The global indoor and outdoor bean bags market is anticipated to grow at a CAGR of 4.2% during the forecast period. The increasing demand for these bags from children and teenagers looking for new ways to entertain themselves. Increase in the number of manufacturers offering various types of beanbags designed with different filling materials, shapes, and so on is expected to have a positive impact on market growth. This bags enables marketers in this space to tailor their products according to the consumer needs, allowing them to increase sales volumes while also improving brand image among target consumers are attributed to witness market growth.
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Growth of the construction industry leads to an increase in the number of residential and commercial buildings, implying an increase in market demand for bean bags. Consumers find bean bags more luxurious with numerous applications inside their homes, so the residential sector dominates in their use. Consumers want products that can be used for multiple purposes and eliminate other products to save space in their homes, which has increased the popularity of bean bags products. It is primarily used in developed countries for gaming, watching TV, relaxing, eating, studying, and lazing, owing to its use in various activities the demand by the customers is increasing and that in turn market is growing further.
Leading market players have introduced new products with enhanced capabilities. They have taken the necessary steps to improve device accuracy as well as overall functionality. Companies have now launched the Moon-Pod bean bag, which is specifically designed to support any body shape. It is filled with high density beads that provide the sensation of floating on a cloud while keeping the body relaxed and elevated. It is a space-saving house asset that provides the best comfort to the body by relieving back and neck pain and lowering anxiety levels.
North America is expected to dominate the market due to high disposable income levels, rising spending power among the middle-class population, and rising health-consciousness across age groups,that leads to an increase in demand for personal fitness products and that in turn increases the demand for indoor and outdoor bean bags market.
Europe region has a high growth potential due to the increasing popularity of these types of bags among teenagers who are looking for new ways to entertain themselves by engaging in group activities such as playing card games, watching movies, among others while also spending time with their peers, which can be easily done on one large-sized bag rather than several smaller-sized ones, making it an affordable option.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- American Furniture Alliance, Comfort Research, GDF Studio, and Hudson Industries (Gold Medal), among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Indoor and Outdoor Bean Bags Market Report by Segment
By Type
- Polystyrene
- Shredded Foam
- Expanded Polypropylene
- Cloth
- Leather
- Plush
By Application
- Kids Sizes Bean Bag
- Teen Bean Bag
- Adult Bean Bag
- Massive Bean Bag
A full report of Global Indoor and Outdoor Bean Bags Market is available at: https://orionmarketreports.com/global-indoor-and-outdoor-bean-bags-market/118361/
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