Lewes, DE -- (SBWire) -- 07/10/2015 --Report forecast the folding furniture market to grow at a CAGR of 6.47% during the period 2014-2019.
Quality, functionality, and aesthetic appeal are some of the major areas of focus in modern day furniture. Due to maintenance costs and other associated costs, people prefer living in small houses. This leads to preference for folding furniture, as they can be folded and tucked away when not in use. Apart from being multifunctional, they also enhance the decor.
This report covers the present scenario and the growth prospects of the folding furniture market in the US for the period 2015-2019. To calculate the market size, the report takes into consideration the revenue generated from sales of folding furniture in the residential market.
The report considers revenue generated from the following segments of the market:
- Living room furniture (sofa sets, tables, chairs, entertainment centers, side tables, shelves, and other decorative furniture)
- Bedroom furniture (beds, sofa sets, dressing tables, wardrobes, and study tables)
- Home office furniture (office tables and chairs)
- Others (furniture used in kitchens, dining rooms, and bathrooms)
The report also presents the vendor landscape and a corresponding detailed analysis of the top three vendors in the folding furniture market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
According to the report, furniture purchases are largely dependent on people's financial capacity. Similarly, the furnishing market is dependent on the housing market. Furniture and housing are considered discretionary products, the purchase of which is dependent on a person's disposable income. The US home furniture and furnishings market was in a turmoil after the 2008-2009 economic recession. During the recession, there were layoffs and tighter budgets; hence, people did not spend money on houses or furniture. However, the economy is now stabilizing and the spending capacity of end-users has increased. End-users are buying new houses, and this in turn is fueling the demand for home furniture. As traditional furniture is static and bulky, occupying a lot of space, people are starting to prefer folding furniture, thus propelling the growth of the folding furniture market in the US.
Key players in the Folding Furniture Market in the US: Dorel Industries, Lifetime Products and Meco
Other Prominent Vendors in the market are: Ashley Furniture Industries, Expand Furniture, Haworth, IKEA, La-Z-Boy, Leggett & Platt, Murphy Bed Direct and Resource Furniture
Market Driver
- Growth in Home Furniture Market
- For a full, detailed list, view our report
Market Challenge
- Shortage of Labor
- For a full, detailed list, view our report
Market Trend
- Bookniture
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 64 pages, "Folding Furniture Market in the US 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Economic Overview: US, Furniture Market in US: An Overview, Market Landscape, Market Segmentation by Product, Distribution Channel, Buying Criteria, Market Growth Drivers, Drivers and Their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and Their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/folding-furniture-market-us-2015-2019
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