The Folding Furniture Market is Predict to reach $5.8 Billion by 2030, at a CAGR of 6.2%

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Folding Furniture Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Folding Furniture Market size is expected to reach $5.8 billion by 2030, rising at a market growth of 6.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 18,276.5 thousand units, experiencing a growth of 6.2% (2019-2022).

The Table & Chair segment is leading the Global Folding Furniture Market by Product in 2022 thereby, achieving a market value of $2.8 Billion by 2030. Folding tables and chairs come in various shapes and sizes, allowing users to configure them to meet specific needs. Whether it's a small family dinner, a business meeting, or a social event, these pieces of furniture can adapt to different settings and group sizes. Folding tables and chairs are conceived to be lightweight and portable. This makes them easy to transport, whether for outdoor events, picnics, or simply rearranging furniture within a room. The portability aspect is especially beneficial for individuals who frequently move or businesses requiring flexible seating arrangements.

The Online segment is experiencing a CAGR of 8% during (2023 - 2030). The growth of the online sector has been driven by the increase in smartphone usage and, in turn, heightened consumer awareness regarding online purchasing. Furthermore, it is anticipated that the convenience of accessing a diverse range of products manufactured by global labels will further enhance the appeal of this distribution channel. In addition, the provision of online delivery services by manufacturers to consumers and the availability of flexible payment methods and doorstep delivery is anticipated to propel the online purchasing market for folding furniture products. For example, prominent e-commerce platforms for furniture, including URBAN LADDER, Durian Private Ltd., Expand Furniture Inc., and Amazon.com, offer consumers a wide range of folding furniture options, accompanied by comprehensive post-purchase support.

Full Report: https://www.kbvresearch.com/folding-furniture-market/

The Asia Pacific region dominated the Global Folding Furniture Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.3 Billion by 2030, growing at a CAGR of 6.6 % during the forecast period. The Europe region is experiencing a CAGR of 6% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 5.5% during (2023 - 2030).

List of Key Companies Profiled

Sauder woodworking Co.
Ashley Furniture Industries, LLC
Haworth, Inc.
Inter Ikea Systems B.V. (Inter Ikea Holding B.V)
Lifetime Products
Meco Corporation (Unaka Corporation)
Expand Furniture Inc
Murphy Wall Beds Hardware Inc.
Dorel Industries Inc.
Resource Furniture

Folding Furniture Market Report Segmentation

By Product (Volume, Thousand Units, USD Billion, 2019-2030)

Table & Chair
Sofa
Bed
Others

By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)

Offline
Online

By Geography (Volume, Thousand Units, USD Billion, 2019-2030)

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA