The global folding furniture market size reached US$ 4.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 5.2 Billion by 2028, exhibiting a CAGR of 4.47% during 2022-2028.
Folding furniture is installed in small rooms or buildings for various purposes, such as sleeping and storage. It involves movable articles, such as chairs, tables, beds, desks, cabinets, cupboards, and kitchen interiors, which are durable, ergonomic, convenient, convertible, affordable, lightweight, and user-friendly. It is manufactured using wood, steel, plastic, and aluminum and is available in a wide variety of aesthetically appealing styles and finishes that take minimal space. Nowadays, manufacturers are offering an innovative range of multi-purpose furniture with improved aesthetics, functionality, comfort, and storage capacities.
2. What is the expected growth rate of the global folding furniture market during 2023-2028?
3. What has been the impact of COVID-19 on the global folding furniture market?
4. What are the key factors driving the global folding furniture market?
5. What is the breakup of the global folding furniture market based on the product type?
6. What is the breakup of the global folding furniture market based on the distribution channel?
7. What is the breakup of the global folding furniture market based on the application?
8. What are the key regions in the global folding furniture market?
9. Who are the key players/companies in the global folding furniture market?
Folding furniture is installed in small rooms or buildings for various purposes, such as sleeping and storage. It involves movable articles, such as chairs, tables, beds, desks, cabinets, cupboards, and kitchen interiors, which are durable, ergonomic, convenient, convertible, affordable, lightweight, and user-friendly. It is manufactured using wood, steel, plastic, and aluminum and is available in a wide variety of aesthetically appealing styles and finishes that take minimal space. Nowadays, manufacturers are offering an innovative range of multi-purpose furniture with improved aesthetics, functionality, comfort, and storage capacities.
Folding Furniture Market Trends:
Due to the global spread of the coronavirus disease (COVID-19) and lockdown measures implemented by governing agencies of numerous countries, businesses around the world have shifted to remote working models. This represents one of the key factors augmenting the need for folding office furniture as it helps in creating a personalized working space at home. Moreover, the significant growth in the real estate sector is positively influencing the demand for folding furniture in residential and commercial establishments. Apart from this, the rising trend of compact and integrated modular homes due to the increasing number of nuclear families is contributing to the market growth. This can also be attributed to the escalating demand for minimalist furniture designs on account of changing lifestyles and rapid urbanization. Furthermore, leading players are offering customized furniture products via online retail channels. They are also launching augmented reality (AR) based apps that allow customers to test products in real-time by providing a virtual three-dimensional (3D) model of furnishing within a space. This, in confluence with the thriving e-commerce industry, is anticipated to strengthen the growth of the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global folding furniture market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.Key Questions Answered in This Report
1. What was the size of the global folding furniture market in 2022?2. What is the expected growth rate of the global folding furniture market during 2023-2028?
3. What has been the impact of COVID-19 on the global folding furniture market?
4. What are the key factors driving the global folding furniture market?
5. What is the breakup of the global folding furniture market based on the product type?
6. What is the breakup of the global folding furniture market based on the distribution channel?
7. What is the breakup of the global folding furniture market based on the application?
8. What are the key regions in the global folding furniture market?
9. Who are the key players/companies in the global folding furniture market?
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Folding Furniture Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Tables and Chairs
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Sofas
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Beds
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Offline
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Online
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Ashley Furniture Industries Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Dorel Industries Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Flexfurn limited
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Haworth Inc. (Haworth International Ltd.)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 SWOT Analysis
14.3.5 Hussey Seating Company
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Inter IKEA Systems B.V. (Inter IKEA Holding B.V)
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Kestell Furniture LLC
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 La-Z-Boy Incorporated
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Lifetime Products Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Meco Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Murphy Wall Beds Hardware Inc
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Nilkamal Furniture
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Sauder Woodworking Company
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
List of Figures
Figure 1: Global: Folding Furniture Market: Major Drivers and Challenges
Figure 2: Global: Folding Furniture Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Folding Furniture Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Folding Furniture Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Folding Furniture Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Folding Furniture Market: Breakup by Application (in %), 2022
Figure 7: Global: Folding Furniture Market: Breakup by Region (in %), 2022
Figure 8: Global: Folding Furniture (Tables and Chairs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Folding Furniture (Tables and Chairs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Folding Furniture (Sofas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Folding Furniture (Sofas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Folding Furniture (Beds) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Folding Furniture (Beds) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Folding Furniture (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Folding Furniture (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Folding Furniture (Offline) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Folding Furniture (Offline) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Folding Furniture (Online) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Folding Furniture (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Folding Furniture (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Folding Furniture (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Folding Furniture (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Folding Furniture (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: North America: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: North America: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: United States: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: United States: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Canada: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Canada: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Asia-Pacific: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Asia-Pacific: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: China: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: China: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Japan: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Japan: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: India: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: India: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: South Korea: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: South Korea: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Australia: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Australia: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Indonesia: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Indonesia: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Others: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Others: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Europe: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Europe: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Germany: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Germany: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: France: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: France: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: United Kingdom: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United Kingdom: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Italy: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Italy: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Spain: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Spain: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Russia: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Russia: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Latin America: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Latin America: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Brazil: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Brazil: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Mexico: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Mexico: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Middle East and Africa: Folding Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Middle East and Africa: Folding Furniture Market: Breakup by Country (in %), 2022
Figure 72: Middle East and Africa: Folding Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Global: Folding Furniture Industry: SWOT Analysis
Figure 74: Global: Folding Furniture Industry: Value Chain Analysis
Figure 75: Global: Folding Furniture Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Folding Furniture Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Folding Furniture Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Folding Furniture Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 4: Global: Folding Furniture Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Folding Furniture Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Folding Furniture Market: Competitive Structure
Table 7: Global: Folding Furniture Market: Key Players
Companies Mentioned
- 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
- Sauder Woodworking Company.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | March 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 4 Billion |
| Forecasted Market Value ( USD | $ 5.2 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
