The solar chair market is anticipated to witness high growth owing to increasing demand for eco-friendly products. Solar chairs offer advantages like unlimited charging capability and portability. With growing awareness about environmental issues and sustainable living, the need for energy-efficient products is increasing rapidly. Solar chairs allow users to charge their devices while enjoying outdoors without relying on electricity.
The global solar chair market is estimated to be valued at US$ 2.07 billion in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2031.
Solar chairs are gaining popularity due to their easy installation and maintenance-free operation. Manufacturers are focusing on product innovation by offering chairs with improved solar panels, ergonomic designs, and multiple charging ports. The increasing use of smart devices and gadgets is also propelling the demand for portable charging solutions like solar chairs.
Key Takeaways
Key players operating in the solar chair market are Oracle Corporation (U.S.), IBM Corporation (U.S.), SAP SE (Germany), Workday, Inc. (U.S.), Microsoft Corporation (U.S.), Sage Group plc (U.K.), Infor (U.S.), Deltek (U.S.), Acumatica, Inc. (U.S.), and Epicor (U.S.). These companies are focusing on new product launches and geographical expansion to strengthen their market position.
The key opportunities in the Solar Chair Market Share include innovative product designs catering to outdoor recreational activities like camping, hiking, beach sitting etc. Many companies are coming up with features like removable battery packs, adjustable backs, and lightweight foldable frames to target different consumer segments. Several manufacturers are also offering personalized engravings and customizations on chairs to enhance appeal.
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