Authored By: Sarah
23 Sep 2024

Latest News:- Poufs Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

Poufs Market to grow at a CAGR of 4.19% during 2024-2028

The Poufs Market is expected to grow at a CAGR of 4.19% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 150.55 million. The poufs market is experiencing a shift towards more eco-friendly materials in response to growing environmental concerns. Traditional poufs, which are often made from foam materials, have raised concerns due to their high energy consumption during manufacturing and the environmental impact of disposal. To address these issues, poufs are now being produced using sustainable materials such as recycled sailcloth, esparto grass, and cypress wood. Furthermore, regenerated fiberfill and soy-based foam derived from recycled plastic waste are being utilized. The soy-based foam offers the same retention rate as traditional foam, making it an attractive alternative for pouf vendors. This eco-friendly approach not only reduces the environmental footprint but also offers a renewable and energy-efficient solution for pouf production. 

Get more information on Poufs Market by requesting a sample report

The Offline subsegment is expected to dominate the Distribution Channel segment during the forecast period 

Technavio analysts predict that the Offline subsegment will lead the Distribution Channel segment during 2024 and 2028 In the global market for poufs, the offline segment holds the largest customer base due to the tangible benefits it offers. With a vast array of poufs physically available in furniture shops, stores, and luxury furniture brand outlets, buyers can explore a wide range of options. Sales personnel, knowledgeable about the technicalities, features, advantages, quality, and pricing of poufs, provide detailed product descriptions to facilitate informed purchasing decisions. Companies like Godrej and IKEA have expanded their offline presence with numerous stores worldwide to cater to the preferences of customers who desire to examine the quality and experience the features of poufs prior to purchase.

Here are the various ways based on which the market is segmented: 

  • Distribution Channel
    • Offline
    • Online
  • Application
    • Residential
    • Commercial
  • Geography
    • North America
    • Europe
    • APAC
    • Middle East and Africa
    • South America

Reasons to Purchase the Global Poufs Market Market Research Report by Technavio. What is in it for you?

  • Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
  • Insight into Current Market Trends: Our research reports provide our readers insights into the latest market intelligence, competitor strategies, market trends, changes taking place in the industry and customer preferences, forecasted market opportunities that influence them to make better business decisions
  • High ROI with Extensive Hands-on Research: Technavio is renowned for offering personalized market research reports as per unique business needs, delving deep into specific markets, product segments and demographics. Additionally, it is also well-known for providing high return on investments through its wide collection of data at pocket-friendly rates

There are several factors that are causing the market to flourish increase in residential and commercial construction

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

Title: Poufs Market: Commercial Development, Increasing Demand, and Latest Trends The poufs market has witnessed significant commercial development in recent years due to their versatility and affordability. These multi-functional seating solutions have gained popularity in various applications, from offices to homes, schools, and public spaces. The cost-effectiveness of poufs, available in various materials such as wooden, metal, and fabric, has driven their demand. Infrastructure projects, including schools and public spaces, have shown a notable increase in the use of poufs due to their advanced versatility. Offices have also adopted poufs as alternative seating options, providing a more relaxed and informal setting for employees. Families have found poufs to be an excellent addition to their living spaces, offering extra seating and a stylish touch. Latest trends in the poufs market include the use of eco-friendly materials, modular designs, and innovative colors and patterns. However, the shutdown of industries due to the pandemic has slightly affected the market growth. Despite this, the future looks promising for the poufs market as they continue to offer functional and aesthetic solutions for various applications.

Market Research Overview

According to Technavio, the global poufs market is positioned under the umbrella of the global household durables market, specifically within the leisure products sector. The leisure products market encompasses a range of product categories, such as sports equipment, musical instruments, camping gear, recreational vehicles, bicycles, toys, and other consumer leisure items. The size of the global household durables market is determined by the consolidated revenue generated by manufacturers of various household durables, including consumer electronics, home furnishings, homebuilding materials, household appliances, housewares and specialties, and leisure products. The expansion of the global leisure products market will be fueled by several key factors, including the surge in health and fitness club memberships. Over the past decade, there has been a notable rise in the number of individuals joining health and fitness clubs, contributing to the market's growth trajectory.

The Poufs Market is experiencing significant growth, fueled by the increase in residential and commercial construction. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

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