Folding Furniture Market - Global Folding Furniture Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - (By Product Type Coverage, By Application Coverage, By End User Coverage, By Geographic Coverage and By Company)

Description

Global Folding Furniture Market Outlook

The folding furniture market is set for substantial expansion, expected to grow from USD 11.2 billion in 2023 to USD 15.9 billion by 2030, representing a robust Compound Annual Growth Rate (CAGR) of 5.2%. This growth is primarily fueled by the increasing demand for smart, modular, and space-efficient furniture solutions, driven by consumers' need for versatility and adaptability in modern living environments.

Key Market Drivers

Smart and Modular Designs:

A key trend propelling the folding furniture market is the growing demand for smart and modular designs, offering adaptability to various spatial constraints and consumer needs.

Sustainable Practices:

With a rise in environmentally conscious consumers, sustainable practices such as using eco-friendly materials and production methods are expected to drive market growth.

Rising Disposable Income:

Increasing purchasing power among consumers leads to a higher demand for versatile and space-efficient furniture solutions, supporting market growth.

Innovative Designs:

Consumer preferences for aesthetically pleasing and functional furniture drive the rise of innovative designs, enhancing the market's appeal and versatility.

Market Challenges

Limited Design Options:

The primary challenge in the folding furniture market is the limited variety of designs compared to non-foldable alternatives, potentially impacting consumer purchase decisions.

Durability Concerns:

Concerns regarding the durability of foldable options compared to traditional furniture may deter some buyers, highlighting the need for high-quality materials and advanced engineering.

Emerging Trends and Opportunities

Sustainable Materials:

Adoption of sustainable materials such as recycled materials and responsibly sourced wood aligns with consumer preferences for eco-conscious choices.

Compact Living Solutions:

Compact living solutions cater to urban lifestyles with limited space, driving the demand for space-efficient and versatile furniture pieces.

Smart and Modular Designs:

Integration of intelligent functionalities and modular elements enhances adaptability, meeting modern preferences for dynamic home solutions.

Regional Market Leaders

North America:

Dynamic urban lifestyles and a preference for space-efficient solutions contribute to North America's leadership in the folding furniture market.

Asia Pacific:

Rapid urbanization, changing lifestyles, and increasing disposable incomes drive significant growth in the Asia Pacific region.

Major Growth Barriers

Limited Design Options:

The challenge of limited design options persists, hindering the market's ability to cater to diverse consumer preferences.

Durability Concerns:

Addressing durability concerns through high-quality materials and clear communication is crucial for market growth.

Competitive Analysis

Key players such as Ikea, Lifetime Products, and La-Z-Boy focus on innovative designs and sustainable practices to gain a competitive edge. Strategic partnerships and mergers contribute to market dominance, driven by a balance between product quality, pricing strategies, and responsiveness to consumer trends.

Key Market Players

The leaders in the global folding furniture market include:

IKEA
Ashley Furniture Industries Inc
Leggett and Platt Inc
Dorel Industries Inc
Haworth Inc
Expand Furniture
Murphy Wall Beds Hardware Inc
Flexsteel Industries Inc
Maxchief Europe
Hussey Seating Company
Aagard Group
Cosco Home and Office Products
Roll-A-Bout Corporation
Acdoco Ltd.
CORRADI SRL
Expand Furniture

Global Folding Furniture Market is Segmented as Below:

By Product Type:

Chairs
Tables
Sofas
Beds
Other Furniture

By Application:

Residential
Commercial

By Geographic Coverage:

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Turkey
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Egypt
- Nigeria
- Rest of Middle East & Africa

1. Executive Summary

1.1. Global Folding Furniture Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Folding Furniture Market Outlook, 2018 - 2030

3.1. Global Folding Furniture Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Chairs
  - 3.1.1.2. Tables
  - 3.1.1.3. Sofas
  - 3.1.1.4. Beds
  - 3.1.1.5. Other Furniture
3.2. Global Folding Furniture Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Residential
  - 3.2.1.2. Commercial
3.3. Global Folding Furniture Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Folding Furniture Market Outlook, 2018 - 2030

4.1. North America Folding Furniture Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Chairs
  - 4.1.1.2. Tables
  - 4.1.1.3. Sofas
  - 4.1.1.4. Beds
  - 4.1.1.5. Other Furniture
4.2. North America Folding Furniture Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Residential
  - 4.2.1.2. Commercial
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Folding Furniture Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 4.3.1.2. U.S. Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 4.3.1.3. Canada Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 4.3.1.4. Canada Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Folding Furniture Market Outlook, 2018 - 2030

5.1. Europe Folding Furniture Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Chairs
  - 5.1.1.2. Tables
  - 5.1.1.3. Sofas
  - 5.1.1.4. Beds
  - 5.1.1.5. Other Furniture
5.2. Europe Folding Furniture Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Residential
  - 5.2.1.2. Commercial
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Folding Furniture Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.2. Germany Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 5.3.1.3. U.K. Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.4. U.K. Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 5.3.1.5. France Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.6. France Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 5.3.1.7. Italy Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.8. Italy Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 5.3.1.9. Turkey Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.10. Turkey Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 5.3.1.11. Russia Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.12. Russia Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 5.3.1.13. Rest of Europe Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.14. Rest of Europe Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Folding Furniture Market Outlook, 2018 - 2030

