USD 8.60 billion
Folding Furniture Market Size, Share, Growth Analysis, By Product(Table & Chair, Sofa, Bed, and Others), By Distribution Channel(Offline and Online), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25F2057 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
62
|Figures:
75
Folding Furniture Market Insights
Folding Furniture Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 7.80% during the forecast period (2025-2032).
The demand for space-saving and versatile furniture has increased as a result of the prevalence of small-space residences in many different countries. Compact and versatile furniture is also preferred by millennials who opt to rent their homes, which is expected to drive the global market.
In order to mimic the aesthetically pleasing qualities of classic furniture, businesses are creating foldable tables and chairs made of metal and wood. Growing consumer demand for small-space furniture has enabled businesses to release additional items, like study tables, racks, & storage boxes with folding features. For instance, Inter IKEA Systems B.V. introduced space-saving shelving units with folding tables in 2021. These tables are easily usable as both a workplace and a dining table.
These modern goods have been made possible by the rising costs of traditional wood furniture as a result of growing environmental concerns. Lightweight materials like plastic & mild steel are used in the production of this furniture. Because they are more affordable and more durable, metal and plastic folding furniture is becoming more and more popular. For example, Lucid Mattress offers a folding aluminum bed frame with sturdy wired grid supports to properly modify the mattress.
Additionally, the idea of folding furniture has gained popularity due to the shifting tendency towards small-sized dwellings as a result of the growing population and urbanization. The average size of a new flat in Tokyo is 680 square feet, and the average size of an existing flat is 647 square feet, according to Tokyo Kantei. The typical area of a new flat in the United States is 941 square feet, a decrease of 5% over the past ten years. As a result, there is a greater market need for foldable furniture due to the reduction of living space in flats.
In addition, the inclination for one- and two-person families has changed, making room for furniture that takes up less room. For instance, in the European Union-28, single-person homes accounted for around 33.9% of all families, whereas private houses made up 25.1% of two-person households. The introduction of new products is another area of emphasis for manufacturers via mergers and acquisitions. For instance, COS and HAY worked together with Spanish designer Tomas Alonso to create two foldable oak tables.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Offline
Fastest Growth
Offline
Growth Rate
7.80% CAGR
Global Folding Furniture Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Folding Furniture Market Segmental Analysis
The global folding furniture market is categorized into product, distribution channel, and region. Based on product, the market is segmented into table & chair, sofa, bed, and others. Based on distribution channels, the market is segmented into offline and online. Based on region the global folding furniture market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Product
Table and chairs led the market for foldable furniture in 2022, accounting for more than 50% of global sales. Folding chairs are a popular style of furniture because of their adaptability and usability. These are primarily made of plastic, but as people choose hardwood furniture for its aesthetic value, the manufacture of wooden foldable chairs has expanded. For instance, folding chairs made of bamboo wood are available from Flash Furniture in the USA and may be used both indoors and outdoors.
The quickest CAGR of 7.3% is anticipated for the growth of folding sofas between 2022 and 2030. Due to the popularity of sofas as the main piece of furniture in living rooms and increased consumer demand for products that require less space, the market for folding couch sets is predicted to grow. Additionally, a shift in consumer preference towards foldable sofas that can be converted into beds is anticipated to accelerate the rise of folding sofas during the anticipated period. For instance, Elephant in a Box, a collapsible sofa that is shipped in a small box and requires less than five minutes to install, was unveiled on Kickstarter.
Analysis by Distribution Channel
The offline sector controlled more than 75.0% of the market, which dominated the whole economy. Specialty stores dominated the segment for offline channels of distribution due to the vast range of home furnishings retailers on the market. Due to the dominance of retail shops, prominent businesses around the world, such as IKEA Systems International B.V., Urban Ladder, Pepperfry, & Raymour & Flanigan Furniture, compete ferociously. These companies aid consumers in visualizing their personal house and furniture collection because of the synthetically created home environment. The key factors behind these businesses are also the availability of options for home furniture customization that correspond with client preferences and the space availability of varied residences. Additionally, there is a demand for offline retailers that sell foldable furniture due to the availability of furniture in supermarkets and hypermarkets, which allows customers to browse for home furnishings while also making purchases for various household necessities under one roof.
Global Folding Furniture Market By Distribution Channel
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Folding Furniture Market Regional Insights
Asia Pacific dominated the global market for foldable furniture, accounting for an estimated 40.0% of the total market. Customers have been compelled to buy such furniture products by the expanding tendency of smaller apartments in cities like Japan, Tokyo, Shanghai, & India. Additionally, the prevalence of countries with the fewest homes per person in the region serves to favorably push the market for folding furniture. China had the largest average living area worldwide, at 646 square feet, while Hong Kong had the smallest, at 470 square feet. Also encouraging market progress in the region is a large concentration of producers, such as The PAN Emirates, Cost Plus Global Market, & Space Furniture Pte Ltd.
