Folding Furniture Market Growth, Industry Size, Share Analysis 2023-2028

The latest report by IMARC Group, titled “Folding Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on folding furniture market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global folding furniture market size reached US$ 4.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028. 

What is Folding Furniture?

Folding furniture is a type of movable furnishing that can be compactly folded or collapsed when not in use. It is a product of smart engineering and creative design, often integrating functionality with aesthetics. It is available in various forms, including chairs, tables, beds, and desks, making it versatile and adaptable for various living conditions and purposes. It has a compact nature which makes it an excellent choice for small living spaces or areas that need to be multifunctional, allowing for more efficient use of available space. Folding furniture is a suitable choice in the design of modern, minimalist interiors.

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What are the growth prospects and trends in the folding furniture industry?

At present, the increasing demand for folding furniture in the hospitality industry, particularly for event management, where mobility and storage are of prime importance, represents one of the crucial factors impelling the growth of the market.

Besides this, the rising utilization of folding furniture in various outdoor and adventure activities, as they are lightweight and portable, is propelling the growth of the market. In addition, the growing popularity of small-scale living, such as micro-apartments and tiny houses, is offering a favorable market outlook.

Apart from this, the increasing production of folding furniture with sustainable materials is contributing to the growth of the market.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 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.

Folding Furniture Market Segmentation:

Our report has categorized the market based on region, 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)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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