MARKET TRENDS

The rising trend of fully furnished apartments is changing the industry landscape and driving the transformation of the global recliner sofa market. Millennials and baby boomers are now focusing on renting furniture that helps them embrace a “hands-free” lifestyle of mobility and adventure. Furnished apartments offer that solution and match the latest trends of modern furniture styles desired by the end-users. The market witnessed higher demand for a power recliner sofa, which allows the consumer to relax comfortably and can move the arms and footrest according to their convenience. Communities are offering furnished apartments majorly targeting the mobile consumer group and offering more flexible leases.