Before specifying anything, it is worth establishing what your market is currently selling and at what price — not the aspirational competitor, the one actually moving units. Send us two or three pieces from that shelf and we will measure them: diameter, tolerance, material class, cord specification, furniture construction. That measurement usually reframes the brief.
The common finding is that the incumbent product is less well made than its price implies, which means there is room to compete on quality rather than on price. The less common but more useful finding is the opposite — that the incumbent is well made and the gap is in packaging or assortment rather than in the object. Either way it is better to know before tooling than after a season.
This service costs nothing and we offer it because a private label programme that launches into a misread market fails for reasons neither of us can fix afterwards. We would rather spend a week establishing the ground than a season correcting for it.