Folding Furniture Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global folding furniture market attained a value of USD 4.73 Billion in 2024, fuelled by increasing urbanization, growing shift towards micro apartments and surge in residential construction sector. The industry is expected to grow at a CAGR of 5.30% during the forecast period of 2025-2034, to reach USD 7.93 Billion by 2034.

Global Folding Furniture Market Report Summary

Market Size 2024

• USD Billion 4.73

Market Size 2034

• USD Billion 7.93
• CAGR 2025-2034
• 5.30%

CAGR 2025-2034- Market by Region

• Asia Pacific
• 5.9%

CAGR 2025-2034 - Market by Country

• India
• 6.2%

CAGR 2025-2034 - Market by Country

• China
• 6.0%

CAGR 2025-2034 - Market by Product

• Tables & Chairs
• 6.1%

CAGR 2025-2034 - Market by Distribution Channel

• Online
• 7.6%

Market Share by Country 2024

• Brazil
• 3.1%

Global Folding Furniture Market Overview

Growing Demand for Space-Saving and Sustainable Folding Furniture

The global folding furniture market value is greatly influenced by evolving needs of urbanization, compact living, sustainable design, and increased demand for multi-functional furniture. As the demand for versatile, space-saving solutions grows, folding furniture is making its mark in residential, commercial, and outdoor environments. The market's role extends beyond functionality, tapping into the rising demand for products that contribute to efficient space usage, sustainable living, and mobility.

According to industry data of 2024, in India, urban areas faced a shortage of 10 million housing units. By 2030, an additional 25 million affordable housing units will be needed to house the rising urban population. Moreover, India’s real estate growth is expected to expand to USD 5.8 trillion by 2047, contributing 15.5% to the GDP from a current share of 7.3%. In addition, folding furniture's adaptability is well-aligned with shifts in the way people live and work, particularly in urban centers where space optimization is crucial. Companies are responding to this demand by innovating with new designs, materials, and functionality, with major players like Flexsteel Industries, Haworth, Inc., Meco Corporation, and Dorel Industries introducing a wide range of folding furniture to meet evolving consumer needs.

Folding Furniture Market Growth

Rising Demand for Folding Furniture Amid Urban Living and Remote Work Trends

With more people living in urban areas and smaller homes, the demand for space-saving furniture solutions is at an all-time high. Compact homes, studio apartments, and small houses are becoming more common, especially in major cities. As of 2023, nearly 55% of the global population lives in urban areas, a figure expected to rise to 68% by 2050, increasing the need for adaptable furniture.

The global shift toward hybrid and remote working models, has further boosted the growth of the folding furniture market. The micro functional furniture can easily be moved and transformed. Folding desks, chairs, and wall beds are essential in homes and offices where people need flexible workspaces. Based on the 2024 data provided by U.S. Career Institute, by the end of 2025, about 14% of the adult population in the United States is expected to have remote or work from home jobs. This surge is equivalent to five-fold increase since before the pandemic when just 7 million Americans were working from home or remotely.

Folding furniture is a staple in the outdoor furniture market, with growing demand for portable and easy-to-store solutions. Events, catering, and festivals drive the demand for folding chairs and tables, and the trend for outdoor gatherings, particularly in regions with temperate climates, further enhances this market.

Key Trends and Recent Developments

The global folding furniture market is witnessing strong expansion owing to rise in single-person households, online retail growth, and growing consumer shift towards sustainable materials for furniture.

March 2025

Ikea introduced a new line of sustainable folded furniture prepared from recycled materials and produced using environmentally friendly methods. This launch aligns completely with the increasing demand for green home products. The collection includes versatile folding chairs and tables aimed for young professionals living in compact apartments.

December 2024

Wayfair specifically unveiled a new series of space-saving fold-up beds designed for small town apartments. The product line, created in collaboration with major interior designers, is modular fold-out units that serve both as furniture and storage solutions.

November 2023

ITALICA launched all new Phoenix Folding Chair, often regarded as India's pioneering fully plastic folding chair. This product launch marks as a milestone in the direction of strategic product launch strategy by the company. The Phoenix Folding Chair is crafted from high-quality, sturdy plastic, providing a versatile seating solution for various settings, including homes, offices, and events

April 2022

Dorel Home, which is a part of Dorel Industries Inc., established its newly reopened 9th-floor C&D Building showroom at the High Point Market. The showroom features a range of new products as well as an expanding collection of high-profile licensed brands.

Urbanization and Space Constraints

Rapid urbanization has led to increasing need for space to accommodate rising population. This increase in population has led to increase in the number of persons per family leading to space constraints, especially in the Asia Pacific region, apart from the fact that the average apartment sizes there are among the smallest worldwide. In Hong Kong, the average housing size is 484 square feet, while in India and China, it's 504 and 646 square feet, respectively. Additionally, the demand for foldable furniture that keeps the living space minimal while at the same time offers functionality continues to be on the rise.

Rise in Single-Person Households

A greater frequency of single-person households predominantly in North America and Europe is serving as the primary cause of the increase in the market of folding furniture. The shift of consumer demand to compact and multifunctional furniture has prompted producers to raise the number of items such as folding tables, chairs, and beds. As per 2023 data by Office for National Statistics (ONS), in 2023, UK was home to 19.5 million families and approximately 8.4 million people were living alone in the UK in 2023; this was 30% of all households.

E-Commerce and Online Retail Growth

The progress of e-commerce platforms is mainly focused on the provision of accessible folding furniture to a wider audience. Besides, the retail sector is enhancing the availability and showcasing of the multiple folding furniture types in the market. This expansion of e-commerce sector is boosting the demand of the folding furniture market. According to 2024 data by the Census Bureau of the Department of Commerce, the retail e-commerce sales in United States for the Q4 of 2024, was USD 308.9 billion, an increase of 2.5% from the third quarter of 2024.

Growing consumer shift towards sustainable materials for furniture

There is a rising inclination towards folding furniture made of renewable and eco-friendly materials. Customers are getting more conscious of the environmental effect of their purchases. This change in behavior of the consumers is pushing manufacturers to go for an eco-friendly way of processing, thus driving the folding furniture industry growth. According to industry report by BRIEF & SIDBI, the global bamboo furniture market value was USD 9 billion in 2019 and is expected to expand at a CAGR of 5.2% from 2020 to 2025.

Folding Furniture Market Trends

Rising Demand for Foldable Furniture in Urban Micro-Homes

Companies are increasingly offering modular folding furniture that can be easily customized to suit individual needs. This trend is particularly prevalent in urban homes where space limitations require flexibility which is significantly shaping the folding furniture industry outlook. For example, IKEA has recently launched a series of modular, foldable furniture systems that allow customers to configure their own home-office setups. In extensively populated urban spaces, micro or mini housing units has become a trending solution for people struggling to find affordable houses. Usually ranging between 150 and 400 square feet in size, these micro apartments are fast becoming people’s choice, thus, leading to growing demand of foldable furniture in such enclosed settings.

Smart folding furniture, integrating technology such as built-in charging ports, Bluetooth speakers, or lighting, is becoming a key trend. Companies like Meco Corporation are experimenting with integrating tech features into foldable designs to create more functional and user-friendly products.

Folding Furniture Market Restraints

While folding furniture offers significant space-saving benefits, the initial investment in technology, design, and manufacturing can be high. The cost of raw materials like durable metals and high-quality wood, along with the cost of R&D for folding mechanisms, can be a barrier for smaller manufacturers looking to enter the market.

Although folding furniture have proved to be cost effective and less space consuming, there have been incidents reported by families of the injuries caused by folding furniture and other accessories. According to United States Consumer Product Safety Commission data of 2024, approximately 17,800 individuals are treated in U.S. emergency departments each year due to injuries from furniture, TV, and appliance tip-overs. Of these, 44% involve children under 18 years old, equating to a child being treated every 53 minutes.

Folding Furniture Industry Segmentation

The report titled “Folding Furniture Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Product

• Tables & Chair
• Sofa
• Beds
• Others

Breakup by Distribution Channel

• Online
• Offline

Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Folding Furniture Market Share

Tables and Chairs Segment Dominates with Versatile, Space-Saving Appeal

According to folding furniture market analysis, tables and chairs segment held the largest share in the market. For confined spaces, tables and chairs serves many purposes. They offer exclusive versatility and space-saving qualities for small households. They are also suitable for housing units with very limited outdoor space, such as small porches, terraces, gardens, and balconies.

Folding sofas are fast becoming a preferred choice among families living in mini apartment, where there is not much space for beds. These types of sofas, serves multiple purposes like it can be used as a bed, or as a sitting furniture. As per research study of 2024, the number of single person households has been steadily increasing for decades, with 131 million households in 2022. These factors are influencing the growth of folding furniture industry revenue.

