India Folding Furniture Market By Type Product, By End User, By Distribution Channel (Furniture Retail Outlets, Supermarket & Hypermarket, Home Decor Shops, Others), By Region, Competition Forecast and Opportunities, 2019-2029F

Description

The India folding furniture market is anticipated to be driven by growing demand for space-saving furniture products designed specifically for small spaces.

The size of the houses is shrinking as the country's population grows. People have started living in small houses or flats as a result of industrialization and other factors. According to the study, the average apartment size in the top seven cities - Mumbai Metropolitan Region (MMR), Delhi-National Capital Region (NCR), Pune, Chennai, Bengaluru, Hyderabad, and Kolkata - has decreased by 27% in the last five years, falling from 1,400 sq ft in 2014 to nearly 1,020 sq ft in 2019. The main reason for the growth of folding furniture is its compact structure and multiple usability, such as sofa bed, folding ladder, folding chair bed, folding recliner chair, and so on. Another reason for their popularity is their low cost online availability, which has increased the market growth.

The real estate industry's rapid expansion is helping to drive up demand for folding furniture in both residential and business settings. In addition, the market is growing as a result of the rising trend of small and integrated modular homes brought on by the rise in nuclear families. This is also addressed by the rise in popularity of minimalist furniture types brought on by shifting lifestyles and quick urbanization. Furthermore, major players are selling customized furniture through online retail channels.

Market Overview
Forecast Period	2025-2029
Market Size 2023	USD450 Million
Market Size 2029	USD650 Million
CAGR	7%
Fastest Growing Segment	Folding Chair
Largest Market	South India

Increasing Demand for Space-Saving Products Boost the Market Demand

The increase in the number of small rooms and the shifting trend towards smaller flats has increased the market demand for folding furniture. When not in use, these products take up the least amount of space and are just as functional and useful as any other type of furniture. While this feature is especially useful for small spaces, it allows to easily organize the favorite decorative objects. Rather than disorganizing the home and making it appear gloomy, investing in folding furniture to solve the space problem quickly and effectively is the better option. The space-saving furnishings address a variety of issues and are designed to fit easily into the space. The folding chair, table, and bed are among the most popular home furnishings designs in India these days. As people become more concerned about saving space, the market for folding furniture is expected to grow in the coming years.

Easy Portable Furniture Fueled the Market Growth

Moving heavy items from one location to another is one of the most difficult tasks that arise while shifting to a new house. Also, when moving things to a new place, furniture is frequently harmed by starches, etc., which is the main growth opportunity that drives the folding furniture market growth. These issues will not arise because folding furniture is simple to transport from one location to another. For example, Nilkamal foldable furniture is very well built and automated, so that it can be easily moved from one spot to another. Furthermore, foldable furniture is lighter than traditional furniture, making it the most popular type of furniture. Furthermore, the rise in demand for minimalist furniture designs is driving the growth in the market.

Rising Residential Sector Boost the Industry

The need for folding furniture is rising due to factors such as growing urbanization, increasing residential construction activities, and rapid advancements in the field of folding furniture.. According to a PropTiger.com report, (which is an online real estate advisor portal) home sales in India's eight prime housing markets increased by 13% in 2021 compared to overall sales in 2020. In terms of new supply, 2021 saw a much sharper increase than 2020, with 2.14 lakh units launched in 2021 compared to 1.22 lakh units in 2020, representing a 75% increase. Residential customers are particularly fond of folding chairs, tables, sofas, mattresses, table trays, and other items of furniture. This type of multi-functionality and space saving features improve the interior design of the room. However, the sudden COVID-19 pandemic and the ensuing acceptance of the work-from-home (WFH) model have also aided in the widespread use of folding furniture to design unique working areas in houses. In such a scenario, people have begun to decorate and repurpose their living spaces in order to make them worthwhile. In the process, consumers have realized that space-saving furniture that doubles as two or three things or can be folded and stored in compact forms are currently the go-to products, which has led to an increase in the market demand during the forecast period.