North America is anticipated to have the fastest CAGR of 7.2% during the forecast period. Due to their reduced utilization and demand for less living space, one- and two-person households are becoming more popular in American countries such as the U.S., Canada, & Mexico. Due to features like decreased space requirements, flexibility, & ease of transportation, space-saving furniture is becoming more and more popular in industrialized countries like the United Kingdom, Germany, and Britain. As a result, the market for folding furniture products in European countries has also increased. Thus, it is expected that during the anticipated time frame, these rising trends will increase demand for foldable furniture in both North America and Europe.
Global Folding Furniture Market By Geography
- Largest
- Fastest
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Folding Furniture Market Dynamics
Drivers
Space Constraints and Urban Living
- The increasing urbanization and limited living spaces in urban areas drive the demand for folding furniture. Folding furniture offers the flexibility to maximize space utilization by providing functional furniture solutions that can be easily folded and stored when not in use.
Restraints
Perception of Lower Durability
- Some consumers perceive folding furniture to be less durable compared to traditional furniture. While advancements in manufacturing techniques and materials have improved the durability of folding furniture, addressing consumer concerns about longevity and sturdiness remains important for market growth.
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Folding Furniture Market Competitive Landscape
There is fierce competition on the global market by its very nature. Ashley Furniture Businesses, La-Z-Boy Inc., Leggett and Platt Inc., Resource Furniture, Sauder Woodworking, Flexsteel Industries, Inc., Haworth Inc., Meco company, Dorel Industries, Inc., Murphy Wall Beds Hardware, and Company are some of the major companies active in the international industry. To meet the growing demand for foldable furniture products, businesses are concentrating on increasing their production capacity through the use of cutting-edge technology. Companies like Murphy Walls Beds Hardware Inc., Twin Cities Closet Company, and The Bedder WayCo., for example, have developed folding wall beds & independent wall bed mechanisms that perform the essential purpose while also contributing to adequate space savings.
Top Player’s Company Profiles
- Flexsteel Industries, Inc.
- Expand Furniture
- Haworth, Inc.
- Leggett & Platt, Inc.
- Cosco Home & Office Products
- Ashley Furniture Industries, Inc.
- NISSEN Denmark
- Resource Furniture
- MityLite
- Gopak Ltd.
- La-Z-Boy Incorporated
- FOLD & GO
- Alstons Upholstery Ltd.
- Balichun Bedding
- Ornavo Home
- McLeland Design
- KOVA Interiors
Recent Developments
- In Apr 2022, Dorel Home, a division of Dorel Industries Inc., opened its retail location at the High Point Market on the 9th floor of the C&D Building to display both new goods and its expanding inventory of well-known licensed brands.
- In Feb 2022, the new 15,000 square foot showroom for Ashley Furniture HomeStore in Guadalajara, Jalisco, Mexico, opened its doors on Avenida Patria #120. The Ashley brand's growth in Mexico will be significantly aided by the Guadalajara location.
Folding Furniture Key Market Trends
- Rising Popularity of Space-Saving Solutions: The growing demand for space-saving furniture solutions is a significant trend in the folding furniture market. With increasing urbanization and limited living spaces, consumers are seeking furniture that can be easily folded and stored when not in use to maximize space utilization.
- Shifting Consumer Preferences towards Versatile Furniture: Consumers are increasingly favoring furniture that offers versatility and multifunctionality. Folding furniture fits this trend perfectly by providing the flexibility to adapt to different needs and spaces. Products such as folding tables that can serve as dining tables or workstations, or folding beds that can transform into sofas, are gaining popularity.
- Emphasis on Portability and Lightweight Design: Portability is a key consideration for many consumers, especially those who move frequently or have transient living situations. Folding furniture's lightweight design and easy foldability make it convenient to transport and set up in different locations, appealing to individuals who prioritize mobility.
- Growing Demand for Eco-Friendly and Sustainable Options: Sustainability is a significant trend in the furniture industry, and folding furniture aligns well with this trend. Consumers are increasingly seeking eco-friendly options made from sustainable materials and manufactured using environmentally conscious practices. Manufacturers are responding by offering folding furniture made from recycled materials or sustainably sourced wood.
- Innovative Designs and Aesthetics: The folding furniture market is experiencing a surge in innovative designs and aesthetics. Manufacturers are focusing on creating stylish and contemporary designs that cater to the evolving consumer preferences for modern and visually appealing furniture. Sleek lines, trendy colors, and innovative folding mechanisms are becoming prominent features.
Folding Furniture Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global folding furniture market analysis, the demand for space-saving and versatile furniture has increased as a result of the prevalence of small-space residences in many different countries. Compact and versatile furniture is also preferred by millennials who opt to rent their homes, which is expected to drive the global market. The folding furniture market is experiencing a surge in innovative designs and aesthetics. Manufacturers are focusing on creating stylish and contemporary designs that cater to the evolving consumer preferences for modern and visually appealing furniture. Sleek lines, trendy colors, and innovative folding mechanisms are becoming prominent features.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 8.60 billion |
| Market size value in 2030 | USD 16.90 billion |
| Growth Rate | 7.80% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Folding Furniture Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Folding Furniture Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Folding Furniture Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Folding Furniture Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Folding Furniture Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Folding Furniture Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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