Folding Furniture Market : Global Opportunity Analysis and Industry Forecast, 2014-2022 At CAGR 6.8%.

Folding Furniture Market Report, published by Allied Market Research, forecast that the global market is expected to generate $13 billion by 2022, growing at a CAGR of 6.8% from 2016 to 2022. Asia-Pacific constituted largest market share in terms of revenue in the overall foldable furniture market in 2015, followed by Europe. Growth in Asia-Pacific is supplemented by rapid urbanization and need for efficient use of the available space.

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The demand for folding furniture is expected to remain high during the forecast period as it is an effective alternative for traditional furniture.These furniture apart from being multifunctional and space saving also enhance the decor of available space. For residential or commercial complexes, lacking space or requiring space for multitude of different uses, folding furniture offer the much needed solution.

Prominent Market Players

Key players profiled in this report are Lifetime Products Inc., Meco Corporation, Dorel Industries, Expand Furniture, Ashley Furniture Industries Inc., La-Z-Boy, Inc., Leggett & Platt, Resource Furniture, IKEA, Haworth International, Ltd., and Murphy Bed Direct.

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Regional Outlook:

The folding furniture market is expected to grow at a higher pace in Asia-Pacific and Europe, pertaining to smaller home sizes and rising rents. The folding furniture industry in Asia-Pacific would be driven by the growth in population and smaller living areas. As for the European region, space saving furniture designed by Europes finest interior designers is gaining popularity across the world which is also referred as Space Savors. For instance, Italian designed small coffee table that expands into dinner table and a beautiful wall that spins 180 then gracefully unfolds into a queen-sized bed with the help of hydraulic mechanism.

In 2015, it was observed that demand for folding furniture application for residential purpose was higher as compared to commercial use. The same trend is expected to continue during the forecast period.

Reason to Buy:

✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Folding Furniture Market .
✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
✅ The key findings and recommendations highlight crucial progressive industry trends in the Folding Furniture Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
✅ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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The market for foldable beds would grow at the highest CAGR during the forecast period, owing to adoption of coliving trend in the US, and innovative bed designs such as murphy beds, wall beds which would fetch the demand in near future.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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