Global Folding Furniture Market Report 2022-2027

DUBLIN, May 4, 2022 /PRNewswire/ — The “Global Folding Furniture Market, Size, Forecast 2022-2027, Industry Trends, Growth, Overview, Impact of COVID-19, Company Analysis” report has been added to from ResearchAndMarkets.com offer.

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The global folding furniture market will be US$14.32 billion by 2027 from US$9.79 billion in 2021, growing at a CAGR of 6.5%

]Nowadays, the adoption of folding furniture is growing in the most populated cities of the world, due to an increase in small houses. In various metropolises around the world, people’s mediocre living space is getting smaller and smaller.

More and more young people are inclined to move to big cities for more options and a more active lifestyle. Thus, folding furniture would be a useful way and an excellent necessity to save space while keeping the essentials for the users and improving their lifestyle in a small space.

In general, folding furniture is counted among lightweight and easily deployable structures that can transform efficiently and effectively between different configurations. It becomes as useful and unique as any other type of furniture.

However, rapid urbanization and growth in the real estate market are influencing the folding furniture industry. Additionally, millennials opting for rented living spaces are being drawn towards multi-functional and packaged furniture, which in turn is expected to propel the global market.

Depending on the type of product, folding furniture is classified into tables, sofas, beds, chairs and other furniture. Folding chairs hold an important place in the folding furniture industry due to their flexibility and needs. These are largely assembled in plastic materials, but consumer taste for wooden furniture to add value to appearance has increased the production of wooden folding chairs.

For example, Flash Furniture in the UNITED STATES offers folding chairs made of bamboo wood, which can be used both indoors and outdoors.

Residential application holds the predominant 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 increase in residential construction activities around the world is increasing the demand in the market.

Also, the commercial segment is expected to contribute significantly to the market over the forecast period. Folding furniture is installed in many sub-applications in the commercial construction industry, such as health centers, corporate offices, and educational institutions. They are also inaugurated in cafeterias and hotels.

Asia Pacific is the fastest growing region for the foldable furniture industry

Geographically, the Asia Pacific The region is the fastest growing region for foldable furniture due to the region’s large population pool.

Additionally, the continuous urbanization and improved living standards of the people in Asian countries have boosted the demand for space-saving and affordable furniture. The booming building sector in Asia owing to increasing disposable income, rising middle class population and growing residential infrastructure construction is expected to drive the market growth in the coming years.

Additionally, the North American region is also expected to register a higher growth rate owing to the demand for low-preservation interior products. In addition, the furniture space in the European region is provided by the best interior designers in the region who stand out, also referring to the flavors of the space.

Impact of the COVID-19 pandemic on the folding furniture market

The outbreak of the COVID-19 pandemic has led to the enactment of strict lockdown regulations in several countries, which has led to disruptions in the folding furniture export and import business.

The COVID-19 pandemic is negatively affecting the economies and industries of various countries due to shutdowns, business closures and travel bans. These factors have been restraining the consumer goods industry and hence restraining the growth of the folding furniture market.

Competitive landscape

The folding furniture market is highly fragmented with major players such as

Main topics covered:

1. Introduction

2. Research and methodology

3. Executive Summary

4. Market dynamics

4.1 Engine of growth

4.2 Challenges

5. Global Folding Furniture Market

6. Global Folding Furniture Market Share Analysis

6.1 By product type

6.2 By request

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 Canapes

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. Carriers 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. Business Analysis

12.1 Business Overview

12.2 Sales Analysis

12.3 Recent Development

For more information on this report, visit https://www.researchandmarkets.com/r/zf0ahm

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