Market Overview:
The global leather and faux leather sofas market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for luxury furniture, rising disposable income, and growing urbanization. In terms of type, the natural leather segment is expected to lead the global market during the forecast period owing to its high quality and durability. However, faux leather is expected to grow at a higher CAGR than natural leather due to its lower price point and environmental benefits such as reduced waste production. In terms of application, residential applications are expected dominate the global market during the forecast period followed by commercial applications.
Product Definition:
Leather and faux leather sofas are furniture pieces that are upholstered with either genuine or synthetic leather. Leather is a natural material that is made from the skin of animals, while faux leather is a synthetic material that is made from various plastics or other man-made materials. Both types of sofas have their pros and cons, but overall, leather tends to be more expensive and look more luxurious than faux leather. However, faux leather can be easier to clean and care for than real leather.
Natural Leather:
Natural leather is the skin of an animal that has been tanned and processed. It's the most preferred type of leather used in making furniture, mainly because it ages well and has a unique look to it. Natural leather can be categorized into two types: steer or bull hide, which is obtained from processing the whole skin; and split or cowhide which is obtained from processing only the top part of hides (the meat portion).
Faux Leather:
Faux leather is a man-made textile, which is manufactured by the application of vegetable tanning agents on fibers, which are not real leather. It has similar chemical and physical properties as that of natural leather; however it does not have the same structure or origin. Faux Leather can be used for making various products including sofas, jackets, bags and shoes among others.
Application Insights:
The residential application segment accounted for the largest share of more than 70.0% in 2017. The growing population and rapid urbanization have led to an increased demand for sofas in the residential sector, which is expected to drive the market growth over the forecast period.
The commercial application segment was valued at USD 2,176.6 million in 2017 and is projected to witness a CAGR of XX% from 2018 to 2030 owing to rising demand from hotels, restaurants and cafes as well as shopping malls across various regions including North America and Europe Pacific countries such as China, Japan etc., In addition faux leather sofas are also widely used by public institutions such as hospitals schools etc.
Regional Analysis:
Europe dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to high demand for luxury living spaces and an increase in spending power among its population. Moreover, increasing number of new product launches coupled with growing trend for modern furniture is also expected to drive growth during the forecast period.
Asia Pacific was valued at USD X billion in 2017 and is anticipated to register a CAGR of XX% from 2018 to 2030 due to rapid urbanization along with rising disposable income levels resulting into increased sales volumes of leather sofas across various application settings including residential, commercial, public institutions such as hotels.
Growth Factors:
- Increasing demand for leather and faux leather sofas in the residential sector due to their aesthetic appeal and comfort.
- Rising disposable income of consumers, which is resulting in an increase in spending on home furniture including leather and faux leather sofas.
- Proliferation of online retail channels, which is making it easier for consumers to purchase furniture including leather and faux leather sofas at competitive prices.
- Growing popularity of open-plan living spaces, which is leading to an increase in demand for versatile furniture such as Leather and Faux Leather Sofas that can be used in multiple ways. 5) The increasing trend of interior decorating among homeowners is also contributing to the growth of the market for Leather and Faux Leather Sofas
Scope Of The Report
Report Attributes
Report Details
Report Title
Leather and Faux Leather Sofas Market Research Report
By Type
Natural Leather, Faux Leather
By Application
Residential, Commercial, Public Institution
By Companies
Arper, TalenTi Srl, VONDOM, Kettal, Herman Miller, Bene GmbH, MDF Italia, Tribù, Zanotta, RODA, Royal Botania, Kristalia, Porro S.p.A., Varaschin, Bisazza S.p.A., spHaus, Lammhults Möbel AB, désirée divani, ORSITALIA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Leather and Faux Leather Sofas Market Report Segments:
The global Leather and Faux Leather Sofas market is segmented on the basis of:
Types
Natural Leather, Faux Leather
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Public Institution
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arper
- TalenTi Srl
- VONDOM
- Kettal
- Herman Miller
- Bene GmbH
- MDF Italia
- Tribù
- Zanotta
- RODA
- Royal Botania
- Kristalia
- Porro S.p.A.
