Global Folding Furniture Market Report by Type (Tables, Chairs, Sofas, Beds, Others) Application (Residential, Commercial) Distribution Channel (Supermarkets & Hypermarket, Specialty Stores, E-commerce, Others) Material (Metal, Wood, Plastic, Glass, Others) Countries and Company Analysis, 2024-2032

Urbanization and Compact Residences:

Living spaces have been greatly impacted by the increasing urbanization, as more people are choosing to live in small-space apartments and condos. Furniture that optimizes space efficiency without sacrificing comfort or usefulness is in high demand as a result of this trend. Because it is simple to fold and store goods when not in use, folding furniture has become a useful solution for optimizing space consumption. In response to this trend, producers are creating cutting-edge folding furniture that combines style and practicality in a seamless manner, meeting the needs of city inhabitants looking for adaptable and space-saving solutions and propelling the market's expansion.     

Increasing Adoption of Outdoor Activities:

The need for easily transportable and practical furniture solutions that improve outdoor experiences has been fueled by the increasing popularity of outdoor activities. Folding chairs, tables, and loungers are among the most popular pieces of furniture for outdoor enthusiasts looking for ease and comfort when they camp, have a picnic, or attend outdoor events. People can enjoy outdoor activities in comfort thanks to these pieces that are lightweight and portable. The market is growing as a result of the development of sturdy, weather-resistant folding furniture that satisfies the demands of outdoor lovers looking for high-quality, efficient outdoor furniture. 

North America Folding Furniture Market

The US, Canada, and Mexico make up the three subsegments of the North American folding furniture market. Companies that sell consumer items in the area are always improving their entire company procedures to better serve the growing needs of their clientele. Numerous foreign and domestic businesses are well-established in the area. Ashley Furniture Industries, Bush Industries, Inc., Kestell Furniture LLC, and other major participants in the folding furniture industry are a few of those that operate in North America.

The expanding tendency of creating garden areas in offices, the increasing emphasis on the development of recreational facilities, and the widespread habit of hosting family get-togethers and dinners at homes have all contributed to the high demand for foldable chairs in North American countries. Urbanization, changing lifestyles, and rising disposable income all contribute to the growth of the folding furniture market. The market is also helped by a significant emphasis on real estate and construction assets.

One of the main drivers of North America's economy as a whole is the building sector. Because of the strong economies of nations like the US and Canada as well as increased federal and state funding for institutional frameworks and public works projects, it is growing quickly. Additionally driving the folding furniture industry in North America are urbanization and rapid expansion.

The US construction sector is estimated by the Associated General Contractors of America (AGC) to produce structures valued at US$ 1.4 trillion yearly. The North American folding furniture market is therefore driven by the region's constantly expanding business sector and thriving construction activities as a result of population growth.

Global Folding Furniture Company Analysis:

Some leading Folding Furniture companies are Flexsteel Industries, Dorel Industries, Lifetime Brands, Home Depot, Bassett Furniture Industries, La-Z-Boy, Leggett & Platt, Haverty Furniture, Hooker Furnishings, IKEA

Global Folding Furniture Company News:

April 2022: Reopening its 9th-floor C&D Building showroom at the High Point Market, Dorel Home, a division of Dorel Industries Inc., will display new items in addition to its expanding collection of well-known licensed brands.

 February 2022: The new 15,000 square foot store of Ashley Furniture HomeStore in Guadalajara, Jalisco, Mexico, is situated on Avenida Patria #120. The Ashley brand's growth in Mexico is greatly aided by the Guadalajara location.

Key Questions Answered in This Report:

Question:    How big is the Folding Furniture market?

Answer:     The global Folding Furniture market size was estimated to reach USD 16.33 billion in 2032 while it was estimated to reach US$ 7.80 billion by 2023.

Question:    What is the Folding Furniture market growth rate?

Answer:     The global Folding Furniture market is expected to grow at a compound annual growth rate of 8.56% from 2024 to 2032.

Question:    Who are the key players in Folding Furniture market?

Answer:     Some key players operating in the Folding Furniture market includes Flexsteel Industries, Dorel Industries, Lifetime Brands, Home Depot, Bassett Furniture Industries, La-Z-Boy, etc.

Question:    What are the factors driving the Folding Furniture market?

Answer:     Key factors that are driving the Folding Furniture includes Urbanization and Compact Residences, Increasing Adoption of Outdoor Activities, etc.

Question:    Which Region held the largest market share in the Folding Furniture market?

Answer:     “North America” had the largest share in the Folding Furniture Market.

Type – Market Breakup in 5 Viewpoints:

1. Tables
2. Chairs
3. Sofas
4. Beds
5. Others

Application – Market Breakup in 2 Viewpoints:

1. Residential
2. Commercial

Distribution Channel – Market Breakup in 4 Viewpoints:

1. Supermarkets & Hypermarket
2. Specialty Stores
3. E-commerce
4. Others

Material – Market Breakup in 5 Viewpoints:

1. Metal
2. Wood
3. Plastic
4. Glass
5. Others

Geography – Market Breakup of 25 countries:

North America

1. United States
2. Canada

Europe

1. France
2. Germany
3. Italy
4. Spain
5. United Kingdom
6. Belgium
7. Netherlands
8. Turkey

Asia Pacific

1. China
2. Japan
3. India
4. Australia
5. South Korea
6. Thailand
7. Malaysia
8. Indonesia
9. New Zealand

Latin America

1. Brazil
2. Mexico
3. Argentina

Middle East & Africa

1. South Africa
2. Saudi Arabia
3. United Arab Emirates

Company Insights:

• Overview
• Recent Development
• Product Portfolio
• Financial Insight

Key Players Analysis:

1. Flexsteel Industries
2. Dorel Industries
3. Lifetime Brands
4. Home Depot
5. Bassett Furniture Industries
6. La-Z-Boy
7. Leggett & Platt
8. Haverty Furniture
9. Hooker Furnishings
10. IKEA

Report Details: