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Global Folding Furniture Market, Size, Forecast 2022-2027, Industry Trends, Growth, Insight, Impact of COVID-19, Company Analysis

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    Report

  • 125 Pages
  • March 2022
  • Region: Global
  • Renub Research
  • ID: 5562698

FEATURED COMPANIES

  • Dorel Industries Inc
  • Flaxseed Industries Inc.
  • Haworth
  • Home Depot
  • Inter Ikea Systerms B.V
  • La-Z-Boy Inc.
Global Folding Furniture Market will be US$ 14.32 Billion by 2027. Nowadays, the adoption of folding furniture is growing in the most populated cities of the world, owing to an increase in smaller homes. In various metropolises globally, people’s mediocre living area is getting smaller and smaller. More and more young people are bent to move to large cities for more options and a more active lifestyle. Thus, folding furniture would be a helpful way and an excellent necessity for saving space while keeping the essentials for users and improving their lifestyle in a small place.



In general, folding furniture is counted under lightweight and easily deployable structures that can efficiently and effectively transform between various configurations. It becomes as serviceable and unique as any other type of furniture. However, rapid urbanization and growth in the real estate market influence the folding furniture industry. Furthermore, millennials opting for rented living spaces are bent towards multifunctional and packed furniture, which, in turn, is anticipated to propel the global market.

Worldwide Folding Furniture Market Size was US$ 9.79 Billion in 2021


Based on product type, the folding furniture is classified into tables, sofas, beds, chairs, and other furniture. Folding chairs hold a significant position in the folding furniture industry owing to their flexibility and need. These are largely assembled of plastic materials, but consumers’ taste for wooden furniture to add the appearance value has raised the production of wooden folding chairs. For instance, Flash Furniture in the USA offers folding chairs made of bamboo wood, which can be used outdoor and indoor. According to the publisher report Global Folding Furniture Industry is expected to grow with a CAGR of 6.5% from 2021 to 2027.

Residential Application holds the Prevalent Market Share


By application, the folding furniture market has been segmented into commercial and residential. The residential sector overlooks the application segment of the folding furniture market. The increasing residential construction activities worldwide increase the demand in the market. Furthermore, the commercial segment is expected to contribute significantly to the market during the forecast period. Folding furniture is installed in numerous sub-applications within the commercial construction sector, such as healthcare centers, corporate offices, and educational institutions. They are also inaugurated in cafeterias and hotels.

Asia Pacific is the Fastest Growing Region for Foldable Furniture Industry


Geographically, the Asia Pacific region is the fastest-growing region for foldable furniture due to the region's large population pool of residents. Also, ongoing urbanization and upliftment of the population's living standard in Asian countries have driven the demand for space-efficient and affordable furniture. The booming building sector in Asia due to the rise in disposable income, growing middle-class population, and rising construction of residential infrastructure are to spur the market growth in the years to follow.

Besides, the North American region is also expected to register a higher growth rate due to the demand for low preservation interior products. Further, the European region furniture space is provided by the region's finest interior designers attaining prominence, also referring to space savors.

Impact of COVID-19 Pandemic on Folding Furniture Market


The outbreak of the COVID-19 pandemic had led to the enactment of stringent lockdown regulations across several nations resulting in disruptions in export and import activities of folding furniture. The COVID-19 pandemic adversely affects economies and industries in various countries due to lockdowns, business shutdowns, and travel bans. These factors have hindered the consumer goods industry and thus act as a restraining factor for the folding furniture market's growth.

Competitive Landscape


The folding furniture market is highly fragmented with major players such as Dorel Industries Inc, Inter Ikea Systerms B.V, La-Z-Boy Inc., Leggett & Platt Inc., Haworth, Bassett Furniture Industries inc., Flaxseed Industries Inc. and Home Depot.

This report titled Folding Furniture Market, GlobalForecast By Product (Chairs, Tables, Sofas, Beds and Other Furniture), Application (Residential and Commercial), Distribution Channel (Offline and Online), Regions (North America, Europe, Asia Pacific, Middle East & Africa and South America), Company (Dorel Industries Inc, Inter Ikea Systerms B.V, La-Z-Boy Inc., Leggett & Platt Inc., Haworth, Bassett Furniture Industries inc., Flaxseed Industries Inc. and Home Depot)" provides complete analysis on Global Folding Furniture Market

Product Type - Market has been covered from 5 viewpoints


1. Chairs
2. Tables
3. Sofas
4. Beds
5. Other Furniture

Application - Markethas been covered from 2 viewpoints


1. Residential
2. Commercial

Distribution Channel - Markethas been covered from 2 viewpoints


1. Offline
2. Online

Regions - Market has been covered from 5 viewpoints


1. North America
2. Europe
3. Asia Pacific
4. Middle East & Africa
5. South America

All the key players have been covered 3 Viewpoints


  • Overviews
  • Recent Developments
  • Revenues

Company Analysis


1. Dorel Industries Inc
2. Inter Ikea Systerms B.V
3. La-Z-Boy Inc.
4. Leggett & Platt Inc.
5. Haworth
6. Bassett Furniture Industries inc.
7. Flaxseed Industries Inc.
8. Home Depot
Frequently Asked Questions about the Global Folding Furniture Market

What is the estimated value of the Global Folding Furniture Market?

The Global Folding Furniture Market was estimated to be valued at $9.8 Billion in 2021.

What is the growth rate of the Global Folding Furniture Market?

The growth rate of the Global Folding Furniture Market is 6.5%, with an estimated value of $14.3 Billion by 2027.

What is the forecasted size of the Global Folding Furniture Market?

The Global Folding Furniture Market is estimated to be worth $14.3 Billion by 2027.

Who are the key companies in the Global Folding Furniture Market?

Key companies in the Global Folding Furniture Market include Dorel Industries Inc, Inter Ikea Systerms B.V, La, Z, Boy Inc., Leggett & Platt Inc., Haworth, Bassett Furniture Industries inc. and Home Depot.

FEATURED COMPANIES

  • Dorel Industries Inc
  • Flaxseed Industries Inc.
  • Haworth
  • Home Depot
  • Inter Ikea Systerms B.V
  • La-Z-Boy Inc.

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamic
4.1 Growth Driver
4.2 Challenges
5. Global Folding Furniture Market
6. Global Folding Furniture Market Share Analysis
6.1 By Product Type
6.2 By Application
6.3 By Distribution Channel
6.4 By Regions
7. By Product Type - Global Folding Furniture Market
7.1 Chairs
7.2 Tables
7.3 Sofas
7.4 Beds
7.5 Other Furniture
8. By Application - Global Folding Furniture Market
8.1 Residential
8.2 Commercial
9. By Distribution Channel - Global Folding Furniture Market
9.1 Offline
9.2 Online
10. By Regions - Global Folding Furniture Market
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Middle East & Africa
10.5 South America
11. Porters Five Forces
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12. Company Analysis
12.1 Dorel Industries Inc.
12.1.1 Business Overview
12.1.2 Sales Analysis
12.1.3 Recent Development
12.2 Inter Ikea Systems B.V.
12.2.1 Business Overview
12.2.2 Sales Analysis
12.2.3 Recent Development
12.3 La-Z-Boy Inc.
12.3.1 Business Overview
12.3.2 Sales Analysis
12.3.3 Recent Development
12.4 Leggett & Platt Inc.
12.4.1 Business Overview
12.4.2 Sales Analysis
12.4.3 Recent Development
12.5 Haworth Inc.
12.5.1 Business Overview
12.5.2 Sales Analysis
12.5.3 Recent Development
12.6 Bassett Furniture Industries inc.
12.6.1 Business Overview
12.6.2 Sales Analysis
12.6.3 Recent Development
12.7 Flaxseed Industries Inc.
12.7.1 Business Overview
12.7.2 Sales Analysis
12.7.3 Recent Development
12.8 Home Depot
12.8.1 Business Overview
12.8.2 Sales Analysis
12.8.3 Recent Development
List Of Figures:
Figure 01: Global - Folding Furniture Market (Billion US$), 2018 - 2021
Figure 02: Global - Forecast for Folding Furniture Market (Billion US$), 2022 - 2027
Figure 03: Product Type - Chairs Market (Billion US$), 2018 - 2021
Figure 04: Product Type - Forecast for Chairs Market (Billion US$), 2022 - 2027
Figure 05: Product Type - Tables Market (Billion US$), 2018 - 2021
Figure 06: Product Type - Forecast for Tables Market (Billion US$), 2022 - 2027
Figure 07: Product Type - Sofas Market (Billion US$), 2018 - 2021
Figure 08: Product Type - Forecast for Sofas Market (Billion US$), 2022 - 2027
Figure 09: Product Type - Beds Market (Billion US$), 2018 - 2021
Figure 10: Product Type - Forecast for Beds Market (Billion US$), 2022 - 2027
Figure 11: Product Type - Other Furniture Market (Billion US$), 2018 - 2021
Figure 12: Product Type - Forecast for Other Furniture Market (Billion US$), 2022 - 2027
Figure 13: Application - Residential Market (Billion US$), 2018 - 2021
Figure 14: Application - Forecast for Residential Market (Billion US$), 2022 - 2027
Figure 15: Application - Commercial Market (Billion US$), 2018 - 2021
Figure 16: Application - Forecast for Commercial Market (Billion US$), 2022 - 2027
Figure 17: Distribution Channel - Offline Market (Billion US$), 2018 - 2021
Figure 18: Distribution Channel - Forecast for Offline Market (Billion US$), 2022 - 2027
Figure 19: Distribution Channel - Online Market (Billion US$), 2018 - 2021
Figure 20: Distribution Channel - Forecast for Online Market (Billion US$), 2022 - 2027
Figure 21: North America - Folding Furniture Market (Billion US$), 2018 - 2021
Figure 22: North America - Forecast for Folding Furniture Market (Billion US$), 2022 - 2027
Figure 23: Europe - Folding Furniture Market (Billion US$), 2018 - 2021
Figure 24: Europe - Forecast for Folding Furniture Market (Billion US$), 2022 - 2027
Figure 25: Asia Pacific - Folding Furniture Market (Billion US$), 2018 - 2021
Figure 26: Asia Pacific - Forecast for Folding Furniture Market (Billion US$), 2022 - 2027
Figure 27: Middle East & Africa - Folding Furniture Market (Billion US$), 2018 - 2021
Figure 28: Middle East & Africa - Forecast for Folding Furniture Market (Billion US$), 2022 - 2027
Figure 29: South America - Folding Furniture Market (Billion US$), 2018 - 2021
Figure 30: South America - Forecast for Folding Furniture Market (Billion US$), 2022 - 2027
Figure 31: Dorel Industries Inc - Global Revenue (Million US$), 2017 - 2021
Figure 32: Dorel Industries Inc - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 33: Inter Ikea Systerms B.V - Global Revenue (Million US$), 2017 - 2021
Figure 34: Inter Ikea Systerms B.V - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 35: La-Z-Boy Inc. - Global Revenue (Million US$), 2017 - 2021
Figure 36: La-Z-Boy Inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 37: Leggett & Platt Inc. - Global Revenue (Million US$), 2017 - 2021
Figure 38: Leggett & Platt Inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 39: Haworth - Global Revenue (Million US$), 2017 - 2021
Figure 40: Haworth - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 41: Bassett Furniture Industries inc. - Global Revenue (Million US$), 2017 - 2021
Figure 42: Bassett Furniture Industries inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 43: Flaxseed Industries Inc. - Global Revenue (Million US$), 2017 - 2021
Figure 44: Flaxseed Industries Inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 45: Home Depot - Global Revenue (Million US$), 2017 - 2021
Figure 46: Home Depot - Forecast for Global Revenue (Million US$), 2022 - 2027
List Of Tables:
Table 01: Global - Folding Furniture Market Share by Product Type (Percent), 2018 - 2021
Table 02: Global - Forecast for Folding Furniture Market Share by Product Type (Percent), 2022 - 2027
Table 03: Global - Folding Furniture Market Share by Application (Percent), 2018 - 2021
Table 04: Global - Forecast for Folding Furniture Market Share by Application (Percent), 2022 - 2027
Table 05: Global - Folding Furniture Market Share by Distribution Channel (Percent), 2018 - 2021
Table 06: Global - Forecast for Folding Furniture Market Share by Distribution Channel (Percent), 2022 - 2027
Table 07: Global - Folding Furniture Market Share by Region (Percent), 2018 - 2021
Table 08: Global - Forecast for Folding Furniture Market Share by Region (Percent), 2022 - 2027
  • Dorel Industries Inc
  • Inter Ikea Systerms B.V
  • La-Z-Boy Inc.
  • Leggett & Platt Inc.
  • Haworth
  • Bassett Furniture Industries inc.
  • Flaxseed Industries Inc.
  • Home Depot

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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