Furniture Market Research Reports that theme of maximalist, flexibility, self care will shape homes in the new era of worldwide ergonomics and furniture designs. Due to rising home prices, apprehension from the burst house bubble, educational loan and delaying marriages- buying house is not the priority of youth. Therefore they look for furniture that could easily get accommodated in their small rented apartment and is comfortable in all sense. Furniture manufacturers may have to equip themselves with inventory of inexpensive, streamlined or multipurpose furniture to suit the situation, as multifunctional furniture is rapidly gaining popularity. Multipurpose furniture is a broad category of products that include wall beds, transforming tables, compact seating and many more.
Quality multipurpose furniture is versatile in its ability to adapt too many situations. Modular, reconfigurable elements are the driving force behind palette of creative and elegant furniture. For instance the Cortesi convertible chair bed which can be folded into lounge- chair- style bed. Its color combination and elegancy is what makes it so popular followed by the HUK table which is practically super hero consisting of table to set your coffee on, or a plucky perch for laptop or papers and there are many more multipurpose furniture walking beside changing lifestyle.
Benefits of Multipurpose Furniture
- Maximize Size: One the most important feature of multipurpose furniture is they maximize size by being folded into compact furniture piece. For instance Sofa-cum-Bed can be unfold to use it as bed and when not in use could be folded back to sofa which requires less space and is more compact and comfortable to sit on .
- Lower Cost: Hiring a contractor to make structural changes to your home will cost a lot of money. Those same changes could be accomplished with multi-functional furniture.
- Minimize Clutter: Clutter not only makes a room look smaller than it is, but it also detracts from the beauty of the room and makes it less inviting. Multi-functional furniture helps to reduce clutter by reducing the number of pieces in a room.
Furniture Industry Analysis states that Resource furniture in North America is the largest and most experienced multifunctional furnishing retailer with more than 18 years of experience are using European made furniture which cost more than Asian made furniture for high quality so that they are more reliable and last longer followed by Alibaba, multinational Chinese retailer is one of the major players in furniture industry with high range of multipurpose furniture. In India, multipurpose furniture is highly in demand through online retailers such as urban ladder, pepperfry as the ordinary furniture are expensive and not creative enough. Therefore consumers are hesitant to buy these days. The future of multipurpose furniture can easily be predicted according to recent trends of modern and inexpensive micro motors and sensors to utilize it for home and office furniture. Multipurpose furniture is more sustainable and is expected to have great market share in furniture industry in the nearby future.
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Ankur Gupta, Head Marketing & Communications