What is the global market size of the Folding Table Market?

Global Folding Table Market size was valued at USD 7.99 billion in 2021 and is poised to grow from USD 8.56 billion in 2022 to USD 14.81 billion by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).

What is the key driver of the Global Folding Table Market?

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 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 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.

Folding Table Market Report Snapshots

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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).

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 market are maintaining successful relationships with various companies. '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.'

Rapid urbanization along with growth in residential sector

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.

On the basis of region, folding table market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Asia Pacific dominated 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.

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Folding Table Market Size, Share, Growth Analysis, By Distribution Channel(Online and Offline), By Application(Residential and Commercial), By Region - Industry Forecast 2024-2031

Folding Table Market Regional Insights

Folding Table Market Report Snapshots

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