Summary
As the world continues to deal with COVID-19, economies are moving into recession, under multiple adverse factors, the GDP of European and American countries in the second quarter suffered a historical contraction. At an annualized rate, the US GDP fell by 32.9% month on month, while the overall GDP of the euro zone fell by 12.1%.
Moreover, the economic prospects of Europe and the United States in the third quarter under the epidemic situation are hardly optimistic. The resumption of work and production not only brought economic data back, but also triggered a rebound in the epidemic situation. At present, the United States is still the 'epicenter' of the global epidemic. The total number of confirmed cases has exceeded 4.8 million, and the epidemic situation in some European countries has also rebounded. Affected by this, more than 20 states in the United States have announced the suspension or withdrawal of part of the economic restart plan. Britain and Italy have also decided to extend the state of emergency. The rebound of the epidemic situation has posed considerable risks to the economic prospects of Europe and the United States.
In the second quarter of this year, US GDP shrank by 9.5% on a month on month basis, or 32.9% at an annual rate, the largest decline since the 1940s. Data show that the sharp decline in personal consumption is the main drag on the U.S. GDP growth in the second quarter.
Compared with the United States, Europe's economic contraction in the second quarter was smaller, but it was also the lowest on record, with Germany and France contracting more than 10%. According to the data released by the Federal Bureau of statistics, Germany's GDP fell by 10.1% in the second quarter after adjusting for prices, seasons and working days, the largest decline since the quarterly economic data were available in 1970.
Thanks to the effective control and policy support of the new epidemic, China's economy rebounded sharply in the second quarter. The growth rate of manufacturing industry, which accounted for about 28% of GDP, rebounded sharply to 4.4% from the negative value in the first quarter. Chinese original equipment manufacturers (OEMs) and suppliers are ramping up production. And there are increased investments in digital footprints in manufacturing. OEMs in other parts of the world are offering incentives to drive sales. XYZResearch published a report for global Sofa Beds market in this environment.
In terms of revenue, this research report indicated that the global Sofa Beds market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX % over the forecast period 2021-2026. Correspondingly, the forecast analysis of Sofa Beds industry comprises of China, USA, Japan, India, Korea and South America, with the production and revenue data in each of the sub-segments.
The ????Willow & Hall aims at producing XX Sofa Beds in 2020, with XX % production to take place in global market, ????Natuzzi accounts for a volume share of XX %.
Regional Segmentation (Value; Revenue, USD Million, 2015 - 2026) of Sofa Beds Market by XYZResearch Include
China
EU
USA
Japan
India
Southeast Asia
South America
Competitive Analysis; Who are the Major Players in Sofa Beds Market?
Willow & Hall
Natuzzi
Alstons
MERAL
Shenzhen PG Century Furniture
JAY-BE
Stylus
Sofa So Good Australia
Kiwi Bed & Sofas
Sofa Studio
Forest Sofa
Rolex Furniture
...
Major Type of Sofa Beds Covered in XYZResearch report:
Stent Sofa Beds
Cushion Sofa Beds
Application Segments Covered in XYZResearch Market
Residential Use
Commericial Use
Application 3
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Table of Contents
Global Sofa Beds Market Analysis 2020, With Top Companies, Production, Revenue, Consumption, Price and Growth Rate
1 Market Scope
1.1 Product Details and Introduction
1.1.1 Stent Sofa Beds -Product Introduction and Major Manufacturers
1.1.2 Cushion Sofa Beds -Product Introduction and Major Manufacturers
1.2 Market Snapshot
1.2.1 Major Companies Overview
1.2.2 Market Concentration
1.2.3 Six-Year Compound Annual Growth Rate (CAGR)
2 Global Sofa Beds Market Assessment, by Segmentation
2.1 Type Breakdown Estimates & Forecast, Sales Volume (2015-2026)
2.2 Type Breakdown Estimates & Forecast, Sales Value (2015-2026)
2.3 Application Breakdown Estimates & Forecast, by Application (2015-2026)
3 Regional Market Analysis
