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Folding Furniture Market Research Report, Competitive Analysis, Key Player and Region
Forecast to 2023
Market research future published a half cooked research report on global folding furniture
market. The folding furniture market is expected to grow at CAGR of around 5.8% during the
period 2017 to 2023.
Market Highlights:
Rapid industrialization and urbanization in the emerging economies such as China, India,
Indonesia, Thailand, Brazil, and Mexico, drive the growth of the market. Many people are shifting
from rural to urban areas. Hence, the increasing population, and lack of housing structures,
automatically increase the value of available limited space, where space saving furniture is the
most suited option. Folding furniture is an effective alternative to traditional furniture. The multifunctionality and space saving of this type of furniture, also enhance the decor of available space.
Growing demand for decorative interior and low maintenance building products, are also expected
to generate growth opportunities for the market. However, the fluctuating prices of raw material,
may restrict the growth of the market.
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Market Research Analysis:
For the purpose of this study, the global folding furniture market has been segmented based on
products, and applications. On the basis of product, the market has been segmented as chairs,
tables, sofas, beds, and other furniture. Among products, sofa accounted for the largest market
share. A sofa is the most popular product type as it enhances the décor of the living room.
Foldable beds segment is expected grow at the highest CAGR during the forecast period.
Growing adoption of co-living trend in the US, and various bed designs such as murphy beds,
wall beds, would raise the demand in near future.
On the basis of applications, the market has been segmented as residential and non-residential.
Residential sector dominates the application segment of the market and is expected to grow at
the highest CAGR during the forecast period. Increasing residential construction across the globe
increases the demand of the market. Non-residential segment is the second largest application
segment of the market. Non-residential application segment is expected to contribute
significantly during the forecast period. Folding furniture is installed in numerous subapplications within the non-residential construction sector such as corporate offices, healthcare
centers, and educational institutions. It is also installed in Cafeterias, and hotels.
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Scope of the Report
This study provides an overview of the global folding furniture market, tracking two market
segments across four geographic regions. The report studies key players, providing a five-year
annual trend analysis that highlights market size, volume and share for North America, Europe,
Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast,
focusing on the market opportunities for the next six years for each region. The scope of the
study segments the global folding furniture market by product, by application, and region.
By Product
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Chairs
Tables
Sofas
Beds
Other Furniture
Application
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Residential
Non-residential
By Region
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North America
Asia Pacific
Europe
Rest of the World
Key Players:
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Resource Furniture (U.S.)
Expand Furniture (Canada)
Meco Corporation (U.S)
Ashley Furniture Industries Inc. (U.S.)
IKEA Systems B.V. (Sweden)
Murphy Bed (U.S.)
La-Z-Boy Incorporated (U.S.)
Flexfurn Ltd (Belgium)
Gopak Ltd (U.K.)
Nilkamal Limited (India).
Leggett & Platt, Inc. (U.S.)
 Dorel Industries Inc. (Canada)
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