Chair market 2023-2027; A descriptive analysis of the five forces model, market dynamics, and segmentation - Technavio

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Jan 24, 2023, 08:00 ET

NEW YORK, Jan. 24, 2023 /PRNewswire/ -- According to Technavio, the global chair market size is estimated to grow by USD 14,196.62 million from 2022 to 2027. The market is estimated to grow at a CAGR of 6.25% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 40%. For more Insights on market size, Request a sample report

Chair Market - Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers– 

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Technavio has announced its latest market research report titled Global Chair Market 2023-2027
Technavio has announced its latest market research report titled Global Chair Market 2023-2027

  • Bargaining Power of Buyers 
  • The threat of New Entrants
  • Threat of Rivalry
  • Bargaining Power of Suppliers
  • Threat of Substitutes
  • Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Chair market – Customer Landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Chair market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on distribution channel (offline and online), type (regular use chairs, office chairs, massage chairs, gaming chairs, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). 

  • The market growth will be significant in the offline segment during the forecast period. The segment includes specialty stores, dealers, hypermarkets, supermarkets, brand-owned retail stores, and department stores. Although these distribution channels are losing their popularity, extensive marketing activities are anticipated to propel sales through these channels at a steady rate during the forecast period.

Geography Overview
By geography, the global chair market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global chair market.

  • APAC will account for 40% of the global market growth during the forecast period. The growth of the regional market can be attributed to factors such as high vendor support, availability of relatively cheap labor, and the presence of low-cost manufacturing locations.

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Chair market – Market Dynamics

Key factor driving market growth

  • The market is driven by growing work-related stress and the need for stress-relieving solutions.
  • The prevalence of health conditions such as obesity, high blood pressure, depression, poor circulation, and anxiety is on the rise globally due to an increase in work-related stress.
  • People are becoming more health conscious and are engaging in activities that provide effective relief from pain and stress.
  • This is increasing the demand for health and fitness products such as massage chairs due to the perceived health-promoting benefits associated with their use.
  • Massage chairs stimulate blood circulation, relieve pain, allow the muscles to relax, and release good hormones such as endorphins and serotonin that destress the mind.
  • With the increase in the demand for health and fitness products, market growth will accelerate during the forecast period.

Leading trends influencing the market 

  • The emergence of ergonomic gaming chairs is identified as the key trend in the market.
  • Conventional chairs cause pain in the back muscles and hands and discomfort when playing games for long hours.
  • Hence, the demand for ergonomically designed gaming chairs is increasing among consumers.
  • Ergonomic gaming chairs are designed to reduce discomfort and muscle strain a user may experience.
  • They have features such as swivel and tilt capabilities, seat-side control, and neck pillow to help gamers sit in a relaxed position.
  • The increasing popularity of these chairs is encouraging many vendors in the market to introduce a wide range of ergonomically designed gaming chairs.

Major challenges hindering market growth

  • The uncertainty of raw materials and production costs are challenging the growth of the market.
  • The cost of raw materials used in the manufacture of chairs such as steel, plastics, textiles, wood particleboard, and cartons has increased considerably over the years.
  • For instance, the cost of wood is increasing due to volatility in input and transportation costs, as well as continued downsizing of the production capacities of furniture manufacturers.
  • The increasing cost of raw materials is negatively impacting the profit margins of vendors, which is reducing the growth potential of the market.

Driver, Trend & Challenges are the factors of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this chair market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the chair market between 2023 and 2027
  • Precise estimation of the size of the chair market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the chair market industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of chair market vendors

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Related Reports:

  • The gaming chair market is estimated to grow at a CAGR of 7.73% between 2022 and 2027. The size of the market is forecast to increase by USD  212.95 million. The health-related benefits of using gaming chairs are notably driving the gaming chair market growth, although factors such as the increasing adoption of mobile games may impede market growth.
  • The massage equipment market is estimated to grow at a CAGR of 10.54% between 2022 and 2027. The size of the market is forecast to increase by USD 17,294.31 million. The rising number of massage parlors and physiotherapy clinics is notably driving the market growth, although factors such as the shift to traditional massage therapies may impede the market growth.

