Global Bean Bag Chair Market

Global Bean Bag Chair Market Size, Share, Growth Analysis, By Product Type(Indoor, Outdoor), By Distribution Channel(Online, Offline) - Industry Forecast 2022-2028


Report ID: SQSG25F2004 | Region: Global | Published Date: December, 2022 | Pages: 165

Global Bean Bag Chair Market Insights

Global Bean Bag Chair Market Size was valued at USD 3.74 billion in 2021, and it is expected to reach a value of USD 4.97 billion by 2028, at a CAGR of 4.2% over the forecast period (2022 - 2028).

Large cushions called "bean bags" are used as sitting in furniture and are constructed of polystyrene beads. They are available in many forms, dimensions, hues, and patterns. Leather, corduroy, suede, and faux fur are just a few of the materials used to make bean bags. Although bean bags are typically used indoors, some, like polyester bean bags, can be used outside thanks to their higher durability and water resistance. As an alternative to larger sofas or couches, some people prefer bean bags. Bean bags are trendy right now, especially among younger people. They are lightweight and comfy.

Children enjoy using bean bag variations such as mini bean bags, which come in a variety of sizes and fillings. For pool activities, jacuzzis, and other floating objects, floating bean bags can be employed. In addition to these additional uses, bean bags can also be used as beds for cats and dogs as well as radiant heating pads when filled with seeds and grains like flax and cherry pits or cereals like wheat, corn, and barley. In addition, bean bags have been used by photographers in place of camera stands. Additionally, bean bags are being transformed into infant safety helmets.

Market snapshot

Global Market Size

USD 3.74 billion

Largest Segment

Offline

Fastest Growth

Offline

Growth Rate

4.2% CAGR

Global Bean Bag Chair Market 2022-2028 ($ Mn)
Country Share for Europe Region- 2021 (%)
Global Bean Bag Chair Market Size by Distribution Channel 2022-2028 ($ Mn)
Global Bean Bag Chair Market Size by Distribution Channel 2022-2028 (%)

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Global Bean Bag Chair Market Segmental Analysis

Global bean bag chair market has been segmented based on product type, distribution channel, and region. By product type, the market is segmented into indoor and outdoor. Based on the distribution channel it is classified as offline or online. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Analysis by Distribution Channel

In 2021, the offline sector accounted for the highest market share. The growing accessibility and availability of bean bag chairs in retail establishments in urban areas are responsible for this high revenue share. Retail establishments also assist clients in selecting the appropriate goods before making a purchase. The offline segment also lowers shipping costs and provides other advantages like membership, discounts, and return services. One of the top retailers, MUJI, which sells a wide range of furniture and consumer items, plans to open two additional locations each year in South Asia and India. IKEA, a Swedish furniture retailer, also recently launched its first location in Hyderabad, India. Over the next few years, it expects to open additional locations in other major cities throughout the nation. Throughout the projected period, this is anticipated to fuel bean bag chair sales. During the projected period, from 2022 to 2028, the highest CAGR of 6.4 % is anticipated for the online channels. The increased use of e-commerce channels, online marketing, digital platforms, and social media is blamed for the segment rise. Additionally, businesses use numerous social media sites like Twitter, Facebook, Instagram, and YouTube to increase the awareness of their products. During the anticipated period, these aspects are expected to support market expansion. Furthermore, these outlets give promotional discounts and deliveries, and a return facility.

Global Bean Bag Chair Market By Distribution Channel, 2021 (%)

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Global Bean Bag Chair Market Regional Insights

In 2021, Europe accounted for the largest market share. This region has a significant revenue share due to the rising demand for branded, premium-quality furniture products and consumers' shifting preferences toward modern, opulent products. Furthermore, it is anticipated that the presence of well-known businesses in the area will accelerate market expansion over the coming years.

During the forecast period, which runs from 2022 to 2028, the Asia Pacific market is anticipated to develop at the highest CAGR. In developing nations like China, Indonesia, and India, major players are extending their product lines. In the next years, it is expected that the number of middle-class consumers would increase along with product penetration in both urban and rural areas. The demand for home décor products is also anticipated to expand, along with the number of distribution channels, in the upcoming years.

Global Bean Bag Chair Market By Geography, 2022-2028
  • Largest
  • Fastest

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Global Bean Bag Chair Market Dynamics

Driver

  • Bean bags have a variety of uses, including in residential areas, commercial buildings, and workplaces. The number of residential buildings being built, the growth of the real estate sector, and the rise in cafés and lounges, among other businesses, are all expected to increase demand for bean bags.
  • Organizations use bean bags in certain areas of their establishments to change the ambiance and to stand out from the competition. It is anticipated that rising residential units and project construction will greatly boost demand for furniture and related goods like bean bags.
  • By promoting their goods on social media sites like Instagram, Facebook, and Twitter, businesses are enhancing their marketing and sales methods. The global bean bag market is anticipated to increase as a result of several factors, including rising social media and digital platform usage, online marketing trends, and high product visibility on these platforms.