Market Segmentation

The India Folding Furniture Market is segmented based on product type, end user, distribution channel, region, and company. Based on product type, the market is further segmented into chairs, tables, sofas, and beds. Based on end user, the India folding furniture market is segmented into residential, commercial. Based on distribution channel, the market is further segmented into furniture retail outlets, supermarket & hypermarket, home decor shops, others (wholesales, distributors,).

Company Profiles

Godrej and Boyce Manufacturing Company Limited, Nilkamal Limited, IKEA India Private Limited, Ashley Furniture, Pepperfry Limited, The Wooden Street Furniture Private Limited, Krini Furniture Pvt Ltd., Homevista Decor and Furnishings Pvt. Ltd, Etsystore Private Limited, Ribbonic Wallbed, are among the top players operating in the India folding furniture market.

Report Scope:

In this report, India folding furniture market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

India Folding Furniture Market, By Product Type:

Chairs
Tables
Sofas
Beds

India Folding Furniture Market, By End User:

Residential
Commercial

India Folding Furniture Market, By Distribution Channel:

Furniture Retail Outlets
Supermarket & Hypermarket
Home Decor Shops
Others

India Folding Furniture Market, By Region:

North
South
East
West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Folding Furniture market.

Available Customizations

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Product Code: 14774

1. Introduction

1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments

4. Voice of Customer Analysis (B2C Model Analysis)

4.1. Sample Size Determination
4.2. Respondent Demographics
- 4.2.1. By Gender
- 4.2.2. By Age
- 4.2.3. By Occupation
4.3. Brand Awareness
4.4. Factors Influencing Purchase Decision
4.5. Customer Satisfaction

5. India Folding Furniture Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Product Type Market Share Analysis (Chairs, Tables, Sofas and Beds)
- 5.2.2. By End User Market Share Analysis (Residential, Commercial)
- 5.2.3. By Distribution Channel Market Share Analysis (Furniture Retail Outlets, Supermarket & Hypermarket, Home Decor Shops, Others (Wholesales, Distributors,)
- 5.2.4. By Regional Market Share Analysis
  - 5.2.4.1. North India Market Analysis
  - 5.2.4.2. South India Market Analysis
  - 5.2.4.3. East India Market Analysis
  - 5.2.4.4. West India Market Analysis
- 5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. India Folding Furniture Market Mapping & Opportunity Assessment
- 5.3.1. By Product Type Market Mapping & Opportunity Assessment
- 5.3.2. By End User Market Mapping & Opportunity Assessment
- 5.3.3. By Distribution Channel Market Mapping & Opportunity Assessment
- 5.3.4. By Regional Market Mapping & Opportunity Assessment

6. India Folding Chair Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By End User Market Share Analysis
- 6.2.2. By Distribution Channel Market Share Analysis

7. India Folding Tables Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By End User Market Share Analysis
- 7.2.2. By Distribution Channel Market Share Analysis

8. India Folding Sofas Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By End User Market Share Analysis
- 8.2.2. By Distribution Channel Market Share Analysis

9. India Folding Beds Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By End User Market Share Analysis
- 9.2.2. By Distribution Channel Market Share Analysis

10. Market Dynamics

10.1. Drivers
- 10.1.1. Shifting trend towards small sized apartments
- 10.1.2. Growing demand for compact and multi-functional furniture
- 10.1.3. Rising construction in residential sector
10.2. Challenges
- 10.2.1. High cost of raw material
- 10.2.2. Supply chain constrains

11. Impact of COVID-19 on India Folding Furniture Market

11.1. Impact Assessment Model
- 11.1.1. Key Segments Impacted
- 11.1.2. Key Regions Impacted
- 11.1.3. Key Distribution Channel Impacted

12. Market Trends & Developments

12.1. Rising demand for eco-friendly products
12.2. Increasing investment in folding furniture
12.3. High demand from online channels
12.4. Expanding demand for easy portable furniture
12.5. Growing demand in commercial sectors

13. Porter's Five Forces Model

13.1. Competitive Rivalry
13.2. Bargaining Power of Buyers
13.3. Bargaining Power of Suppliers
13.4. Threat of New Entrants
13.5. Threat of Substitutes