Chair Market Scope

Report Coverage

Details

Page number

167

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.25%

Market growth 2023-2027

USD 14,196.62 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.84

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution 

APAC at 40%

Key countries

US, China, Germany, France, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Ace Casual Furniture, AKRacing America Inc., Arozzi North America, Bristol Technologies Sdn Bhd, Corsair Gaming Inc., DXRacer USA LLC., Haworth Inc., HNI Corp., Impakt S.A., Kimball International Inc., MillerKnoll Inc., Okamura Corp., Pro Gamersware GmbH, Secretlab SG Pte. Ltd., Steelcase Inc., Thermaltake Technology Co. Ltd., ThunderX3, TOPSTAR GmbH, True Innovations, and Vertagear Inc

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global chair market 2017 - 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global chair market 2017 - 2021 ($ million)
  • 4.2 Distribution channel Segment Analysis 2017 - 2021
    • Exhibit 19: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)
  • 4.3 Type Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Market Share of Vendors

  • 5.1 Market Share of Vendors 2021 
    • Exhibit 23: Data table on Market share of vendors Market share of Vendors 2021

6 Five Forces Analysis

  • 6.1 Five forces summary 
    • Exhibit 24: Five forces analysis - Comparison between 2022 and 2027
  • 6.2 Bargaining power of buyers 
    • Exhibit 25: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 6.3 Bargaining power of suppliers 
    • Exhibit 26: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 6.4 Threat of new entrants 
    • Exhibit 27: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 6.5 Threat of substitutes 
    • Exhibit 28: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 6.6 Threat of rivalry 
    • Exhibit 29: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 6.7 Market condition 
    • Exhibit 30: Chart on Market condition - Five forces 2022 and 2027

7 Market Segmentation by Distribution Channel

  • 7.1 Market segments 
    • Exhibit 31: Chart on Distribution Channel - Market share 2022-2027 (%)
    • Exhibit 32: Data Table on Distribution Channel - Market share 2022-2027 (%)
  • 7.2 Comparison by Distribution Channel 
    • Exhibit 33: Chart on Comparison by Distribution Channel
    • Exhibit 34: Data Table on Comparison by Distribution Channel
  • 7.3 Offline - Market size and forecast 2022-2027
    • Exhibit 35: Chart on Offline - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
    • Exhibit 37: Chart on Offline - Year-over-year growth 2022-2027 (%)
    • Exhibit 38: Data Table on Offline - Year-over-year growth 2022-2027 (%)
  • 7.4 Online - Market size and forecast 2022-2027
    • Exhibit 39: Chart on Online - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Data Table on Online - Market size and forecast 2022-2027 ($ million)
    • Exhibit 41: Chart on Online - Year-over-year growth 2022-2027 (%)
    • Exhibit 42: Data Table on Online - Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by Distribution Channel
    • Exhibit 43: Market opportunity by Distribution Channel ($ million)

8 Market Segmentation by Type

  • 8.1 Market segments 
    • Exhibit 44: Chart on Type - Market share 2022-2027 (%)
    • Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
  • 8.2 Comparison by Type 
    • Exhibit 46: Chart on Comparison by Type
    • Exhibit 47: Data Table on Comparison by Type
  • 8.3 Regular use chairs - Market size and forecast 2022-2027
    • Exhibit 48: Chart on Regular use chairs - Market size and forecast 2022-2027 ($ million)
    • Exhibit 49: Data Table on Regular use chairs - Market size and forecast 2022-2027 ($ million)
    • Exhibit 50: Chart on Regular use chairs - Year-over-year growth 2022-2027 (%)
    • Exhibit 51: Data Table on Regular use chairs - Year-over-year growth 2022-2027 (%)
  • 8.4 Office chairs - Market size and forecast 2022-2027
    • Exhibit 52: Chart on Office chairs - Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Data Table on Office chairs - Market size and forecast 2022-2027 ($ million)
    • Exhibit 54: Chart on Office chairs - Year-over-year growth 2022-2027 (%)
    • Exhibit 55: Data Table on Office chairs - Year-over-year growth 2022-2027 (%)
  • 8.5 Massage chairs - Market size and forecast 2022-2027
    • Exhibit 56: Chart on Massage chairs - Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Data Table on Massage chairs - Market size and forecast 2022-2027 ($ million)
    • Exhibit 58: Chart on Massage chairs - Year-over-year growth 2022-2027 (%)
    • Exhibit 59: Data Table on Massage chairs - Year-over-year growth 2022-2027 (%)
  • 8.6 Gaming chairs - Market size and forecast 2022-2027
    • Exhibit 60: Chart on Gaming chairs - Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Data Table on Gaming chairs - Market size and forecast 2022-2027 ($ million)
    • Exhibit 62: Chart on Gaming chairs - Year-over-year growth 2022-2027 (%)
    • Exhibit 63: Data Table on Gaming chairs - Year-over-year growth 2022-2027 (%)
  • 8.7 Others - Market size and forecast 2022-2027 
    • Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
    • Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)
  • 8.8 Market opportunity by Type 
    • Exhibit 68: Market opportunity by Type ($ million)

