At 8.2% CAGR, the North America Folding Furniture Market is projected to be worth US$ 1,460.91 million by 2030, says Business Market Insights

According to Business Market Insights 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.

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