Pune, Maharashtra -- (SBWIRE) -- 09/08/2023 -- According to HTF Market Intelligence, the Global Armchair market to witness a CAGR of 7% during forecast period of 2023-2028. The market is segmented by Global Armchair Market Breakdown by Material (Wooden, Leather, Metal, Others) by Sales Channel (Multi-Brand Stores, Specialty Stores, Wholesalers/Distributors, Online retailers, Others) by Price Range (Economy, Luxury, Premium) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Armchair market size is estimated to increase by USD 0.54 Billion at a CAGR of 7% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 9.8 Billion.

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HTF Market Intelligence published a new research publication on Armchair Market Insights, to 2028" with 150+pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Armchair market was mainly driven by the increasing R&D spending across the world, however latest scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are IKEA (Netherlands), La-Z-Boy (United States), Herman Miller (United States), Ashley Furniture Industries (United States), Ekornes ASA (Norway), Natuzzi (Italy), Restoration Hardware (United States), Knoll (United States), Poltrona Frau Group (Italy), FLEXFORM (Italy)

Definition:
The armchair market refers to the global industry that manufactures and sells a wide range of seating furniture designed for single-person use, characterized by the presence of armrests. These armchairs can vary in style, materials, and functionalities, catering to both residential and commercial consumers.

Market Trends:
Customization: Increasing demand for customizable armchairs, allowing customers to choose materials, colors, and designs that match their preferences.

Market Drivers:
Rising Disposable Income: An increase in disposable income in many regions, leading to higher consumer spending on home furnishings.

Market Opportunities:
Emerging Markets: Untapped markets in developing countries with a rising middle class and a growing interest in interior decor.

Market Restraints:
Emerging Markets: Untapped markets in developing countries with a rising middle class and a growing interest in interior decor.

Market Challenges:
Emerging Markets: Untapped markets in developing countries with a rising middle class and a growing interest in interior decor.

The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Armchair Market: Wooden, Leather, Metal, Others

Key Applications/end-users of Armchair Market: Economy, Luxury, Premium

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With this report you will learn:
- Who the leading players are in Armchair Market?
- What you should look for in a Armchair
- What trends are driving the Market
- About the changing market behaviour over time with strategic view point to examine competition
Also included in the study are profiles of 15 Armchair vendors, pricing charts, financial outlook, swot analysis, products specification &comparisons matrix with recommended steps for evaluating and determining latest product/service offering.

Who should get most benefit of this report?
- Anyone who are directly or indirectly involved in value chain cycle of this industry and needs to be up to speed on the key players and major trends in the market for Armchair
- Marketers and agencies doing their due diligence in selecting a Armchair for large and enterprise level organizations
- Analysts and vendors looking for current intelligence about this dynamic marketplace.
- Competition who would like to benchmark and correlate themselves with market position and standings in current scenario.

List of players profiled in this report: IKEA (Netherlands), La-Z-Boy (United States), Herman Miller (United States), Ashley Furniture Industries (United States), Ekornes ASA (Norway), Natuzzi (Italy), Restoration Hardware (United States), Knoll (United States), Poltrona Frau Group (Italy), FLEXFORM (Italy)

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Quick Snapshot and Extracts from TOC of Latest Edition
Overview of Armchair Market
Armchair Size (Sales Volume) Comparison by Type (Wooden, Leather, Metal, Others)
Armchair Size (Consumption) and Market Share Comparison by Application (Economy, Luxury, Premium) (2022-2028)
Armchair Size (Value) Comparison by Region (2023-2028)
Armchair Sales, Revenue and Growth Rate (2023-2028)
Armchair Competitive Situation and Current Scenario Analysis
Strategic proposal for estimating sizing of core business segments
Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type (Wooden, Leather, Metal, Others)
Analyse competitors, including all important parameters of Armchair
Armchair Manufacturing Cost Analysis
Latest innovative headway and supply chain pattern mapping of leading and merging industry players

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Actual Numbers & In-Depth Analysis of Global Armchair Market Size Estimation and Trends Available in Full Version of the Report.

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