- Varaschin
- Bisazza S.p.A.
- spHaus
- Lammhults Möbel AB
- désirée divani
- ORSITALIA
Highlights of The Leather and Faux Leather Sofas Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural Leather
- Faux Leather
- By Application:
- Residential
- Commercial
- Public Institution
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Leather and Faux Leather Sofas Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Leather and faux leather sofas are typically made from a synthetic material that is similar to real leather, but it is not actually made from animal skin. This type of sofa is often considered more luxurious because it feels softer and has a nicer smell than traditional leather sofas.
Some of the major companies in the leather and faux leather sofas market are Arper, TalenTi Srl, VONDOM, Kettal, Herman Miller, Bene GmbH, MDF Italia, Trib¹, Zanotta, RODA, Royal Botania, Kristalia, Porro S.p.A., Varaschin, Bisazza S.p.A., spHaus, Lammhults M¶bel AB, d©sir©e divani, ORSITALIA.
The leather and faux leather sofas market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Leather and Faux Leather Sofas Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Leather and Faux Leather Sofas Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Leather and Faux Leather Sofas Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Leather and Faux Leather Sofas Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Leather and Faux Leather Sofas Market Size & Forecast, 2018-2028
4.5.1 Leather and Faux Leather Sofas Market Size and Y-o-Y Growth
4.5.2 Leather and Faux Leather Sofas Market Absolute $ Opportunity
Chapter 5 Global Leather and Faux Leather Sofas Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Leather and Faux Leather Sofas Market Size Forecast by Type
5.2.1 Natural Leather
5.2.2 Faux Leather
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Leather and Faux Leather Sofas Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Leather and Faux Leather Sofas Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Public Institution
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Leather and Faux Leather Sofas Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Leather and Faux Leather Sofas Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Leather and Faux Leather Sofas Analysis and Forecast
9.1 Introduction
9.2 North America Leather and Faux Leather Sofas Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Leather and Faux Leather Sofas Market Size Forecast by Type
9.6.1 Natural Leather
9.6.2 Faux Leather
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Leather and Faux Leather Sofas Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Public Institution
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Leather and Faux Leather Sofas Analysis and Forecast
10.1 Introduction
10.2 Europe Leather and Faux Leather Sofas Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Leather and Faux Leather Sofas Market Size Forecast by Type
10.6.1 Natural Leather
10.6.2 Faux Leather
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Leather and Faux Leather Sofas Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Public Institution
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Leather and Faux Leather Sofas Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Leather and Faux Leather Sofas Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Leather and Faux Leather Sofas Market Size Forecast by Type
11.6.1 Natural Leather
11.6.2 Faux Leather
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Leather and Faux Leather Sofas Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Public Institution
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Leather and Faux Leather Sofas Analysis and Forecast
12.1 Introduction
12.2 Latin America Leather and Faux Leather Sofas Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Leather and Faux Leather Sofas Market Size Forecast by Type
12.6.1 Natural Leather
12.6.2 Faux Leather
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Leather and Faux Leather Sofas Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Public Institution
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Leather and Faux Leather Sofas Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Leather and Faux Leather Sofas Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Leather and Faux Leather Sofas Market Size Forecast by Type
13.6.1 Natural Leather
13.6.2 Faux Leather
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Leather and Faux Leather Sofas Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Public Institution
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Leather and Faux Leather Sofas Market: Competitive Dashboard
14.2 Global Leather and Faux Leather Sofas Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arper
14.3.2 TalenTi Srl
14.3.3 VONDOM
14.3.4 Kettal
14.3.5 Herman Miller
14.3.6 Bene GmbH
14.3.7 MDF Italia
14.3.8 Tribù
14.3.9 Zanotta
14.3.10 RODA
14.3.11 Royal Botania
14.3.12 Kristalia
14.3.13 Porro S.p.A.
14.3.14 Varaschin
14.3.15 Bisazza S.p.A.
14.3.16 spHaus
14.3.17 Lammhults Möbel AB
14.3.18 désirée divani
14.3.19 ORSITALIA
