Folding Furniture Market Research Report- Forecast 2030

Folding Furniture Market Information Report, By Product (Chairs, Tables, Sofas, Beds, and Other Furniture), By Application (Residential and Non-residential) and By Region - Forecast To 2030

ID: MRFR/CO/3395-HCR | February 2021 | Region: Global | 100 Pages         

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF SUPLIERS

3.1.3 BARGAINING POWER OF BUYERS

3.1.4 THREAT OF SUBSTITUTES

3.1.5 SEGMENT RIVALRY

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

5 GLOBAL FOLDING FURNITURE MARKET, BY PRODUCT

5.1 INTRODUCTION

5.2 CHAIRS

5.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.3 TABLES

5.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.4 SOFAS

5.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.5 BEDS

5.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.6 OTHERS

5.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.6.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6 GLOBAL FOLDING FURNITURE MARKET, BY APPLICATION

6.1 INTRODUCTION

6.2 RESIDENTIAL

6.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6.3 NON-RESIDENTIAL

6.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

7 GLOBAL FOLDING FURNITURE MARKET, BY REGION

7.1 INTRODUCTION

7.2 NORTH AMERICA

7.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.2.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.2.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

7.2.5 THE U.S

7.2.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.2.5.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.2.5.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

7.2.6 CANADA

7.2.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.2.6.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.2.6.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

7.3 EUROPE

7.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.3.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

7.3.5 U.K

7.3.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.5.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.3.5.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

7.3.6 GERMANY

7.3.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.6.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.3.6.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

7.3.7 FRANCE

7.3.7.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.7.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.3.7.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

7.3.8 ITALY

7.3.8.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.8.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.3.8.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

7.3.9 REST OF EUROPE

7.3.9.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.9.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.3.9.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

7.4 ASIA PACIFIC

7.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.4.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

7.4.5 CHINA

7.4.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.5.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.4.5.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

7.4.6 JAPAN

7.4.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.6.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.4.6.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

7.4.7 INDIA

7.4.7.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.7.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.4.7.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

7.4.8 REST OF ASIA PACIFIC

7.4.8.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.8.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.4.8.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

7.5 REST OF THE WORLD

7.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.5.2 MARKET ESTIMATES & FORECAST BY PRODUCT, 2020-2027

