Global Casual Sofa Market was valued at USD 1.0 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030.
The casual sofa market has seen a surge in demand over recent years, with consumers seeking comfort, style, and affordability in their living room furniture. This growing trend can be attributed to a variety of factors, including changes in lifestyle, design trends, and an increasing emphasis on home comfort. As more people embrace the concept of working from home and spending extended hours indoors, the need for versatile and cozy furniture options has never been higher. In fact, the global casual sofa market size was valued at USD 24.8 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. This robust growth highlights the increasing importance of casual sofas in both urban and suburban homes.
One of the primary drivers of this market’s growth is the shift toward multifunctional furniture. Consumers are now looking for sofas that serve more than just a seating function. Sofas with storage, reclining features, and adjustable sections are becoming increasingly popular. These innovations not only enhance comfort but also provide practical solutions for small living spaces. As people increasingly seek sofas that fit into their daily lives seamlessly, manufacturers have responded with designs that combine aesthetics and functionality. Additionally, the rise of online shopping and home delivery services has made it easier for customers to access a wide variety of casual sofas from the comfort of their homes.
When it comes to materials, fabric casual sofas continue to dominate the market due to their affordability and versatility. However, there is a growing trend toward eco-friendly materials, with many consumers becoming more conscious of the environmental impact of their purchases. Sustainable materials like recycled polyester and organic cotton are gaining traction. Moreover, customization options have become a crucial selling point, with customers able to choose colors, fabrics, and configurations that match their personal preferences.
As competition in the casual sofa market intensifies, brands are focusing on providing superior customer service, easy returns, and extended warranties. These factors are becoming key differentiators for manufacturers looking to stand out in a crowded marketplace. The increasing influence of social media and online reviews has also made it essential for brands to maintain a positive reputation in the eyes of consumers.
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QUANU
KUKA
IKEA
MUJI
LINSY
CHEERS
Ashley
Royal
Landbond
Natuzzi
Ligne Roset
Minotti
JISI
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Casual Sofa Market
Online Sales
Offline Sales
Based on Types the Market is categorized into Below types that held the largest Casual Sofa market share In 2023.
Electric
Manual
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Casual Sofa Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Casual Sofa Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Casual Sofa Market, By Type
6. Global Casual Sofa Market, By Application
7. Global Casual Sofa Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Casual Sofa Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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