Market Trends of Urban/Street Furniture Industry
Demand For Eco-friendly Furniture Drives The Market
The rise in consumer preference for eco-friendly furniture made of bamboo in developing countries such as the United States, Canada, Mexico, and Cuba is due to the increased demand for eco-friendly furniture in the region. The popularity of eco-friendly furniture grew due to the vendors offering good quality furniture made up of eco-friendly products. Also, several non-profit associations have introduced instructions for manufacturers and suppliers to help ensure that business activities promote health, environmental equilibrium, and human well-being. Therefore, increasing demand for eco-friendly furniture will encourage the growth of the urban/street furniture market.
North America Dominates The Market
North America dominates the market due to the increased focus on urban development and high disposable income. The key participants of the market include manufacturers, suppliers, and distributors. The integration of smart features like IoT connectivity, and sensor-based functionalities of street furniture increased the demand in the market. Manufacturers in North America produce sustainable designs of furniture made of environmentally friendly materials and energy-efficient solutions. Street furniture designs can be customized, adaptable, and easy to reconfigure. Thus, these features of street furniture increase the growth of the market in the North America.