7.5.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2020-2027

8 COMPETITIVE LANDSCAPE

9 COMPANY PROFILE

9.1 RESOURCE FURNITURE

9.1.1 COMPANY OVERVIEW

9.1.2 PRODUCTS/SERVICES OFFERING

9.1.3 FINANCIAL OVERVIEW

9.1.4 KEY DEVELOPMENTS

9.1.5 STRATEGY

9.1.6 SWOT ANALYSIS

9.2 EXPAND FURNITURE

9.2.1 COMPANY OVERVIEW

9.2.2 PRODUCTS/SERVICES OFFERING

9.2.3 FINANCIAL OVERVIEW

9.2.4 KEY DEVELOPMENTS

9.2.5 STRATEGY

9.2.6 SWOT ANALYSIS

9.3 MECO CORPORATION

9.3.1 COMPANY OVERVIEW

9.3.2 PRODUCTS/SERVICES OFFERING

9.3.3 FINANCIAL OVERVIEW

9.3.4 KEY DEVELOPMENTS

9.3.5 STRATEGY

9.3.6 SWOT ANALYSIS

9.4 ASHLEY FURNITURE INDUSTRIES INC.

9.4.1 COMPANY OVERVIEW

9.4.2 PRODUCTS/SERVICES OFFERING

9.4.3 FINANCIAL OVERVIEW

9.4.4 KEY DEVELOPMENTS

9.4.5 STRATEGY

9.4.6 SWOT ANALYSIS

9.5 IKEA SYSTEMS B.V.

9.5.1 COMPANY OVERVIEW

9.5.2 PRODUCTS/SERVICES OFFERING

9.5.3 FINANCIAL OVERVIEW

9.5.4 KEY DEVELOPMENTS

9.5.5 STRATEGY

9.5.6 SWOT ANALYSIS

9.6 MURPHY BED

9.6.1 COMPANY OVERVIEW

9.6.2 PRODUCTS/SERVICES OFFERING

9.6.3 FINANCIAL OVERVIEW

9.6.4 KEY DEVELOPMENTS

9.6.5 STRATEGY

9.6.6 SWOT ANALYSIS

9.7 LA-Z-BOY INCORPORATED

9.7.1 COMPANY OVERVIEW

9.7.2 PRODUCTS/SERVICES OFFERING

9.7.3 FINANCIAL OVERVIEW

9.7.4 KEY DEVELOPMENTS

9.7.5 STRATEGY

9.7.6 SWOT ANALYSIS

9.8 FLEXFURN LTD

9.8.1 COMPANY OVERVIEW

9.8.2 PRODUCTS/SERVICES OFFERING

9.8.3 FINANCIAL OVERVIEW

9.8.4 KEY DEVELOPMENTS

9.8.5 STRATEGY

9.8.6 SWOT ANALYSIS

9.9 GOPAK LTD

9.9.1 COMPANY OVERVIEW

9.9.2 PRODUCTS/SERVICES OFFERING

9.9.3 FINANCIAL OVERVIEW

9.9.4 KEY DEVELOPMENTS

9.9.5 STRATEGY

9.9.6 SWOT ANALYSIS

9.10 NILKAMAL LIMITED

9.10.1 COMPANY OVERVIEW

9.10.2 PRODUCTS/SERVICES OFFERING

9.10.3 FINANCIAL OVERVIEW

9.10.4 KEY DEVELOPMENTS

9.10.5 STRATEGY

9.10.6 SWOT ANALYSIS

9.11 LEGGETT & PLATT, INC.

9.11.1 COMPANY OVERVIEW

9.11.2 PRODUCTS/SERVICES OFFERING

9.11.3 FINANCIAL OVERVIEW

9.11.4 KEY DEVELOPMENTS

9.11.5 STRATEGY

9.11.6 SWOT ANALYSIS

9.12 DOREL INDUSTRIES INC.

9.12.1 COMPANY OVERVIEW

9.12.2 PRODUCTS/SERVICES OFFERING

9.12.3 FINANCIAL OVERVIEW

9.12.4 KEY DEVELOPMENTS

9.12.5 STRATEGY

9.12.6 SWOT ANALYSIS

LIST OF TABLES

TABLE 1 GLOBAL FOLDING FURNITURE MARKET: BY REGION, 2020-2027

TABLE 2 NORTH AMERICA FOLDING FURNITURE MARKET: BY COUNTRY, 2020-2027

TABLE 3 EUROPE FOLDING FURNITURE MARKET: BY COUNTRY, 2020-2027

TABLE 4 ASIA PACIFIC FOLDING FURNITURE MARKET: BY COUNTRY, 2020-2027

TABLE 5 ROW FOLDING FURNITURE MARKET: BY COUNTRY, 2020-2027

TABLE 6 GLOBAL FOLDING FURNITURE MARKET, BY PRODUCT, BY REGIONS, 2020-2027

TABLE 7 NORTH AMERICA FOLDING FURNITURE MARKET, BY PRODUCT, BY COUNTRY, 2020-2027

TABLE 8 EUROPE FOLDING FURNITURE MARKET, BY PRODUCT, BY COUNTRY, 2020-2027

TABLE 9 ASIA PACIFIC FOLDING FURNITURE MARKET BY PRODUCT, BY COUNTRY, 2020-2027

TABLE 10 ROW FOLDING FURNITURE MARKET BY PRODUCT, BY COUNTRY, 2020-2027

TABLE 11 GLOBAL FOLDING FURNITURE MARKET, BY APPLICATION, BY REGIONS, 2020-2027

TABLE 12 NORTH AMERICA FOLDING FURNITURE MARKET, BY APPLICATION, BY COUNTRY, 2020-2027

