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Folding Furniture Market 2022-2027 | Trends, Growth, Report

3 Mins read

The latest research study “Folding Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global folding furniture market size 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. 

Download a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/folding-furniture-market/requestsample 

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. 

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.

Folding Furniture Companies:

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. 

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: http://bit.ly/3x8ujf6

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

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.

Other Report :

Chip Resistor Market Trends 2023-2028 | Share, Global Report

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.

30 N Gould St Ste R

Sheridan, WY 82801 USA – Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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