Restraint

  • Rising prices of premium quality raw materials such as cotton and leather are increasing manufacturing costs and the cost of end products. These factors are potential growth restraining factors for the growth of the bean bag chair market to a certain extent in the future.
  • The impact of the Covid-19 pandemic has been comparatively more on the retail industry than others. The spread of coronavirus has significantly impacted consumer buying behavior, product demand, and logistic operations in the market. The demand for discretionary products, including décor and furniture products, is low at present.

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Global Bean Bag Chair Market Competitive Landscape

The global bean bag chair market is highly competitive due to the presence of top players operating in the market. The increasing popularity of luxury and modern furniture is the main factor driving demand for bean bag chairs over the forecast period. The market is identified by several strategic activities such as expansions, mergers and acquisitions, and product and technological innovations, attempted by key manufacturers in the industry.

Top Player's Company Profiles

  • MUJI (Japan)
  • IKEA (Sweden)
  • Yogibo (US)
  • Sumo Lounge (US)
  • Bean Bag City (US)
  • Ambient Lounge (UK)
  • Comfort Research (US)
  • Ultimate Sack (US)
  • Lovesac (US)
  • Comfy Sacks (US)
  • CordaRoy's (US)
  • Jaxx Bean Bags (US)
  • KingBeany (US)
  • Crate & Barrel (US)

Recent Development

  • In February 2022, The Lovesac Company, Opening its first showroom in the Lehigh Valley is a specialty furniture company known for its modular "Sactional" couches and "Sac" bean bag chairs.
  • In May 2021, LOVESAC, The product in issue is a limited-edition piece from the Lovesac x Jeremy Scott collaboration, which was created in association with the well-known bean bag company and the fashion designer.

Global Bean Bag Chair Key Market Trends

  • The demand for the product is anticipated to increase in the coming years due to the growing use of bean bag chairs to furnish living rooms, bedrooms, and dorm rooms. Additionally, we can observe the growing popularity of bean bag seats in swimming pools on both public and private premises worldwide. It can also be used as a radiant heating pad, producing a warm temperature when filled with natural materials like corn, oats, barley, wheat, rice, flax seeds, and cherry pits. Throughout the forecast period, this is also anticipated to fuel the market for bean bag chairs.

Global Bean Bag Chair Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, by distribution channel, the offline dominated the global Bean Bag Chair market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, Europe dominated the global market owing to the region’s growing population, as well as a significantly higher number of researches conducted.

Report Metric Details
Market size value in 2021 USD 3.74 billion
Market size value in 2028 USD 4.97 billion
Growth Rate 4.2%
Base year 2021
Forecast period 2022 - 2028
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Indoor, Outdoor
  • Distribution Channel
    • Online, Offline
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • MUJI (Japan)
  • IKEA (Sweden)
  • Yogibo (US)
  • Sumo Lounge (US)
  • Bean Bag City (US)
  • Ambient Lounge (UK)
  • Comfort Research (US)
  • Ultimate Sack (US)
  • Lovesac (US)
  • Comfy Sacks (US)
  • CordaRoy's (US)
  • Jaxx Bean Bags (US)
  • KingBeany (US)
  • Crate & Barrel (US)
Customization scope

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  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Bean Bag Chair Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Bean Bag Chair Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Bean Bag Chair Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Bean Bag Chair Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Bean Bag Chair Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Bean Bag Chair Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Bean Bag Chair Market Size was valued at USD 3.74 billion in 2021, and it is expected to reach a value of USD 4.97 billion by 2028, at a CAGR of 4.2% over the forecast period (2022 - 2028).

The global bean bag chair market is highly competitive due to the presence of top players operating in the market. The increasing popularity of luxury and modern furniture is the main factor driving demand for bean bag chairs over the forecast period. The market is identified by several strategic activities such as expansions, mergers and acquisitions, and product and technological innovations, attempted by key manufacturers in the industry.' MUJI (Japan)',' IKEA (Sweden)',' Yogibo (US)',' Sumo Lounge (US)',' Bean Bag City (US)',' Ambient Lounge (UK)',' Comfort Research (US)',' Ultimate Sack (US)',' Lovesac (US)',' Comfy Sacks (US)',' CordaRoy's (US)',' Jaxx Bean Bags (US)',' KingBeany (US)',' Crate & Barrel (US)'

Bean bags have a variety of uses, including in residential areas, commercial buildings, and workplaces. The number of residential buildings being built, the growth of the real estate sector, and the rise in cafés and lounges, among other businesses, are all expected to increase demand for bean bags.

The demand for the product is anticipated to increase in the coming years due to the growing use of bean bag chairs to furnish living rooms, bedrooms, and dorm rooms. Additionally, we can observe the growing popularity of bean bag seats in swimming pools on both public and private premises worldwide. It can also be used as a radiant heating pad, producing a warm temperature when filled with natural materials like corn, oats, barley, wheat, rice, flax seeds, and cherry pits. Throughout the forecast period, this is also anticipated to fuel the market for bean bag chairs.

In 2021, Europe accounted for the largest market share. This region has a significant revenue share due to the rising demand for branded, premium-quality furniture products and consumers' shifting preferences toward modern, opulent products. Furthermore, it is anticipated that the presence of well-known businesses in the area will accelerate market expansion over the coming years.

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Global Bean Bag Chair Market

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