Folding Furniture Market Size Worth US$ 5.18 Billion by 2027, Globally, at 4.60% CAGR – IMARC Group

August 25 09:15 2022
Folding Furniture Market Size Worth US$ 5.18 Billion by 2027, Globally, at 4.60% CAGR - IMARC Group
Global Folding Furniture Market Size | Report Overview | Industry Growth
The global folding furniture market reached a value of US$ 3.84 Billion in 2021. It is projected to reach a value of US$ 5.18 Billion by 2027 exhibiting a CAGR of 4.60% during 2022-2027.

Folding Furniture Industry Overview : 

According to the latest report by IMARC Group, titled “Folding Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the Folding Furniture Market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global folding furniture market reached a value of US$ 3.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.18 Billion by 2027 exhibiting a CAGR of 4.60% during 2022-2027.

Folding furniture is a type of furniture that can be folded into a shape that takes up relatively less space. It is manufactured using wood, steel, plastic, and aluminum and is widely installed in small buildings and rooms for sleeping, storage, and other purposes. It is highly durable, efficient, versatile, lightweight, ergonomic, convenient, convertible, affordable, and user-friendly. Some most commonly used folding furniture includes tables, kitchen interiors, furniture, beds, desks, cabinets, and chairs. Since it is portable, compact in size, and allows optimal space usage, folding furniture finds extensive applications across residential and commercial spaces, such as offices, hospitals, and hotels.

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Covid-19 Impact Analysis:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Folding Furniture Market Trends and Drivers:

The global folding furniture market is primarily driven by the emerging trend of compact and integrated modular homes due to the increasing number of nuclear families. In addition, there has been a significant increase in the demand for personalized workspace at home owing to the implementation of remote working models amid the recent coronavirus disease (COVID–19) outbreak.

Apart from this, with changing lifestyles and rapid urbanization, the escalating demand for lightweight, minimalist, and multifunctional furniture to enhance the aesthetic appeal of the living space has accelerated the product adoption rate. Furthermore, the leading manufacturers are offering customizable folding furniture made using sustainable resources, such as plywood.

Along with this, the launch of augmented reality (AR)-based apps that allow users to test furniture in real-time by displaying a virtual three-dimensional (3D) model of products within a space is positively influencing the market growth. Other factors, including the expanding real estate sector, ongoing infrastructural development, and easy product availability via online retail channels, are also anticipated to propel the market growth.

Folding Furniture Market Report Scope

Report Coverage

Details

Market size value in 2021

US$ 3.84 Billion

Market forecast in 2027

US$ 5.18 Billion 

Growth Rate

CAGR of 4.60% from 2022 to 2027

Base year for estimation

2021

Historical data

2016-2021

Forecast period

2022-2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Test Type, Product, Application and End User

Regional scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Key companies profiled

Ashley Furniture Industries Inc., Dorel Industries Inc., Flexfurn limited, Haworth Inc. (Haworth International Ltd.), Hussey Seating Company, Inter IKEA Systems B.V. (Inter IKEA Holding B.V), Kestell Furniture LLC, La-Z-Boy Incorporated, Lifetime Products Inc., Meco Corporation, Murphy Wall Beds Hardware Inc, Nilkamal Furniture and Sauder Woodworking Company.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

 

Global Folding Furniture Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Ashley Furniture Industries Inc.

Dorel Industries Inc. (TSE: DII.B)

Flexfurn limited, Haworth Inc. (Haworth International Ltd.)

Hussey Seating Company

Inter IKEA Systems B.V. (Inter IKEA Holding B.V)

Kestell Furniture LLC

La-Z-Boy Incorporated (NYSE: LZB)

Lifetime Products Inc.

Meco Corporation

Murphy Wall Beds Hardware Inc

Nilkamal Furniture

Sauder Woodworking Company

The report has segmented the market on the basis of region, product type, distribution channel and application.

Breakup by Product Type:

  • Tables and Chairs
  • Sofas
  • Beds
  • Others  


Breakup by Distribution Channel:

  • Offline
  • Online  


Breakup by Application:

  • Residential
  • Commercial


Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa


Ask Analyst for 10% free customized Report with TOC & List of Figure: 
https://www.imarcgroup.com/folding-furniture-market

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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