Key Factor Supporting Folding Furniture Market Development in 2025: Exploring The Impact Of Home Renovation On Outdoor Furniture Market

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How Large Will the Folding Furniture Market Size By 2025?
In recent years, the folding furniture market has experienced substantial growth. Its value is projected to increase from $10.53 billion in 2024 to $11.27 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this growth in the historic period include shrinking residential spaces, an increase in single-person households, heightened awareness of ecological issues, a surge in demand for cost-effective furniture options, and advancements in e-commerce and online retail methods.

How Big Is the Folding Furniture Market Size Expected to Grow by 2029?
The market size of folding furniture is projected to witness robust growth in the upcoming years, increasing to $14.59 billion by 2029, with a compound annual growth rate (CAGR) of 6.7%. The surge during the forecasted phase can be linked to the upswing of smart home integration, emergence of home offices, expansion of residential and non-residential constructions, escalating urbanization, and rising disposable income. Notable trends during this phase are expected to be the enhancement in material technologies, increased preference towards eco-friendly and sustainable materials, requirements for portable and lightweight furniture, progress in innovative folding mechanisms, and the incorporation of smart technology.

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Which Key Market Drivers Powering Folding Furniture Market Expansion and Growth?
The surging emphasis on maximizing space and upgrading homes is predicted to stimulate the expansion of the folding furniture market in future. Home renovations involve alterations, refurbishments, or updates to an existing residential property to augment its functionality, aesthetic appeal, or value. The interest in home improvement comes from factors like personalization, property worth, functionality, environmental consideration, lifestyle adaptations, and the condition of existing housing stock. Folding furniture tends to be a popular choice in home renovations due to its capacity to enrich and expand both indoor and outdoor living spaces. This provides homeowners with practical and cozy spaces suitable for relaxing, dining, and hosting. For example, the Joint Center for Housing Centers of Harvard University, a research hub based in the United States, predicted in January 2023 that expenditure on home improvement projects will surge from $472 billion in 2022 to $485 billion in 2024. Consequently, the surging emphasis on optimizing space and upgrading homes is fueling the expansion of the folding furniture market.

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Which Fast-Growing Trends Are Poised to Disrupt the Folding Furniture Market?
Leaders in the folding furniture market are putting their resources into novel ideas such as high-tech, stylish foldable racing simulator cockpit chairs to offer a life-like racing experience while being modular and easily storable. These smart and chic foldable racing sim cockpit chairs are seating arrangements created exclusively for enthusiasts of racing simulation. They come with technological integration and offer the advantage of quick stowage and portability without giving up strength or longevity under use. For example, in September 2023, Switzerland's Logitech G, in collaboration with Playseat, a gaming seat manufacturer based in the Netherlands, launched the Playseat Challenge X. This product combines an ergonomic style with folding capability, allowing for convenient storage and setup. The chair's build is lightweight, foldable carbon steel, tipping the scales at just 11.6 kg (26 pounds). The seat comes equipped with Playseat's ActiFit breathable fabric, body-fitting design, and adjustable firmness. This offers enhanced support and temperature control, ensuring comfort for racers.

What Are the Emerging Segments in the Folding Furniture Market?
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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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Folding Furniture Industry?
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.

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