folding furniture market in the us 2015-2019
TRANSCRIPT
Covered in this Report• 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 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.
Folding Furniture Market in the US
2015-2019
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Market Overview
• 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.
• Technavio's analysts forecast the folding furniture market to grow at a CAGR of 6.47% during the period 2014-2019.
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Key Vendors and Regions
• Dorel Industries
• Lifetime Products
• Meco
• Ashley Furniture Industries
• Expand Furniture
• Haworth
• IKEA
• La-Z-Boy
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• US
Vendors Region
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Key Findings• The demographic and psychographic indicators of consumers have changed
significantly over the past few years.
• The increased penetration of wireless broadband Internet, high adoption of smartphones and tablets, and the increased use of social media have provided consumers with access to information on the go.
• This has helped consumers make informed purchasing decisions; consumers prefer using digital media and devices to obtain detailed information about various products.
• Digital media also offers more in terms of product choices.
• Ecofriendly furniture is becoming more and more popular in the US.
• Increased concerns over deforestation have fueled the demand for ecofriendly furniture.
• Environmental degradation and depleting forests have encouraged furniture manufacturers to adopt greener production methods.
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Key Questions Answered in Our 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?
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Folding Furniture Market in the US 2015-2019
67 Pages | SKU: IRTNTR6270
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