Folding Furniture Market By Product (Table, Chair, Sofas, Bed, Others); By Distribution Channel (Offline Stores, Online Stores); By End User (Residential, Commercial); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2023-2032
Folding Furniture Market Overview
Folding furniture is more of space saving furniture which serves multiple furniture needs. This furniture owing to their space-saving benefit sand multi-purpose usages considered as a better option for small spaces. The market for folding furniture is growing constantly over the years and was totaled at a value of USD 11.8 billion in 2022. The global folding furniture market is expected to thrive at a CAGR of 3% during the forecast period to reach a valuation of USD 15.9 billion by 2032.
Folding Furniture Market Growth Drivers & Restraints
Folding furniture is gaining consumer’s attention across every region. The growing trends of compact homes are strongly backing the growth of global folding furniture market. Factors such as the rising number of nuclear families, migration of people in urban areas, and growing buyer base who want to invest in luxury & state-of-the-art amenities rather than extra unutilized space are the major driving factor of the global folding furniture market. The consumers are thinking more from a financial point of view, which in turn guide them to purchase compact homes. The folding furniture can complement compact space perfectly as they are compact in design and can be sued for multi purposes.
Strong population density in urban areas has created a huge demand for small and affordable apartments across cities. Further, rising demand for housing spaces due to rapid urbanization is expected to encourage the growth of folding furniture market in upcoming years. Due to economic fluctuations, builders are also struggling to sell expensive homes in a sluggish market. This issue is influencing home developers to opt for the concept of compact homes as housing units with smaller sizes are affordable and can be easily sold. This growing number of compact housing units is likely to foster the growth of the market in the future. Even in large spaces foldable furniture can offer benefits such as expanded living space and can also create interior design opportunity.
However, rising raw material cost and complexity issues with repairment of folding furniture are expected to restrain the growth of the market in near future.
The research offers a comprehensive analysis of folding furniture market with respect to following sub-markets:
By Product
- Table
- Chair
- Sofas
- Bed
- Others
By Distribution Channel
- Offline Stores
- Online Stores
By End User
- Residential
- Commercial
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as:
- Resource Furniture
- Expand Furniture Inc.
- Inter IKEA Systems B.V.
- Knoll Inc.
- MarMell Furniture
- Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in folding furniture market.
Timeline Considered for Analysis:
- 2022: Base Year
- 2023: Estimated Year
- 2023 to 2032: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global folding furniture market by the following segments:
- Product
- End User
- Distribution Channel
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Key Questions Answered in the Global Folding Furniture Industry Report
- What is the overall market size in 2023 ? What will be the market growth during the forecast period i.e. 2023-2032?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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- Publication date: 10th February 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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