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Folding Furniture Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71770
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The folding furniture market share is expected to increase by USD 4.44 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.58%.

This folding furniture market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers folding furniture market segmentation by distribution channel (offline and online) and geography (APAC, North America, Europe, South America, and MEA). The folding furniture market report also offers information on several market vendors, including Ashley Furniture Industries Inc., Expand Furniture Inc, Flexfurn NV, Inter IKEA Holding BV, LaZBoy Inc., Lifetime Products Inc., Meco Corp., Murphy Wall Beds Hardware Inc., Resource Furniture LLC, and Walmart Inc. among others.

What will the Folding Furniture Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Folding Furniture Market Size for the Forecast Period and Other Important Statistics

 

Folding Furniture Market: Key Drivers and Challenges

The increased demand for space-saving furniture is notably driving the folding furniture market growth, although factors such as stringent regulations associated with manufacturing may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the folding furniture industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Folding Furniture Market Driver

The increasing demand for space-saving furniture is one of the primary factors driving the folding furniture market growth. The shrinking apartments size in urban and metropolitan cities, especially tier 1 and tier 2 cities has resulted in high demand for multi-purpose or space-saving furniture. Furniture such as wall-mounted beds and chairs, sofas that can convert to beds, and other folding furniture are multi-functional, compact, and easy to fit. They are, therefore, gaining popularity among end-users because of these characteristics. Significant changes in lifestyle have also increased the demand for small space studio apartments in developed economies such as the US and the UK. This is boosting the adoption of folding furniture, hence, several furniture companies are offering folding furniture for apartments and studio apartments to cater to this demand. These factors are expected to drive the folding furniture market growth during the forecast period.

Key Folding Furniture Market Challenge

One of the major factors that are expected to restrict the growth of the market is the various stringent regulations associated with manufacturing furniture and foldable furniture. Various stringent regulations associated with manufacturing, design, and various other environmental issues have forced manufacturers to manufacture folding furniture in cumbersome environments as they must adhere to various environmental regulations. Violations of these environmental regulations can cause large fines for manufacturers. Also, these regulations vary between countries. Although these varying regulations are advantageous to regional and local vendors, they are a significant threat to international vendors as they must change their production process according to regional regulations. 

This folding furniture market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Folding Furniture Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Ashley Furniture Industries Inc.
  • Expand Furniture Inc
  • Flexfurn NV
  • Inter IKEA Holding BV
  • LaZBoy Inc.
  • Lifetime Products Inc.
  • Meco Corp.
  • Murphy Wall Beds Hardware Inc.
  • Resource Furniture LLC
  • Walmart Inc.

 

This statistical study of the folding furniture market encompasses successful business strategies deployed by the key vendors. The folding furniture market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The folding furniture market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Folding Furniture Market?

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50% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for folding furniture in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

Rising urbanization, improved cost of living, and high spending capacity by the population in countries such as China, Japan, and India will facilitate the folding furniture market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the Folding Furniture Market?

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The folding furniture market share growth by the offline segment will be significant during the forecast period. This market generally consists of specialty stores, supermarkets, hypermarkets, and some departmental stores. A marked increase in business expansion complemented by the steady rise in the number of stores providing home furniture is among the major contributors to the growth of hypermarkets in the world. The introduction of innovative service solutions and experiential sales experience using modern technologies such as AR (Augmented reality), VR (Virtual reality), and other visual technologies in furniture and furnishing stores such as Wayfair, IKEA, and others are some of the prominent factors that cater to the growth of the market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the folding furniture market size and actionable market insights on post COVID-19 impact on each segment.

 

Folding Furniture Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.58%

Market growth 2021-2025

$ 4.44 billion

Market structure

Fragmented

YoY growth (%)

6.20

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 50%

Key consumer countries

China, US, India, Canada, Germany, and Brazil

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Ashley Furniture Industries Inc., Expand Furniture Inc, Flexfurn NV, Inter IKEA Holding BV, LaZBoy Inc., Lifetime Products Inc., Meco Corp., Murphy Wall Beds Hardware Inc., Resource Furniture LLC, and Walmart Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Folding Furniture Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive folding furniture market growth during the next five years
  • Precise estimation of the folding furniture market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the folding furniture industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of folding furniture market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Ashley Furniture Industries Inc.
      • Expand Furniture Inc
      • Flexfurn NV
      • Inter IKEA Holding BV
      • LaZBoy Inc.
      • Lifetime Products Inc.
      • Meco Corp.
      • Murphy Wall Beds Hardware Inc.
      • Resource Furniture LLC
      • Walmart Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The folding furniture market growth will increase by $4444.69 million during 2020-2025.
      The folding furniture market is expected to grow at a CAGR of 6.58% during 2020-2025.
      Technavio has segmented the folding furniture market by distribution channel (Offline and Online) and geographic (APAC, North America, Europe, South America, and MEA).
      Ashley Furniture Industries Inc., Expand Furniture Inc, Flexfurn NV, Inter IKEA Holding BV, LaZBoy Inc., Lifetime Products Inc., Meco Corp., Murphy Wall Beds Hardware Inc., Resource Furniture LLC, Walmart Inc. are a few of the key vendors in the folding furniture market.
      APAC will register the highest growth rate of 49.64% among the other regions. Therefore, the folding furniture market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • India
      • Canada
      • Germany
      • Brazil
      The key factors driving the folding furniture market growth are:
      • Increased demand for space-saving furniture
      The folding furniture market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
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