Folding Furniture Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The folding furniture market share is expected to increase by USD 4.44 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.58%.

This folding furniture market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers folding furniture market segmentation by distribution channel (offline and online) and geography (APAC, North America, Europe, South America, and MEA). The folding furniture market report also offers information on several market vendors, including Ashley Furniture Industries Inc., Expand Furniture Inc, Flexfurn NV, Inter IKEA Holding BV, LaZBoy Inc., Lifetime Products Inc., Meco Corp., Murphy Wall Beds Hardware Inc., Resource Furniture LLC, and Walmart Inc. among others.

What will the Folding Furniture Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Folding Furniture Market Size for the Forecast Period and Other Important Statistics

Folding Furniture Market: Key Drivers and Challenges

The increased demand for space-saving furniture is notably driving the folding furniture market growth, although factors such as stringent regulations associated with manufacturing may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the folding furniture industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Folding Furniture Market Driver

The increasing demand for space-saving furniture is one of the primary factors driving the folding furniture market growth. The shrinking apartments size in urban and metropolitan cities, especially tier 1 and tier 2 cities has resulted in high demand for multi-purpose or space-saving furniture. Furniture such as wall-mounted beds and chairs, sofas that can convert to beds, and other folding furniture are multi-functional, compact, and easy to fit. They are, therefore, gaining popularity among end-users because of these characteristics. Significant changes in lifestyle have also increased the demand for small space studio apartments in developed economies such as the US and the UK. This is boosting the adoption of folding furniture, hence, several furniture companies are offering folding furniture for apartments and studio apartments to cater to this demand. These factors are expected to drive the folding furniture market growth during the forecast period.

Key Folding Furniture Market Challenge

One of the major factors that are expected to restrict the growth of the market is the various stringent regulations associated with manufacturing furniture and foldable furniture. Various stringent regulations associated with manufacturing, design, and various other environmental issues have forced manufacturers to manufacture folding furniture in cumbersome environments as they must adhere to various environmental regulations. Violations of these environmental regulations can cause large fines for manufacturers. Also, these regulations vary between countries. Although these varying regulations are advantageous to regional and local vendors, they are a significant threat to international vendors as they must change their production process according to regional regulations. 

This folding furniture market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Folding Furniture Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Ashley Furniture Industries Inc.
• Expand Furniture Inc
• Flexfurn NV
• Inter IKEA Holding BV
• LaZBoy Inc.
• Lifetime Products Inc.
• Meco Corp.
• Murphy Wall Beds Hardware Inc.
• Resource Furniture LLC
• Walmart Inc.

This statistical study of the folding furniture market encompasses successful business strategies deployed by the key vendors. The folding furniture market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The folding furniture market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Folding Furniture Market?