Folding Furniture Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product Type, Application, Material, and Distribution Channel

Description

List of Tables

The folding furniture market was valued at US$ 3,070.80 million in 2019 and is projected to reach US$ 4,754.29 Million by 2027; it is expected to grow at a CAGR of 5.7% from 2020 to 2027. The demand for folding furniture is rising with rapid urbanization coupled with significant growth in residential sector and rapid advancement related to folding furniture. Folding furniture such as chairs, tables, sofas, beds, table trays, and others are quite popular among both the residential and commercial customers.

Based on application, the global folding furniture market is bifurcated into residential and commercial. The residential segment led the market in 2019. The market growth for this segment is fueled by rising government initiatives on household electrification in the residential sector, majorly in emerging economies such as China and India. In addition, rising urbanization and increasing disposable income of the populace augments the residential construction activities. Also, growing focus toward economical, space saving, and portable furniture which could suit miniaturized residential structures is expected to drive the market growth for residential segment in the forecast period.

Geographically, the folding furniture market is segmented into North America, Europe, Asia Pacific (APAC), South America (SAM), and Middle East & Africa (MEA). In 2019, Asia Pacific contributed to the largest share in the market. Attributed to region's flourishing economic conditions, there has been a spur in the region's industrial activities. The exponential growth in the residential and commercial sector drives the demand for folding furniture. The upsurge in the middle-class population along with growth in urbanization offer lucrative opportunities for the key players operating in the folding furniture market in Asia Pacific.

The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of February 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are disrupting the business collaborations and partnerships opportunities. All these factors are anticipated to hinder the consumer goods industry and thus act as restraining factor for the growth of folding furniture market.

Ashley Furniture Industries; Bush Industries, Inc.; Dorel Industries Inc.; Haworth, Inc.; Inter IKEA Holding B.V.; La-Z-Boy, Inc.; Meco Corporation; Sauder Woodworking Company; Atlas Industries; Table-Mate USA, LLC; Plastic Development Group; Leggett & Platt, Inc.; Murphy Wall-Beds Hardware Inc.; among others are among the major players operating in the global folding furniture market.

The overall global folding furniture market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the global folding furniture market.

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Product Code: TIPRE00007010

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection
- 3.2.2 Primary Interviews
- 3.2.3 Hypothesis formulation
- 3.2.4 Macro-economic factor analysis
- 3.2.5 Developing base number
- 3.2.6 Data Triangulation
- 3.2.7 Country level data

4. Folding Furniture Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 North America
- 4.2.2 Europe
- 4.2.3 APAC
- 4.2.4 MEA
- 4.2.5 SAM
4.3 Expert Opinion

5. Folding Furniture Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Demand for Portable, Multifunctional and Space-saving Furniture
- 5.1.2 Rapid Urbanization along with Growth of Residential Sector
- 5.1.3 Rising Demand for Portable, Multifunctional and Space-saving Furniture
5.2 Key Market Restraints
- 5.2.1 High Cost of Raw Material May Impede Market Growth
5.3 Key Market Opportunities
- 5.3.1 Rapid Advancement related to Folding Furniture
5.4 Key Trends
- 5.4.1 Adoption of Eco-Friendly Materials
5.5 Impact Analysis

6. Folding Furniture - Global Market Analysis

6.1 Folding Furniture Market Overview
6.2 Folding Furniture Market -Revenue and Forecast to 2027 (US$ Million)
6.3 Competitive Positioning - Key Market Players

7. Folding Furniture Market Analysis - By Product Type

7.1 Overview
7.2 Global Folding Furniture Market Breakdown, By Product Type, 2019 & 2027
7.3 Table And Chair
- 7.3.1 Overview
- 7.3.2 Table And Chair: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
- 7.3.3 Table And Chair: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
7.4 Sofas
- 7.4.1 Overview
- 7.4.2 Sofas: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
- 7.4.3 Sofas: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
7.5 Beds
- 7.5.1 Overview
- 7.5.2 Beds: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
- 7.5.3 Beds: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
7.6 Table TV Trays
- 7.6.1 Overview
- 7.6.2 Table TV Trays: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
- 7.6.3 Table TV Trays: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
- 7.7.3 Others: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)

