Folding Furniture Market Size, Share, Industry Growth, Report 2024-2032

IMARC Group, a leading market research company, has recently releases report titled “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”, Offers a comprehensive analysis of the industry, which comprises insights on the global folding furniture market.

How Big Is the Folding Furniture Market?

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.

Factors Affecting the Growth of the Global Folding Furniture Industry:

Increasing Urbanization:

The rising trend of urbanization and the consequent reduction in living spaces significantly drive the folding furniture market. As more people move to urban areas, they often find themselves in compact living situations where efficient use of space is crucial. Folding furniture provides an ideal solution by being highly adaptable — it can be expanded when needed and tucked away easily. This versatility is especially valuable in apartments, small homes, and in situations where a room serves multiple purposes. Manufacturers are capitalizing on this need by creating innovative, stylish, and practical folding designs that appeal to urban dwellers, further propelling market growth.

Increasing Demand for Flexible Furniture:

In modern homes and offices, there is a growing preference for flexible and multipurpose environments. Folding furniture addresses this demand by offering products that can serve multiple functions, such as foldable desks that can be used as dining tables or beds that convert into sofas. This versatility makes folding furniture particularly attractive for those who frequently host guests or need to adapt their space for different activities. Moreover, the rise of the gig economy and remote work has amplified the need for home office furniture that can be easily stored or moved, adding another layer of utility and driving market growth.

Economic Factors:

Folding furniture is often more affordable than traditional furniture, making it an attractive option for budget-conscious consumers, renters, and young adults setting up their first homes. Additionally, the economic uncertainty driven by global events such as pandemics or economic downturns tends to increase the attractiveness of cost-effective furniture options. Consumers prioritize flexibility and affordability in their purchasing decisions during such times, leading to a spike in demand for folding furniture. This market segment also benefits from lower shipping and storage costs due to its compact nature, appealing to both consumers and retailers.

For an in-depth analysis, you can refer sample copy of the report : https://www.imarcgroup.com/folding-furniture-market/requestsample

Leading Companies Operating in the Global Folding Furniture Industry:

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

Global Folding Furniture Market Report Segmentation:

By Product Type:

Tables and Chairs
Sofas
Beds
Others

Tables and chairs represent the leading segment as they cater to diverse needs such as dining, working, studying, and socializing.

By Distribution Channel:

Offline
Online

Offline holds the largest market share as offline retail channels, including brick-and-mortar stores, specialty furniture shops, and home improvement centers, offer a tangible shopping experience that allows customers to physically interact with folding furniture products.

By Application:

Residential
Commercial

Residential sector dominates the market due to the growing preference for multifunctional furniture among homeowners.

By Region:

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

Asia Pacific’s dominance in the folding furniture market is attributed to rapid urbanization and expanding population.

Global Folding Furniture Market Trends:

Nowadays, with urbanization on the rise globally, there is a growing demand for compact and versatile furniture solutions. Folding furniture, with its space-saving design and easy storage capabilities, is becoming increasingly popular among urban dwellers living in smaller apartments, condominiums, and tiny homes. This trend is expected to continue as urban populations expand, driving the growth of the folding furniture market.

Besides, consumers are increasingly seeking furniture pieces that offer versatility and functionality. Multi-functional folding furniture designs that can serve multiple purposes, such as a folding table that doubles as a desk or a sofa bed that converts into seating during the day and a bed at night, are gaining traction in the market. This trend reflects the demand for furniture that maximizes utility without compromising on style or comfort.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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