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North America Folding Furniture Market is projected to reach US$ 1,388.25 Million by 2027, Focusing on top key players like Ashley Furniture Industries, Bush Industries, Inc.., Haworth, Inc., DOREL INDUSTRIES INC., Inter IKEA Holding B.V.

01-10-2022 08:25 PM CET | Industry, Real Estate & Construction

Press release from: Business Market Insights

Folding Furniture Market

Folding Furniture Market

The folding furniture market in North America was valued at US$ 889.88 Million in 2019 and is projected to reach US$ 1,388.25 Million by 2027; it is expected to grow at a CAGR of 5.8% from 2020 to 2027. Rising demand for portable, multifunctional and space-saving furniture and rapid urbanization along with growth of residential sector are the key factors expected to drive the folding furniture market in North America.

Folding furniture is considered as a space saving and portable form of furniture ideal for people miniaturized home structures. Such form of furniture is known for multifunctional ability and possess the capability to be folded, compact in flat or a small size. Such piece of furniture can be easily transformed, collapsed, or folded creating better space portability. The demand for folding furniture is rising with rapid urbanization coupled with significant growth in residential sector and rapid advancement related to folding furniture. Folding furniture such as chairs, tables, sofas, beds, table trays, and others are quite popular among both the residential and commercial customers. Moreover, rising disposable income of consumers along with shift in consumer lifestyle has motivated the consumers to look for folding furniture which could enhance aesthetic appeal as well as provide convenience and comfortability.

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Key companies profiled in this research study are:
Ashley Furniture Industries
Bush Industries, Inc..
Haworth, Inc.
DOREL INDUSTRIES INC.
Inter IKEA Holding B.V.
La-Z-Boy, Inc..
Meco Corporation
Sauder Woodworking Company
Atlas Industries

North America Folding Furniture Market Segmentation:

North America Folding Furniture Market by Product Type
Table and Chair
Sofas
Beds
Table TV Trays
Others


North America Folding Furniture Market, by Application
Residential
Commercial

North America Folding Furniture Market, by Material
Wood
Metal
Plastic
Others

North America Folding Furniture Market, by Distribution Channel
Store-based
Non Store-based


North America Folding Furniture Market, by Country
US
Canada
Mexico


Key Market Segments:
Based on product type, North America folding furniture market is segmented into Table and Chair, Sofas, Beds, Table TV Trays, and Others. Table and chair segment dominated the market during 2020-2027. On the basis of application, the folding furniture market is classified into residential and commercial. In 2019, residential segment dominated the North America Folding Furniture Market. Based on material, North America folding furniture market is segmented into wood, metal, plastic, and others. The folding furniture market was dominated by the metal segment in 2019. Based on distribution channel, North America folding furniture market is segmented into Store-based, Non Store-based. Non Store-based segment is the fastest growing segment during the forecast period.

Reasons to buy report:
To understand the North America Folding Furniture Market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for North America Folding Furniture Market
Efficiently plan M&A and partnership deals in North America Folding Furniture Market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America Folding Furniture Market
Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.

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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace &Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

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