Foldable Furniture Market to Hit $14.4 Billion by 2027 at 6.8% CAGR - Global Analysis by The Insight Partners | Covers Impact of COVID-19 Pandemic

According to the new research report published by The Insight Partners, titled “Foldable Furniture Market - Global Analysis and Forecast to 2027”, the global foldable furniture market is expected to reach US$ 14.4 Bn in 2027, registering a CAGR of 6.8% during the forecast period 2019-2027.

Foldable furniture is a multifunctional furniture, which is ideal to install in smaller area or studio apartments as contemporary furniture. Rising prices of traditional wooden furniture along with environmental concerns, have paved the way for the growth of foldable furniture. Foldable furniture is made from mild steel and plastic, which are lightweight, cost effective and durable. For instance, Lucid Mattress offers a foldable metal bed frame with heavy duty wired grid, which provides efficient adjustment of the mattress.

Worldwide Foldable Furniture Market Analysis to 2027 is a specialized and in-depth study of the Foldable Furniture Industry with a focus on the global market trend. The report aims to provide an overview of global Foldable Furniture Market with detailed market segmentation by product/application and geography. The global Foldable Furniture Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Foldable Furniture players and offers key trends and opportunities in the market.

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Top Dominating Key Players:

1. Dorel Industries Inc.
2. Expand Furniture Inc
3. INTER IKEA SYSTEMS B.V.
4. Kestell Furniture LLC
5. La-Z-Boy
6. Lifetime Products
7. Meco Corporation
8. Murphy Wall-Beds Hardware Inc.
9. Resource Furniture
10. LEGGETT & PLATT, INC.

The foldable furniture industry players provide innovative products ranging from ceiling beds to pop-up coffee table. The latest trend is Bookniture, which is a lightweight furniture concealed in a book. It is designed to look like a small notebook and can be unfolded into a footrest, compact side table, and standing desk.

Key Benefits:

To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Foldable Furniture Market.

To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Foldable Furniture Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Foldable Furniture Market segments and regions.

The research on the Foldable Furniture Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Foldable Furniture Market on the basis of end user, product type, application, and demography for the forecast period 2020 - 2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

The report segments the global foldable furniture market as follows:

Global Foldable Furniture Market - By Product

Tables and Chairs
Sofa
Beds
Others

Global Foldable Furniture Market - By Application

Residential
Commercial

Global Foldable Furniture Market - By Distribution Channel

Offline
Online

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Reasons to Buy the Report:

Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.

Contact Us:

The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: www.theinsightpartners.com

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 are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

This release was published on openPR.