Global Folding Furniture Market Size, Share, and Trends Analysis Report, By Type (Chairs, Tables, Sofas, Beds, and Others), By Application (Residential and Commercial), and By Distribution Channel (Supermarkets, Specialty Stores, Online, and Others), Forecast (2022-2028)

The folding furniture market is anticipated to grow at a significant CAGR of 5.2% during the forecast period (2022-2028). Folding furniture is a good choice for those who live in small flats or studios. It is a good substitute for conventional furniture. Folding furniture’s multi-functionality and space-saving characteristics can add to the aesthetic of the available area. Commercial locations, such as businesses, hospitals, and hotels, commonly employ folding furniture. Due to a rise in the number of smaller residences, foldable furniture is becoming more popular in the most populous cities across the globe. Considering the economics of space, their demand is predicted to rise throughout the projection period, and they are expected to acquire favor among customers. The folding furniture business is influenced by rapid urbanization and real estate market expansion. Millennials preferring to live in rental apartments is a growing trend. Affordable, multi-functional, and compact furniture that fits their urban and active lifestyles is more appealing to them.

The global folding furniture market is segmented based on the type, application, and distribution channel. Based on the type, the market is sub-segmented into chairs, tables, sofas, beds, and others. Based on the application, the market is sub-segmented into residential and commercial. Among these applications, the residential segment is expected to propel the growth of the market due to increasing residential construction globally. Based on the distribution channel, the market is sub-segmented into supermarkets, specialty stores, online, and others.

The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, Dorel Home, a division of Dorel Industries Inc., reopened its showroom on the 9th floor of the C&D Building at the High Point Market to show off new goods as well as its increasing inventory of high-profile licensed brands.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- IKEA Furnishings, Ashley Furniture Industries Inc., Leggett & Platt Inc., Dorel Industries Inc., Haworth Inc., Expand Furniture, Murphy Wall Beds Hardware Inc., Flexsteel Industries Inc., Maxchief Europe, and Hussey Seating Co.,among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Folding Furniture Market Report by Segment

By Type

• Chairs
• Tables
• Sofas
• Beds
• Others

By Application

• Residential
• Commercial

By Distribution Channel

• Supermarkets
• SpecialtyStores
• Online
• Others

Global Folding Furniture Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa