Folding Furniture Market Size Worth US$ 4,754.29MN, Globally, by 2027 at 5.7% CAGR

NEW YORK, May 11, 2022 /PRNewswire/ — The Insight Partners published latest research study on 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. Folding Furniture Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Product Type (Table and Chair, Sofas, Beds, Table TV Trays, and Others), Application (Residential and Commercial), Material (Wood, Metal, Plastic, and Others), and Distribution Channel (Store-Based and Non Store-Based). The report highlights key factors driving the market growth and prominent players along with their developments in the market. With rising disposable income, shift in lifestyle, and rising trend towards the adoption of folding furniture, consumers are looking out for inspiring design for folding furniture which exudes relaxation, luxury, and comfort. It is attributable to the versatility, functionality, and style of the furniture developed, which has led to increased adoption of such furniture.

The Insight Partners Logo

Based on product type, the folding furniture market is segmented into table and chair, sofas, beds, table TV trays, and others. In 2019, the table and chair segment held the largest share of the market. A few common types of folding furniture tables are the dining table, coffee table, and others. There is a range of specialized types of tables, such as drafting tables, used for architectural drawings. A combination of a table comes with two benches, mostly picnic tables, as often seen at camping sites and other events. Solid glass tabletop on a patio is quite popular.

The Sample Pages Showcases Content Structure and Nature of Information Included in This Research Study Which Presents a Qualitative and Quantitative Analysis: https://www.theinsightpartners.com/sample/TIPRE00007010/

Waterproof folding tables are usually made of materials such as mahogany, cast aluminum, teak, PE wicker, plastic, and PVC wicker. These materials are durable along with they can withstand the elements of wind, rain, and sun exposure. This table is used for both outdoors and indoors. Folding chairs vary in design and are primarily made of wood, metal, and synthetic materials. Folding chairs, rocking chairs, loungers, armchairs, and many others are quite popular among the customers. All these factors propel the growth of the folding furniture market globally.

Report Coverage

Details

Market Size Value in

US$ 3,070.80 Million in 2019

Market Size Value by

US$ 4,754.29 Million by 2027

Growth rate

CAGR of 5.7% from 2020-2027

Forecast Period

2020-2027

Base Year

2020

No. of Pages

184

No. Tables

110

No. of Charts & Figures

71

Historical data available

Yes

Segments covered

Product Type , Application , Material , and Distribution Channel

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Folding Furniture Market: Competitive Landscape and Key Developments

Ashley Furniture Industries, Dorel Industries Inc.., Inter IKEA Systems B.V., La-Z-Boy Inc., and Leggett & Platt, Inc. are amongst the major market players operating in the folding furniture market. These companies offer their products worldwide, which helps them in catering to a wider customer base. These major players in the market are highly focused on the development of high quality and innovative products to fulfill the customer’s requirements. Over the past few years, the companies operating in the market have realized the immense potential pertaining to the folding furniture market and were highly involved in strategies such as mergers & acquisition and product launch. For instance, in 2017, La-Z-Boy opened its 350th retail location in in Rockford, Illinois. The store occupies over 13,000 square feet, and offers a great selection of excellent looking furniture for entire home.

Schedule A Pre-Sale Discussion with The Author Team in A Slot That You Prefer to Address Queries on Scope of the Study, Customization, Introduction to Research Methodology, Assistance on Technologies and Market Definitions: https://www.theinsightpartners.com/inquiry/TIPRE00007010/

Rising demand for portable, multifunctional and space-saving furniture is expected to provide growth opportunities for the folding furniture industry. Folding furniture promotes portability and space saving and, thus, is considered to be essential for modern living. Besides being space-saving option, folding furniture are quite flexible and possess the capability to be folded, compact in flat or a small size. Such piece of furniture can be easily transformed, collapsed, or folded creating better space portability. In general, folding furniture are counted under lightweight and easily deployable structures which possess the ability to get transformed between various configurations in easy and effective manner.

Hence, the demand for such form of furniture is quite high amongst consumers. With the rapid advancement backed by strong research activities and rising consumer demand for aesthetic and comfortability, manufacturers are coming up with innovative concepts such as paper folding furniture, furniture involving pop up architectures and others. Such type of furniture has been designed to suit consumer aesthetic framework and comfortability. With the rising trend, consumers are looking out for inspiring design for folding furniture which exudes relaxation, luxury, and comfort. It is attributable to the versatility, functionality and style of the furniture developed which has led to increased adoption of such furniture.

