Urbanization pooled with population increase has resulted into people moving towards cities in search of employment opportunities. A product of modernization and industrialization, accommodation shortage led to building of micro-apartments to lodge the growing population. This has provided opportunity for development of foldable space saving furniture. In the past what was observed as cheap furniture is now considered as trendy and value for money.
Foldable furniture provides for effective space saving options without downscaling but rather collapsing the furniture as per the available area. It not only provides for utilitarian options such as dining chair but also offers aesthetic appeal. From ceiling beds to pop-up coffee table, foldable furniture industry provides for numerous innovations. The most recent trend being that of Bookniture, a compact furniture hidden in a book. Designed to look as small notebook, bookniture can be unfolded into a footrest, standing desk, and portable side table.
Rise in single-family dwellings, growth in population, and booming real estate industry are some of the factors that propel the growth in the foldable furniture market. Apart from being multifunctional, foldable furniture enhances home decor. Though, the demand for foldable furniture is increasing, rising cost of raw material that includes resin, aluminum, and plastic might hamper wide-spread adoption of the same.
Folding furniture market is segmented based on type of furniture, usage, sales channel, and geography. Different types of folding furniture include chairs, tables, sofas, beds, and other furniture. These variety of types of folding furniture are used for commercial as well as residential purpose. Folding furniture is sold through online as well as offline stores. Folding furniture market is analyzed across geographies namely North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and Rest of LAMEA).
Potential Benefits for Stakeholders
The foldable furniture market research study provides an in-depth analysis of the folding furniture market to elucidate the imminent investment pockets
Current market trends, regional foldable furniture market size, and future estimations are outlined to single out profitable areas
The report provides information about key drivers, restraints, and opportunities with a detailed impact analysis
Quantitative market analysis from 2014 to 2022 is provided to understand the financial competency
Porter's Five Forces model of foldable furniture industry illustrate the potency of the buyers and suppliers
Value chain analysis provides a clear understanding of the roles of stakeholders involved
MARKET SEGMENTATION
The global folding furniture market is segmented by product types, application, distribution channel, and geography.
BY TYPE
Chairs
Tables
Sofas
Beds
Other furniture
BY USAGE
Commercial Usage
Residential Purpose
BY SALES CHANNEL
Online Stores
Offline Stores
BY GEOGRAPHY
North America
U.S.
Canada
Mexico
Europe
UK
Germany
Italy
France
Rest of Europe
Asia-Pacific
Australia
China
India
Japan
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players:
Meco Corporation
Dorel Industries Inc.
Inter Ikea Systems B.V.
Bush Industries, Inc.
Sauder Woodworking Company
Haworth Inc.
Lifetime Products Inc.
Resource Furniture
Expand Furniture
Murphy Wall Beds Hardware Inc.
Other players in the value chain include (profiles not included in the report)
Ashley Furniture Industries
Flexsteel Industries, Inc.
La-Z-Boy Inc.
Leggett & Platt Inc.
Home Depot, Inc.
