North America Folding Furniture Market Forecast to 2030
North America Folding Furniture Market Forecast to 2030 – Regional Analysis – By Product Type (Tables, Chairs, Sofas and Beds, and Others), Material (Wood, Metal, and Plastic), Application (Residential, Commercial, and Others), and Distribution Channel (Online and Offline)
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Description
Rapid Urbanization Along with Growing Residential Sector Fuel North America Folding Furniture Market
The real estate sector has witnessed high growth in recent times with rapid urbanization, structural economic changes, and shifts in consumer living patterns. Rapid urbanization brings about dynamic living situations, with residential spaces often serving multiple purposes. Significant growth in the real estate & residential sector is attributed to the population rise and high demand for better living spaces. The prices of residential properties have risen considerably, leading to a reduction in home sizes. As available space is smaller, consumers prefer compact furnishings that efficiently suit the available space and requirements. Hence, the adoption of multi-functional folding furniture has gained traction in the recent past. The necessity to save and effectively utilize space while enhancing aesthetics has gained prominence. Rising preference toward economical, portable, and appealing furnishing, coupled with a willingness to spend on aesthetic furniture properties, strongly supports the growth of the folding furniture industry for the residential segment. Hence, it has ultimately pushed investments in better and advanced variants of folding furniture across the world. The shift in consumer spending toward better living, backed by a rise in per capita and disposable income, has augmented the North America folding furniture market growth. Furthermore, a growing interest in traveling is also driving the North America folding furniture market growth.
North America Folding Furniture Market Overview
The folding furniture market in North America is sub segmented into the US, Canada, and Mexico. Consumer goods companies operating in the region are continuously enhancing the overall business processes to meet the rising customer demands in the best possible way. A large number of domestic and international companies have a strong foothold in the region. A few of the key folding furniture market players operating in North America are Ashley Furniture Industries; Bush Industries, Inc.; Kestell Furniture LLC; Haworth Inc.; La-Z-Boy Inc.; Meco Corporation; Sauder Woodworking Company; Atlas Industries; Table-Mate USA, LLC; Plastic Development Group; Leggett & Platt, Inc.; and Murphy Wall Beds Hardware Inc.
The demand for folding furniture is high in North American countries owing to the popular practice of arranging family gatherings and dinners at residential places, the growing trend of developing garden areas in offices, and the increasing focus on the growth of recreational centers. Rising disposable income, urbanization, and changing lifestyles further favor the folding furniture market progress. A strong focus on investments in the construction and real estate sectors further benefits the market.
The construction industry is one of the major contributors to the overall economy of North America. It is rapidly developing due to the robust economies of countries such as the US and Canada and increased federal and state financing for public works and institutional structures. Rapid development and urbanization are also propelling the North America folding furniture market.
According to the Associated General Contractors of America (AGC), the US construction industry annually creates US$ 1.4 trillion worth of structures. Thus, flourishing construction activities due to the increasing population and rapidly growing commercial sector across the region drive the North America folding furniture market.
Key manufacturers in the region focus on developing innovative and stylish folding furniture to attract new customers in the market. Moreover, consumers are willing to spend premium prices on folding furniture products to improve the aesthetics of their living places. Besides this, manufacturers in the region are investing high amounts in the research and development of folding furniture, which is expected to boost the folding furniture market in North America in the near future.
North America Folding Furniture Market Revenue and Forecast to 2030 (US$ Million)
North America Folding Furniture Market Segmentation
The North America folding furniture market is segmented into product type, material, application, and distribution channel.
Based on product type, the North America folding furniture market is segmented into tables, chairs, sofas and beds, and others. The sofas and beds segment held a larger share of the North America folding furniture market in 2023.
Based on material, the North America folding furniture market is segmented into wood, metal, and plastic. The wood segment held a larger share of the North America folding furniture market in 2023.
Based on application, the North America folding furniture market is segmented into residential, commercial, and others. The residential segment held the largest share of the North America folding furniture market in 2023.
Based on distribution channel, the North America folding furniture market is segmented into online and offline. The offline held the largest share of the North America folding furniture market in 2023.
Based on country, the North America Folding Furniture Market is segmented int o, The US, Canada, and Mexico. The US dominated the share of the North America Folding Furniture Market in 2023.
Leggett & Platt Inc, Ashley Furniture Industries LLC, Inter IKEA Holding BV, Hussey Seating Co, Sauder Manufacturing Co, Meco Corp, and Dorel Industries Inc are some of the leading companies operating in the North America folding furniture market.
Summary Info
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According to the research team’ research, the North America folding furniture market was valued at US$ 842.32 million in 2023 and is expected to reach US$ 1,460.91 million by 2030, registering a CAGR of 8.2% from 2023 to 2030. Rising demand for portable, multi-functional, and rapid urbanization along with growing residential sector are the critical factors attributed to the North America folding furniture market expansion.
