The Global Folding Furniture Market Report, in its latest update, highlights the significant impacts and the recent strategical changes under the present socio-economic scenario. The Folding Furniture industry growth avenues are deeply supported by exhaustive research by the top analysts of the industry. The report starts with the executive summary, followed by a value chain and marketing channels study. The report then estimates the CAGR and market revenue of the global and regional segments.
- Base Year: 2021
- Estimated Year: 2022
- Forecast Till: 2028
The report classifies the market into different segments based on type and product. These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels. The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.
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A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Folding Furniture market. The impact is closely studied in terms of production, import, export, and supply.
The report covers the complete competitive landscape of the Worldwide Folding Furniture market with company profiles of key players such as:
- Ashley Furniture Industries
- Bush Industries Inc.
- Dorel Industries Inc.
- Expand Furniture
- Flexsteel Industries Inc.
- Haworth Inc.
- Home Depot Inc.
- Inter Ikea Systems B.V.
- La-Z-Boy Inc.
- Leggett & Platt Inc.
- Lifetime Products Inc.
- Meco Corporation
- Murphy Wall Beds Hardware Inc.
- Resource Furniture
- Sauder Woodworking Company.
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Folding Furniture Market Analysis by Product Type:
- Chairs
- Tables
- Sofas
- Beds
- Other Furniture
Folding Furniture Market Analysis by Application:
- Residential
- Commercial
Folding Furniture Market Analysis by Geography:
- North America (USA, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, South-East Asia, Rest of Asia-Pacific)
- Latin America (Brazil, Argentina, Peru, Chile, Rest of Latin America)
- The Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa, Rest of the Middle East and Africa)
Key questions answered in the report:
- What is the expected growth of the Folding Furniture market between 2022 to 2028?
- Which application and type segment holds the maximum share in the Global Folding Furniture market?
- Which regional Folding Furniture market shows the highest growth CAGR between 2022 to 2028?
- What are the opportunities and challenges currently faced by the Folding Furniture market?
- Who are the leading market players and what are their Strengths, Weakness, Opportunities, and Threats (SWOT)?
- What business strategies are the competitors considering to stay in the Folding Furniture market?
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The global folding furniture market size is anticipated to reach USD 4.8 billion by 2025, according to a new report by Radiant Insights, Inc., expanding at a CAGR of 6.5% over the forecast period.
Increasing demand for space saving and flexible furniture and growing inclination towards compact and multi-purpose products by the millennials are some of the factors driving the demand for the global market.
Shifting trend towards shrinking apartment size as a result of increasing population and rapid urbanization has resulted in significant acceptance of these furniture.
According to Tokyo Kantei, in 2017, the average size of a new apartment in Tokyo was 680 sq.ft and a size of 647 sq.
ft. for an existing apartment.
In terms of product, table and chair held a dominant market share in 2018.
This has caused a significant space crunch as more people are now moving to cities for a better lifestyle.
Folding furniture sector understands better the idea of space economization and is driven by cost-effective measures which are gaining popularity.
These folding furniture are luring in more clients such as taking less space than the conventional ones and often are multi-purpose.
The global folding furniture market is eyeing for a 5.8% CAGR during the forecast period (2017-2023), reveals Market Research Future (MRFR) in a detailed report.The report in its discussion has covered major factors such as customer-centric outlook of the manufacturers and eco-friendly approaches.
In sync, the demand for eco-friendly methods is growing that is why multi-functional furniture has emerged as a new interior decoration rage.
Residential segment is generating the maximum market share and is expected to dominate the market during the forecast period as well.Regional Analysis:Geographically, the global folding furniture market can be segmented namely by four major regions of North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).The APAC region dominated the market in 2016, with Europe and North America coming second and third respectively.