9 Customer Landscape

  • 9.1 Customer landscape overview 
    • Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape

  • 10.1 Geographic segmentation 
    • Exhibit 70: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 71: Data Table on Market share by geography 2022-2027 (%)
  • 10.2 Geographic comparison 
    • Exhibit 72: Chart on Geographic comparison
    • Exhibit 73: Data Table on Geographic comparison
  • 10.3 APAC - Market size and forecast 2022-2027
    • Exhibit 74: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 76: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 77: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 10.4 North America - Market size and forecast 2022-2027
    • Exhibit 78: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 80: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 81: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 10.5 Europe - Market size and forecast 2022-2027
    • Exhibit 82: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 84: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 85: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 10.6 South America - Market size and forecast 2022-2027
    • Exhibit 86: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 88: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 89: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 10.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 90: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 92: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 93: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 10.8 China - Market size and forecast 2022-2027
    • Exhibit 94: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 96: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 97: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 10.9 US - Market size and forecast 2022-2027
    • Exhibit 98: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 100: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 101: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 10.10 Germany - Market size and forecast 2022-2027
    • Exhibit 102: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 104: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 105: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 10.11 France - Market size and forecast 2022-2027
    • Exhibit 106: Chart on France - Market size and forecast 2022-2027 ($ million)
    • Exhibit 107: Data Table on France - Market size and forecast 2022-2027 ($ million)
    • Exhibit 108: Chart on France - Year-over-year growth 2022-2027 (%)
    • Exhibit 109: Data Table on France - Year-over-year growth 2022-2027 (%)
  • 10.12 UK - Market size and forecast 2022-2027
    • Exhibit 110: Chart on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 111: Data Table on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 112: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 113: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 10.13 Market opportunity by geography 
    • Exhibit 114: Market opportunity by geography ($ million)

11 Drivers, Challenges, and Trends

  • 11.1 Market drivers
  • 11.2 Market challenges
  • 11.3 Impact of drivers and challenges 
    • Exhibit 115: Impact of drivers and challenges in 2022 and 2027
  • 11.4 Market trends

12 Vendor Landscape

  • 12.1 Overview
  • 12.2 Vendor landscape 
    • Exhibit 116: Overview on Criticality of inputs and Factors of differentiation
  • 12.3 Landscape disruption 
    • Exhibit 117: Overview on factors of disruption
  • 12.4 Industry risks 
    • Exhibit 118: Impact of key risks on business

