May 23, 2024
Portable Chair Market

Portable Chair Market is poised to scale new heights driven by comfort and convenience

Portable chairs are lightweight folding chairs that provide comfort and convenience while traveling or outdoors. They are ergonomically designed chairs that distribute body weight evenly for reduced stress and increased circulation. Portable chairs are preferred over conventional chairs for their compact storage size, durability, and portability. The chairs can be folded and carried easily for outdoor activities like camping, sporting events, concerts, etc. Growing demand for comfortable seating solutions during travel and outdoor activities is a key driver of the portable chair market.

The Global Portable Chair Market is estimated to be valued at US$ 709.74 Mn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Portable Chair market are SABMiller plc, Anheuser-busch InBev, Carlsberg, United Breweries Ltd., Mohan Meakins, Radico Khaitan, Heineken NV, Tilaknagar Inds., Som Distilleries, Globus Spirits. SABMiller plc and Anheuser-busch InBev collectively account for over 35% of the global market share.

The growing demand for convenient yet comfortable seating solutions during travel and outdoor activities is fueling market growth. Changing lifestyle patterns and increasing disposable income are encouraging outdoor recreational activities which require portable chairs.

Major players are expanding their global footprint by entering emerging economies to tap new customer segments. Strategic partnerships with regional players help strengthen distribution networks and market presence across countries.

Market key trends

Lightweight and compact folding mechanism is a key trend in Portable Chair Market Demand  design. New lightweight materials like carbon fiber and aluminum are replacing heavier metals to reduce chair weight without compromising on strength. Compact folding allows small storage size for easy portability. Padded seats and adjustable backrests provide enhanced comfort on the go. Innovative designs catering to specific outdoor applications like camping, picnics, stadiums are gaining popularity. Sustainable and recyclable materials are increasingly used in chair manufacturing to reduce environmental impact.

Porter’s Analysis

Threat of new entrants: Entry barriers like high capital requirement and established brands deter new players.

Bargaining power of buyers: Large retailers can negotiate better prices whereas individual buyers have low bargaining power.

Bargaining power of suppliers: Suppliers of raw materials like grain, hops and packaging materials have moderate bargaining power due to fewer alternatives.

Threat of new substitutes: Alternatives like wine and liquor pose threat but beer remains a popular beverage option.

Competitive rivalry: Intense competition among major players to gain market share and profitability.

Geographical Regions

North America accounts for the largest share of the global portering chair market in terms of value owing to rising geriatric population and increasing prevalence of disabilities. The Asia Pacific region is expected to grow at the fastest rate during the forecast period. Countries like China and India offer immense growth opportunities due to growing consumer awareness, improving healthcare infrastructure and rising disposable incomes.

Geographical Regions

Europe is another major market for portering chairs concentrated in countries such as Germany, UK, France and Italy. This is attributed to well-developed healthcare systems, growing senior population and availability of innovative products. However, the market is relatively mature as compared to emerging regions of Asia Pacific and Middle East & Africa which are predicted to showcase highest growth between 2024-2030. Government initiatives to improve medical facilities and rising lifestyle diseases will drive the adoption of portering chairs.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it