated On: 15 April 2024

Leather Chair Market REPORT OVERVIEW

• 

• Request a Free Sample to learn more about this report

The global Leather chair Market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.

Chairs that are made up of leather are called leather chairs. There are different types, and quality of leathers that are used for manufacturing chairs. Leather adds a smooth texture to the seating of the chair.

Home décor and interior designing is gaining popularity day by day. Leather chairs are an important component of home décor.  They add style and comfort to any infrastructure. This is considered as the latest trend in the market.

Rising prevalence of online shopping and online platforms have provided lucrative growth opportunities for the market. Usage of social media has helped in increasing the promotion of these products. All of these factors have played an important role in increasing the leather chair market growth.

COVID-19 impact: Unavailability of Leather for Manufacturing of Chairs Decreased Market Growth

The pandemic of COVID-19 completely changed the way in which all the markets functioned. All the sectors had to put up with many difficulties while continuing their operations. Even the most basic activity in an industry was obstructed due to the pandemic of COVID-19.

Procuring raw materials was a very challenging task during this time. There were many strict rules that were imposed in order to control the spreading of coronavirus. Travel bans, social distancing, and lockdowns created unfavorable conditions in the market. Leather chair market is completely dependent on the leather industry for its primary raw material. Unavailability of leather in adequate quantities led to the downfall of the market.

LATEST TRENDS

"Increasing Popularity of Leather Chairs in Home Décor to Increase Market Growth"

With evolution of construction and increasing investments on infrastructures, home décor has become a very popular concept. Many people are inclined towards getting an attractive home décor and interior designing. Leather chairs have become an important part of the modern interior designing.

Apart from leather chairs, other leather items like leather cushions, blankets, pillows, sofas, bean bags, stools and even recliners have become very  popular. These chairs not only serve the purpose of fashion but they are also very comfortable. Therefore they are being adopted by many people as an integral part of home décor. This is considered as the latest trend in the market.

Leather Chair Market SEGMENTATION

• 

• Request a Free Sample to learn more about this report

• By Type:

The market can be divided on the basis of type into the following segments:

Fixed type, adjustable type, and, swivel chairs. The fixed type segment is projected to hold the dominant market share through 2031 the forecasting period.

• By Application:

The market can be divided on the basis of application into the following segments:

Office, conference room, and, others.  The office segment is predicted to dominate the market through 2031.

DRIVING FACTORS

"Growing Penetration of E-commerce Platforms to Amplify Market Growth"

Usage and growth of online shopping sites, and e-commerce platforms have increased especially after COVID-19. These platforms increase the ease of shopping, and ensure customer retention. Growing penetration of such platforms is having a positive impact on the market. According certain studies, the online sales of most of the leading companies were greater than their offline sales.

Emergence of e-commerce platforms have increased the sales of leather chairs. Leather furniture are considered as a symbol of luxury. Increasing disposable income of people and changing lifestyle has accelerated the demand and sales for leather chairs. These factors are amplifying the market share.  

"Accelerating Growth of Real Estate Sector to Drive Market Growth"

Real estate is growing at a very rapid pace. This has fueled the construction market. There are different types and qualities of leather available. Usage of high-quality leather, in the manufacturing of leather chairs and other leather furniture will drive the market growth.

Many key industry players are using social media as a tool of marketing. Social media is a very effective marketing tool as it can reach a large number of target audience within a short span of time. Another trend that is noticeable in the market is development of multifunctional furniture. Multifunctional furniture serves many purposes and can be used for different needs. Launch of several innovative products in the market is propelling the share of the market.

RESTRAINING FACTOR

"High Prices of Raw Materials to Deteriorate Market Growth"

Leather is a very costly material and a lot of investment has to be done in order to procure leather. The prices of the other raw materials required for manufacturing chairs such as wood, and metals keep on fluctuating. This can have a negative impact on market growth and development.

Leather is usually obtained from animals. Increasing demand for leather products promote animal cruelty. In order to decrease such animal cruelty government is taking precautionary measure. Restrictions are being imposed on killing animals for hide, and their skin. All of these factors are deteriorating leather chair market share.

Leather Chair Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"North America to Dominate Market in Upcoming Years "

The region that is predicted to take up the largest share in the market is North America. The main reason that has led to the growth of this market in this region can be attributed to the growing levels of disposable income of people in this region. With an improvement in the lifestyle of people, demand for luxury furniture like leather chairs have increased.

There are several e-commerce platforms like amazon, eBay, Walmart, Target, and Etsy in North America. Many more platforms are evolving due to the technological advancements that are being witnessed in the IT sector. Increasing online shopping of furniture has further propelled the market growth. Leather chairs are very in high demand in the residential and commercial sector. All of these factors have increased the market growth in North America.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profile

• Steelcase (U.S.)
• Herman Miller (U.S.)
• Haworth (U.S.)
• HNI Group (U.S.)
• Okamura Corporation (Japan)
• Kimball Office (U.S.)
• AURORA (U.S.)
• TopStar (China)
• Bristol (U.S.)
• True Innovations (U.S.)
• Nowy Style (Poland)
• SUNON GROUP (China)
• Knoll (U.S.)
• UE Furniture (China)
• Quama Group (China)
• UB Office Systems (U.S.)

Report Coverage

The report provides an insight into industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. The report also lists the key industry players to understand the competition.