Casual Sofa Market was valued at USD 8.5 Billion in 2022 and is projected to reach USD 12.5 Billion by 2030, growing at a CAGR of 5.3% from 2024 to 2030.
The casual sofa market has experienced significant shifts between 2018 and 2022, driven by evolving consumer preferences, changing lifestyles, and technological advancements. From 2018 to 2022, there was a steady rise in demand for casual sofas, particularly in urban regions, due to increasing disposable income, smaller living spaces, and a greater emphasis on comfort. During this period, casual sofas gained popularity as consumers sought versatile, cozy, and budget-friendly furniture options that fit seamlessly into modern homes.
Over the years, the demand for casual sofas surged as more people began to prioritize style and comfort over traditional, formal furniture pieces. Notably, a growing number of millennials, who were looking for furniture that complemented their fast-paced, flexible lifestyles, started embracing casual sofas. In fact, the shift toward more relaxed home environments was also fueled by the rise of remote working and the need for comfortable spaces to work and unwind.
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Looking ahead to 2023-2033, the casual sofa market is poised for further growth as consumer preferences continue to evolve. The demand for multifunctional, space-saving, and eco-friendly furniture is expected to intensify as urbanization and sustainable living gain momentum. Casual sofas are predicted to play a central role in the growing trend of multifunctional living spaces, particularly in metropolitan areas where space is at a premium.
The increasing focus on sustainability and environmentally conscious purchasing decisions is expected to drive demand for casual sofas made from eco-friendly materials. Consumers are becoming more aware of the environmental impact of their furniture choices and are seeking products that are both functional and sustainable. As a result, casual sofa manufacturers are likely to continue innovating with materials such as recycled fabrics, biodegradable components, and energy-efficient production methods.
Furthermore, the rise of online shopping is likely to accelerate the growth of the casual sofa market over the next decade. With the convenience of purchasing furniture online and the ability to easily compare prices and reviews, more consumers are expected to shop for sofas from the comfort of their homes. The online marketplace also enables manufacturers to reach a global audience, further expanding the market for casual sofas.
Additionally, the integration of smart technology into casual sofas is a trend expected to gain traction in the coming years. Consumers are increasingly interested in furniture that incorporates technology, such as built-in charging ports, Bluetooth speakers, and adjustable features. These smart features not only add convenience but also enhance the overall comfort and functionality of casual sofas.
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Who are the largest Global manufacturers in the Casual Sofa industry?
- 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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What are the factors driving the growth of the Global Casual Sofa Market?
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
What are the types of Casual Sofa available in the Market?
Based on Types the Market is categorized into Below types that held the largest Casual Sofa market share In 2023.
- Electric
- Manual
Which regions are leading the Global Casual Sofa Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, 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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Detailed TOC of Global Casual Sofa Market Research Report, 2024-2032
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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