Folding furniture can save space as it is quite flexible and can be easily folded or compacted in a small-sized room or apartment. In addition, folding furniture is considered under lightweight and easily deployable structures that can be transformed into various configurations easily and effectively. Hence, the demand for folding furniture is quite high among consumers. With rapid advancements backed by strong research activities and rising consumer demand for aesthetics and comfort, manufacturers are developing innovative concepts such as paper folding furniture and furniture involving pop-up architectures. Folding furniture often incorporates multi-functional designs, combining multiple uses in a single piece. For instance, a folding table can be used as a dining table, work desk, or even storage unit when not in use. This versatility appeals to consumers seeking furniture that can adapt to various needs and spaces, reducing the need for multiple pieces of furniture.
Consumers seek inspiring folding furniture designs that exude relaxation, luxury, and comfort. Moreover, increasing single unit households and construction of low-cost apartments with limited space have increased the adoption of folding furniture. Further, the demand for customized or contemporary furniture designs has increased considerably due to the growing preference for durable furniture that have a luxurious and stylish appearance. All such factors are expected to propel the overall North America folding furniture market growth.
On the contrary, high cost of raw material hampers the North America folding furniture market.
Based on product type, the North America folding furniture market is segmented into tables, chairs, sofas and beds, and others. The sofas and beds segment held 33.4% share of North America folding furniture market in 2023, amassing US$ 281.20 million. It is projected to garner US$ 534.78 million by 2030 to expand at 9.6% CAGR during 2023-2030.
Based on material, the North America folding furniture market is segmented into wood, metal, and plastic. The wood segment held 50.7% share of North America folding furniture market in 2023, amassing US$ 427.16 million. It is projected to garner US$ 710.11 million by 2030 to expand at 7.5% CAGR during 2023-2030.
Based on application, the North America folding furniture market is segmented into residential, commercial, and others. The residential segment held 50.0% share of North America folding furniture market in 2023, amassing US$ 421.49 million. It is projected to garner US$ 741.13 million by 2030 to expand at 8.4% CAGR during 2023-2030.
Based on distribution channel, the North America folding furniture market is bifurcated online and offline. The offline segment held 62.6% share of North America folding furniture market in 2023, amassing US$ 526.94 million. It is projected to garner US$ 881.81 million by 2030 to expand at 7.6% CAGR during 2023-2030.
Based on country, the North America folding furniture market has been categorized into the US, Canada, and Mexico. Our regional analysis states that US captured 74.6% share of North America folding furniture market in 2023. It was assessed at US$ 628.35 million in 2023 and is likely to hit US$ 1,109.35 million by 2030, exhibiting a CAGR of 8.5% during the forecast period.
Key players operating in the North America folding furniture market are Leggett & Platt Inc, Ashley Furniture Industries LLC, Inter IKEA Holding BV, Hussey Seating Co, Sauder Manufacturing Co, Dorel Industries Inc, and Meco Corp, among others.
In 2021, Leggett & Platt Inc acquired a Small U.S. textiles business that converts and distributes construction fabrics for the furniture and bedding industries.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America Folding Furniture Market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in North America Folding Furniture Market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Folding Furniture Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
5. North America Folding Furniture Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Portable, Multi-Functional, and Space-Saving Furniture
5.1.2 Rapid Urbanization Along with Growing Residential Sector
5.2 Market Restraints
5.2.1 High Cost of Raw Material
5.3 Market Opportunities
5.3.1 Rapid Advancements in Folding Furniture
5.4 Future Trends
5.4.1 Adoption of Eco-Friendly Materials
5.5 Impact of Drivers and Restraints:
6. North America Folding Furniture Market – Market Analysis
6.1 North America Folding Furniture Market Revenue (US$ Mn), 2020 – 2030
6.2 North America Folding Furniture Market Forecast and Analysis
7. North America Folding Furniture Market Analysis – By Product Type
7.1 North America Folding Furniture Market Forecasts and Analysis, By Product Type
7.2 Tables
7.2.1 Overview
7.2.2 North America Folding Furniture Market Revenue and Forecast to 2030- By Tables (US$ Mn)
7.3 Chairs
7.3.1 Overview
7.3.2 North America Folding Furniture Market Revenue and Forecast to 2030- By Chairs (US$ Mn)
7.4 Sofas and Beds
7.4.1 Overview
7.4.2 North America Folding Furniture Market Revenue and Forecast to 2030- By Sofas and Beds (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 North America Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
8. North America Folding Furniture Market Analysis – By Material
8.1 North America Folding Furniture Market Forecasts and Analysis- By Material
8.2 Wood
8.2.1 Overview
8.2.2 North America Folding Furniture Market Revenue and Forecast to 2030- By Wood (US$ Mn)
8.3 Metal
8.3.1 Overview
8.3.2 North America Folding Furniture Market Revenue and Forecast to 2030- By Metal (US$ Mn)
8.4 Plastic
8.4.1 Overview
8.4.2 North America Folding Furniture Market Revenue and Forecast to 2030- By Plastic (US$ Mn)
9. North America Folding Furniture Market Analysis – By Application
9.1 North America Folding Furniture Market Forecasts and Analysis- By Application
9.2 Residential
9.2.1 Overview
9.2.2 North America Folding Furniture Market Revenue and Forecast to 2030- By Residential (US$ Mn)
