1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
FEATURED COMPANIES
- AFA Inc
- Comfort Research LLC
- GDF Studio
- LUVU BRANDS
- Yogibo LLC
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
The product portfolio extension leading to product premiumization is one of the critical reasons that will drive the indoor and outdoor bean bags market. Vendors are focusing on gaining a strong foothold in the market and increase their customer base by introducing a wide variety of bean bags in terms of colors and new designs. They are launching stylish furniture and furnishing products as well. Based on the customer requirement, they are offering bean bags for various purposes such as bean bags for gamers. The growing focus on pricing strategies and cost optimization will further drive the indoor and outdoor bean bags market to grow at a CAGR of almost 5% during the forecast period. The analysts have predicted that the indoor and outdoor bean bags market will register a CAGR of nearly 5% by 2023.
Market Overview
Growing construction industry globally
One of the growth drivers of the global indoor and outdoor bean bags market is the growing construction industry globally. The increase in the construction of new housing units will simultaneously drive the demand for furniture and furnishing products such as bean bags during the forecast period.
Volatility of raw material prices
One of the challenges in the growth of the global indoor and outdoor bean bags market is the volatility of raw material prices. The rising prices of superior-quality raw materials such as cotton and leather have resulted in high manufacturing costs, which will hinder the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the indoor and outdoor bean bags market during 2019-2023, view this report.
Competitive Landscape
The market appears to be highly fragmented with the presence of several market players. Vendors of bean bags in the market are increasingly focusing on promoting and advertising their products on social media platforms to increase the visibility of their products among target customers. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Market Overview
Growing construction industry globally
One of the growth drivers of the global indoor and outdoor bean bags market is the growing construction industry globally. The increase in the construction of new housing units will simultaneously drive the demand for furniture and furnishing products such as bean bags during the forecast period.
Volatility of raw material prices
One of the challenges in the growth of the global indoor and outdoor bean bags market is the volatility of raw material prices. The rising prices of superior-quality raw materials such as cotton and leather have resulted in high manufacturing costs, which will hinder the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the indoor and outdoor bean bags market during 2019-2023, view this report.
Competitive Landscape
The market appears to be highly fragmented with the presence of several market players. Vendors of bean bags in the market are increasingly focusing on promoting and advertising their products on social media platforms to increase the visibility of their products among target customers. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- AFA Inc
- Comfort Research LLC
- GDF Studio
- LUVU BRANDS
- Yogibo LLC
PART 01: EXECUTIVE SUMMARYPART 08: CUSTOMER LANDSCAPEPART 11: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 07: MARKET SEGMENTATION BY END-USER
PART 09: MARKET SEGMENTATION BY PRICE
PART 10: GEOGRAPHIC LANDSCAPE
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
PART 16: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- AFA Inc
- Comfort Research LLC
- GDF Studio
- LUVU BRANDS
- Yogibo LLC
Global Indoor and Outdoor Bean Bags Market 2019-2023
The analyst recognizes the following companies as the key players in the global indoor and outdoor bean bags market: AFA Inc, Comfort Research LLC, GDF Studio, LUVU BRANDS, and Yogibo LLC.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the distribution channel expansion strategy by vendors.”
According to the report, one of the major drivers for this market is the product portfolio extension leading to product premiumization.
Further, the report states that one of the major factors hindering the growth of this market is the rise in popularity of low-priced substitute products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The analyst recognizes the following companies as the key players in the global indoor and outdoor bean bags market: AFA Inc, Comfort Research LLC, GDF Studio, LUVU BRANDS, and Yogibo LLC.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the distribution channel expansion strategy by vendors.”
According to the report, one of the major drivers for this market is the product portfolio extension leading to product premiumization.
Further, the report states that one of the major factors hindering the growth of this market is the rise in popularity of low-priced substitute products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- AFA Inc
- Comfort Research LLC
- GDF Studio
- LUVU BRANDS
- Yogibo LLC
Note: Product cover images may vary from those shown
