DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rfszzx/folding_furniture) has announced the addition of the "Folding Furniture Market in the US 2015-2019" report to their offering.
The folding furniture market is to grow at a CAGR of 6.47% during the period 2014-2019.
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.
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.
Further, the report states that fluctuations in the cost of raw materials and assembly components for making furniture is curtailing market growth.
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)
Key Vendors
- Dorel Industries
- Lifetime Products
- Meco
Other Prominent Vendors
- Ashley Furniture Industries
- Expand Furniture
- Haworth
- IKEA
- La-Z-Boy
- Leggett & Platt
- Murphy Bed Direct
- Resource Furniture
For more information visit http://www.researchandmarkets.com/research/rfszzx/folding_furniture
