Global Folding Furniture Market Worth US$ 5.18 Billion by 2027, Witnessing a CAGR of 4.60%

Folding Furniture Market Report Overview :

According to IMARC Group's latest report, titled "Folding Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on the market statistics. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

A Closer Look at the Folding Furniture Market Size | 2022

The global folding furniture market reached a value of US$ 3.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.18 Billion by 2027 exhibiting a CAGR of 4.60% during 2022-2027.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/folding-furniture-market/requestsample

Folding Furniture Market Insight :

Folding furniture is a practical solution for small spaces, serving multiple purposes, such as sleeping and storage. It consists of movable items, including chairs, tables, beds, desks, cabinets, and cupboards, made of wood, steel, plastic, and aluminum. It offers durability, ergonomic design, convenience, affordability, lightweight, and ease of use. It is commonly available in various styles and finishes, making it a visually appealing option for those looking to maximize their space utilization. At present, furniture manufacturers are offering innovative multifunctional pieces with improved aesthetics, functionality, comfort, and storage capabilities.

Folding Furniture Market Current Trends & Future Predictions :

The global folding furniture market is primarily driven by the increasing demand for easily deployable, lightweight, multifunctional, and serviceable furniture to enhance living space appeal and meet diverse consumer needs. Moreover, the rising construction activities and investments in infrastructural projects for residential and commercial complexes are positively influencing the market growth.

Additionally, the shifting consumer inclination toward minimalist, modular homes in metropolitan cities, particularly among nuclear families, has catalyzed market growth. Besides this, the surging adoption of folding furniture for creating personalized home offices due to the recent shift toward work-from-home models amid the sudden outbreak of the COVID-19 pandemic is propelling the market growth.

Furthermore, the rising use of augmented reality (AR) technology to allow customers to preview 3D designs of folding furniture is contributing to the market growth. Other factors, including the significant expansion of the real estate sector, rising collaborations among key players to improve product efficacy, and rapid urbanization, are also anticipated to create a positive market outlook.

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Global Folding Furniture Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Folding Furniture Companies:

Ashley Furniture Industries Inc., Dorel Industries Inc., Flexfurn limited, Haworth Inc. (Haworth International Ltd.), Hussey Seating Company, Inter IKEA Systems B.V. (Inter IKEA Holding B.V), Kestell Furniture LLC, La-Z-Boy Incorporated, Lifetime Products Inc., Meco Corporation, Murphy Wall Beds Hardware Inc, Nilkamal Furniture and Sauder Woodworking Company.

The report has segmented the market on the basis of region, product type, distribution channel and application.

Breakup by Product Type:
• Tables and Chairs
• Sofas
• Beds
• Others

Breakup by Distribution Channel:
• Offline
• Online

Breakup by Application:
• Residential
• Commercial

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5109&flag=C

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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