8. Global Folding Furniture Market Analysis - By Application

8.1 Overview
8.2 Global Folding Furniture Market Breakdown, By Application, 2019 & 2027
8.3 Residential
- 8.3.1 Overview
- 8.3.2 Residential: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
- 8.3.3 Residential: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
8.4 Commercial
- 8.4.1 Overview
- 8.4.2 Commercial: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
- 8.4.3 Commercial: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)

9. Global Folding Furniture Market Analysis - By Material

9.1 Overview
9.2 Global Folding Furniture Market Breakdown, By Material, 2019 & 2027
9.3 Wood
- 9.3.1 Overview
- 9.3.2 Wood: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
- 9.3.3 Wood: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
9.4 Metal
- 9.4.1 Overview
- 9.4.2 Metal: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
- 9.4.3 Metal: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
9.5 Plastic
- 9.5.1 Overview
- 9.5.2 Plastic: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
- 9.5.3 Plastic: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
- 9.6.3 Others: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)

10. Global Folding Furniture Market Analysis - By Distribution Channel

10.1 Overview
10.2 Global Folding Furniture Market Breakdown, By Distribution Channel, 2019 & 2027
10.3 Store-based
- 10.3.1 Overview
- 10.3.2 Store-Based : Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
- 10.3.3 Store-Based: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
10.4 Non Store-based
- 10.4.1 Overview
- 10.4.2 Non Store-Based: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)
- 10.4.3 Non Store-Based: Global Folding Furniture Market, Revenue And Forecast To 2027 (US$ Million)

