Dublin, Aug. 14, 2024 (GLOBE NEWSWIRE) -- The "Global Folding Furniture Market Report by Application Type Distribution Channel Material Countries and Company Analysis, 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The Global Folding Furniture Market is set to experience substantial growth over the next decade, forecasted to elevate from its current valuation of US$ 7.80 billion in 2023 to surpass US$ 16.33 billion by 2032. This market demonstrates an impressive Compound Annual Growth Rate (CAGR) of 8.55% from 2024 to 2032, reflecting an increasing demand for space-saving and multifunctional furniture solutions across the globe.
Main factors propelling this market forward include the acceleration of urbanization and the heightened necessity for flexible furnishing options. As living spaces shrink in urban centers, consumers are turning to folding furniture that delivers both functionality and style, without consuming unnecessary space.
The high cost of real estate further incentivizes consumers to optimize their living spaces, which significantly contributes to the rising demand for folding furniture. Complementing these trends, the move towards remote working arrangements has also stimulated the market, with a growing need for adaptable and portable furniture suitable for home office environments.
Asia Pacific Market: A Thriving Hub for Folding Furniture
The Asia Pacific region is witnessing a rapid expansion in the folding furniture market due to several contributing factors such as urbanization, increasing incomes, and a shift towards compact living solutions, particularly in countries like China, Japan, India, and South Korea. This regional market's growth is bolstered by enhancements in e-commerce and logistics, which improve market accessibility and offer valuable opportunities for both manufacturers and retailers.
Folding Furniture Company Analysis
The Global Folding Furniture Market comprises several key players who are consistently contributing to market growth through product innovation, strategic expansions, and partnerships. Various initiatives and developments by leading furniture companies are highlighted, showing active market engagement and anticipating consumers' evolving needs. This includes new showrooms, product displays, and the extension of product lines to cater to a diverse range of consumer preferences.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 230 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $7.8 Billion |
| Forecasted Market Value (USD) by 2032 | $16.33 Billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
Key Players Analysis: Overview, Recent Development & Strategies, Product Portfolio, Financial Insight
- Flexsteel Industries
- Dorel Industries
- Lifetime Brands
- Home Depot
- Bassett Furniture Industries
- La-Z-Boy
- Leggett & Platt
- Haverty Furniture
- Hooker Furnishings
- IKEA
Type - Market Breakup in 5 Viewpoints
- Tables
- Chairs
- Sofas
- Beds
- Others
Application - Market Breakup in 2 Viewpoints
- Residential
- Commercial
Distribution Channel - Market Breakup in 4 Viewpoints
- Supermarkets & Hypermarket
- Specialty Stores
- E-commerce
- Others
Material - Market Breakup in 5 Viewpoints
- Metal
- Wood
- Plastic
- Glass
- Others
Geography - Market Breakup of 25 countries
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
For more information about this report visit https://www.researchandmarkets.com/r/eh5dv5
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
