Foldable Furniture Market - Rapid Growth at Deep Value Price | Lifetime Products, Meco Corporation., Resource Furniture

According to the new research report published by The Insight Partners, titled "Foldable Furniture Market - Global Analysis and Forecast By Product (Tables and Chairs, Sofa, Beds, Others); Application (Residential, Commercial); Distribution Channel (Offline, Online)", the global foldable furniture market is expected to reach US$ 14.4 Bn in 2027, registering a CAGR of 6.8% during the forecast period 2019-2027.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPRE00002837/?utm_source=OpenPR&utm_medium=10593

Foldable furniture is a multifunctional furniture, which is ideal to install in smaller area or studio apartments as contemporary furniture. Rising prices of traditional wooden furniture along with environmental concerns, have paved the way for the growth of foldable furniture. Foldable furniture is made from mild steel and plastic, which are lightweight, cost effective and durable. For instance, Lucid Mattress offers a foldable metal bed frame with heavy duty wired grid, which provides efficient adjustment of the mattress.

Transformable or foldable space-saving furniture is a revolution in furniture design. There is a high demand for wall-mounted beds and chairs, and sofa beds (sofas that can be converted to beds), among others. Such flexibility offered by convertible furniture helps the people living in small apartments manage the space available at their houses; sofa beds can be converted into beds at nights and can be rearranged back to sofa in the daytime. A large number of companies are offering low-cost foldable pieces of furniture by directly delivering to the customer from the warehouse. "Expand Furniture" is an online business that engages in providing space-saving furniture. The company has a strong product portfolio of foldable furniture, which includes foldable sofas and chairs, coffee-to-dining tables, beds and murphy beds, and shelving and storage. The low-cost and diversified product offerings provide the company with a competitive advantage, further empowering it to attract a larger customer base. The increasing.

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Market Insights
Rising preference for eco-friendly foldable furniture

The growing emphasis on eco-friendly foldable furniture is one of the leading trends in the market. Deforestation and the burning of forests contribute to ~20% of greenhouse gas emissions; on the same lines, factors such as global warming and environmental preservation concerns encourage the use and manufacture of eco-friendly plant-based products, including furniture. The increasing number of environmental regulations in regions such as the Americas and Europe are anticipated to encourage the adoption of eco-friendly furniture during the forecast period. Most of the luxury brands of outdoor furniture have adopted "green" manufacturing practices and utilize materials that are biodegradable, recyclable, or certified by eco-friendly organizations, such as the Forest Stewardship Council (FSC).

Companies
Dorel Industries Inc.
Expand Furniture Inc.
Kestell Furniture LLC.
La-Z-Boy
Lifetime Products
Meco Corporation.
Resource Furniture
Murphy Wall-Beds Hardware Inc.
Inter IKEA Systems B.V.
Leggett & Platt, Inc.

Moreover, key companies contributing to Fiber Laser market valuation are studied thoroughly. The study entails a list of these companies along with exhaustive information regarding their offerings, strategic decisions such as partnerships, product launches, mergers & acquisitions and SWOT analysis.

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Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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