TABLE 13 EUROPE FOLDING FURNITURE MARKET, BY APPLICATION, BY COUNTRY, 2020-2027

TABLE 14 ASIA PACIFIC FOLDING FURNITURE MARKET, BY APPLICATION, BY COUNTRY, 2020-2027

TABLE 15 ROW FOLDING FURNITURE MARKET, BY APPLICATION, BY COUNTRY, 2020-2027

TABLE 16 GLOBAL PRODUCT MARKET: BY REGION, 2020-2027

TABLE 17 GLOBAL APPLICATION MARKET: BY REGION, 2020-2027

TABLE 18 NORTH AMERICA FOLDING FURNITURE MARKET, BY COUNTRY

TABLE 19 NORTH AMERICA FOLDING FURNITURE MARKET, BY PRODUCT

TABLE 20 NORTH AMERICA FOLDING FURNITURE MARKET, BY APPLICATION

TABLE 21 EUROPE: FOLDING FURNITURE MARKET, BY COUNTRY

TABLE 22 EUROPE: FOLDING FURNITURE MARKET, BY PRODUCT

TABLE 23 EUROPE: FOLDING FURNITURE MARKET, BY APPLICATION

TABLE 24 ASIA PACIFIC: FOLDING FURNITURE MARKET, BY COUNTRY

TABLE 25 ASIA PACIFIC: FOLDING FURNITURE MARKET, BY PRODUCT

TABLE 26 ASIA PACIFIC: FOLDING FURNITURE MARKET, BY APPLICATION

TABLE 27 ROW: FOLDING FURNITURE MARKET, BY REGION

TABLE 28 ROW FOLDING FURNITURE MARKET, BY PRODUCT

TABLE 29 ROW FOLDING FURNITURE MARKET, BY APPLICATION

LIST OF FIGURE

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL FOLDING FURNITURE MARKET SHARE, BY PRODUCT, 2020 (%)

FIGURE 9 GLOBAL FOLDING FURNITURE MARKET, BY PRODUCT, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL FOLDING FURNITURE MARKET SHARE, BY APPLICATION, 2020 (%)

FIGURE 11 GLOBAL FOLDING FURNITURE MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

FIGURE 12 GLOBAL FOLDING FURNITURE MARKET SHARE (%), BY REGION, 2020

FIGURE 13 GLOBAL FOLDING FURNITURE MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 14 NORTH AMERICA FOLDING FURNITURE MARKET SHARE (%), 2020

FIGURE 15 NORTH AMERICA FOLDING FURNITURE MARKET BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 16 EUROPE FOLDING FURNITURE MARKET SHARE (%), 2020

FIGURE 17 EUROPE FOLDING FURNITURE MARKET BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 ASIA PACIFIC FOLDING FURNITURE MARKET SHARE (%), 2020

FIGURE 19 ASIA PACIFIC FOLDING FURNITURE MARKET BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 20 REST OF THE WORLD FOLDING FURNITURE MARKET SHARE (%), 2020

FIGURE 21 REST OF THE WORLD FOLDING FURNITURE MARKET BY COUNTRY, 2020-2027 (USD MILLION)

Folding Furniture Market

Folding furniture market is projected to be worth USD 15.97 Billion by 2030, registering a CAGR of 7.5% during the forecast period (2022 - 2030)

Segmentation

By Product Chairs Tables Sofas Beds Other Furniture
By Application Residential Non Residential

Key Players

  • IKEA
  • Ashley furniture industries inc
  • Leggett and Platt Inc
  • Dorel Industries Inc
  • Haworth Inc
  • Expand furniture
  • Murphy wall beds hardware Inc
  • Flexsteel industries Inc
  • Maxchief Europe
  • Hussy seating company

Drivers

  • The usage of folding furniture has been increased in commercial spaces
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Folding Furniture Market Synopsis


Folding furniture market is projected to be worth USD 15.97 Billion by 2030, registering a CAGR of 7.5% during the forecast period (2022 - 2030), The market was valued at USD 8.58 billion in 2021.


