Press release
Folding Furniture Market is Anticipated to Reach US$ 4,754.29 Mn by 2027| Industry CAGR of 5.7%
Folding Furniture Market
The 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.
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Global Folding Furniture Market research report also provides the latest manufacturing data and industry future trends, allowing you to identify the products and end users driving profits growth and productivity. The Market report lists the most important competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The report includes the forecasts, investigation and discussion of significant industry trends, market volume, market share estimates and profiles of the leading industry Players. Global Folding Furniture Industry Market Research Report is providing exclusive vital statistics, information, data, trends and competitive landscape details.
The Segments and Sub-Section of Folding Furniture Market are shown below:
The demand for folding furniture is rising with rapid urbanization coupled with significant growth in residential sector and rapid advancement related to folding furniture. Folding furniture such as chairs, tables, sofas, beds, table trays, and others are quite popular among both residential and commercial customers. In 2019, Asia Pacific contributed to the largest share in the global folding furniture market. Attributed to the APAC 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 market. 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 toward better product offerings. The upsurge in the middle-class population along with growth in urbanization offer lucrative opportunities for the key market players operating in the folding furniture market in APAC
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.
COMPANIES MENTIONED INCLUDE (we can also add the other companies as you want.):
Ashley Furniture Industries
Bush Industries, Inc.
Haworth, Inc.
DOREL INDUSTRIES INC.
Inter IKEA Holding B.V.
La-Z-Boy, Inc.
Meco Corporation
Sauder Woodworking Company
Atlas Industries
Table-Mate USA, LLC:
Market Insights
Rapid Urbanization Along with Growth of Residential Sector
The real estate sector has witnessed high growth in the recent times with the rapid urbanization, structural economic changes, and shift in consumer living patterns. For instance, as per IBEF, almost US$ 6.26 billion were invested in the real estate sector in India and it is expected to grow by US$ 9.30 billion in 2040. Growing residential sector with the support of positive government measures drives the demand for folding furniture in global market scenario. With the surge in population along with rise in demand for better living spaces, a significant growth in real estate and residential sector have been witnessed. The prices of residential properties have risen considerably leading to reduction in sizes of home. As available space is smaller, consumers are preferring furniture which is compact and can be efficiently suit the available space and requirements. Hence, the adoption of multi-functional folding furniture has gained traction in the recent past. The preference toward economical, portable, and appealing furnishing coupled with a willingness to spend on aesthetic properties of furniture, are strongly supporting the growth of the folding furniture market through the residential segment. Hence, it has ultimately pushed the investment in better and advanced form of folding furniture across the globe. In addition, the shift in consumer spending toward better living backed by rise in per capita and disposable income and growing trend towards traveling bolster the growth of folding furniture market.
Product Type Insights
Based on product type, the global folding furniture market is segmented into table and chair, sofas, beds, table TV trays, and others. The table and chair segment led the market with the highest share in 2019. 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 doing architectural drawings. 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. Therefore, manufacturers are offering different types of folding tables and chairs in the national and international market to meet the needs of the customer. This, in turn, is influencing the growth of the folding furniture market for the table and chair segment.
Application Insights
Based on application, the global folding furniture market is bifurcated into residential and commercial. The residential segment led the market in 2019. Developed economies in Europe and North America hold significant potential in the residential sector. Factors such as the trend of family gatherings along with dinners in residential gardens, aging population, high disposable incomes, and willingness to spend on luxury furniture are driving the growth of the folding furniture market for the residential segment.
Material Insights
Based on material, the global folding furniture market is segmented into wood, metal, plastic, and others. The metal segment led the market in 2019. Nowadays, the most common metals used for modern folding patio furniture are aluminum and steel. Metal patio dining chairs, metal folding sofas, chairs & sectionals, metal folding coffee & side tables, metal folding bistro sets, metal folding dining tables, metal folding benches, metal folding dining sets, metal hammocks & swings, and others are made up of mostly steel and aluminum.
