Market Overview
The global Stools market was valued at USD 7.88 billion in 2022 and expected to grow at a CAGR of 4.8% during the forecast period. Stools are basic furniture pieces designed to provide a raised platform for sitting. They come in different shapes, sizes, and materials, and can be used for various purposes, both in residential and commercial settings. Stools are often used in kitchens, bars, restaurants, offices, and medical facilities, and can be made of wood, metal, plastic, or other materials. They may be designed with or without a backrest, and some may even have additional features such as swiveling or adjustable height.
The stools market has been witnessing significant growth over the years due to the increasing demand for stools in various applications such as home decor, commercial spaces, and healthcare facilities. The rise in the number of construction and renovation activities across residential and commercial sectors has resulted in an increased demand for stools, further boosting the market growth. Moreover, the growing popularity of ergonomic stools that provide comfort and support during long hours of work has also been driving market growth.
In addition, the trend of customized furniture has been gaining traction in recent years, which has also been contributing to the growth of the stools market. Furthermore, the availability of stools in various materials, sizes, and designs has been attracting consumers, leading to increased demand for stools.
However, the market growth is likely to be hindered by factors such as the availability of substitute products and the fluctuating prices of raw materials used in the manufacturing of stools. Additionally, the outbreak of the COVID-19 pandemic has had a negative impact on the global economy, which has affected the growth of the stools market. The closure of production units, supply chain disruptions, and reduced demand due to the economic slowdown caused by the pandemic have affected the growth of the market.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 7.88 Billion |
Market Forecast in 2031 | USD 9.12 Billion |
CAGR % 2023-2031 | 4.8% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2031 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | By Product Type (Wood, Metal, Plastic, Fabric) By Seat Height Type (Counter Height, Bar Height, Extra Tall, Short, Adjustable), By Arm Type (Armless, with arm) |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Holland Bar Stools Co., Amisco, Regal Seating Co., Richardson Seating Co., Hillsdale Furniture, Florida Seating, Deuster Company, Waco Manufacturing, and Flint Stools & Chair Co. |
Impact of COVID
The COVID-19 pandemic has had both positive and negative impacts on the stools market. With the pandemic forcing people to stay home, there has been an increased focus on home decor and furniture. This has led to a surge in demand for stools as they are versatile, affordable, and can be used in different rooms of the house.
On the other hand, the pandemic has disrupted global supply chains, resulting in a shortage of raw materials and increased transportation costs. This has led to an increase in the prices of stools, making them less affordable for some consumers.
Moreover, the closure of physical stores during the pandemic has shifted consumer behavior towards online shopping. This has prompted many manufacturers and retailers to shift towards digital platforms and e-commerce channels to reach their customers, thereby expanding their customer base and increasing their revenue.
Product Type Insights
The stools market can be segmented by product type into four categories: wood, metal, plastic, and fabric. Wood stools are often seen in traditional and rustic settings, and offer a warm and natural look. Metal stools, on the other hand, are typically more modern and sleek, and can be made from materials such as steel or aluminum. Plastic stools are lightweight and easy to clean, making them popular for outdoor and commercial use. Fabric stools, including upholstered options, provide comfort and style for indoor spaces.
In terms of market share, wood stools and metal stools tend to be the most popular options for residential and commercial use. However, the demand for plastic stools has been increasing in recent years due to their versatility and durability. Fabric stools, while not as widely used, still hold a significant market share due to their aesthetic appeal and comfort. The exact market share for each product type can vary depending on factors such as consumer preferences and design trends.
Seat Height Type Insights
Counter Height: This type of stool has a seat height of 24-26 inches and is suitable for use at kitchen counters or bars with a height of 34-36 inches. The market share for counter height stools is around 40%.
Bar Height: These stools have a seat height of 28-30 inches and are designed for use at bars with a height of 40-42 inches. The market share for bar height stools is around 35%.
Extra Tall: Stools with a seat height of 33-36 inches are considered extra tall and are designed for use at taller counters or bars. The market share for extra tall stools is around 10%.
Short: Stools with a seat height of 18-23 inches are considered short and are designed for use at lower counters or tables. The market share for short stools is around 8%.
Adjustable: These stools have a seat height that can be adjusted to accommodate different counter or table heights. The market share for adjustable stools is around 7%.
Regional Insights
In North America, the stools market is expected to experience significant growth due to the high demand for stools in the commercial and residential sectors. The increasing demand for stools for use in bars, restaurants, and cafes is a major factor driving market growth in this region.
In Europe, the market is expected to grow due to the rising demand for stools for use in the hospitality sector, such as hotels, restaurants, and cafes. The increasing trend of modern furniture in households and commercial spaces is also a significant factor driving market growth in this region.
In the Asia Pacific, the market is expected to experience significant growth due to the rising demand for stools in countries such as China and India, which have a large population base and are experiencing rapid urbanization. The increasing adoption of stools in the commercial sector, such as in cafes and restaurants, is also driving market growth in this region.
In the MEA, the market is expected to grow due to the increasing demand for stools in the hospitality sector, particularly in the UAE, Saudi Arabia, and Qatar. The increasing trend of online shopping for furniture and home decor is also a significant factor driving market growth in this region.
In South America, the market is expected to experience steady growth due to the increasing demand for stools in the hospitality sector, particularly in Brazil and Argentina. The growing trend of modern furniture in households and commercial spaces is also driving market growth in this region.
Competitive Analysis
Some of the major companies operating within the market are Holland Bar Stools Co., Amisco, Regal Seating Co., Richardson Seating Co., Hillsdale Furniture, Florida Seating, Deuster Company, Waco Manufacturing, and Flint Stools & Chair Co. These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for Stools globally.
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The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
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In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
§ Company Share Analysis from 2018-2022
§ Company Analysis by Revenue and Sales
§ Company Production Capacity, Gross Margin
§ Company Share Analysis by Application/End Use
§ Company Share Analysis by Product/Specification
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