The usage of folding furniture is been installed in small rooms or buildings. Due to the increase in the usage of sleeping and storage. The products which are involved in the folding furniture is the chairs, tables, beds and also desks. The growth of the Folding Furniture Market Share is been increased because of the special features like the lightweight, affordable, user friendly.


COVID Analysis


The outbreak of the pandemic in the year 2020, has brought many changes to the market. due to the spread of the pandemic across the globe which has also reduced the Folding Furniture Market Value. This loss is because of the lockdown implemented by the government in many countries. To avoid the increase of positive cases in many countries, the government has advised to stay home and implemented the work from home option.


This lockdown has increased the loss due to the lack of raw materials and it also affected the economies and industries in various regions. Even the import and the export to other regions is also stopped to avoid the increase in the negative cases. Many companies are working hard to overcome the loss by increasing their sale in the future. But due to the lockdown, there were unavailable raw materials, interruptions in transportation and also even there was lack of labour.


It is expected that all these factors will be reduced once the Market Share starts to grow in the post-pandemic days.


Market Dynamics


Crucial Market drivers

The usage of the Folding Furniture Market is been increased in recent days, this growth is because the adoption of folding furniture in many countries have increased. As folding furniture can be used even in a compact space. The growth of the Folding Furniture Market Size is especially because of its nature of lightweight, easy to handle, affordable and user friendly. These are the important source that is driving the growth in the Market.


Additionally, the usage of folding furniture has been increased in commercial spaces like offices, hospitals, hotels and even also in industries. These are some of the major drivers which are focusing on the growth of the Market.


The market growth opportunities

The main growth opportunity which is developing the Folding Furniture Market Growth is the change in the lifestyle and the rising demand for integrated modular homes. Also, the rise in the demand for minimalist furniture designs is bringing growth to the Market. the rapid urbanisation in many countries is also boosting the growth opportunity of the Folding Furniture Market.


The rapid increase of folding furniture in popular cities because of owning small homes is also increasing the growth factor of the Market. Due to the less space in the apartments, folding furniture is getting famous.


The market restraints

Though there is the gradual growth of the Folding Furniture Market is been visible in recent years, there are also some factors that are hindering the growth of the Market. The factors which hinder the growth of the fluctuations in the price of the raw materials. The spread of the pandemic has caused rapid changes in the industries. So because of the demand and the unavailability of the raw materials, the price of the raw materials are unstable. Due to this, people are getting confused while purchasing the products which in turn affects the growth of the Folding Furniture Market.


The market challenge

As the benefits of using folding furniture have increased the growth of the Folding Furniture Market in recent days, which also impacted the demand for raw materials. Due to the increase in the need for folding furniture in recent days, because of its uses and the increase in the trend of compact rooms in the cities the increase in the usage of the raw materials has crossed the limit.


So to compensate for the demand the market players need to get over with a new idea to increase the manufacturing limit for the raw materials.


Cumulative growth analysis


The usage of foldable furniture has increased in recent days, so the growth in the Market Analysis has increased. This is because of the Folding Furniture Market Trends in using compact rooms in many cities. The growth of the Folding Furniture Market has increased because of the rapid increase in the population and also because of the interest among the people after looking at its benefits. Even using folding furniture in the rooms can enhance the beauty of the room because of its great finishing.


Value chain analysis


The overall Folding Furniture Market Outlook is great in recent days due to the demand in the usage. But some restraining factors hamper the growth of the Folding Furniture Market. They are the cost of the raw materials is not affordable because of the fluctuation during the spread of the pandemic. Then increase in the limit of the raw material during the pandemic which in turn brought the demand in getting the raw materials for the manufacturing of foldable furniture.


