The Folding Furniture Market is segmented by Product (Table & Chair, Sofa, Bed, Others), by Application (Residential, Non-Residential), by Distribution Channel (Online, Offline), andby Region (North America, Europe, Asia-Pacific, and Rest of the World).
The Folding Furniture Market is segmented by Product (Table & Chair, Sofa, Bed, Others), by Application (Residential, Non-Residential), by Distribution Channel (Online, Offline), and ...
The Global Folding Furniture Market was estimated at US$ 3.2 billion in 2020 and is expected to grow at a healthy CAGR of 5.5% during 2021-2026 to reach US$ 4.4 billion by 2026.
Folding furniture refers to versatile pieces designed with hinges or joints that enable them to be easily folded, collapsed, or compactly transformed for convenient storage and transport. This adaptable furniture is especially popular in spaces where flexibility and efficient use of space are essential, such as small apartments, offices, or outdoor settings.
Common examples include folding tables, chairs, and beds. The design allows for quick setup or stowing away, making it practical for temporary needs or when space optimization is crucial. Folding furniture is valued for its space-saving capabilities and portability, offering a flexible solution for dynamic living environments and diverse functional requirements.
Market Dynamics
The factors driving the growth of the global folding furniture market-
The usage of folding furniture helps to improve the aesthetic appeal of the home or commercial space.
Increasing emphasis on the manufacturing of compact houses is likely to boost product demand.
Growing preference for folding sofas that can be used as the bed is driving the product demand.
The shift in trend towards small-size apartments due to the rising populace and growing urbanization is expected to propel the market growth.
Additionally, an increase in the number of one-person or two-person households is likely to fuel the demand for multifunctional furniture products and thus, folding furniture.
Segments Analysis
End-User Trends
The market has been divided into residential and non-residential.
The residential segment accounted for the largest share and is projected to grow at a significant CAGR during the forecast period.
Increasing residential construction across geographies is driving the segment growth.
Increasing usage of folding furniture such as chairs and sofas at commercial spaces such as offices, educational institutes, and healthcare facilities is likely propelling the market growth.
Regional Trends
Asia-Pacific held the largest market share during the forecast period.
This can be attributed to the growing demand for space-saving furnishing products.
The market growth in the Asia-Pacific region is primarily driven by high product demand in countries such as India, Japan, and Hong Kong.
Increasing preference for one or two-person households in the US is likely to drive market growth in the North American region.
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Key Players
The key players operating in the global folding furniture market are
The market growth was affected when governments across the world imposed lockdowns which resulted in trade restrictions and supply chain disruptions. Many market players had to shut their production spaces. However, with the lift of the lockdown, the demand for furniture products such as tables and chairs increased significantly, particularly for students and office employees.
Critical queries answered in this report-
What are the key trends in the global folding furniture market?
How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
What is the impact of COVID-19 on the global folding furniture market?
What are the key strategies adopted by the major vendors to lead in the global folding furniture market?
What is the market share of the top vendors?
Target Audience
Here is the list of the group of customers that the folding furniture market hopes to have the greatest opportunity to convert-
Manufacturers
Suppliers
Distributors
Organizations
Government bodies
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Folding Furniture Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Who are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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Detailed profiling of additional market players (up to three players).
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Resource Furniture (The U.S.), Expand Furniture (Canada), Inter IKEA Systems B.V. (Netherlands), MECO CORPORATION (The U.S.), La-Z-Boy Inc. (The U.S.), Murphy Wall Beds Hardware Inc. (The U.S.), Nilkamal Limited (India), Flexfurn Ltd (UK), Dorel Industries Inc. (Canada), Leggett & Platt (The U.S.) and ASHLEY FURNITURE INDUSTRIES INC. (The U.S.) are among the key players in the folding furniture market.
Folding furniture distributors, Folding furniture suppliers, Logistics organizations, and Government Bodies are the target audience in the folding furniture market.