Click Here to Avail Lucrative DISCOUNTS on Our Latest Research Reports. We Offer Student, Enterprise, and Special Periodic Discounts to Our Clientele. Please Fill the Form to Know DISCOUNTED PRICE

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.

In 2019, the folding furniture market was dominated by Asia- Pacific region at the global level. The largest market share of the Asia- Pacific region is primarily attributed to the 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, has influenced folding furniture market demand. The region encompasses an ample amount of opportunities for the growth of the market attributable to the rise in foreign direct investments along with rise in manufacturing spending towards better product offerings. The upsurge in the middle-class population along with growth in urbanization provides ample opportunities for the key market players in the folding furniture market.

Have A 15-Minute-Long Discussion with The Lead Research Analyst and Author of the Report in A Time Slot Decided by You. You Will Be Briefed About the Contents of the Report and Queries Regarding the Scope of the Document Will Be Addressed as Well: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00007010/

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.

Further, the demand for customized or contemporary furniture designs have considerably gone up owing to the growing preference towards durability, luxurious and stylish appearance. All such factors are evitable that the consumer has developed preference towards the aesthetic appeal of the furniture, which is expected to propel the overall demand for folding furniture.

Immediate Delivery of Our Off-The-Shelf Reports and Latest Research Studies, Through Flexible and Convenient Payment Methods: https://www.theinsightpartners.com/buy/TIPRE00007010/

Impact of COVID-19 Pandemic on Folding Furniture Market:

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.

Browse Latest and Related Reports:

Bedroom Furniture Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product (Beds, Dressers and Nightstand, Wardrobes, Others); Distribution Channel (Super Markets and Hyper Markets, Specialty Stores, Online Retail, Others) and Geography

Home Furnishing Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type (Furniture Bathroom Linen, Bedding and Linen, Carpets and Rugs, Curtains and Accessories.); Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others) and Geography

Metal Furniture Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Bed, Sofas and Chairs, Tables, Storage Units, Others); Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others) and Geography

Kids Furniture Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product (Tables, Chairs, Beds, Cribs, Mattresses, Others); Raw Material (Wood, Plastic, Metal, Others); Distribution Channel (Specialty Stores, Online Retail, Others) and Geography

Pet Furniture Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product (Beds and Sofas, Houses, Trees and Condos, Others); Pet Type (Dogs, Cats, Others); Distribution Channel (SuperMarkets and HyperMarkets, Sepcialty Store, Online Retail, Others) and Geography

Coated Fabrics Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Product (Polymer-Coated Fabrics, Rubber-Coated Fabrics, Fabric-Backed Wall Coverings); Application (Transportation, Protective Clothing, Industrial, Roofing, Awnings and Canopies, Furniture and Seating, Others) and Geography

Hospital Medical Furniture Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product (Cabinet and Casework, Metal Cabinets, Scrub Sinks, Bedside Tables, Medical Tables and Carts, Instrument Stand); Application (Physician/Surgeon’s Furniture, Patient’s Furniture, Support Staff’s Furniture)

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

Contact Person: Sameer Joshi
E-mail: [email protected]
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/folding-furniture-market

Cision

Cision

View original content:https://www.prnewswire.com/news-releases/folding-furniture-market-size-worth-us-4-754-29mn-globally-by-2027-at-5-7-cagr—exclusive-report-by-the-insight-partners-301544788.html

SOURCE The Insight Partners

https://finance.yahoo.com/news/folding-furniture-market-size-worth-100000926.html

Related Posts

New Horizons dev on how the furniture was made

Ami Takai worked on object design in Animal Crossing: New Horizons, specifically regarding furniture. In a post on Nintendo’s recruitment

The Design Story Behind Taschen’s SUMO Book Stands

Photo-Illustration: Courtesy of Taschen In 1999, Frank Goerhardt, a book-printing engineer at a small fine-art press in Verona, Italy, got

Luca Guadagnino Debuts Furniture and Lighting

The design studio of Academy Award-nominated director Luca Guadagnino has unveiled a collection of furniture inside an installation that takes