Market segment overview


By product type


  1. Chairs

  2. Tables

  3. Sofas

  4. Beds

  5. Desks

  6. Cabinets

  7. Cupboards

  8. Kitchen interiors



By material type


  1. Living room furniture

  2. Bedroom furniture

  3. Office furniture



By usage


  1. Residential

  2. Commercial



By distribution channel


  1. Speciality stores

  2. Supermarkets

  3. Online channels

  4. E-commerce sites

  5. Official sites



By region

North America – US, Canada


Latin America – Mexico, Brazil, Peru, Chile and Others


Western Europe – Germany, UK, France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg


Eastern Europe – Poland, Russia


Asia Pacific – India, Japan, China, ASEAN, Australia, New Zealand


The Middle East and Africa – GCC, Southern Africa, North Africa


Competitive landscape


The Folding Furniture Market is been getting better day by day because of the hard work and innovation of the key players. The key players are working with new ideas and techniques to develop the market. They are also planning to get through the technological advancement and product innovation which in turn can gain growth value for their company. Due to the demand which is created after the spread of the pandemic, to compensate for the demand the small and medium-sized players are collaborating and securing new contracts which can make changes in the key player’s growth. The dominating key players are IKEA and Asley furniture.


Regional analysis


The usage of the Folding Furniture Market is been increased in many regions like North America, Asia Pacific, Europe, the Middle East and Africa.


North America holds the largest position in the Market. this is because of the increase in the usage of compact rooms in many countries like the US, Canada which in turn boosts the growth of the Market.


The Asia Pacific region is expected to reach growth in the forecasting period because the growing usage of the Folding Furniture Market has increased. People in the countries like the China, India are preferring folding furniture due to the increase in the population.  


Key players



  1. IKEA

  2. Ashley furniture industries inc

  3. Leggett and Platt Inc

  4. Dorel Industries Inc

  5. Haworth Inc

  6. Expand furniture

  7. Murphy wall beds hardware Inc

  8. Flexsteel industries Inc

  9. Maxchief Europe

  10. Hussy seating company.


These are the major key players who are occupying the Folding Furniture Market Share.


Recent developments


After the spread of the pandemic, the key players are expecting the investors to support them financially, so that they can increase the manufacturing value of the foldable furniture. Due to the demand, many companies are planning to collaborate so that they can produce the product in greater numbers.


Market overview



  1. Overall growth analysis of the market

  2. Pandemic analysis

  3. Market dynamics

  4. Cumulative growth analysis

  5. Value chain analysis

  6. Market segmentation

  7. Competitive landscape

  8. Regional analysis

  9. Key players

  10. Recent updates



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: USD 15.97 Billion
  CAGR   7.5% CAGR (2022 to 2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Technology, by Application, by Material
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Folding Furniture Market include Resource Furniture (U.S.), Expand Furniture (Canada), Meco Corporation (U.S), Ashley Furniture Industries Inc. (U.S.), IKEA Systems B.V. (Sweden), Murphy Bed (U.S.), La-Z-Boy Incorporated (U.S.), Flexfurn Ltd (Belgium), Gopak Ltd (U.K.), Nilkamal Limited (India)., Leggett & Platt, Inc. (U.S.), and Dorel Industries Inc. (Canada).
  Key Market Opportunities

  • Increase in construction activities
  • Increase in industrialization
  • Rising urbanized population
  •   Key Market Drivers

  • Growing residential and non-residential construction
  • Growing population
  • Smaller living areas in region


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    Frequently Asked Questions (FAQ) :

    Global folding furniture market projected to grow at approximately 7.5% during the assessment period (2022-2030).

    On the basis of product, the foldable sofa segment and on the basis of applications, the residential sector segment holds the majority shares in the global folding furniture market.

    Increasing residential construction sector worldwide and the augmenting demand from the non-residential construction sector such as corporate offices, are the major tailwinds pushing the growth of the global folding furniture market.

    Asia Pacific holds the largest share in the global folding furniture market, followed by Europe and North America, respectively.

    Expand Furniture (Canada), Resource Furniture (U.S.), Meco Corporation (U.S), IKEA Systems B.V. (Sweden), Ashley Furniture Industries Inc. (U.S.), Murphy Bed (U.S.), Flexfurn Ltd (Belgium), La-Z-Boy Incorporated (U.S.), Gopak Ltd (U.K.), Leggett & Platt, Inc. (U.S.), Nilkamal Limited (India)., and Dorel Industries Inc. (Canada), are some of the top players operating in the global folding furniture market.