USD 8.56 billion
Folding Table Market Size, Share, Growth Analysis, By Distribution Channel(Online and Offline), By Application(Residential and Commercial), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25F2019 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
59
|Figures:
75
Folding Table Market Insights
Global Folding Table Market size was valued at USD 8.56 billion in 2022 and is poised to grow from USD 9.17 billion in 2023 to USD 15.87 billion by 2031, growing at a CAGR of 7.10% during the forecast period (2024-2031).
The concept of folding tables becoming more popular, because of the trend toward smaller apartments due to the increasing population. The demand for folding table is very high in the market as the living space in apartments is shrinking. Rapid urbanization and growth in the real estate market are key factors that impact the market. The number of youth who choose rental housing is on the rise. They are more concerned with affordable, multifunctional, and small furniture that fits into an urban lifestyle. These factors are driving the demand for folding tables and chairs in the market. The demand for compact furniture has been rising, so several companies are allowing the introduction of more products such as study tables, plastic folding tables, and round folding tables using plastic, wood, and metal which are expected for the growth of the market. Space-saving furniture is a great solution that solves a variety of issues and easily fits into a particular area. The folding table is becoming increasingly fashionable these days and is one of the most widely adopted pieces of furniture worldwide. Folding tables comes in a variety of price ranges and in various size and shapes.
US Folding Table Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Offline
Fastest Growth
Offline
Growth Rate
7.10% CAGR
Global folding table market, 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Folding Table Market Segmental Analysis
Folding Table Market is segmented on the basis of distribution channel, application and region. On the basis of distribution channel, global folding table market is segmented into, online and offline mode. On the basis of application, global folding table market is segmented into residential and commercial. On the basis of region, global folding table market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Folding Table Market Analysis by Distribution Channel
On the basis of distribution channel, global folding table market is segmented into online and offline mode. The offline segment dominated global market. Retail players dominate and have led to strong competition in the market with major manufacturers running around the world. These retail stores help customers to use folding tables to customize home furniture according to their needs and place.
The online segment is expected to grow at the fastest CAGR during the forecast period. The rise in online shopping due to increased awareness & smartphone users and the availability of a wide range of variety of products from international brands is expected to drive the demand for this segment. Availability of online delivery services from manufacturers to consumers with flexible payment options with home delivery are the factors expected to drive the market growth of the segment through the forecast period.
Folding Table Market Analysis by Application
On the basis of application, global folding table market is segmented into residential and commercial. Based on application, the residential segment dominated the global market in 2022. The folding tables are used in kitchens & dining rooms, living rooms, bedrooms, and outdoor areas, etc. The increasing residential construction activities across the world are a major key factor that drives global market growth of the segment.
The commercial segment is expected to grow at a significant CAGR during the forecast period. These folding tables are used in various places within the commercial construction sector, such as corporate offices, healthcare centres, educational institutions, and public places. They are also used in cafes and hotels.
Global folding table market by distribution chanel, 2022 (%)
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Folding Table Market Regional Insights
On the basis of region, global folding table market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Asia Pacific dominated global market in 2021. Consumers prefer folding table products as there is a growing tendency to reduce residential space in countries such as Japan, Tokyo, Shanghai, China, and India. Young people are moving to big cities to get better jobs, and this fact eventually reduces the average living space and increases the cost of housing. So, folding tables and chairs are the most suitable option to solve such problems.
North America is expected to grow at a significant CAGR during the forecast period. Consumers prefer folding tables and chairs. The advantages of folding tables, such as space reduction, flexibility, and ease of relocation, have increased the variety of foldable furniture products and are expected to boost market expansion in the region during the forecast period.
Global folding table market by geography, 2022-2030
- Largest
- Fastest
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Folding Table Market Dynamics
Folding Table Market Driver
- Rapid urbanization along with growth in residential sector
The real estate sector had high growth in recent times due to rapid urbanization, structural economic changes, and changes in consumer living patterns. The growing residential sector helps to drive the global folding table market. The price of residential properties has risen so consumers move towards a smaller size homes, and they are preferring furniture which is compact and efficient for small spaces. So the adoption of foldable furniture is a key trend in the market for the past few years. This factor drives the growth of global folding table market worldwide.
Folding Table Market Restraint
- Increase in raw material prices
Prices for raw materials have increased recently, which has affected furniture manufacturers. Also, the cost of coatings and finishing has risen. So the overall price of the product has risen. This factor hampers the growth of global folding table market.
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Folding Table Market Competitive Landscape
Key market players are focusing on growing their customer base in order to gain a competitive advantage. As a result, key players are adopting variety of strategic initiatives, such as mergers & acquisitions and partnerships. To increase penetration across profitable areas, major players in global market are maintaining successful relationships with various companies.
Folding Table Market Top Player's Company Profiles
- Lifetime Products, Inc.
- Cosco Home & Office Products
- Samsonite International S.A.
- National Public Seating Corporation
- Meco Corporation
- Gopak Ltd.
- KI Furniture
- Barricks Manufacturing Company
- Correll, Inc.
- HON Industries, Inc.
- Virco Mfg. Corporation
- Maywood Furniture Corp.
- Palmer Snyder Furniture
- Alpina Manufacturing LLC
- Egan Visual, Inc.
- The Mitchell Group
- Lafuma Mobilier SAS
- BT Office Furniture Group Ltd.
- SICO Incorporated
- Inter IKEA Holding B.V.
Folding Table Market Recent Developments
- On April 4, 2022, Dorel Home, a division of Dorel Industries Inc., reopened its 9th-floor C&D Building showroom at the high point market, to showcase both new products and its growing portfolio of high-profile licensed brands.
- On February 15, 2022, Ashley Furniture Homestore in Guadalajara, Mexico opened its new showroom in Guadalajara, Jalisco, Mexico. The Guadalajara store is an important location for the expansion of the Ashley brand in Mexico.
Folding Table Key Market Trends
- The changing working culture in the corporate sector and the adoption of the work-from-home model pushed the demand for furniture which increases the demand for folding tables and chairs for a comfortable working atmosphere while working at a remote location.
- With the increasing number of cafes in shortage of places is one of the key trends that increase the demand for folding tables, which drives the global folding table market worldwide.
Folding Table Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global folding table market analysis, rapid urbanization and growth in the real estate market are key factors that drives the market growth. By distribution channel offline segment dominated global market. Retail players dominate and have led to strong competition in the market with major manufacturers running around the world. With the increasing number of cafes in shortage of places is one of the key trends that increase the demand for folding tables, which drives the global market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.56 billion |
| Market size value in 2031 | USD 15.87 billion |
| Growth Rate | 7.10% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 Table 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 Table 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 Table 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 Table 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 Table Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Folding Table 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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