Industry: Consumer Goods
Published Date: January-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 300
Report ID: PMRREP31535
According to Persistence Market Research, the bean bag market generated a revenue of US$ 5,810.2 million in 2024. The demand for sleeve labels will accelerate, with the top market players holding a prominent share of the market in 2023. The global market for bean bag is expected to reach US$ 10,210.5 million by 2033, growing at a ~5.8% CAGR from 2024 to 2033.
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Market Size (2023A) |
US$ 5,512.5 million |
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Estimated Market Size (2024E) |
US$ 5,810.2 million |
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Projected Market Value (2033F) |
US$ 10,210.5 million |
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Value CAGR (2024–2033) |
5.8% |
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Collective Value Share: Top 3 Countries (2023) |
~22% |
The market for bean bag chairs will be driven by rising penetration and product exposure. A significant development in the home décor industry is the growing consumer need for flexible living space. In most modern nations, including Germany, the United Kingdom, and the United States, the kitchen is used for activities other than cooking and eating, such as studying, watching television, playing video games, and relaxing. The traditional uses of rooms in a home are being replaced with uses that allow for a variety of functional spaces.
The market expansion is being driven by the rising number of people using bean bag chairs for various health conditions, such as reducing joint, muscular, and back discomfort. In addition, there is a growing demand for bean bags due to the increase in product usage in public spaces including bars, clubs, and pubs.
The millennial generation is currently the most well liked in various locations, and they have had a big impact on market expansion. This is supported by the fact that the millennial generation has finished school, is settled in their careers, and is currently planning a family and a place to live. Compared to baby boomers and other generations, millennials want larger living spaces and place a greater emphasis on furnishing them with useful, cutting-edge, and aesthetically pleasing items.
The millennial generation has also been a major force behind the growth of e-Commerce in the home furnishings and décor sectors. Studies show that more than 75% of millennials globally use cellphones to look up things on online marketplaces when they are in stores. One of the main causes for the beanbag chair and décor companies' increased online presence is this generation's habit.
Over the forecast period 2024–2033, the beanbag chairs market is anticipated to expand at a CAGR of 5.8 % in terms of value.
Millions of trees must be cut down every day to make the traditional house furnishings. A beanbag, on the other hand, does not require the usage of any trees, making it an environmentally beneficial product. Knowing that such a seating option is not made of wood or other valuable resources allows anyone to relax guilt-free. Shredded foam, which is produced from recycled plastic or other materials, is commonly seen in beanbag chairs. Consequently, your environmentally friendly beanbag chair can contribute to a greener future.
Other beanbag chair items can also be modified to fit your preferred design and taste. For customized features, you should be prepared to invest a lot of money. However, you can personalize and customize beanbags to your style without having to spend a lot of money. Stunning bespoke beanbags may radically alter the mood of a space.
Making a beanbag is simpler than looking for beanbag chair that fits your needs. For instance, you can have a huge variation with a pattern or even one with several contents within. There are fillings that can be excellent substitutes for expanded polystyrene. You might be startled to learn that some beanbags come stuffed with things like organics, rice, peanuts, and even used clothing. Fillings that are even more interesting are available for your beanbag.
Living has always included a significant amount of decoration. It fosters an emotional bond with those still alive. People are increasingly inclined to create a good décor these days because the appearance and decoration of the space have a significant impact on influencing personal psychology.
Additionally, as atmosphere is a significant and highly valued factor for customers, commercial enterprises, particularly those in the restaurant and hospitality industries, are investing extensively on decor. The market for beanbag chairs will be driven in the upcoming years by the growing significance of décor for residential or business settings.
How Change in Customer Product Preference is Expected to Drive the Market in US?
The lucrative US market for beanbag chair market is anticipated to grow at a considerable CAGR of 3.2%. The desire for harm-resistant characteristics in commercial and residential areas, as well as a rise in beanbag chair exports and increased manufacture of beanbag chair, are all contributing to the expanding need for beanbag chair in the United States.