11. Folding Furniture Market - Geographic Analysis

11.1 Overview
11.2 North America: Folding Furniture Market
- 11.2.1 North America: Folding Furniture Market -Revenue and Forecast to 2027 (US$ Million)
- 11.2.2 North America: Folding Furniture Market, By Product Type
- 11.2.3 North America: Folding Furniture Market, by Application
- 11.2.4 North America: Folding Furniture Market, by Material
- 11.2.5 North America: Folding Furniture Market, by Distribution Channel
- 11.2.6 North America: Folding Furniture Market, by Key Country
  - 11.2.6.1 US: Folding Furniture Market - Revenue and Forecast to 2027 (US$ Million)
    - 11.2.6.1.1 US: Folding Furniture Market, by Product Type
    - 11.2.6.1.2 US: Folding Furniture Market, by Application
    - 11.2.6.1.3 US: Folding Furniture Market, by Material
    - 11.2.6.1.4 US: Folding Furniture Market, by Distribution Channel
  - 11.2.6.2 Canada: Folding Furniture Market - Revenue and Forecast to 2027 (US$ Million)
    - 11.2.6.2.1 Canada: Folding Furniture Market, by Product Type
    - 11.2.6.2.2 Canada: Folding Furniture Market, by Application
    - 11.2.6.2.3 Canada: Folding Furniture Market, by Material
    - 11.2.6.2.4 Canada: Folding Furniture Market, by Distribution Channel
  - 11.2.6.3 Mexico: Folding Furniture Market - Revenue and Forecast to 2027 (US$ Million)
    - 11.2.6.3.1 Mexico: Folding Furniture Market, by Product Type
    - 11.2.6.3.2 Mexico: Folding Furniture Market, by Application
    - 11.2.6.3.3 Mexico: Folding Furniture Market, by Material
    - 11.2.6.3.4 Mexico: Folding Furniture Market, by Distribution Channel
11.3 Europe: Folding Furniture Market
- 11.3.1 Europe: Folding Furniture Market -Revenue and Forecast to 2027 (US$ Million)
- 11.3.2 Europe: Folding Furniture Market, By Product Type
- 11.3.3 Europe: Folding Furniture Market, by Application
- 11.3.4 Europe: Folding Furniture Market, by Material
- 11.3.5 Europe: Folding Furniture Market, by Distribution Channel
- 11.3.6 Europe: Folding Furniture Market, by Key Country
  - 11.3.6.1 Germany: Folding Furniture Market - Revenue And Forecast To 2027 (US$ Million)
    - 11.3.6.1.1 Germany: Folding Furniture Market, by Product Type
    - 11.3.6.1.2 Germany: Folding Furniture Market, by Application
    - 11.3.6.1.3 Germany: Folding Furniture Market, by Material
    - 11.3.6.1.4 Germany: Folding Furniture Market, by Distribution Channel
  - 11.3.6.2 France: Folding Furniture Market - Revenue And Forecast To 2027 (US$ Million)
    - 11.3.6.2.1 France: Folding Furniture Market, by Product Type
    - 11.3.6.2.2 France: Folding Furniture Market, by Application
    - 11.3.6.2.3 France: Folding Furniture Market, by Material
    - 11.3.6.2.4 France: Folding Furniture Market, by Distribution Channel
  - 11.3.6.3 Italy: Folding Furniture Market - Revenue And Forecast To 2027 (US$ Million)
    - 11.3.6.3.1 Italy: Folding Furniture Market, by Product Type
    - 11.3.6.3.2 Italy: Folding Furniture Market, by Application
    - 11.3.6.3.3 Italy: Folding Furniture Market, by Material
    - 11.3.6.3.4 Italy: Folding Furniture Market, by Distribution Channel
  - 11.3.6.4 UK: Folding Furniture Market - Revenue And Forecast To 2027 (US$ Million)
    - 11.3.6.4.1 UK: Folding Furniture Market, by Product Type
    - 11.3.6.4.2 UK: Folding Furniture Market, by Application
    - 11.3.6.4.3 UK: Folding Furniture Market, by Material
    - 11.3.6.4.4 UK: Folding Furniture Market, by Distribution Channel
  - 11.3.6.5 Russia: Folding Furniture Market - Revenue And Forecast To 2027 (Us$ Million)
    - 11.3.6.5.1 Russia: Folding Furniture Market, by Product Type
    - 11.3.6.5.2 Russia: Folding Furniture Market, by Application
    - 11.3.6.5.3 Russia: Folding Furniture Market, by Material
    - 11.3.6.5.4 Russia: Folding Furniture Market, by Distribution Channel
  - 11.3.6.6 Rest Of Europe: Folding Furniture Market - Revenue And Forecast To 2027 (US$ Million)
    - 11.3.6.6.1 Rest of Europe: Folding Furniture Market, by Product Type
    - 11.3.6.6.2 Rest of Europe: Folding Furniture Market, by Application
    - 11.3.6.6.3 Rest of Europe: Folding Furniture Market, by Material
    - 11.3.6.6.4 Rest of Europe: Folding Furniture Market, by Distribution Channel
11.4 Asia Pacific: Folding Furniture Market
- 11.4.1 Asia Pacific: Folding Furniture Market -Revenue and Forecast to 2027 (US$ Million)
- 11.4.2 Asia Pacific: Folding Furniture Market, By Product Type
- 11.4.3 Asia Pacific: Folding Furniture Market, by Application
- 11.4.4 Asia Pacific: Folding Furniture Market, by Material
- 11.4.5 Asia Pacific: Folding Furniture Market, by Distribution Channel
- 11.4.6 Asia Pacific: Folding Furniture Market, by Key Country
  - 11.4.6.1 Australia: Folding Furniture Market -Revenue And Forecast To 2027 (US$ Million)
    - 11.4.6.1.1 Australia: Folding Furniture Market, by Product Type
    - 11.4.6.1.2 Australia: Folding Furniture Market, by Application
    - 11.4.6.1.3 Australia: Folding Furniture Market, by Material
    - 11.4.6.1.4 Australia: Folding Furniture Market, by Distribution Channel
  - 11.4.6.2 China: Folding Furniture Market -Revenue And Forecast To 2027 (US$ Million)
    - 11.4.6.2.1 China: Folding Furniture Market, by Product Type