6.1. Asia Pacific Folding Furniture Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Chairs
  - 6.1.1.2. Tables
  - 6.1.1.3. Sofas
  - 6.1.1.4. Beds
  - 6.1.1.5. Other Furniture
6.2. Asia Pacific Folding Furniture Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Residential
  - 6.2.1.2. Commercial
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Folding Furniture Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. China Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.2. China Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 6.3.1.3. Japan Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.4. Japan Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 6.3.1.5. South Korea Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.6. South Korea Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 6.3.1.7. India Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.8. India Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 6.3.1.9. Southeast Asia Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.10. Southeast Asia Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 6.3.1.11. Rest of Asia Pacific Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.12. Rest of Asia Pacific Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Folding Furniture Market Outlook, 2018 - 2030

7.1. Latin America Folding Furniture Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Chairs
  - 7.1.1.2. Tables
  - 7.1.1.3. Sofas
  - 7.1.1.4. Beds
  - 7.1.1.5. Other Furniture
7.2. Latin America Folding Furniture Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Residential
  - 7.2.1.2. Commercial
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Folding Furniture Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.2. Brazil Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 7.3.1.3. Mexico Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.4. Mexico Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 7.3.1.5. Argentina Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.6. Argentina Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 7.3.1.7. Rest of Latin America Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.8. Rest of Latin America Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Folding Furniture Market Outlook, 2018 - 2030

8.1. Middle East & Africa Folding Furniture Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Chairs
  - 8.1.1.2. Tables
  - 8.1.1.3. Sofas
  - 8.1.1.4. Beds
  - 8.1.1.5. Other Furniture
8.2. Middle East & Africa Folding Furniture Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Residential
  - 8.2.1.2. Commercial
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Folding Furniture Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.2. GCC Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 8.3.1.3. South Africa Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.4. South Africa Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 8.3.1.5. Egypt Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.6. Egypt Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 8.3.1.7. Nigeria Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.8. Nigeria Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
  - 8.3.1.9. Rest of Middle East & Africa Folding Furniture Market by Product Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.10. Rest of Middle East & Africa Folding Furniture Market Application, Value (US$ Mn), 2018 - 2030
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Application vs Application Heatmap
9.2. Manufacturer vs Application Heatmap
9.3. Company Market Share Analysis, 2022
9.4. Competitive Dashboard
9.5. Company Profiles
- 9.5.1. IKEA
  - 9.5.1.1. Company Overview
  - 9.5.1.2. Product Portfolio
  - 9.5.1.3. Financial Overview
  - 9.5.1.4. Business Strategies and Development
- 9.5.2. Ashley furniture industries inc
  - 9.5.2.1. Company Overview
  - 9.5.2.2. Product Portfolio
  - 9.5.2.3. Financial Overview
  - 9.5.2.4. Business Strategies and Development
- 9.5.3. Leggett and Platt Inc
  - 9.5.3.1. Company Overview
  - 9.5.3.2. Product Portfolio
  - 9.5.3.3. Financial Overview
  - 9.5.3.4. Business Strategies and Development
- 9.5.4. Dorel Industries Inc
  - 9.5.4.1. Company Overview
  - 9.5.4.2. Product Portfolio
  - 9.5.4.3. Financial Overview
  - 9.5.4.4. Business Strategies and Development
- 9.5.5. Haworth Inc
  - 9.5.5.1. Company Overview
  - 9.5.5.2. Product Portfolio
  - 9.5.5.3. Financial Overview
  - 9.5.5.4. Business Strategies and Development
- 9.5.6. Expand Furniture
  - 9.5.6.1. Company Overview
  - 9.5.6.2. Product Portfolio
  - 9.5.6.3. Financial Overview
  - 9.5.6.4. Business Strategies and Development
- 9.5.7. Murphy wall beds hardware Inc
  - 9.5.7.1. Company Overview
  - 9.5.7.2. Product Portfolio
  - 9.5.7.3. Financial Overview
  - 9.5.7.4. Business Strategies and Development
- 9.5.8. Flexsteel industries Inc
  - 9.5.8.1. Company Overview
  - 9.5.8.2. Product Portfolio
  - 9.5.8.3. Business Strategies and Development
- 9.5.9. Maxchief Europe
  - 9.5.9.1. Company Overview
  - 9.5.9.2. Product Portfolio
  - 9.5.9.3. Financial Overview
  - 9.5.9.4. Business Strategies and Development
- 9.5.10. Hussy seating company
  - 9.5.10.1. Company Overview
  - 9.5.10.2. Product Portfolio
  - 9.5.10.3. Financial Overview
  - 9.5.10.4. Business Strategies and Development
- 9.5.11. Aagard Group
  - 9.5.11.1. Company Overview
  - 9.5.11.2. Product Portfolio
  - 9.5.11.3. Financial Overview
  - 9.5.11.4. Business Strategies and Development
- 9.5.12. Cosco Home and Office Products
  - 9.5.12.1. Company Overview
  - 9.5.12.2. Product Portfolio
  - 9.5.12.3. Financial Overview
  - 9.5.12.4. Business Strategies and Development
- 9.5.13. Roll-A-Bout Corporation
  - 9.5.13.1. Company Overview
  - 9.5.13.2. Product Portfolio
  - 9.5.13.3. Financial Overview
  - 9.5.13.4. Business Strategies and Development
- 9.5.14. Acdoco Ltd.
  - 9.5.14.1. Company Overview
  - 9.5.14.2. Product Portfolio
  - 9.5.14.3. Financial Overview
  - 9.5.14.4. Business Strategies and Development
- 9.5.15. CORRADI SRL
  - 9.5.15.1. Company Overview
  - 9.5.15.2. Product Portfolio
  - 9.5.15.3. Financial Overview
  - 9.5.15.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations