Chair Market Size to grow by USD 18305.1 million between 2024-2028
The Chair Market is segmented by Distribution Channel (Offline and Online), Type (Regular use chairs, Office chairs, Massage chairs, Gaming chairs, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 18305.1 million, at a CAGR of 7.44% during the forecast period. There are several companies that are contributing to the market as per this report. Growing prominence for online shopping .
By Distribution Channel, the Offline segment is projected to dominate the market size in 2024
The global chair market primarily relies on traditional offline distribution channels for sales, which encompass various retail formats including specialty stores, dealers, hypermarkets, supermarkets, brand-owned retail outlets, and department stores. In the fiscal year 2019-2020, offline channels accounted for approximately 88.65% of the market revenue. Notably, specialty retail formats significantly contributed to this figure. However, there has been a discernible decline in sales through offline channels due to the increasing trend of online shopping. To counteract this trend, vendors are strategically collaborating with local retailers to boost sales through offline channels.
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By Type, Regular use chairs segment is expected to hold the largest market size for the year 2024
In the realm of residential furniture, chairs hold a significant position, particularly in spaces such as bedrooms, living rooms, and dining areas. These spaces call for chairs that not only serve functional purposes but also contribute to the overall aesthetic appeal. In the bedroom, chairs serve various roles, from adding a visually appealing touch at the end of the bed to providing a comfortable seating area for dressing. Functional chairs, like recliners, offer relaxation and comfort. Living room chairs are designed with ergonomics in mind, enabling users to relax by leaning back once seated. The versatility and functionality of chairs make them an essential investment for home decor.
Why is APAC forecasted to hold the largest regional market size in 2024?
The Asia Pacific region is experiencing significant growth in the chair market, with key contributors being China, Japan, India, and Taiwan. This region is projected to exhibit the fastest growth rate due to factors such as high vendor support, access to relatively inexpensive labor, and cost-effective manufacturing locations. Moreover, the popularity of massage chairs in countries like Japan and China is expected to boost market expansion. Promotional efforts to raise awareness about health and wellness products, including massage chairs, are driving foot traffic to retail stores. However, the high cost of massage chairs remains a barrier to entry for potential buyers in this region.
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Research Analysis Overview
The chair market encompasses a wide range of products, including computer chairs, designed specifically for the Internet industry, telecom industry, and IT industry. Corporate offices are major consumers of furniture products like chairs, with raw material suppliers and dealers catering to their needs. Working personnel in renovation projects and office building construction also require chairs. With the rise of remote working and the increasing focus on employee health, the demand for ergonomic chairs has surged. Both international and domestic manufacturers produce standard and ergonomic chairs for various applications. The Internet industry's economic impact study reveals that online sales of chairs have significantly grown, with brick-and-mortar stores adapting to this trend. The IT industry's shift towards remote work has further fueled the demand for multipurpose ergonomic chairs. Employee collaboration and comfort are essential aspects of office infrastructure. Ergonomic chairs, designed to prevent musculoskeletal injuries, have become a necessity in today's corporate world. The telecom industry's workforce also benefits from ergonomic chairs, reducing the risk of injuries and improving overall productivity. In conclusion, the chair market is a significant contributor to various industries, including the Internet, telecom, and IT sectors. The growing emphasis on employee health and comfort, remote work, and economic infrastructure development, have created a robust demand for chairs. The market's future looks promising, with continuous innovation and technological advancements in chair designs.
Market Research Overview
According to Technavio, the global chair market is classified under the umbrella of the global household durables market within the broader leisure products industry. This market segment encompasses various product categories, including sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer games. The global household durables market size is determined by the consolidated revenues generated by manufacturers of household durables, comprising consumer electronics, home furnishings, home-building products, household appliances, houseware and specialties, and leisure products. The expansion of the global leisure products market is anticipated to be fueled by the surge in health and fitness club memberships, which have seen significant growth in the past decade. - The Chair Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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