    - 11.4.6.2.2 China: Folding Furniture Market, by Application
    - 11.4.6.2.3 China: Folding Furniture Market, by Material
    - 11.4.6.2.4 China: Folding Furniture Market, by Distribution Channel
  - 11.4.6.3 Japan: Folding Furniture Market -Revenue And Forecast To 2027 (US$ Million)
    - 11.4.6.3.1 Japan: Folding Furniture Market, by Product Type
    - 11.4.6.3.2 Japan: Folding Furniture Market, by Application
    - 11.4.6.3.3 Japan: Folding Furniture Market, by Material
    - 11.4.6.3.4 Japan: Folding Furniture Market, by Distribution Channel
  - 11.4.6.4 India: Folding Furniture Market -Revenue And Forecast To 2027 (US$ Million)
    - 11.4.6.4.1 India: Folding Furniture Market, by Product Type
    - 11.4.6.4.2 India: Folding Furniture Market, by Application
    - 11.4.6.4.3 India: Folding Furniture Market, by Material
    - 11.4.6.4.4 India: Folding Furniture Market, by Distribution Channel
  - 11.4.6.5 South Korea: Folding Furniture Market -Revenue And Forecast To 2027 (US$ Million)
    - 11.4.6.5.1 South Korea: Folding Furniture Market, by Product Type
    - 11.4.6.5.2 South Korea: Folding Furniture Market, by Application
    - 11.4.6.5.3 South Korea: Folding Furniture Market, by Material
    - 11.4.6.5.4 South Korea: Folding Furniture Market, by Distribution Channel
  - 11.4.6.6 Rest Of Asia Pacific: Folding Furniture Market -Revenue And Forecast To 2027 (US$ Million)
    - 11.4.6.6.1 Rest of Asia Pacific: Folding Furniture Market, by Product Type
    - 11.4.6.6.2 Rest of Asia Pacific: Folding Furniture Market, by Application
    - 11.4.6.6.3 Rest of Asia Pacific: Folding Furniture Market, by Material
    - 11.4.6.6.4 Rest of Asia Pacific: Folding Furniture Market, by Distribution Channel
11.5 MEA: Folding Furniture Market
- 11.5.1 MEA: Folding Furniture Market -Revenue and Forecast to 2027 (US$ Million)
- 11.5.2 MEA: Folding Furniture Market, By Product Type
- 11.5.3 MEA: Folding Furniture Market, by Application
- 11.5.4 MEA: Folding Furniture Market, by Material
- 11.5.5 MEA: Folding Furniture Market, by Distribution Channel
- 11.5.6 MEA: Folding Furniture Market, by Key Country
  - 11.5.6.1 South Africa: Folding Furniture Market -Revenue And Forecast To 2027 (Us$ Million)
    - 11.5.6.1.1 South Africa: Folding Furniture Market, by Product Type
    - 11.5.6.1.2 South Africa: Folding Furniture Market, by Application
    - 11.5.6.1.3 South Africa: Folding Furniture Market, by Material
    - 11.5.6.1.4 South Africa: Folding Furniture Market, by Distribution Channel
  - 11.5.6.2 Saudi Arabia: Folding Furniture Market -Revenue And Forecast To 2027 (US$ Million)
    - 11.5.6.2.1 Saudi Arabia: Folding Furniture Market, by Product Type
    - 11.5.6.2.2 Saudi Arabia: Folding Furniture Market, by Application
    - 11.5.6.2.3 Saudi Arabia: Folding Furniture Market, by Material
    - 11.5.6.2.4 Saudi Arabia: Folding Furniture Market, by Distribution Channel
  - 11.5.6.3 UAE: Folding Furniture Market -Revenue And Forecast To 2027 (US$ Million)
    - 11.5.6.3.1 UAE: Folding Furniture Market, by Product Type
    - 11.5.6.3.2 UAE: Folding Furniture Market, by Application
    - 11.5.6.3.3 UAE: Folding Furniture Market, by Material
    - 11.5.6.3.4 UAE: Folding Furniture Market, by Distribution Channel
  - 11.5.6.4 Rest Of MEA: Folding Furniture Market -Revenue And Forecast To 2027 (US$ Million)
    - 11.5.6.4.1 Rest of MEA: Folding Furniture Market, by Product Type
    - 11.5.6.4.2 Rest of MEA: Folding Furniture Market, by Application
    - 11.5.6.4.3 Rest of MEA: Folding Furniture Market, by Material
    - 11.5.6.4.4 Rest of MEA: Folding Furniture Market, by Distribution Channel
11.6 SAM: Folding furniture Market
- 11.6.1 SAM: Folding Furniture Market -Revenue and Forecast to 2027 (US$ Million)
- 11.6.2 SAM: Folding Furniture Market, By Product Type
- 11.6.3 SAM: Folding Furniture Market, by Application
- 11.6.4 SAM: Folding Furniture Market, by Material
- 11.6.5 SAM: Folding Furniture Market, by Distribution Channel
- 11.6.6 SAM: Folding Furniture Market, by Key Country
  - 11.6.6.1 Brazil: Folding Furniture Market - Revenue And Forecast To 2027 (US $ Million)
    - 11.6.6.1.1 Brazil: Folding Furniture Market, by Product Type
    - 11.6.6.1.2 Brazil: Folding Furniture Market, by Application
    - 11.6.6.1.3 Brazil: Folding Furniture Market, by Material
    - 11.6.6.1.4 Brazil: Folding Furniture Market, by Distribution Channel
  - 11.6.6.2 Argentina: Folding Furniture Market - Revenue And Forecast To 2027 (US $ Million)
    - 11.6.6.2.1 Argentina: Folding Furniture Market, by Product Type
    - 11.6.6.2.2 Argentina: Folding Furniture Market, by Application
    - 11.6.6.2.3 Argentina: Folding Furniture Market, by Material
    - 11.6.6.2.4 Argentina: Folding Furniture Market, by Distribution Channel
  - 11.6.6.3 Rest Of SAM: Folding Furniture Market - Revenue And Forecast To 2027 (US $ Million)
    - 11.6.6.3.1 Rest of SAM: Folding Furniture Market, by Product Type
    - 11.6.6.3.2 Rest of SAM: Folding Furniture Market, by Application
    - 11.6.6.3.3 Rest of SAM: Folding Furniture Market, by Material
    - 11.6.6.3.4 Rest of SAM: Folding Furniture Market, by Distribution Channel