14. SWOT Analysis

14.1. Strengths
14.2. Weaknesses
14.3. Opportunities
14.4. Threats

15. India Economic Profile

16. Policy & Regulatory Landscape

17. Competitive Landscape

17.1. Company Profiles
- 17.1.1. Godrej and Boyce Manufacturing Company Limited
  - 17.1.1.1. Company Details
  - 17.1.1.2. Product & Services
  - 17.1.1.3. Financials (As Per Availability)
  - 17.1.1.4. Key Market Focus & Geographical Presence
  - 17.1.1.5. Recent Developments
  - 17.1.1.6. Key Management Personnel
- 17.1.2. Nilkamal Limited
  - 17.1.2.1. Company Details
  - 17.1.2.2. Product & Services
  - 17.1.2.3. Financials (As Per Availability)
  - 17.1.2.4. Key Market Focus & Geographical Presence
  - 17.1.2.5. Recent Developments
  - 17.1.2.6. Key Management Personnel
- 17.1.3. IKEA India Private Limited
  - 17.1.3.1. Company Details
  - 17.1.3.2. Product & Services
  - 17.1.3.3. Financials (As Per Availability)
  - 17.1.3.4. Key Market Focus & Geographical Presence
  - 17.1.3.5. Recent Developments
  - 17.1.3.6. Key Management Personnel
- 17.1.4. Ashley Furniture
  - 17.1.4.1. Company Details
  - 17.1.4.2. Product & Services
  - 17.1.4.3. Financials (As Per Availability)
  - 17.1.4.4. Key Market Focus & Geographical Presence
  - 17.1.4.5. Recent Developments
  - 17.1.4.6. Key Management Personnel
- 17.1.5. Pepperfry Limited
  - 17.1.5.1. Company Details
  - 17.1.5.2. Product & Services
  - 17.1.5.3. Financials (As Per Availability)
  - 17.1.5.4. Key Market Focus & Geographical Presence
  - 17.1.5.5. Recent Developments
  - 17.1.5.6. Key Management Personnel
- 17.1.6. The Wooden Street Furniture Private Limited
  - 17.1.6.1. Company Details
  - 17.1.6.2. Product & Services
  - 17.1.6.3. Financials (As Per Availability)
  - 17.1.6.4. Key Market Focus & Geographical Presence
  - 17.1.6.5. Recent Developments
  - 17.1.6.6. Key Management Personnel
- 17.1.7. Krini Furniture Pvt Ltd.
  - 17.1.7.1. Company Details
  - 17.1.7.2. Product & Services
  - 17.1.7.3. Financials (As Per Availability)
  - 17.1.7.4. Key Market Focus & Geographical Presence
  - 17.1.7.5. Recent Developments
  - 17.1.7.6. Key Management Personnel
- 17.1.8. Homevista Decor and Furnishings Pvt. Ltd
  - 17.1.8.1. Company Details
  - 17.1.8.2. Product & Services
  - 17.1.8.3. Financials (As Per Availability)
  - 17.1.8.4. Key Market Focus & Geographical Presence
  - 17.1.8.5. Recent Developments
  - 17.1.8.6. Key Management Personnel
- 17.1.9. Etsystore Private Limited
  - 17.1.9.1. Company Details
  - 17.1.9.2. Product & Services
  - 17.1.9.3. Financials (As Per Availability)
  - 17.1.9.4. Key Market Focus & Geographical Presence
  - 17.1.9.5. Recent Developments
  - 17.1.9.6. Key Management Personnel
- 17.1.10. Ribbonic Wallbed
  - 17.1.10.1. Company Details
  - 17.1.10.2. Product & Services
  - 17.1.10.3. Financials (As Per Availability)
  - 17.1.10.4. Key Market Focus & Geographical Presence
  - 17.1.10.5. Recent Developments
  - 17.1.10.6. Key Management Personnel

18. Strategic Recommendations/Action Plan

18.1. Key Focus Areas
18.2. Target Product Type
18.3. Target Distribution Channel

19. About Us & Disclaimer

Note: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2023E, the data represents the period, 1st April 2022 to 31st March 2023.

(Note: The companies list can be customized based on the client requirements.)