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Global Multifunctional Sofa Market By Type, By Application, By Region and Key Companies - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021 – 2025

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Global Multifunctional Sofa Market By Type, By Application, By Region and Key Companies - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021 – 2025

Multifunctional Sofa Market is expected to grow at an annual average of 6.8% from 2020 to 2025, reaching $13 billion in 2025.

Multifunctional Sofa is a type of sofa that is versatile and can adapt to smaller spaces and fulfill multiple user needs. Multifunctional Sofa is also popularly known as multi-purpose Sofa, space-saving Sofa, or transformable Sofa. Modular and reconfigurable designs of these furniture not only offer functional benefits but also enhance décor of the room.

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The key players mentioned are Hanssem, Aria Furniture, Muse Furniture, Man Wah Holdings, La-Z-Boy, Natuzzi Editions, Ashley Furniture, Qumei Investment AS(Ekornes).

By Type, Multifunctional Sofa has been segmented into:

  • Push-pull
  • Folding

By Application, Multifunctional Sofa has been segmented into:

  • Furniture and Furnishings Stores
  • Supermarkets
  • Others

Regions and Countries Level Analysis:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
  • Asia-Pacific (China, India, Japan, Southeast Asia etc.)
  • South America (Brazil, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, South Africa etc.)

The adoption of folding furniture is increasing in Tokyo, Beijing, New York and Delhi, the most populous cities of the world. To increase the number of smaller houses. This furniture category takes into account the economics of the space and demand is expected to gain popularity among customers during the forecast period.

Increasing trend of downsizing in apartments is a key factor driving the demand for multifunctional Sofa that are not only ingenious in their functionality but are also stylish. Myriad innovative and functional Sofa are available in the market, and a shift in preference toward such furniture among the millennial generation is anticipated to further encourage manufacturers to design and innovate more ergonomic multi-functional furniture.

The various factors supporting the growth trend of the Multifunctional Sofa Market have been studied for a long time in the report. The report also lists constraints threatening the global market. In this context, the report offers high applicability to both new entrants to the global market as well as successful new entrants to this market for a considerable period of time.

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