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Folding Furniture Market Report by Product Type (Tables and Chairs, Sofas, Beds, and Others), Distribution Channel (Offline, Online), Application (Residential, Commercial), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A5109
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Market Overview:
The global folding furniture market size reached US$ 4.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 4.2 Billion |
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Market Forecast in 2032
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US$ 5.8 Billion |
| Market Growth Rate 2024-2032 | 3.7% |
Folding furniture is installed in small rooms or buildings for various purposes, such as sleeping and storage. It involves movable articles, such as chairs, tables, beds, desks, cabinets, cupboards, and kitchen interiors, which are durable, ergonomic, convenient, convertible, affordable, lightweight, and user-friendly. It is manufactured using wood, steel, plastic, and aluminum and is available in a wide variety of aesthetically appealing styles and finishes that take minimal space. Nowadays, manufacturers are offering an innovative range of multi-purpose furniture with improved aesthetics, functionality, comfort, and storage capacities.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Folding Furniture Market Trends:
Due to the global spread of the coronavirus disease (COVID-19) and lockdown measures implemented by governing agencies of numerous countries, businesses around the world have shifted to remote working models. This represents one of the key factors augmenting the need for folding office furniture as it helps in creating a personalized working space at home. Moreover, the significant growth in the real estate sector is positively influencing the demand for folding furniture in residential and commercial establishments. Apart from this, the rising trend of compact and integrated modular homes due to the increasing number of nuclear families is contributing to the market growth. This can also be attributed to the escalating demand for minimalist furniture designs on account of changing lifestyles and rapid urbanization. Furthermore, leading players are offering customized furniture products via online retail channels. They are also launching augmented reality (AR) based apps that allow customers to test products in real-time by providing a virtual three-dimensional (3D) model of furnishing within a space. This, in confluence with the thriving e-commerce industry, is anticipated to strengthen the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global folding furniture market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, distribution channel and application.
Breakup by Product Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Tables and Chairs
- Sofas
- Beds
- Others
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Application:
- Residential
- Commercial
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ashley Furniture Industries Inc., Dorel Industries Inc., Flexfurn limited, Haworth Inc. (Haworth International Ltd.), Hussey Seating Company, Inter IKEA Systems B.V. (Inter IKEA Holding B.V), Kestell Furniture LLC, La-Z-Boy Incorporated, Lifetime Products Inc., Meco Corporation, Murphy Wall Beds Hardware Inc, Nilkamal Furniture and Sauder Woodworking Company.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Distribution Channel, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Ashley Furniture Industries Inc., Dorel Industries Inc., Flexfurn limited, Haworth Inc. (Haworth International Ltd.), Hussey Seating Company, Inter IKEA Systems B.V. (Inter IKEA Holding B.V), Kestell Furniture LLC, La-Z-Boy Incorporated, Lifetime Products Inc., Meco Corporation, Murphy Wall Beds Hardware Inc, Nilkamal Furniture, Sauder Woodworking Company. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global folding furniture market was valued at US$ 4.2 Billion in 2023.
We expect the global folding furniture market to exhibit a CAGR of 3.7% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination towards online retail platforms for the purchase of folding furniture, as it enables to create personalized working space at home, during remote working scenario.
The emerging trend of compact and integrated modular homes, along with the increasing consumer preference towards minimalist furniture designs, is primarily driving the global folding furniture market.
Based on the product type, the global folding furniture market can be categorized into tables and chairs, sofas, beds, and others. Among these, tables and chairs exhibit clear dominance in the market.
Based on the distribution channel, the global folding furniture market has been segmented into offline and online, where offline channel currently holds the largest market share.
Based on the application, the global folding furniture market can be bifurcated into residential and commercial. Currently, the residential sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global folding furniture market include Ashley Furniture Industries Inc., Dorel Industries Inc., Flexfurn limited, Haworth Inc. (Haworth International Ltd.), Hussey Seating Company, Inter IKEA Systems B.V. (Inter IKEA Holding B.V), Kestell Furniture LLC, La-Z-Boy Incorporated, Lifetime Products Inc., Meco Corporation, Murphy Wall Beds Hardware Inc, Nilkamal Furniture, and Sauder Woodworking Company.
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