Folding Furniture Global Market Report 2024

Description

Folding furniture consists of items designed with hinges or joints that allow them to be easily folded, collapsed, or compactly adjusted for storage and transportation. These pieces are typically lightweight and versatile, offering space-saving benefits and the ability to adapt to changing space or storage needs.

The main types of folding furniture include chairs, tables, sofas, beds, and others. Folding chairs, for example, are portable seating solutions that can be collapsed for easy storage or transport, making them ideal for events and outdoor activities. These items are made from various materials, including wood, metal, and plastic. They are available through multiple distribution channels, both online and offline, and serve a range of applications in residential and commercial settings.

The folding furniture market research report is one of a series of new reports from The Business Research Company that provides folding furniture market statistics, including folding furniture industry global market size, regional shares, competitors with a folding furniture market share, detailed folding furniture market segments, market trends, and opportunities, and any further data you may need to thrive in the folding furniture industry. This folding furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The folding furniture market size has grown strongly in recent years. It will grow from $9.87 billion in 2023 to $10.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth during the historic period can be attributed to the increasing prevalence of smaller living spaces, the rise in single-person households, heightened environmental awareness, growing demand for affordable furniture solutions, and advancements in e-commerce and online retailing.

The folding furniture market size is expected to see strong growth in the next few years. It will grow to $13.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth during the forecast period can be attributed to the increasing integration of smart home technology, the rise in home offices, expanding residential and non-residential construction, growing urbanization, and rising disposable income. Key trends in the forecast period include advancements in material technology, a shift towards eco-friendly and sustainable materials, a demand for portable and lightweight furniture, innovations in folding mechanisms, and the integration of smart technology.

The growing emphasis on space optimization and home renovation is expected to drive the expansion of the folding furniture market in the future. Home renovation involves upgrading, remodeling, or improving existing residential properties to boost their functionality, aesthetics, or value. This focus on home renovation is driven by factors such as personalization, property value, functionality, sustainability, lifestyle changes, and the condition of housing stock. Folding furniture is often incorporated into home renovation projects to enhance and extend both indoor and outdoor living spaces, providing homeowners with practical and comfortable areas for relaxation, dining, and entertainment. For example, the Joint Center for Housing Studies of Harvard University reported in January 2023 that spending on home improvement projects is projected to rise from $472 billion in 2022 to $485 billion by 2024. Thus, the growing emphasis on space optimization and home renovation is fueling the growth of the folding furniture market.

Leading companies in the folding furniture market are developing innovative designs, such as smart and stylish foldable racing simulator cockpit chairs, to offer a realistic racing experience while being compact and easy to store. These chairs are designed specifically for racing simulation enthusiasts and incorporate technology for quick storage and mobility without compromising stability or durability. For instance, in September 2023, Logitech G, a Switzerland-based company, partnered with Playseat, a Netherlands-based manufacturer of gaming seats, to launch the Playseat Challenge X. This chair combines ergonomic design with foldable functionality, allowing for easy storage and setup. Made from lightweight, foldable carbon steel, the chair weighs only 11.6 kg (26 pounds) and features Playseat's ActiFit breathable material, a body-conforming design, and adjustable stiffness for enhanced support and thermal management.

In June 2023, HNI Corporation, a US-based furniture company, acquired Kimball International, Inc. for $485 million. This acquisition is set to expand HNI's product range to include foldable furniture solutions, leveraging Kimball's expertise in flexible and adaptable furniture designs. Kimball International Inc. is a US-based furniture company specializing in the manufacture of folding chairs and tables.

Major companies operating in the folding furniture market are Samsonite Corporation, Herman Miller Inc., Raymour & Flanigan, Haworth Inc., Dorel Industries, Lifetime Products Inc., Hooker Furnishings Corporation, Sauder Woodworking Co., Hussey Seating Company, Urban Ladder, National Public Seating, Resource Furniture, MECO Corp., Eurosteel Office Furniture, Murphy Wall Beds Hardware Inc., Gopak, CoscoProducts.com, Expand Furniture, Flexfurn, Nilkamal Furniture, Spec Seats

Asia-Pacific was the largest region in the folding furniture market in 2023. The regions covered in the folding furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the folding furniture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The folding furniture market consists of sales of shelves, benches, trolleys, stool sets, and desks. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Folding Furniture Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on folding furniture market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Where is the largest and fastest growing market for folding furniture ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The folding furniture market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Product Type: Chairs; Tables; Sofas; Beds; Other Product Types
2) By Material: Wood; Metal; Plastic
3) By Distribution Channel: Offline; Online
4) By Application: Residential; Commercial
Companies Mentioned: Samsonite Corporation; Herman Miller Inc.; Raymour & Flanigan; Haworth Inc.; Dorel Industries
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r19679

1. Executive Summary

2. Folding Furniture Market Characteristics

3. Folding Furniture Market Trends And Strategies

4. Folding Furniture Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Folding Furniture Market Size and Growth

5.1. Global Folding Furniture Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Folding Furniture Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Folding Furniture Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Folding Furniture Market Segmentation

6.1. Global Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Chairs
Tables
Sofas
Beds
Other Product Types
6.2. Global Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Wood
Metal
Plastic
6.3. Global Folding Furniture Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Offline
Online
6.4. Global Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Commercial

7. Folding Furniture Market Regional And Country Analysis

7.1. Global Folding Furniture Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Folding Furniture Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Folding Furniture Market

8.1. Asia-Pacific Folding Furniture Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Folding Furniture Market

9.1. China Folding Furniture Market Overview
9.2. China Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Folding Furniture Market

10.1. India Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Folding Furniture Market

11.1. Japan Folding Furniture Market Overview
11.2. Japan Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Folding Furniture Market

12.1. Australia Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Folding Furniture Market

13.1. Indonesia Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Folding Furniture Market

14.1. South Korea Folding Furniture Market Overview
14.2. South Korea Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Folding Furniture Market

15.1. Western Europe Folding Furniture Market Overview
15.2. Western Europe Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Folding Furniture Market

16.1. UK Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Folding Furniture Market

17.1. Germany Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Folding Furniture Market

18.1. France Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Folding Furniture Market

19.1. Italy Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Folding Furniture Market

20.1. Spain Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Folding Furniture Market

21.1. Eastern Europe Folding Furniture Market Overview
21.2. Eastern Europe Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Folding Furniture Market

22.1. Russia Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Folding Furniture Market

23.1. North America Folding Furniture Market Overview
23.2. North America Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Folding Furniture Market

24.1. USA Folding Furniture Market Overview
24.2. USA Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Folding Furniture Market

25.1. Canada Folding Furniture Market Overview
25.2. Canada Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Folding Furniture Market

26.1. South America Folding Furniture Market Overview
26.2. South America Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Folding Furniture Market

27.1. Brazil Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Folding Furniture Market

28.1. Middle East Folding Furniture Market Overview
28.2. Middle East Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Folding Furniture Market

29.1. Africa Folding Furniture Market Overview
29.2. Africa Folding Furniture Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Folding Furniture Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Folding Furniture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Folding Furniture Market Competitive Landscape And Company Profiles

30.1. Folding Furniture Market Competitive Landscape
30.2. Folding Furniture Market Company Profiles
- 30.2.1. Samsonite Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Herman Miller Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Raymour & Flanigan
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Haworth Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Dorel Industries
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Folding Furniture Market Other Major And Innovative Companies

31.1. Lifetime Products Inc.
31.2. Hooker Furnishings Corporation
31.3. Sauder Woodworking Co.
31.4. Hussey Seating Company
31.5. Urban Ladder
31.6. National Public Seating
31.7. Resource Furniture
31.8. MECO Corp.
31.9. Eurosteel Office Furniture
31.10. Murphy Wall Beds Hardware Inc.
31.11. Gopak
31.12. CoscoProducts.com
31.13. Expand Furniture
31.14. Flexfurn
31.15. Nilkamal Furniture

32. Global Folding Furniture Market Competitive Benchmarking

33. Global Folding Furniture Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Folding Furniture Market

35. Folding Furniture Market Future Outlook and Potential Analysis

35.1 Folding Furniture Market In 2028 - Countries Offering Most New Opportunities
35.2 Folding Furniture Market In 2028 - Segments Offering Most New Opportunities
35.3 Folding Furniture Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer