Press release
Key Influencer in the Folding Furniture Market 2025: Exploring The Impact Of Home Renovation On Outdoor Furniture Market Driver
Folding Furniture
The growing focus on space optimization and home renovation is expected to boost the growth of the folding furniture market. As more people renovate their homes to improve functionality and value, folding furniture provides a flexible and space-saving solution. The Joint Center for Housing Studies of Harvard University projected an increase in home improvement spending, with a rise from $472 billion in 2022 to $485 billion by 2024, further driving the demand for folding furniture.
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What growth opportunities are expected to drive the folding furniture market's CAGR through 2034?
The folding furniture market has seen strong growth in recent years. It will rise from $10.53 billion in 2024 to $11.27 billion in 2025, with a CAGR of 7.0%. The factors contributing to this growth include smaller living spaces, an increase in single-person households, rising environmental consciousness, growing demand for affordable furniture, and developments in e-commerce.
The folding furniture market is projected to grow significantly, reaching $14.59 billion by 2029 at a CAGR of 6.7%. This growth is driven by the rise of smart home integration, growing home offices, urbanization, and increasing disposable incomes. Trends include innovations in materials technology, a preference for eco-friendly materials, demand for lightweight and portable furniture, advancements in folding mechanisms, and the integration of smart technology in furniture.
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What are the emerging trends shaping the future of the folding furniture market?
Leading companies in the folding furniture market are focusing on innovative designs such as smart, fancy foldable racing sim cockpit chairs, which provide an immersive racing experience while being compact and easy to store. These chairs are designed for racing simulation enthusiasts and integrate with technology for easy storage and mobility, without compromising on stability or durability. For example, in September 2023, Logitech G, a Switzerland-based company, collaborated with Playseat, a Netherlands-based gaming seat manufacturer, to release the Playseat Challenge X. This foldable cockpit chair blends ergonomic design with ease of storage, featuring a lightweight carbon steel structure (weighing 11.6 kg or 26 pounds) and breathable ActiFit material for comfort, along with adjustable stiffness for better thermal management.
Which growth-oriented segments of the folding furniture market are leading the industry's development?
The folding furniture market covered in this report is segmented -
1) By Product Type: Chairs, Tables, Sofas, Beds, Other Product Types
2) By Material: Wood, Metal, Plastic
3) By Distribution Channel: Offline, Online
4) By Application: Residential, Commercial
Subsegments
1) By Chairs: Folding Dining Chairs, Folding Lounge Chairs, Folding Rocking Chairs, Folding Camping Chairs, Folding Director Chairs
2) By Tables: Folding Dining Tables, Folding Coffee Tables, Folding Work Tables, Folding Picnic Tables, Folding Side Tables
3) By Sofas: Folding Sleeper Sofas, Folding Futons, Folding Sectional Sofas
4) By Beds: Folding Beds (Murphy Beds), Folding Air Beds, Folding Trundle Beds
5) By Other Product Types: Folding Storage Units, Folding Desks, Folding Room Dividers, Folding Mattresses, Folding Shelving Units
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Which region dominates the folding furniture market?
Asia-Pacific was the largest region in the folding furniture market in 2023. The regions covered in the folding furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the folding furniture market?
Major companies operating in the folding furniture market are Samsonite Corporation, Herman Miller Inc., Raymour & Flanigan, Haworth Inc., Dorel Industries, Lifetime Products Inc., Hooker Furnishings Corporation, Sauder Woodworking Co., Hussey Seating Company, Urban Ladder, National Public Seating, Resource Furniture, MECO Corp., Eurosteel Office Furniture, Murphy Wall Beds Hardware Inc., Gopak, CoscoProducts.com, Expand Furniture, Flexfurn, Nilkamal Furniture, Spec Seats
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What Is Covered In The Folding Furniture Global Market Report?
•Market Size Forecast: Examine the folding furniture market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the folding furniture market for a structured understanding.
•Key Players Overview: Analyze major players in the folding furniture market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the folding furniture market.
•Segment Contributions: Evaluate how different segments drive overall growth in the folding furniture market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the folding furniture market.
•Industry Challenges: Identify potential risks and obstacles affecting the folding furniture market.
•Competitive Landscape: Review strategic developments in the folding furniture market, including expansions, agreements, and new product launches.
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