The folding furniture market was valued at US$ 3,070.80 million in 2019 and is projected to reach US$ 4,754.29 Million by 2027; it is expected to grow at a CAGR of 5.7% from 2020 to 2027.
The demand for folding furniture is rising with rapid urbanization coupled with significant growth in residential sector and rapid advancement related to folding furniture. Folding furniture such as chairs, tables, sofas, beds, table trays, and others are quite popular among both residential and commercial customers. In 2019, Asia Pacific contributed to the largest share in the global folding furniture market. Attributed to the APAC region's flourishing economic conditions, there has been a spur in the region's industrial activities. The exponential growth in the residential and commercial sector drives the demand for folding furniture market. The region encompasses an ample amount of opportunities for the growth of the market attributable to the rise in foreign direct investments along with rise in manufacturing spending toward better product offerings. The upsurge in the middle-class population along with growth in urbanization offer lucrative opportunities for the key market players operating in the folding furniture market in APAC
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- Ashley Furniture Industries
- Bush Industries, Inc.
- Kestell Furniture LLC
- Haworth, Inc.
- Inter IKEA Holding B.V.
- La-Z-Boy, Inc.
- Meco Corporation
- Sauder Woodworking Company
- Atlas Industries
- Table-Mate USA, LLC
- Plastic Development Group
- Leggett & Platt, Inc.
- Murphy Wall-Beds Hardware Inc
The reports cover key developments in the Folding Furniture Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.
The report analyses factors affecting the Folding Furniture Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Folding Furniture Market in these regions.
Moreover, the report entails the estimate and analysis for the Folding Furniture Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Folding Furniture Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Folding Furniture Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Folding Furniture Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Promising Regions & Countries Mentioned in The Folding Furniture Market Report:
- North America
- Latin America
- The Middle East & Africa
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Major Features of Folding Furniture Market Report:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Folding Furniture market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global Folding Furniture market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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