Folding Furniture Market Introduction and Overview
According to SPER Market Research, the Global Folding Furniture Market is estimated to reach USD 6.54 billion by 2033 with a CAGR of 4.68%.
The report includes an in-depth analysis of the Global Folding Furniture Market, including market size and trends, product mix, Applications, and supplier analysis. One small and convenient type of do-it-yourself furniture is folding furniture. It is easy to assemble and suitable for any purpose. Because of its compact size, foldable furniture is incredibly portable and can be stored practically anywhere, making the most use of available space. These products are constructed from a variety of materials, such as aluminium, steel, iron, and wood. Among the most commonly used folding furniture are beds, tables, chairs, couches, and other items. When permanent seating is impractical, tables and folding chairs are used as a form of seating.
- 2022: The updated showroom of Dorel Home, a division of Dorel Industries Inc., was unveiled at the High Point Market on the ninth floor of the C & D Building. The showcase included a growing selection of prestigious licensed brands in addition to a variety of new products.
Market Opportunities and Challenges
Opportunities- One of the main reasons propelling the growth of the folding furniture market is the growing demand for furniture that saves space. Urban and metropolitan cities, particularly tier 1 and tier 2 cities, are experiencing a reduction in the size of their apartments, which has led to a significant demand for multipurpose or space-saving furniture. Multipurpose, lightweight, and simple to assemble furniture includes wall-mounted beds and chairs, sofas that can become beds, and other folding pieces. As a result, end users are beginning to favor them due to these features. Due to the increased popularity of folding furniture, a number of furniture manufacturers are meeting consumer demand by providing folding furniture for studio and apartment spaces. Over the course of the forecast period, these factors are anticipated to propel the growth of the folding furniture market.
Challenges- One of the primary factors anticipated to limit the market's expansion is the numerous strict laws pertaining to the production of furniture, particularly foldable furniture. Manufacturers are now compelled to produce folding furniture in labour-intensive settings in order to comply with a number of environmental regulations that are related to design, manufacturing, and other environmental concerns. Manufacturers who violate these environmental regulations may face steep fines. Additionally, these laws differ between nations. While local and regional vendors benefit from these disparate regulations, international vendors face serious challenges since they have to modify their production processes to comply with local laws.
Market Competitive Landscape
To increase their global customer base, these businesses use development strategies like partnerships, acquisitions, product launches, and production expansion. Some of the key players are – Bush Industries, Inc., Dorel Industries Inc., Expand Furniture, Haworth Inc., Inter Ikea Systems B.V., Lifetime Products Inc., Meco Corporation, Murphy Wall Beds Hardware Inc., Resource Furniture and Sauder Woodworking Company
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Distribution Channels, By Application
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Bush Industries, Inc., Dorel Industries Inc., Expand Furniture, Haworth Inc., Inter Ikea Systems B.V., Lifetime Products Inc., Meco Corporation, Murphy Wall Beds Hardware Inc., Resource Furniture and Sauder Woodworking Company |
COVID-19 Impact on Global Folding Furniture Market
The global COVID-19 pandemic that struck in the first few days of 2020 brought about a dramatic transformation of the furniture industry. Countries that rely heavily on imports for furniture have been severely impacted by the supply chain disruptions and the temporary trade embargo. Due to the pandemic, a large group of people worldwide were compelled to adopt a longer stay-at-home schedule. This led to a desire among customers to make the most out of their homes and furniture in light of their increased time spent at home. The necessity of lessening the industry's dependency on imports as well as enhancing automation and digitization was also highlighted by COVID-19.
Key Target Audience:
- Consumers
- E-commerce Platforms
- Interior Designers and Architects
- Office Spaces
- Outdoor Events and Recreation
- Others
Our in-depth analysis of the Folding Furniture Market includes the following segments:
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By Type:
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Beds
Chairs
Sofas
Tables
Other Furniture
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By Distribution Channels:
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Offline
Online
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By Application:
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Commercial
Residential
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Key Topics Covered in the Report:
- Global Folding Furniture Market Size (FY’2024-FY’2033)
- Overview of Global Folding Furniture Market
- Segmentation of Global Folding Furniture Market By Type (Beds, Chairs, Sofas, Tables and Other Furniture.)
- Segmentation of Global Folding Furniture Market By Distribution Channels (Offline and Online.)
- Segmentation of Global Folding Furniture Market By Application (Commercial and Residential.)
- Statistical Snap of Global Folding Furniture Market
- Expansion Analysis of Global Folding Furniture Market
- Problems and Obstacles in Global Folding Furniture Market
- Competitive Landscape in the Global Folding Furniture Market
- Impact of COVID-19 and Demonetization on Global Folding Furniture Market
- Details on Current Investment in Global Folding Furniture Market
- Competitive Analysis of Global Folding Furniture Market
- Prominent Players in the Global Folding Furniture Market
- SWOT Analysis of Global Folding Furniture Market
- Global Folding Furniture Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Folding Furniture Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Folding Furniture Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Folding Furniture Market
7. Global Folding Furniture Market, By Type (USD Million)
7.1. Global Folding Furniture Market Value Share and Forecast, By Type, 2024-2033
7.2. Beds
7.3. Chairs
7.4. Sofas
7.5. Tables
7.6. Other Furniture
8. Global Folding Furniture Market, By Distribution Channels (USD Million)
8.1. Global Folding Furniture Market Value Share and Forecast, By Service Provider, 2024-2033
8.2. Offline
8.3. Online
9. Global Folding Furniture Market, By Application (USD Million)
9.1. Global Folding Furniture Market Value Share and Forecast, By Application, 2024-2033
9.2. Commercial
9.3. Residential
10. Global Folding Furniture Market Forecast, 2020-2033 (USD Million)
10.1. Global Folding Furniture Market Size and Market Share
11. Global Folding Furniture Market, By Type, 2020-2033 (USD Million)
11.1. Global Folding Furniture Market Size and Market Share By Type (2020-2026)
11.2. Global Folding Furniture Market Size and Market Share By Type (2027-2033)
12. Global Folding Furniture Market, By Distribution Channels, 2020-2033 (USD Million)
12.1. Global Folding Furniture Market Size and Market Share By Distribution Channels (2020-2026)
12.2. Global Folding Furniture Market Size and Market Share By Distribution Channels(2027-2033)
13. Global Folding Furniture Market, By Application, 2020-2033 (USD Million)
13.1. Global Folding Furniture Market Size and Market Share By Application (2020-2026)
13.2. Global Folding Furniture Market Size and Market Share By Application (2027-2033)
14. Global Folding Furniture Market, By Region, 2020-2033 (USD Million)
14.1. Global Folding Furniture Market Size and Market Share By Region (2020-2026)
14.2. Global Folding Furniture Market Size and Market Share By Region (2027-2033)
14.3. Asia-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile
15.1. Bush Industries, Inc.,
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Dorel Industries Inc.,
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Expand Furniture
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Haworth Inc.,
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Inter Ikea System B.V
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Lifetime Products Inc.,
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Meco Corporation
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Murphy wall Beds Hardware Inc.
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Resource Furniture
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Sauder Woodworking Company
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
