The global bean bag chairs market will reach 701.01 million US dollars in 2023

Author: QYResearch  |   Published Date: 2018-11-14   |   Views: 292

Bean Bag Chairs.webp.jpg

The global Bean Bag Chair market is valued at 113.75 million USD in 2017 and is expected to reach 123.47 million USD by the end of 2023, growing at a CAGR 1.65% between 2018 and 2023.

North America ranks the top in terms of Sales volume of Bean Bag Chairs worldwide, it consists of 66.22% of the global market in 2017. Europe comes the second, with 16.44% of the global market. Asia Pacific, South America, Middles East and Africa Market are yet to be developed, mainly due to insufficient demand. Since most of the people in these areas still prefer the traditional types of chairs. Companies in these regions are quite reluctant to purchase bean bag chairs to decorate their offices. The market for these regions occupies only 17.34% of the global Bean Bag Chairs market in the same year.

The Bean Bag Chairs market concentration is quite high. There are about a hundred of brands in USA right now, only about 20% of them are large scale producers, who had operated for quite a long time. A Large amount of them only sell products on the internet, without having a Brick and Mortar store. They sell a limited number of products, but some of them are very popular, wining a lot of customers. There are many furniture distributors of Bean Bag Chairs in Europe and USA. These distributors help many small-scale companies sell their products. Except from MUJI, almost all the big scale Beanbag Chair Producers are from USA. Yogibo ranks the first in terms of Revenue market share in global market of Bean Bag Chairs, occupies 14.82% of the global market share in 2017; While, MUJI, with a market share of 9.10%, comes the second; All the other manufacturers which are not included in the report together consist of about 33.08% of the global market in 2017.

In the next five years, the global consumption of Bean Bag Chairs will show upward tendency further, market size is expected to be about 701.01 M USD by 2023. The CAGR from 2018 to 2023 will be approximately 13.69%. Despite the presence of fierce competition and the trend of price decrease, due to the stable demand, together with the development of the related industries. Investors are quite optimistic about this industry. There will be more new investors entering this field soon.

The Global Bean Bag Chairs Market Research Report 2018 This report released by QYResearch provides a basic overview of the Bean Bag Chairs industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Bean Bag Chairs industry development trends and marketing channels were analyzed.Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Full Report Overview@https://www.qyresearch.com/index/detail/169373/global-bean-bag-chairs-market

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