However, shift in consumer preference, various beanbag chair producers have been considering creating new versions of their products to meet the changing demand from their target customers. For instance: The modular design of Lovesac's Sactional couches allows for easy extension utilising the same basic components, which include a seat base, a few cushions, and arms sides. As a result, the business is able to deliver consumers virtually custom-made beanbag chairs right away. Customers can choose from more than 200 fabrics to construct custom orders, which typically take four weeks to complete, and can be made from one of the company's around 30 off-the-shelf fabric designs.
How Residential Sector is Likely to Boost Sales in Brazil?
In the Latin America Region, Brazil is expected to be a promising market for the bean bag products, the market is expected to grow with a CAGR of ~5.6%, due to the recent growth in residential areas in Brazil, there is a limited amount of space available, and people already lead hectic lives that stimulate the usage of useful objects like beanbag seats. Because of rising purchasing power, the availability of smart purchases, and the desire for useful things in both the domestic and business sectors, the market for beanbag chairs is growing.
How Online Sales in India Rise the Demand for Bean Bag Chairs Market?
The Indian online beanbag chair business has been expanding quickly, and one of the main factors driving this development is the shift in customer behavior from offline to online. Leaders in the sector are hopeful about the segment's growth given that the desire for buying goods online has increased dramatically because of the epidemic and the anxiety surrounding leaving the house. Even among conventional consumers, the ongoing epidemic has increased their reliance on online retail for their shopping demands. The market for beanbag chair market is anticipated to grow at a considerable CAGR of ~4.5%
Which Product Type is expected to dominate the in The Beanbag Chair Market in Future?
Square Beanbag Chair are significantly grow in popularity as a product category at a remarkable rate of about ~8.2% CAGR in the forecast year. The quadrilateral shape of square bean bags produced from rexine used in bean bag production. These chairs essentially serve as living room recliners, providing backrests and armrests to encourage relaxation, such factor are helping the market to grow over the year.
Which Type of Application Will Contribute Major Share in The Beanbag Chairs Market?
Household application are significantly grow in popularity as a product category at a CAGR of ~7.0%. Compared to the commercial sector, there is a higher need for products that help individuals unwind, feel comfortable, and reduce stress at work. Similar to this, the product's increased use in homes for reading, meditation, and other activities drives up consumption.
Will Online Retailing Become the Most Prominent Sales Channel for Bean Bag Chair Market?
According to the analysis, online retailing is predicted to dominate over the forecast period, with a CAGR of ~6.0%. As a result of the epidemic, consumer preferences have changed due to variety of offerings through online channel with free gifts, heavy discount offerings etc. As a result, the players in the market are even focused to expand their online presence globally through building their e-commerce websites.
Players are looking for opportunities to expand both their physical and online presence in order to meet the growing demand. By establishing manufacturing facilities in the developing economies of East Asia and South Asia, the players are also concentrating on lowering their production and transportation costs. The businesses are concentrated on developing a brand identity in the marketplace. One technique that corporations have chosen to secure their brands and products is the use of intellectual property rights.
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Forecast Period |
2024–2033 |
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Historical Data Available for |
2019–2023 |
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Market Analysis |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon Request |
By Product Type
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The global bean bag chairs market was valued at US$ 5,512.5 million as of 2022.
Demand for bean bag chairs is projected to increase at 5.8% CAGR and be valued at US$ 10,210.5 million by 2033 end.
Williams-Sanoma Inc Restoration Hardware Inc., The Lovesac Company, Ultimate Sack LLC, Fatboy The Original B.V, LUVU Brands Inc., Sumo Lounge International Corporation, Yogibo LLC, American Furniture Alliance Inc., CordaRoy Company, Comfy Sacks Company, Ryohin Keikaku Co., Ltd, Intex Recreation Corporation, Ace Bayou Corporation, and others are key market players.
Germany, China, U.S., India, and Japan are driving most of the demand for bean bag market.
Panama, Brazil, and China, are major exporters of bean bag.
