Folding Furniture Market 2020 Share, Trends, Segmentation and Forecast by 2025

Global Folding Furniture Market is valued at USD 3145.95 Million in 2018 and expected to reach USD 4985.99 Million by 2025 with the CAGR of 6.80% over the forecast period.

Global Folding Furniture Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Global Folding Furniture Market place for the forecast 2019– 2025.

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Market Analysis of Folding Furniture –

The adoption of the furniture which is foldable is seeing a rise in the countries which are more populous in the world like Delhi, New York, Tokyo and Beijing due to the increase in smaller number of homes. This type of furniture takes the economy of space into account and that is the reason why its popularity has been expected to rise in the consumers in the period of forecast. The rapid levels of urbanization and the trend of co-working have been responsible in the United States for the growth of this market. Further, there is a growth of real estate in the market which is influencing the global foldable furniture market. In the United States, there is also a growing trend of the millennials opting for the apartments which are a lot more affordable and also multifunctional and this market of folding furniture caters to this very class of people who live in an urbanized and dynamic way.

The global market of foldable furniture and their manufacturers are attempting to cater to the ways of life for the consumers in metropolitan cities and have been looking to add a lot more features which make folding furniture a lot more attractive. For catering to the needs of the consumers who are transforming from working to living mode, the players of the global foldable furniture market are expanding their portfolios too. The offerings in the market are a lot more focused at being lighter in weight and appealing in terms of their aesthetics as well as contoured ergonomically and are therefore supplementing this growth in the market of folding furniture. The global foldable furniture market has been expected to see a growth at a good level in the period of forecast.

Folding Furniture Market Key Players Analysis –

Meco Corporation, Dorel Industries Inc., Inter Ikea Systems B.V., Bush Industries, Inc., Sauder Woodworking Company, Haworth Inc., Lifetime Products Inc., Resource Furniture, Expand Furniture, Murphy Wall Beds Hardware Inc., Ashley Furniture Industries, Flexsteel Industries, Inc., La-Z-Boy Inc., Leggett & Platt Inc., Home Depot, Inc.

It has been observed that a lot of young people are moving to the larger cities in search of better opportunities. This is a phenomenon which is decreasing the average available are gradually. This is bringing about a transformation in the furniture world and making it best suitable for these problems. Cities such as Beijing have a higher level of potential of growth for this market. Another major factor which drives the growth is the decrease in average space of living and an increase in the space which is available specifically in the options of Karachi, Kolkata Shenzhen and Mumbai along with more cities which have a high potential of growth.

Folding Furniture Key Market Segments –

By Product Type

Chairs, Tables, Sofas, Beds, Other furniture

By Application

Residential, Commercial

By Distribution Channel

Offline, Online

Folding Furniture Market by Regional Analysis

North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa

The manufacturers have been making the efforts for innovating products of furniture which pertain to the needs of the consumers. The companies have been looking at markets of India and China for the shares of the global foldable furniture market and the manufacturers like IKEA have been planning on opening their stores in India and increasing their distribution network in China. There is a growth in the raw materials in the global foldable furniture market too in recent years and that has been reducing the costs of the market which is making it more and more affordable and enhancing the growth in the recent years. The price of high fibres as well as foams has been hampering the growth in the global foldable furniture market.

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