Surge in E-Commerce Boosts Online Sales Channel

Online distribution channel holds a leading share in the market. This is mainly due to rising e-commerce market in developing regions like Asia Pacific region. In developed regions like North America, USA has seen significant surge in online retail. The Census Bureau of the Department of Commerce announced in 2024, that the retail e-commerce sales in United States for the Q4 of 2024, was USD 308.9 billion, this marked an increase of 2.7% from the Q3 of 2024.

Offline distribution channels like physical retail stores also hold a significant share in the market. According to the National Retail Federation, more than 57% of furniture is bought at a physical store. These types of shopping methods is mostly popular among baby boomers and millennials who prefer to visit retails stores for buying furniture.

Folding Furniture Market Regional Analysis

CAGR 2025-2034 - Market by

• Country
• India
• 6.2%
• China
• 6.0%
• UK
• 5.7%
• USA
• 5.4%
• Italy
• 5.2%
• Canada
• Germany
• France
• Japan
• 5.0%
• Saudi Arabia
• Brazil
• Mexico
• 5.0%
• Australia
• 4.9%

Rising Demand for Folding Furniture Driven by Urban Living and Space Optimisation in North America

As per the folding furniture market report, the folding furniture market value in North America is experiencing significant growth, driven by factors such as urbanization, space optimization needs, and the increasing popularity of multifunctional furniture. Rising need for smaller living spaces is also rising in USA. For instance, New York, Seattle and Portland, and Oregon are investing into smaller living spaces. As a boost to the growing investment in repair and renovation of housing units, New York’s governor, Kathy Hochul, announced in July 2023, a USD 50 million plan preserve up to 500 Single Room Occupancy apartments.

The United States, particularly North Carolina, continues to be a hub for the furniture industry. High Point, North Carolina, known as the "Furniture Capital of the World," hosts the High Point Market, the largest home furnishings industry trade show globally, attracting between 70,000 and 80,000 attendees annually.

Rising Demand for Space-Saving Furniture in Urban Europe Driving the Market

Europe's folding furniture market is characterized by a strong preference for space-saving solutions, especially in urban areas with limited living space. Germany and France are the leading countries, with Germany accounting for a significant share due to its robust manufacturing sector and consumer demand for innovative furniture designs, thus contributing to the folding furniture industry growth in Europe. With high demand for housing, increasing populations, and a desire for financial freedom and to go green, there is a move toward small-space living in the United Kingdon and it is projected that by 2030, London’s population will increase to 9.4 million, leading to increased demand for space.

Competitive Landscape

The global folding furniture market outlook is being shaped by market players adopting strategies like product innovation, inclusion of multifunctional design, and use of sustainable material. To meet the growing demand for space-saving and flexible living solutions, these companies are investing in modular systems, lightweight materials, and eco-friendly manufacturing processes.

Flexsteel Industries, Inc.

Founded in 1893 and based out of Dubuque, Iowa, this entity remains a premier manufacturer of residential and commercial upholstered furniture. Flexsteel combines durability with style, owing to its patented Blue Steel Spring technology. In folding and space-saving furniture, the company is innovating with modular seating, convertible sofas, and motion furniture that combines elements of traditional craftsmanship and modern utility for compact living spaces and the hospitality industry.

Haworth, Inc.

Founded in 1948 and headquartered in Michigan, United States, Haworth designs and makes flexible office interiors, including furniture, raised flooring, movable walls, and ergonomic products. It plays an important role in the folding and modular furniture markets through its flexible workspace solutions that foster collaboration and hybrid work settings.

Meco Corporation

Founded in 1959 and headquartered in Greenville, Tennessee, Meco Corporation manufactures sturdy and economical folding furniture such as folding chairs, tables, and outdoor furniture. A legacy of practicality and space-saving designs is left by Meco to serve the needs of both residential and commercial customers.

Dorel Industries Inc.

Dorel Industries is a Canada-based company established in 1962. The company deals in the home, juvenile, and sports businesses. Its home business, Dorel Home, manufactures diverse furniture such as folding beds, futons, and space furniture under the brand names of DHP and Cosco. Dorel is making its footprint felt in the market for folding furniture with trendy, compact, and affordable options for city dwelling. The firm uses e-commerce websites to target a broader population and focuses on simple assembly and multi-functionality in its product offerings.

Other key players in the folding furniture market report include Murphy Wall Beds Hardware, Inc., Ashley Furniture HomeStores LLC, La-Z-Boy, Inc., Leggett & Platt, Incorporated, Resource Furniture, Sauder Woodworking Co., Inter IKEA Systems B.V, among others.