The North America Plastic Furniture Market would witness market growth of 7.9% CAGR during the forecast period (2021-2027). The installation of modular houses and a growing number of nuclear families is extremely inclined towards simply movable furniture. Makers are involved in the manufacturing of several designs, shapes, and easy molding furniture, hence providing a broad array of products to customers to choose from.
The high demand for sustainable furniture owing to the increasing trend of go green is motivating makers to create eco-friendly furniture. In addition to it, the demand for sustainable products would be boosted by the increasing concerns about deforestation. This trend is anticipated to accelerate the demand for plastic furniture.
In nuclear families, there are compact homes wherein plastic furniture can be an ideal furniture choice. As nuclear families highly prefer portable and easily movable furniture, the demand for plastic furniture has witnessed a sharp surge in recent years. A wide range of these products and application of the consumers is because of the simplicity in shaping, designing, and molding this furniture which offers a higher scope for the purchasing of these products. These aspects are likely to drive the further development of the global plastic furniture market during the forecast period.
The increasing trend of home renting among the young generation has led to the advent of various furniture makers who are open to renting out their furniture. Growing home costs, increasing student debts, and low preference of the young generation to start a family have motivated them to put purchasing a home at a low priority among this group of population. This trend is popular in the U.S. where around 1 in 3 households’ heads rented their homes in the years 2016.
Moreover, the growing number of single-person households has resulted in a smaller home that requires multi-functional and space-saving furniture. These aspects have highly contributed to the growth of the North American plastic furniture market. Furthermore, customers’ preferences toward light-weight furniture as it is highly convenient when it comes to mobility will lead to the growth of the regional market.
The US market dominated the North America Outdoor Furniture Market by Country 2020, and would continue to be a dominant market till 2027. The Canada market is experiencing a CAGR of 11.3% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 11.1% during (2021 - 2027).
Based on Type, the market is segmented into Kitchen Furniture, Living and Dining Room Furniture, Outdoor Furniture and Bathroom Furniture. Based on End User, the market is segmented into Commercial and Residential. Based on Distribution Channel, the market is segmented into Specialty Stores, Modern Trade, E-commerce and Direct-to-customers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Plastic Furniture Market is Estimated to Reach USD 19.7 Billion by 2027 at a CAGR of 8.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cello Group, Avon Furniture Factory L.L.C, Cosmoplast Industrial Company L.L.C. (Harwal Ltd.), Keter Group B.V. (BC Partners), Nilkamal Limited, Pil Italica Lifestyle Limited (Dawood Investment Private Limited), ScanCom International A/S (Jysk A/S), The Supreme Industries Ltd., Tramontina Multi S. A., and Uma Plastics Limited.
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