Distribution Channel Insights
Based on distribution channel, the global folding furniture market is bifurcated into store-based and non-store-based. The store-based segment led the market in 2019. The store-based distribution channel includes the sales of the folding furniture through supermarkets and hypermarkets, independent retailers, convenience stores, and others. High footfall in hypermarkets and supermarkets makes it easier for manufacturers to target their customer base. The wide availability of folding furniture from various brands at a lower price has encouraged customers to buy folding furniture from hypermarkets and supermarkets. Consumers prefer purchasing folding furniture from independent retailers as they are local and can be used as the main outlet. On the other side, some people purchase folding furniture from convenience stores as they can get it at any time of the day and are placed in locations that are convenient for local customers.
by Product Typ
Table and Chair
Sofas
Beds
Table TV Trays
Others
Global "Folding Furniture Market " Report 2022 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Folding Furniture in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Folding Furniture Market report categorizes the market based on manufacturers, regions, type, and application. Folding Furniture Market reports offer a detailed assessment of the Folding Furniture including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Folding Furniture market SWOT is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
A collective analysis on Folding Furniture' offers an exhaustive study supported current trends influencing this vertical throughout assorted geographies. Key information regarding market size, market share, statistics, application, and revenue is within the research to develop an ensemble prediction. Additionally, this research offers an in-depth competitive analysis that specializes in business outlook emphasizing expansion strategies accepted by market majors.
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No. of Folding Furniture Market Report Pages: 150+
The report also focuses on global major leading industry players of Global Folding Furniture Market providing information such as company profiles, product picture and specification, price, capacity, cost, production, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
Historical year - 2010-2018; Base year - 2019; Forecast period- 2022 to 2028 [** unless otherwise stated]
The countries covered in the Folding Furniture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
Points Highlighted in the Report:
• The report includes an overall business forecast that aims to gain valuable insights into the global Folding Furniture Market.
• The main segments have been further classified into sub-segments for a detailed review and a deeper understanding of the industry.
• The factors leading to market growth have been listed. The data has been collected from primary and secondary sources and analyzed by professionals in the field.
• The study analyses the latest trends and company profiles of the major players in the market.
Key questions answered in the report:
1. Which are the five top players of the Folding Furniture market?
2. How will the Folding Furniture market change in the next forthcoming years?
3. Which product and application will take a lion's share of the Folding Furniture market and Comprehensive valuation of all prospects?
4. What are the drivers, restraints constraints, Restraints and Opportunities of the Folding Furniture market?
5. Which regional market will show the highest growth?
6. What will be the CAGR and size of the Folding Furniture market throughout the forecast period?
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Folding Furniture Market - By Application
1.3.2 Folding Furniture Market - By End Use
1.3.3 Folding Furniture Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. Folding Furniture MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. Folding Furniture MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. Folding Furniture MARKET - GLOBAL MARKET ANALYSIS
6.1. Folding Furniture - GLOBAL MARKET OVERVIEW
6.2. Folding Furniture - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. Folding Furniture MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. COFFEE SHOPS
7.3.1. Overview
7.3.2. Coffee Shops Market Forecast and Analysis
7.4. BAKERIES
7.4.1. Overview
7.4.2. Bakeries Market Forecast and Analysis
7.5. OFFICES
7.5.1. Overview
7.5.2. Offices Market Forecast and Analysis
7.6. RESTAURANTS
7.6.1. Overview
7.6.2. Restaurants Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. Folding Furniture MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
