Projeted Growth
Moderate

Growth Potential Meter

Folding Furniture Market by Product Type (Chairs, Tables, Beds, Sofas) by Application (Residential, Commercial) by Industry Analysis, Volume, Share, Growth, Challenges, Trends and Forecast 2019-2027

Number of pages: 140 | Report Code: PSMR- PSMR-007150 | Report Format : PDF

Report Coverage

Parameters Details

Base Year

2021

Historical Data

2016-2021

Forecast Data

2022-2028

Base Year Value (2021)

USD 9956.73 million

Forecast Value (2028)

USD 16093.22289 million

CAGR (2022 to 2028)

7.1 %

Regional Scope

North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

Folding Furniture Market is estimated to reach USD 15026.35 million by 2027, growing at a CAGR of 7.1 % between 2019 and 2027  


Folding furniture is a very suitable and comfortable option for people living in small places or studio apartments. It is an effective alternative for traditional furniture. The multi-functionality and space saving of this type of furniture, also enhance the decor of available space. Folding Furniture is generally used everywhere such as the, offices, hospitals, and hotels. Rapid pace of urbanization, adoption of co-living trend in the U.S., and growth in real estate market influence the folding furniture industry. In the U.S., a growing trend of millennials opting for rented apartment has been observed, who are more inclined towards affordable, multifunctional, and smaller furniture that suits their urban and dynamic lifestyles.  


On the basis of product type Folding Furniture Market is divided into product types such as: chairs, tables, beds and sofas. Amongst folding furniture product lines, sofa contributed to the largest market share. A sofa is the most popular product type as it enhances the décor of the living room. Foldable beds segment is expected grow at the highest CAGR during the forecast period. Growing adoption of the co-living trend in the US, and various bed designs such as Murphy beds, wall beds, would raise the demand in the near future. The folding furniture manufacturers are trying to cater to the metropolitan ways of life of consumers and are looking forward to adding more appealing features to furniture. To cater to the needs of consumers seeking furniture that easily get transformed from work to living mode, the market players are widening their product portfolio. Their furniture offerings are now more focused towards being light-weight, easy to tuck in, aesthetically appealing, and ergonomically contoured, thus supplementing the growth of folding furniture market.  


The major key players present in Folding Furniture Market are: Ikea, Legget & Platt, Dorel industries, Hussey seating, Lifetime product, La-Z-Boy, KI, Haworth, Quanyou, Meco corporation, BBMG Tiataan furniture, fixsteel industries, Ruku Klappmobel, Maxchief Europe, Sauder woodworking, and Qumei. The manufacturers of folding furniture are trying to cater to the metropolitan ways of life of customers and are looking forward to put more appealing features to furniture. To cater to the needs of consumers seeking furniture that easily get transformed from work to living mode, the market players are widening their product portfolio. Their furniture offerings are now more focused towards being light-weight, easy to tuck in, aesthetically appealing, and ergonomically contoured, thus supplementing the growth of folding furniture market.  


On the basis of applications, the market has been segmented as residential and non-residential. Residential sector dominates the application segment of the market and is expected to grow at the highest CAGR during the forecast period. Increasing residential construction across the globe increases the demand of the market. The non-residential segment is the top second biggest application segmentation of the market. Non-residential application segment is expected to contribute significantly during the forecast period. Folding furniture is installed in numerous sub-applications within the non-residential construction sector such as corporate offices, healthcare centres, and educational institutions. It is also installed in Cafeterias and hotels.  


Geographically, the global folding furniture market has been divided into the four major regions of North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region has accounted for the largest market share, in 2016, followed by Europe and North America. It is expected to grow at the highest CAGR during the forecast period. China, Japan, India, and Singapore are the major market in the Asia Pacific region. increasing residential and commercial construction activities in their area, are driving the growth of the market. Additionally, an increase in industrialization and urbanization also have a positive influence on the growth of the market. For example, in Beijing, the average living area for per person is only 21 square meters. Therefore, foldable furniture is the best suitable option to solve the space problem. Europe is the second-largest market for folding furniture.  


Growing population and smaller living areas in the region are governing the growth of the market. Additionally, increasing repair and rehabilitation activities of existing infrastructure and interiors, hold huge potential for the market in the coming years. North America is also a major market for folding furniture. Increasing demand for low maintenance interior products is driving the growth of the market in the North America region. The U.S. is the biggest contributor in both global and North America folding furniture market. Strong development commercial and residential structures in the U.S. are expected to fuel the demand for the market in the region. In the rest of the world, Middle East & Brazil are expected to contribute significantly during the forecast period, mainly due to lack of space, changing lifestyle, and development of the hotels in these regions.  


 Folding Furniture Market
 


Folding Furniture Market: Product Type

  • Chairs
  • Tables
  • Beds
  • Sofas

Folding Furniture Market: Application

  • Residential
  • Commercial

Folding Furniture Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Folding Furniture Market :

  • Ikea
  • legget & platt
  • dorel industries
  • hussey seatings
  • lifetime products
  • La-Z-Boy
  • KI
  • haworth
  • Quanyou
  • Meco corproration
  • BBMG Tiantan Furniture
  • Flexsteel Industries
  • RUKU Klappmobel
  • Maxchief Europe
  • Sauder Woodworking
  • Qumei

Geographical analysis of Folding Furniture Market :

  • North America
    • U.S.A.
    • Canada
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South East Asia
  • Latin America
    • Brazil
  • Middle East and Africa

Folding Furniture Market Report delivers comprehensive analysis of :

  • Market Forecast for 2019-27
  • Market growth drivers
  • Challenges and Opportunities
  • Emerging and Current market trends
  • Market player Capacity, Production, Revenue (Value)
  • Supply (Production), Consumption, Export, Import analysis
  • End user/application Analysis


Frequently Asked Questions (FAQ)


Folding Furniture Market was valued at around USD 9956.73 million in 2021 & estimated to reach USD 16093.22289 by 2028.




Folding Furniture Market is likely to grow at compounded annual growth rate (CAGR) of 7.1% between 2022 to 2028.












Yes, the report includes COVID 19 impact on the market.



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