Press release
Folding Furniture Market to Reach USD 16.83 Bn by 2029, emerging at a CAGR of 6.7 percent and forecast 2023-2029
Folding Furniture Market
The research methodology employed involves a detailed examination of market trends, challenges, and opportunities from 2019 to 2022. Real numbers and a forecast until 2029 are considered, providing a robust foundation for market understanding.
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What are Folding Furniture Market Dynamics:
The concept of foldable furniture is gaining popularity due to the trend towards smaller apartments due to population growth. Due to the shrinking living space of apartments, the market is in high demand for folding furniture.
Rapid urbanization and growth in the real estate market are impacting the foldable furniture industry. The number of millennials who choose rental housing is on the rise. They are more concerned with affordable, multifunctional, and small furniture that fits into an urban lifestyle. These factors are driving the demand for folding furniture in the market.
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Folding Furniture Market Regional Insights:
In 2022, the Asia Pacific region dominated the market with 44.36%. Growing urbanization and shrinking living spaces in countries like Japan, Tokyo, Shanghai, and India are driving consumer investments in folding furniture.
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What is Folding Furniture Market Segmentation:
by Product
Table and Chair
Beds
Sofas
Others
by Application
Residential
Commercial
by Distribution Channel
Offline
Online
Who are Folding Furniture Market Key Players:
1.IKEA
2.Ashley Furniture Industries Inc.
3.Leggett & Platt Inc.
4.Dorel Industries Inc.
5.Haworth Inc.
6.Expand Furniture
7.Murphy Wall Beds Hardware Inc.
8.Flex Steel Industries Inc.
9.Maxchief Europe
10.Hussey Seating Company
11.Meco Corporation
12.Inter Ikea Systems B.V.
13.Sauder Woodworking Company
14.Bush Industries, Inc.
15.Lifetime Products Inc.
16.Resource Furniture
Table of content for the Folding Furniture Market includes:
Global Folding Furniture Market: Research Methodology
Global Folding Furniture Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
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3.Global Folding Furniture Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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