13 Vendor Analysis

  • 13.1 Vendors covered 
    • Exhibit 119: Vendors covered
  • 13.2 Market positioning of vendors 
    • Exhibit 120: Matrix on vendor position and classification
  • 13.3 Ace Casual Furniture 
    • Exhibit 121: Ace Casual Furniture - Overview
    • Exhibit 122: Ace Casual Furniture - Product / Service
    • Exhibit 123: Ace Casual Furniture - Key offerings
  • 13.4 AKRacing America Inc. 
    • Exhibit 124: AKRacing America Inc. - Overview
    • Exhibit 125: AKRacing America Inc. - Product / Service
    • Exhibit 126: AKRacing America Inc. - Key offerings
  • 13.5 Arozzi North America 
    • Exhibit 127: Arozzi North America - Overview
    • Exhibit 128: Arozzi North America - Product / Service
    • Exhibit 129: Arozzi North America - Key offerings
  • 13.6 Bristol Technologies Sdn Bhd 
    • Exhibit 130: Bristol Technologies Sdn Bhd - Overview
    • Exhibit 131: Bristol Technologies Sdn Bhd - Product / Service
    • Exhibit 132: Bristol Technologies Sdn Bhd - Key offerings
  • 13.7 Corsair Gaming Inc. 
    • Exhibit 133: Corsair Gaming Inc. - Overview
    • Exhibit 134: Corsair Gaming Inc. - Business segments
    • Exhibit 135: Corsair Gaming Inc. - Key news
    • Exhibit 136: Corsair Gaming Inc. - Key offerings
    • Exhibit 137: Corsair Gaming Inc. - Segment focus
  • 13.8 Haworth Inc. 
    • Exhibit 138: Haworth Inc. - Overview
    • Exhibit 139: Haworth Inc. - Product / Service
    • Exhibit 140: Haworth Inc. - Key offerings
  • 13.9 HNI Corp. 
    • Exhibit 141: HNI Corp. - Overview
    • Exhibit 142: HNI Corp. - Business segments
    • Exhibit 143: HNI Corp. - Key news
    • Exhibit 144: HNI Corp. - Key offerings
    • Exhibit 145: HNI Corp. - Segment focus
  • 13.10 Kimball International Inc. 
    • Exhibit 146: Kimball International Inc. - Overview
    • Exhibit 147: Kimball International Inc. - Business segments
    • Exhibit 148: Kimball International Inc. - Key offerings
    • Exhibit 149: Kimball International Inc. - Segment focus
  • 13.11 MillerKnoll Inc. 
    • Exhibit 150: MillerKnoll Inc. - Overview
    • Exhibit 151: MillerKnoll Inc. - Business segments
    • Exhibit 152: MillerKnoll Inc. - Key offerings
    • Exhibit 153: MillerKnoll Inc. - Segment focus
  • 13.12 Okamura Corp. 
    • Exhibit 154: Okamura Corp. - Overview
    • Exhibit 155: Okamura Corp. - Business segments
    • Exhibit 156: Okamura Corp. - Key offerings
    • Exhibit 157: Okamura Corp. - Segment focus
  • 13.13 Steelcase Inc. 
    • Exhibit 158: Steelcase Inc. - Overview
    • Exhibit 159: Steelcase Inc. - Business segments
    • Exhibit 160: Steelcase Inc. - Key offerings
    • Exhibit 161: Steelcase Inc. - Segment focus
  • 13.14 Thermaltake Technology Co. Ltd. 
    • Exhibit 162: Thermaltake Technology Co. Ltd. - Overview
    • Exhibit 163: Thermaltake Technology Co. Ltd. - Product / Service
    • Exhibit 164: Thermaltake Technology Co. Ltd. - Key offerings
  • 13.15 ThunderX3 
    • Exhibit 165: ThunderX3 - Overview
    • Exhibit 166: ThunderX3 - Product / Service
    • Exhibit 167: ThunderX3 - Key offerings
  • 13.16 TOPSTAR GmbH 
    • Exhibit 168: TOPSTAR GmbH - Overview
    • Exhibit 169: TOPSTAR GmbH - Product / Service
    • Exhibit 170: TOPSTAR GmbH - Key offerings
  • 13.17 True Innovations 
    • Exhibit 171: True Innovations - Overview
    • Exhibit 172: True Innovations - Product / Service
    • Exhibit 173: True Innovations - Key offerings

14 Appendix

  • 14.1 Scope of the report
  • 14.2 Inclusions and exclusions checklist 
    • Exhibit 174: Inclusions checklist
    • Exhibit 175: Exclusions checklist
  • 14.3 Currency conversion rates for US$ 
    • Exhibit 176: Currency conversion rates for US$
  • 14.4 Research methodology 
    • Exhibit 177: Research methodology
    • Exhibit 178: Validation techniques employed for market sizing
    • Exhibit 179: Information sources
  • 14.5 List of abbreviations 
    • Exhibit 180: List of abbreviations

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