North America Folding Furniture Market Size, Share & Trends Analysis Report By Product (Table & Chair, Sofa, Bed, and Others), By Distribution Channel (Offline, and Online), By Country and Growth Forecast, 2023 - 2030
The North America Folding Furniture Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 4,348.8 thousand units, showcasing a growth of 5.7% (2019-2022).
Innovations in materials, manufacturing techniques, and design technologies have enhanced the functionality and aesthetics of folding furniture. Advanced engineering allows for creating sturdy, lightweight, and visually appealing folding solutions. Economic aspects, such as fluctuations in disposable income and consumer spending patterns, impact the affordability and adoption of folding furniture. Products that strike a proportion between cost-effectiveness and quality will likely gain traction in the market. The folding furniture market is characterized by dynamic trends that reflect evolving consumer preferences, design innovations, and industry developments. Understanding these tendencies is crucial for stakeholders seeking to guide the competitive landscape and capitalize on emerging opportunities.
Integrating smart technologies, such as IoT (Internet of Things), is an emerging trend in folding furniture design. Smart folding solutions with sensors, connectivity, and automation offer enhanced user convenience and customization options. Sustainable practices have become a focal point in the design and manufacturing of folding furniture. The use of recyclable materials, eco-friendly finishes, and sustainable sourcing of resources contribute to the overall appeal of folding furniture among environmentally conscious consumers. Collaborations between furniture manufacturers, designers, and technology companies foster cross-industry partnerships. Such collaborations aim to create innovative and aesthetically pleasing folding furniture solutions that cater to diverse consumer needs. The trend towards multifunctional design continues to influence folding furniture concepts. Products that serve various purposes are gaining popularity for their versatility.
North American consumers are increasingly conscious of sustainability. Folding furniture, often designed with efficient use of materials and space in mind, resonates with environmentally conscious individuals seeking eco-friendly and resource-efficient solutions. As a result, these aspects will boost the market growth in the coming years.
The US market dominated the North America Folding Furniture Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,076.8 Million by 2030. The Canada market is experiencing a CAGR of 7.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.9% during (2023 - 2030).
Based on Product, the market is segmented into Table & Chair, Sofa, Bed, and Others. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Sauder woodworking Co.
- Ashley Furniture Industries, LLC
- Haworth, Inc.
- Inter Ikea Systems B.V. (Inter Ikea Holding B.V)
- Lifetime Products
- Meco Corporation (Unaka Corporation
- Expand Furniture Inc
- Murphy Wall Beds Hardware Inc.
- Dorel Industries Inc.
- Resource Furniture
By Product (Volume, Thousand Units, USD Billion, 2019-2030)
- Table & Chair
- Sofa
- Bed
- Others
- Offline
- Online
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Folding Furniture Market, by Product
- 1.4.2 North America Folding Furniture Market, by Distribution Channel
- 1.4.3 North America Folding Furniture Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. North America Folding Furniture Market by Product
- 4.1 North America Table & Chair Market by Country
- 4.2 North America Sofa Market by Country
- 4.3 North America Bed Market by Country
- 4.4 North America Others Market by Country
- Chapter 5. North America Folding Furniture Market by Distribution Channel
- 5.1 North America Offline Market by Country
- 5.2 North America Online Market by Country
- Chapter 6. North America Folding Furniture Market by Country
- 6.1 US Folding Furniture Market
- 6.1.1 US Folding Furniture Market by Product
- 6.1.2 US Folding Furniture Market by Distribution Channel
- 6.2 Canada Folding Furniture Market
- 6.2.1 Canada Folding Furniture Market by Product
- 6.2.2 Canada Folding Furniture Market by Distribution Channel
- 6.3 Mexico Folding Furniture Market
- 6.3.1 Mexico Folding Furniture Market by Product
- 6.3.2 Mexico Folding Furniture Market by Distribution Channel
- 6.4 Rest of North America Folding Furniture Market
- 6.4.1 Rest of North America Folding Furniture Market by Product
- 6.4.2 Rest of North America Folding Furniture Market by Distribution Channel
- Chapter 7. Company Profiles
- 7.1 Sauder woodworking Co.
- 7.1.1 Company Overview
- 7.1.2 SWOT Analysis
- 7.2 Ashley Furniture Industries, LLC
- 7.2.1 Company Overview
- 7.2.2 SWOT Analysis
- 7.3 Haworth, Inc.
- 7.3.1 Company Overview
- 7.3.2 SWOT Analysis
- 7.4 Lifetime Products
- 7.4.1 Company Overview
- 7.4.2 Recent strategies and developments:
- 7.4.2.1 Partnerships, Collaborations, and Agreements:
- 7.4.3 SWOT Analysis
- 7.5 Expand Furniture Inc
- 7.5.1 Company Overview
- 7.5.2 SWOT Analysis
- 7.6 Murphy Wall Beds Hardware Inc.
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 Resource Furniture
- 7.7.1 Company Overview
- 7.7.2 Recent strategies and developments:
- 7.7.2.1 Product Launches and Product Expansions:
- 7.7.3 SWOT Analysis
- 7.8 Inter IKEA Systems B.V. (Inter IKEA Holding B.V.)
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Regional Analysis
- 7.8.4 Recent strategies and developments:
- 7.8.4.1 Product Launches and Product Expansions:
- 7.8.5 SWOT Analysis
- 7.9 Meco Corporation (Unaka Corporation)
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. Dorel Industries, Inc.
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expense
- 7.10.5 SWOT Analysis
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