IMARC Group, a leading market research company, has recently releases report 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 the market. How Big Is the Folding Furniture 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.
Industry Overview of Folding Furniture
Folding furniture refers to pieces of special furniture that can be collapsed flat or folded into a compact structure for easy storage and transport. It comprises a wide variety of furniture, such as chairs, tables, sofa sets, balcony tables, beds, diners, ottomans, and shower benches. It is lightweight, easy to assemble, and cost-effective. It can be moved around easily and can be stored in small spaces when not in use. It also allows homeowners to decorate their place freely without worrying about clutter caused by too many furniture pieces.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/folding-furniture-market/requestsample
What are the growth prospects and trends in the folding furniture industry?
At present, the increasing demand for folding furniture, as they complement the overall aesthetics of a modern space, represents one of the crucial factors influencing the market positively.
Besides this, the rising popularity of folding furniture among individuals living in small places or studio apartments is propelling the growth of the market. In addition, the growing utilization of folding furniture in various commercial spaces, such as offices, hotels, and hospitals, is offering a favorable market outlook.
Apart from this, the increasing consumer interest in affordable, multifunctional, and smaller furniture that suits urban and dynamic lifestyles is contributing to the growth of the market. Additionally, the rising demand for low-maintenance interior products is supporting the growth of the market.
Leading Companies Operating in the Global Folding Furniture Industry:
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 Report Segmentation:
The report has segmented the market into the following categories:
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
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