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PUBLISHER: Renub Research | PRODUCT CODE: 1066775

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PUBLISHER: Renub Research | PRODUCT CODE: 1066775

Folding Furniture Market, Size, Global Forecast 2022-2027, Industry Trends, Growth, Insight, Impact of COVID-19, Company Analysis

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Global Folding Furniture Market will be US$ 14.32 Billion by 2027. Nowadays, the adoption of folding furniture is growing in the most populated cities of the world, owing to an increase in smaller homes. In various metropolises globally, people's mediocre living area is getting smaller and smaller. More and more young people are bent to move to large cities for more options and a more active lifestyle. Thus, folding furniture would be a helpful way and an excellent necessity for saving space while keeping the essentials for users and improving their lifestyle in a small place.

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 Renub Research 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.

Renub Research 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

Table of Contents

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamic

  • 4.1 Growth Driver
  • 4.2 Challenges

5. Global Folding Furniture Market

6. Global Folding Furniture Market Share Analysis

  • 6.1 By Product Type
  • 6.2 By Application
  • 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 Sofas
  • 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. Porters 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. Company Analysis

  • 12.1 Dorel Industries Inc.
    • 12.1.1 Business Overview
    • 12.1.2 Sales Analysis
    • 12.1.3 Recent Development
  • 12.2 Inter Ikea Systems B.V.
    • 12.2.1 Business Overview
    • 12.2.2 Sales Analysis
    • 12.2.3 Recent Development
  • 12.3 La-Z-Boy Inc.
    • 12.3.1 Business Overview
    • 12.3.2 Sales Analysis
    • 12.3.3 Recent Development
  • 12.4 Leggett & Platt Inc.
    • 12.4.1 Business Overview
    • 12.4.2 Sales Analysis
    • 12.4.3 Recent Development
  • 12.5 Haworth Inc.
    • 12.5.1 Business Overview
    • 12.5.2 Sales Analysis
    • 12.5.3 Recent Development
  • 12.6 Bassett Furniture Industries inc.
    • 12.6.1 Business Overview
    • 12.6.2 Sales Analysis
    • 12.6.3 Recent Development
  • 12.7 Flaxseed Industries Inc.
    • 12.7.1 Business Overview
    • 12.7.2 Sales Analysis
    • 12.7.3 Recent Development
  • 12.8 Home Depot
    • 12.8.1 Business Overview
    • 12.8.2 Sales Analysis
    • 12.8.3 Recent Development

List of Figures

  • Figure-01: Global - Folding Furniture Market (Billion US$), 2018 - 2021
  • Figure-02: Global - Forecast for Folding Furniture Market (Billion US$), 2022 - 2027
  • Figure-03: Product Type - Chairs Market (Billion US$), 2018 - 2021
  • Figure-04: Product Type - Forecast for Chairs Market (Billion US$), 2022 - 2027
  • Figure-05: Product Type - Tables Market (Billion US$), 2018 - 2021
  • Figure-06: Product Type - Forecast for Tables Market (Billion US$), 2022 - 2027
  • Figure-07: Product Type - Sofas Market (Billion US$), 2018 - 2021
  • Figure-08: Product Type - Forecast for Sofas Market (Billion US$), 2022 - 2027
  • Figure-09: Product Type - Beds Market (Billion US$), 2018 - 2021
  • Figure-10: Product Type - Forecast for Beds Market (Billion US$), 2022 - 2027
  • Figure-11: Product Type - Other Furniture Market (Billion US$), 2018 - 2021
  • Figure-12: Product Type - Forecast for Other Furniture Market (Billion US$), 2022 - 2027
  • Figure-13: Application - Residential Market (Billion US$), 2018 - 2021
  • Figure-14: Application - Forecast for Residential Market (Billion US$), 2022 - 2027
  • Figure-15: Application - Commercial Market (Billion US$), 2018 - 2021
  • Figure-16: Application - Forecast for Commercial Market (Billion US$), 2022 - 2027
  • Figure-17: Distribution Channel - Offline Market (Billion US$), 2018 - 2021
  • Figure-18: Distribution Channel - Forecast for Offline Market (Billion US$), 2022 - 2027
  • Figure-19: Distribution Channel - Online Market (Billion US$), 2018 - 2021
  • Figure-20: Distribution Channel - Forecast for Online Market (Billion US$), 2022 - 2027
  • Figure-21: North America - Folding Furniture Market (Billion US$), 2018 - 2021
  • Figure-22: North America - Forecast for Folding Furniture Market (Billion US$), 2022 - 2027
  • Figure-23: Europe - Folding Furniture Market (Billion US$), 2018 - 2021
  • Figure-24: Europe - Forecast for Folding Furniture Market (Billion US$), 2022 - 2027
  • Figure-25: Asia Pacific - Folding Furniture Market (Billion US$), 2018 - 2021
  • Figure-26: Asia Pacific - Forecast for Folding Furniture Market (Billion US$), 2022 - 2027
  • Figure-27: Middle East & Africa - Folding Furniture Market (Billion US$), 2018 - 2021
  • Figure-28: Middle East & Africa - Forecast for Folding Furniture Market (Billion US$), 2022 - 2027
  • Figure-29: South America - Folding Furniture Market (Billion US$), 2018 - 2021
  • Figure-30: South America - Forecast for Folding Furniture Market (Billion US$), 2022 - 2027
  • Figure-31: Dorel Industries Inc - Global Revenue (Million US$), 2017 - 2021
  • Figure-32: Dorel Industries Inc - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-33: Inter Ikea Systerms B.V - Global Revenue (Million US$), 2017 - 2021
  • Figure-34: Inter Ikea Systerms B.V - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-35: La-Z-Boy Inc. - Global Revenue (Million US$), 2017 - 2021
  • Figure-36: La-Z-Boy Inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-37: Leggett & Platt Inc. - Global Revenue (Million US$), 2017 - 2021
  • Figure-38: Leggett & Platt Inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-39: Haworth - Global Revenue (Million US$), 2017 - 2021
  • Figure-40: Haworth - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-41: Bassett Furniture Industries inc. - Global Revenue (Million US$), 2017 - 2021
  • Figure-42: Bassett Furniture Industries inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-43: Flaxseed Industries Inc. - Global Revenue (Million US$), 2017 - 2021
  • Figure-44: Flaxseed Industries Inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-45: Home Depot - Global Revenue (Million US$), 2017 - 2021
  • Figure-46: Home Depot - Forecast for Global Revenue (Million US$), 2022 - 2027

List of Tables

  • Table-01: Global - Folding Furniture Market Share by Product Type (Percent), 2018 - 2021
  • Table-02: Global - Forecast for Folding Furniture Market Share by Product Type (Percent), 2022 - 2027
  • Table-03: Global - Folding Furniture Market Share by Application (Percent), 2018 - 2021
  • Table-04: Global - Forecast for Folding Furniture Market Share by Application (Percent), 2022 - 2027
  • Table-05: Global - Folding Furniture Market Share by Distribution Channel (Percent), 2018 - 2021
  • Table-06: Global - Forecast for Folding Furniture Market Share by Distribution Channel (Percent), 2022 - 2027
  • Table-07: Global - Folding Furniture Market Share by Region (Percent), 2018 - 2021
  • Table-08: Global - Forecast for Folding Furniture Market Share by Region (Percent), 2022 - 2027
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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