3.1 China Sofa Beds Market
3.1.1 Top Companies leading Sofa Beds Development in China (2015-2020)
3.1.2 Sales Value of Major Company in China Market (2015-2020)
3.1.3 China Sofa Beds Price (USD/Unit), by Type (2019-2020)
3.1.4 Sales in China Market, by Type (2015-2026)
3.2 EU Sofa Beds Market
3.2.1 Top Companies leading Sofa Beds Development in EU (2015-2020)
3.2.2 Sales Value of Major Company in EU Market (2015-2020)
3.2.3 EU Sofa Beds Price (USD/Unit), by Type (2019-2020)
3.2.4 Sales in EU Market, by Type (2015-2026)
3.3 USA Sofa Beds Market
3.3.1 Top Companies leading Sofa Beds Development in USA (2015-2020)
3.3.2 Sales Value of Major Company in USA Market (2015-2020)
3.3.3 USA Sofa Beds Price (USD/Unit), by Type (2019-2020)
3.3.4 Sales in USA Market, by Type (2015-2026)
3.4 Japan Sofa Beds Market
3.4.1 Top Companies leading Sofa Beds Development in Japan (2015-2020)
3.4.2 Sales Value of Major Company in Japan Market (2015-2020)
3.4.3 Japan Sofa Beds Price (USD/Unit), by Type (2019-2020)
3.4.4 Sales in Japan Market, by Type (2015-2026)
3.5 India Sofa Beds Market
3.5.1 Top Companies leading Sofa Beds Development in India (2015-2020)
3.5.2 Sales Value of Major Company in India Market (2015-2020)
3.5.3 India Sofa Beds Price (USD/Unit), by Type (2019-2020)
3.5.4 Sales in India Market, by Type (2015-2026)
3.6 Southeast Asia Sofa Beds Market
3.6.1 Top Companies leading Sofa Beds Development in Southeast Asia (2015-2020)
3.6.2 Sales Value of Major Company in Southeast Asia Market (2015-2020)
3.6.3 Southeast Asia Sofa Beds Price (USD/Unit), by Type (2019-2020)
3.6.4 Sales in Southeast Asia Market, by Type (2015-2026)
3.7 South America Sofa Beds Market
3.7.1 Top Companies leading Sofa Beds Development in South America (2015-2020)
3.7.2 Sales Value of Major Company in South America Market (2015-2020)
3.7.3 South America Sofa Beds Price (USD/Unit), by Type (2019-2020)
3.7.4 Sales in South America Market, by Type (2015-2026)
4 Value Chain (Impact of COVID-19)
4.1 Sofa Beds Value Chain Analysis
4.1.1 Upstream
4.1.2 Downstream
4.2 COVID-19 Impact on Sofa Beds Industry
4.2.1 Industrial Policy Issued Under the Epidemic Situation
4.3 Cost-Under the Epidemic Situation
4.3.1 Cost of Raw Material
4.4 Channel Analysis
4.4.1 Distribution Channel-Under the Epidemic Situation
4.4.2 Distributors
5 Regional Market Forecast (2021-2026)
5.1 Global Sofa Beds Sales and Growth Rate (2021-2026)
5.2 Global Sofa Beds Sales Value and Growth Rate (2021-2026)
6 Sofa Beds Competitive Analysis
6.1 Willow & Hall
6.1.1 Willow & Hall Company Profiles
6.1.2 Willow & Hall Product Introduction
6.1.3 Willow & Hall Sofa Beds Production, Revenue (2015-2020)
6.1.4 SWOT Analysis
6.2 Natuzzi
6.2.1 Natuzzi Company Profiles
6.2.2 Natuzzi Product Introduction
6.2.3 Natuzzi Sofa Beds Production, Revenue (2015-2020)
6.2.4 SWOT Analysis
6.3 Alstons
6.3.1 Alstons Company Profiles
6.3.2 Alstons Product Introduction
6.3.3 Alstons Sofa Beds Production, Revenue (2015-2020)
6.3.4 SWOT Analysis
6.4 MERAL
6.4.1 MERAL Company Profiles
6.4.2 MERAL Product Introduction
6.4.3 MERAL Sofa Beds Production, Revenue (2015-2020)
6.4.4 SWOT Analysis
6.5 Shenzhen PG Century Furniture
6.5.1 Shenzhen PG Century Furniture Company Profiles
6.5.2 Shenzhen PG Century Furniture Product Introduction
6.5.3 Shenzhen PG Century Furniture Sofa Beds Production, Revenue (2015-2020)
6.5.4 SWOT Analysis
6.6 JAY-BE
6.6.1 JAY-BE Company Profiles
6.6.2 JAY-BE Product Introduction
6.6.3 JAY-BE Sofa Beds Production, Revenue (2015-2020)
6.6.4 SWOT Analysis
6.7 Stylus
6.7.1 Stylus Company Profiles
6.7.2 Stylus Product Introduction
6.7.3 Stylus Sofa Beds Production, Revenue (2015-2020)
6.7.4 SWOT Analysis
6.8 Sofa So Good Australia
6.8.1 Sofa So Good Australia Company Profiles
6.8.2 Sofa So Good Australia Product Introduction
6.8.3 Sofa So Good Australia Sofa Beds Production, Revenue (2015-2020)
6.8.4 SWOT Analysis
6.9 Kiwi Bed & Sofas
6.9.1 Kiwi Bed & Sofas Company Profiles
6.9.2 Kiwi Bed & Sofas Product Introduction
6.9.3 Kiwi Bed & Sofas Sofa Beds Production, Revenue (2015-2020)
6.9.4 SWOT Analysis
6.10 Sofa Studio
6.10.1 Sofa Studio Company Profiles
6.10.2 Sofa Studio Product Introduction
6.10.3 Sofa Studio Sofa Beds Production, Revenue (2015-2020)
6.10.4 SWOT Analysis
6.11 Forest Sofa
6.12 Rolex Furniture
7 Conclusion
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