Folding Furniture Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

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?

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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.

You may be interested in the regional reports:

US Folding Furniture market - The market share will grow at a CAGR of 6.47% during the period 2014-2019.

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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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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