According to the latest report by IMARC Group, titled “Folding Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the Folding Furniture Market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global folding furniture market reached a value of US$ 3.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.18 Billion by 2027 exhibiting a CAGR of 4.60% during 2022-2027.
Folding furniture is a type of furniture that can be folded into a shape that takes up relatively less space. It is manufactured using wood, steel, plastic, and aluminum and is widely installed in small buildings and rooms for sleeping, storage, and other purposes. It is highly durable, efficient, versatile, lightweight, ergonomic, convenient, convertible, affordable, and user-friendly. Some most commonly used folding furniture includes tables, kitchen interiors, furniture, beds, desks, cabinets, and chairs. Since it is portable, compact in size, and allows optimal space usage, folding furniture finds extensive applications across residential and commercial spaces, such as offices, hospitals, and hotels.
Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/folding-furniture-market/requestsample
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Folding Furniture Market Trends and Drivers:
The global folding furniture market is primarily driven by the emerging trend of compact and integrated modular homes due to the increasing number of nuclear families. In addition, there has been a significant increase in the demand for personalized workspace at home owing to the implementation of remote working models amid the recent coronavirus disease (COVID–19) outbreak.
Apart from this, with changing lifestyles and rapid urbanization, the escalating demand for lightweight, minimalist, and multifunctional furniture to enhance the aesthetic appeal of the living space has accelerated the product adoption rate. Furthermore, the leading manufacturers are offering customizable folding furniture made using sustainable resources, such as plywood.
Along with this, the launch of augmented reality (AR)-based apps that allow users to test furniture in real-time by displaying a virtual three-dimensional (3D) model of products within a space is positively influencing the market growth. Other factors, including the expanding real estate sector, ongoing infrastructural development, and easy product availability via online retail channels, are also anticipated to propel the market growth.
Folding Furniture Market Report Scope
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Test Type, Product, Application and End User
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Ashley Furniture Industries Inc., Dorel Industries Inc., Flexfurn limited, Haworth Inc. (Haworth International Ltd.), Hussey Seating Company, Inter IKEA Systems B.V. (Inter IKEA Holding B.V), Kestell Furniture LLC, La-Z-Boy Incorporated, Lifetime Products Inc., Meco Corporation, Murphy Wall Beds Hardware Inc, Nilkamal Furniture and Sauder Woodworking Company.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Global Folding Furniture Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Flexfurn limited, Haworth Inc. (Haworth International Ltd.)
Inter IKEA Systems B.V. (Inter IKEA Holding B.V)
Murphy Wall Beds Hardware Inc
The report has segmented the market on the basis of region, product type, distribution channel and application.
Ask Analyst for 10% free customized Report with TOC & List of Figure: https://www.imarcgroup.com/folding-furniture-market
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Browse More Industry Research Reports:
Bathroom Mirror Cabinets Market Report 2022-2027 : https://www.imarcgroup.com/bathroom-mirror-cabinets-market
Artificial Turf Market Report 2022-2027 : https://www.imarcgroup.com/artificial-turf-market
Cream Cleaners Market Report 2022-2027 : https://www.imarcgroup.com/cream-cleaners-market
India Household Cleaners Market Report 2022-2027 : https://www.imarcgroup.com/india-household-cleaners-market
Australia Facial Care Market Report 2022-2027 : https://www.imarcgroup.com/australia-facial-care-market
Lawn and Garden Consumables Market Report 2022-2027 : https://www.imarcgroup.com/lawn-garden-consumables-market
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC Services Private Limited. 30 N Gould St Ste R Sheridan, WY 82801 USA – Wyoming Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Media Contact Company Name: IMARC Group Contact Person: Elena Anderson Email: Send Email Phone: +1-631-791-1145 Address:30 N Gould St Ste R City: Sheridan State: WY Country: United States Website: https://www.imarcgroup.com
Press Release Distributed by ABNewswire.com To view the original version on ABNewswire visit: Folding Furniture Market Size Worth US$ 5.18 Billion by 2027, Globally, at 4.60% CAGR - IMARC Group
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.