9.3 Commercial
9.3.1 Overview
9.3.2 North America Folding Furniture Market Revenue and Forecast to 2030- By Commercial (US$ Mn)
9.4 Others
9.4.1 Overview
9.4.2 North America Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
10. North America Folding Furniture Market Analysis – By Distribution Channel
10.1 North America Folding Furniture Market Forecasts and Analysis- By Distribution Channel
10.2 Online
10.2.1 Overview
10.2.2 North America Folding Furniture Market Revenue and Forecast to 2030- By Online (US$ Mn)
10.3 Offline
10.3.1 Overview
10.3.2 North America Folding Furniture Market Revenue and Forecast to 2030- By Offline (US$ Mn)
11. North America Folding Furniture Market – Country Analysis
11.1 Overview
11.1.1 North America Folding Furniture Market Revenue and Forecasts, by Key Countries (2022 and 2030) ( US$ Mn)
11.1.1.1 US Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.1.1 US Folding Furniture Market Breakdown by Product Type
11.1.1.1.2 US Folding Furniture Market Breakdown by Material
11.1.1.1.3 US Folding Furniture Market Breakdown by Application
11.1.1.1.4 US Folding Furniture Market Breakdown by Distribution Channel
11.1.1.2 Canada Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.2.1 Canada Folding Furniture Market Breakdown by Product Type
11.1.1.2.2 Canada Folding Furniture Market Breakdown by Material
11.1.1.2.3 Canada Folding Furniture Market Breakdown by Application
11.1.1.2.4 Canada Folding Furniture Market Breakdown by Distribution Channel
11.1.1.3 Mexico Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.3.1 Mexico Folding Furniture Market Breakdown by Product Type
11.1.1.3.2 Mexico Folding Furniture Market Breakdown by Material
11.1.1.3.3 Mexico Folding Furniture Market Breakdown by Application
11.1.1.3.4 Mexico Folding Furniture Market Breakdown by Distribution Channel
12. Pre & Post Covid-19 Impact
12.1 Pre & Post Covid-19 Impact
13. North America Folding Furniture Market Industry Landscape
13.1 Overview
13.2 Merger and Acquisitions
13.3 Partnerships
14. North America Folding Furniture Market, Key Company Profiles
14.1 Leggett & Platt Inc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Ashley Furniture Industries LLC
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Inter IKEA Holding BV
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Hussey Seating Co
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Sauder Manufacturing Co
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Meco Corp
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Dorel Industries Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
15. Appendix
15.1 Appendix
LIST OF TABLES
Table 1. North America Folding Furniture Market Segmentation
Table 2. North America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Table 3. US Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 4. US Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 5. US Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 6. US Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 7. Canada Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 8. Canada Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 9. Canada Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 10. Canada Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 11. Mexico Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 12. Mexico Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 13. Mexico Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 14. Mexico Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
LIST OF FIGURES
Figure 1. North America Folding Furniture Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: North America Folding Furniture Market
Figure 4. North America Folding Furniture Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. North America Folding Furniture Market Revenue (US$ Mn), 2020 – 2030
Figure 7. North America Folding Furniture Market Share (%) – By Product Type, 2022 and 2030
Figure 8. North America Folding Furniture Market Revenue and Forecast to 2030- By Tables (US$ Mn)
Figure 9. North America Folding Furniture Market Revenue and Forecast to 2030- By Chairs (US$ Mn)
Figure 10. North America Folding Furniture Market Revenue and Forecast to 2030- By Sofas and Beds (US$ Mn)
Figure 11. North America Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
Figure 12. North America Folding Furniture Market Share (%) – By Material, 2022 and 2030
Figure 13. North America Folding Furniture Market Revenue and Forecast to 2030- By Wood (US$ Mn)
Figure 14. North America Folding Furniture Market Revenue and Forecast to 2030- By Metal (US$ Mn)
Figure 15. North America Folding Furniture Market Revenue and Forecast to 2030- By Plastic (US$ Mn)
Figure 16. North America Folding Furniture Market Share (%) – By Application, 2022 and 2030
Figure 17. North America Folding Furniture Market Revenue and Forecast to 2030- By Residential (US$ Mn)
Figure 18. North America Folding Furniture Market Revenue and Forecast to 2030- By Commercial (US$ Mn)
Figure 19. North America Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
Figure 20. North America Folding Furniture Market Share (%) – By Distribution Channel, 2022 and 2030
Figure 21. North America Folding Furniture Market Revenue and Forecast to 2030- By Online (US$ Mn)
Figure 22. North America Folding Furniture Market Revenue and Forecast to 2030- By Offline (US$ Mn)
Figure 23. North America Folding Furniture Market Breakdown by Country, (2022) (US$ Million)
Figure 24. North America Folding Furniture Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 25. US Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. Canada Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. Mexico Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – North America Folding Furniture Market
o Leggett & Platt Inc
o Ashley Furniture Industries LLC
o Inter IKEA Holding BV
o Hussey Seating Co
o Sauder Manufacturing Co
o Meco Corp
o Dorel Industries Inc
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