Game Room And Lounge Furniture Market Report

Market Insights

The Game Room and Lounge Furniture Market estimated to grow from USD xx billion in 2020 to USD xx billion by 2026 at a healthy CAGR of xx% during the forecast period.

Figure: Game Room and Lounge Furniture Market Size, 2020-2026 (USD Million)

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What is Game Room and Lounge Furniture?

Game room and lounge furniture is defined as the type of furniture designed for game room or a place to sit & relax. Based on product, it can be categorized as gaming chairs, cabinets, tables and others.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted the materials supply chains, international trade, and manufacturing operations across the world. The production of game room and lounge furniture declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus.

Key Players

Key players operating in the Game Room and Lounge Furniture Market are-

• Steelcase (US)
• Haworth Inc. (US)
• Hill-Rom Holdings, Inc. (US)
• Stryker Corporation (US)
• The Wieland Group (Germany)
• TMC Furniture (US)
• Knoll, Inc. (US)
• MedViron (US)
• Flexsteel Industries, Inc. (US)
• Norix Group, Inc (US)
• Krug Champagne (France)
• Renray (UK)
• Kwalu (US)
• CMD Group (US)
• Stance Healthcare Inc. (Canada)

Market Dynamics

The global growth of game room and lounge furniture market size is primarily driven by rising number of game rooms and relaxation spots in the resorts and hotels. Increasing consumer spending on games for entertainment & relaxation is likely to propel the market growth at a significant rate during the review period. In addition to this, growing emphasis on modern furnishing products is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segment’s Analysis

Application Trends

Based on application, the game room and lounge furniture market has been divided into residential and commercial. The commercial application segment accounted for the largest market share in 2020. The segment growth can be attributed to increasing number of game rooms in the hotels or resorts across geographies.

Regional Trends

By region, the North America Game Room and Lounge Furniture Market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to high product adoption rate and presence of key market players such as Steelcase (US) and Haworth Inc. (US). The market growth in Asia-Pacific region is expected to grow at a fastest CAGR during the review on account of growing consumer interest in games and entertainment activities.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the game room and lounge furniture market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the Game Room and Lounge Furniture Market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on Game Room and Lounge Furniture Market?
• What are the key strategies adopted by the major vendors to lead in the Game Room and Lounge Furniture Market?
• What is the market share of the top vendors?

Target Audience

The target audience of Game Room and Lounge Furniture Market includes-

• Game Room and Lounge Furniture Vendors
• Game Room and Lounge Furniture Manufacturers
• Game Room and Lounge Furniture Distributors
• Organizations
• Government Bodies

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