Exploring The Impact Of Home Renovation On Outdoor Furniture Market: Strategic Insights Driving Folding Furniture Market Momentum in 2025

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How Large Will the Folding Furniture Market Size By 2025?
The folding furniture market has expanded consistently in recent years. It is estimated to grow from $10.53 billion in 2024 to $11.14 billion in 2025 at a CAGR of 5.8%. The historic rise was supported by shrinking living spaces, an increase in single-person households, growing environmental awareness, demand for cost-effective furniture, and developments in online retail channels.

How Big Is the Folding Furniture Market Size Expected to Grow by 2029?
The market for folding furniture is projected to experience significant growth in upcoming years, with expectations to reach $14.28 billion by 2029, boasting a 6.4% compound annual growth rate (CAGR). Various factors are contributing to this predicted growth, including the integration of smart homes, the increase of home-based offices, the expansion of residential and non-residential construction, urbanization, and a rise in disposable income. The forecast period is also anticipating several trends including the advancements in material technology, a rising trend for the use of sustainable and eco-friendly materials, the demand for portable and lightweight furniture, advances in innovative folding methods, and the incorporation of smart technology.

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Which Key Market Drivers Powering Folding Furniture Market Expansion and Growth?
The rise in emphasis on space utilization and home refurbishment is anticipated to boost the expansion of the folding furniture industry in the future. Home refurbishment involves enhancing, redecorating, or modernizing an existing housing property to augment its functionality, aesthetics, or worth. The interest in home refurbishment is driven by factors such as personalization, property value, functionality, sustainability, changes in lifestyle, and housing stock conditions. Folding furniture has become a popular choice in home refurbishment schemes to improve and enlarge both outdoor and indoor spaces, granting homeowners with practical and cozy spots for relaxation, meals, and entertainment. For example, in January 2023, as per the Joint Center for Housing Centers at Harvard University, spending on home enhancement projects is predicted to climb from $472 billion in 2022 to $485 billion in 2024. Hence, the escalating emphasis on space utilization and home refurbishment is spearheading the progress of the folding furniture industry.

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Which Fast-Growing Trends Are Poised to Disrupt the Folding Furniture Market?
Big players in the foldable furniture industry are focusing on innovative designs like high-tech, chic, foldable racing sim cockpit chairs. These chairs, intended specifically for racing simulation enthusiasts, blend technology with portability and sturdiness. For example, in September 2023, Switzerland's Logitech G together with Netherlands' Playseat, introduced the Playseat Challenge X. This chair combines an ergonomic design with the ability to be folded, making it easy to store and set up. Built with lightweight, foldable carbon steel, the chair weighs just 11.6 kg (26 pounds) and is equipped with Playseat's ActiFit breathability, body-hugging design, and adjustable stiffness for better comfort and heat control for users.

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 2024. 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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