9. Folding Furniture MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Folding Furniture Market Overview
9.1.2 North America Folding Furniture Market Forecasts and Analysis
9.1.3 North America Folding Furniture Market Forecasts and Analysis - By Application
9.1.4 North America Folding Furniture Market Forecasts and Analysis - By End Use
9.1.5 North America Folding Furniture Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Folding Furniture Market
9.1.5.1.1 Canada Folding Furniture Market by Application
9.1.5.1.2 Canada Folding Furniture Market by End Use
9.1.5.2 Mexico Folding Furniture Market
9.1.5.2.1 Mexico Folding Furniture Market by Application
9.1.5.2.2 Mexico Folding Furniture Market by End Use
9.1.5.3 US Folding Furniture Market
9.1.5.3.1 US Folding Furniture Market by Application
9.1.5.3.2 US Folding Furniture Market by End Use
9.2. EUROPE
9.2.1 Europe Folding Furniture Market Overview
9.2.2 Europe Folding Furniture Market Forecasts and Analysis
9.2.3 Europe Folding Furniture Market Forecasts and Analysis - By Application
9.2.4 Europe Folding Furniture Market Forecasts and Analysis - By End Use
9.2.5 Europe Folding Furniture Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Folding Furniture Market
9.2.5.1.1 Germany Folding Furniture Market by Application
9.2.5.1.2 Germany Folding Furniture Market by End Use
9.2.5.2 France Folding Furniture Market
9.2.5.2.1 France Folding Furniture Market by Application
9.2.5.2.2 France Folding Furniture Market by End Use
9.2.5.3 Italy Folding Furniture Market
9.2.5.3.1 Italy Folding Furniture Market by Application
9.2.5.3.2 Italy Folding Furniture Market by End Use
9.2.5.4 United Kingdom Folding Furniture Market
9.2.5.4.1 United Kingdom Folding Furniture Market by Application
9.2.5.4.2 United Kingdom Folding Furniture Market by End Use
9.2.5.5 Russia Folding Furniture Market
9.2.5.5.1 Russia Folding Furniture Market by Application
9.2.5.5.2 Russia Folding Furniture Market by End Use
9.2.5.6 Rest of Europe Folding Furniture Market
9.2.5.6.1 Rest of Europe Folding Furniture Market by Application
9.2.5.6.2 Rest of Europe Folding Furniture Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Folding Furniture Market Overview
9.3.2 Asia-Pacific Folding Furniture Market Forecasts and Analysis
9.3.3 Asia-Pacific Folding Furniture Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Folding Furniture Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Folding Furniture Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Folding Furniture Market
9.3.5.1.1 Australia Folding Furniture Market by Application
9.3.5.1.2 Australia Folding Furniture Market by End Use
9.3.5.2 China Folding Furniture Market
9.3.5.2.1 China Folding Furniture Market by Application
9.3.5.2.2 China Folding Furniture Market by End Use
9.3.5.3 India Folding Furniture Market
9.3.5.3.1 India Folding Furniture Market by Application
9.3.5.3.2 India Folding Furniture Market by End Use
9.3.5.4 Japan Folding Furniture Market
9.3.5.4.1 Japan Folding Furniture Market by Application
9.3.5.4.2 Japan Folding Furniture Market by End Use
9.3.5.5 South Korea Folding Furniture Market
9.3.5.5.1 South Korea Folding Furniture Market by Application
9.3.5.5.2 South Korea Folding Furniture Market by End Use
9.3.5.6 Rest of Asia-Pacific Folding Furniture Market
9.3.5.6.1 Rest of Asia-Pacific Folding Furniture Market by Application
9.3.5.6.2 Rest of Asia-Pacific Folding Furniture Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Folding Furniture Market Overview
9.4.2 Middle East and Africa Folding Furniture Market Forecasts and Analysis
9.4.3 Middle East and Africa Folding Furniture Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Folding Furniture Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Folding Furniture Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Folding Furniture Market
9.4.5.1.1 South Africa Folding Furniture Market by Application
9.4.5.1.2 South Africa Folding Furniture Market by End Use
9.4.5.2 Saudi Arabia Folding Furniture Market
9.4.5.2.1 Saudi Arabia Folding Furniture Market by Application
9.4.5.2.2 Saudi Arabia Folding Furniture Market by End Use
9.4.5.3 U.A.E Folding Furniture Market
9.4.5.3.1 U.A.E Folding Furniture Market by Application
9.4.5.3.2 U.A.E Folding Furniture Market by End Use
9.4.5.4 Rest of Middle East and Africa Folding Furniture Market
9.4.5.4.1 Rest of Middle East and Africa Folding Furniture Market by Application
9.4.5.4.2 Rest of Middle East and Africa Folding Furniture Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Folding Furniture Market Overview
9.5.2 South and Central America Folding Furniture Market Forecasts and Analysis
9.5.3 South and Central America Folding Furniture Market Forecasts and Analysis - By Application
Continued.......
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