Global Folding Furniture Market Report by Application Type Distribution Channel Material Countries and Company Analysis, 2024-2032

Folding Furniture Market Analysis

Global folding furniture market is anticipated to cross US$ 16.33 billion by 2032 from US$ 7.80 billion in 2023, with a Compound Annual Growth Rate CAGR of 8%.55 over the estimated period 2024 to 2032. This segment has been expanding year by year because of factors such as urbanization, space constraints accompanied by the need for flexible solutions and multifunctional furniture.

Folding Furniture Market Outlook

Folding furniture is identified as flexible uses that are crafted with some capability of collapsing or folding to create stow ability or transportability. This category ranges from the folding chairs, tables, beds, shelves among others; all of which have their uses in various places.

Folding furniture is particularly beneficial because it saves space one of the main constraints in most homes. In small apartments or homes, folding chairs and tables are usually a great source of dining or workspace that can be easily folded and put away when not in use. For the same reasons, they are also commonly used in areas where they are easy to transport and quick to raise like in picnicking or camping.

Folding bed as well as sofa bed are useful particularly in guest rooms or in living room where additional bed space is required. They provide the comfort without crossing over into the territory of bachelor pads and hotel rooms. Cabinet rolling lofts are uniquely designed such that they can be rolled or folded flat in the event that it is not being used to store anything.

Driving Factor in the Folding Furniture Market

Increasing urbanization worldwide drives demand for space-efficient furniture solutions

Urbanization around the world has led to demand for new convenient furniture and folding furniture for small living spaces is one of the most sought after. City residents are usually presented with the challenge of space constraint this leads them to look for multifunctional furniture that they can use in their limited space. folding chairs, tables or beds for instance can be readily folded or unfolded in the event that the resident needs a larger space or when the furniture is not in use allowing the residents to maximize the use of their space without necessarily compromising the elegance of their house. It has solidified the need for convenient movable interior goods that are easily portable because of the unavailability of larger spaces given the centralized city environments, thus, fueling world demand and the buying trend of folding furniture.

High real estate prices drive consumers to prioritize space utilization, making folding furniture an ideal solution for optimizing living areas.

Consumers are forced to pay high amounts of rent or purchase real estate due to high costs; hence, consumers aim at utilizing as many spaces as possible folding furniture to make best use of a room. Folding furniture like chairs, tables, and beds are advantageous as they can be folded or compressed in the event that they are not in use so as to create more space in the small apartments or houses. Such an approach is rather practical and can be used for people who want to retain their functionality while being comfortable and stylish, and adapt to the conditions of the modern bustling city where available space is rather limited. Hence, folding furniture can be received as a key tendency in interior design and space usage in modern conditions, as now people focus on saving space and money for rent.

Remote work trends boost demand for portable, adaptable furniture that's easy to move or store as required.

Many organisations have adopted remote working therefore now the need for furniture that can be easily transferred or packed away. Telecommuting and flexible work settings demand chairs that should enhance the effectiveness of adjustments within a working environment. Mobile structures such as desks, chairs and shelving units that are multimodal and compact are more and more appreciated by teleworkers concerned by comfort and utility. Such a trend implies an evolution of modern home offices as well-optimized, comfortable, and adaptable to new work requirements, thus improving remote work environments.

Asia Pacific Folding Furniture Market

The folding furniture market is Asia Pacific is fast growing with the factors such as urbanization, increase in income and growing trend of compact housing in countries like China, Japan, India and South Korea. Folding furniture is ideal for use in city centers because limited space is common in such regions and every space needs to be utilized to the maximum. The increasing consumer consciousness about space utilization and the multifunctional furniture that can be applied in their homes is among the factors leading to market growth; a factor strengthened by advances in furniture design and types of use available in the market. Progresses in electronic business and logistics make market availability better, benefit the facilitating chance for manufacturers and retailers to exploit opportunities to supply the change demand from urban consumers, pursuing for such purpose and multifunctional furniture solutions.

Folding Furniture Company Analysis

Key players in the Folding Furniture Market include Flexsteel Industries, Dorel Industries, Lifetime Brands, Home Depot, Bassett Furniture Industries, La-Z-Boy, Leggett & Platt, and Haverty Furniture.

Global Folding Furniture Company News

April 2022: Reopening its 9th-floor C&D Building showroom at the High Point Market, Dorel Home, a division of Dorel Industries Inc., will display new items in addition to its expanding collection of well-known licensed brands.

February 2022: Ashley Furniture HomeStore's new 15,000-square-foot store in Guadalajara, Jalisco, Mexico, is on Avenida Patria #120. The Guadalajara location greatly aids the Ashley brand's growth in Mexico.

Type - Market Breakup in 5 Viewpoints

1. Tables

2. Chairs

3. Sofas

4. Beds

5. Others

Application - Market Breakup in 2 Viewpoints

1. Residential

2. Commercial

Distribution Channel - Market Breakup in 4 Viewpoints

1. Supermarkets & Hypermarket

2. Specialty Stores

3. E-commerce

4. Others

Material - Market Breakup in 5 Viewpoints

1. Metal

2. Wood

3. Plastic

4. Glass

5. Others

Geography - Market Breakup of 25 countries

North America

• United States
• Canada

Europe

• France
• Germany
• Italy
• Spain
• United Kingdom
• Belgium
• Netherlands
• Turkey

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Thailand
• Malaysia
• Indonesia
• New Zealand

Latin America

• Brazil
• Mexico
• Argentina

Middle East & Africa

• South Africa
• Saudi Arabia
• United Arab Emirates

Company Insights:

• Overview
• Recent Development & Strategies
• Product Portfolio
• Financial Insight

Key Players Analysis:

1. Flexsteel Industries

2. Dorel Industries

3. Lifetime Brands

4. Home Depot

5. Bassett Furniture Industries

6. La-Z-Boy

7. Leggett & Platt

8. Haverty Furniture

9. Hooker Furnishings

10. IKEA