FEATURED COMPANIES
- Dorel Industries Inc
- Flaxseed Industries Inc.
- Haworth
- Home Depot
- Inter Ikea Systerms B.V
- La-Z-Boy Inc.
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
What is the estimated value of the Global Folding Furniture Market?
What is the growth rate of the Global Folding Furniture Market?
What is the forecasted size of the Global Folding Furniture Market?
Who are the key companies in the Global Folding Furniture Market?
FEATURED COMPANIES
- Dorel Industries Inc
- Flaxseed Industries Inc.
- Haworth
- Home Depot
- Inter Ikea Systerms B.V
- La-Z-Boy Inc.
- 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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