12. Overview- Impact of COVID-19

12.1 North America: Impact Assessment of COVID-19 Pandemic
12.2 Europe: Impact Assessment of COVID-19 Pandemic
12.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.5 South America: Impact Assessment of COVID-19 Pandemic

13. Company Profiles

13.1 Ashley Furniture Industries
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
13.2 Bush Industries, Inc.
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
13.3 Dorel Industries Inc.
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Haworth Inc.
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
13.5 Inter IKEA Systems B.V.
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
13.6 La-Z-Boy Inc.
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Meco Corporation
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
13.8 Sauder Woodworking Company
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
13.9 ATLAS INDUSTRIES
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
13.10 Table-Mate USA LLC
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
13.11 Plastic Development Group
- 13.11.1 Key Facts
- 13.11.2 Business Description
- 13.11.3 Products and Services
- 13.11.4 Financial Overview
- 13.11.5 SWOT Analysis
13.12 Leggett & Platt, Inc.
- 13.12.1 Key Facts
- 13.12.2 Business Description
- 13.12.3 Products and Services
- 13.12.4 Financial Overview
- 13.12.5 SWOT Analysis
13.13 Murphy Wall Beds Hardware Inc.
- 13.13.1 Key Facts
- 13.13.2 Business Description
- 13.13.3 Products and Services
- 13.13.4 Financial Overview
- 13.13.5 SWOT Analysis

14. Appendix

14.1 About The Insight Partners
14.2 Glossary