What Has Been the Progress and Growth of the Folding Furniture Market in Recent Years?
The folding furniture market has seen considerable growth due to a variety of factors.
• The folding furniture market has seen substantial growth recently. It will grow from $10.53 billion in 2024 to $11.27 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.0%.
This growth is driven by smaller living spaces, the rise in single-person households, growing environmental awareness, increased demand for affordable furniture, and the rise of e-commerce and online shopping.
What Is The Expected Growth In The Folding Furniture Market Size Evolve over the Forecast Period?
The folding furniture market is expected to maintain its strong growth trajectory in upcoming years.
• The folding furniture market is projected to grow strongly, reaching $14.59 billion by 2029 at a CAGR of 6.7%.
Factors driving this growth include the rise of smart homes, growing demand for home offices, expanding residential and non-residential construction, increasing urbanization, and rising disposable income. Key trends include advancements in material technology, a shift toward eco-friendly materials, the demand for portable and lightweight furniture, innovations in folding mechanisms, and the integration of smart technologies.
What Main Forces Are Fueling Expansion In The Folding Furniture Market?
The folding furniture market is expected to grow due to an increasing focus on space optimization and home renovation. Folding furniture is often used in home renovation projects to maximize space and improve functionality. The Joint Center for Housing Studies of Harvard University reported a rise in U.S. home improvement spending, projected to reach $485 billion by 2024. This emphasis on home renovation and space optimization is driving the folding furniture market.
What Are The Primary Segments In The Global Folding Furniture Market?
The folding furniture market covered in this report is segmented –
1) By Product Type: Chairs, Tables, Sofas, Beds, Other Product Types
2) By Material: Wood, Metal, Plastic
3) By Distribution Channel: Offline, Online
4) By Application: Residential, Commercial
Subsegments
1) By Chairs: Folding Dining Chairs, Folding Lounge Chairs, Folding Rocking Chairs, Folding Camping Chairs, Folding Director Chairs
2) By Tables: Folding Dining Tables, Folding Coffee Tables, Folding Work Tables, Folding Picnic Tables, Folding Side Tables
3) By Sofas: Folding Sleeper Sofas, Folding Futons, Folding Sectional Sofas
4) By Beds: Folding Beds (Murphy Beds), Folding Air Beds, Folding Trundle Beds
5) By Other Product Types: Folding Storage Units, Folding Desks, Folding Room Dividers, Folding Mattresses, Folding Shelving Units
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What Trends Are Reshaping The Future Of The Folding Furniture Market?
Companies in the folding furniture market are creating advanced designs, such as smart foldable racing sim cockpit chairs, to deliver a compact and immersive racing experience. In September 2023, Logitech G and Playseat unveiled the Playseat Challenge X, a foldable racing chair with ergonomic features, designed for easy storage and comfort during long gaming sessions.
Who Are the Key Players In The Folding Furniture Market?
Major companies operating in the folding furniture market are:
• Samsonite Corporation
• Herman Miller Inc.
• Raymour & Flanigan
• Haworth Inc.
• Dorel Industries
• Lifetime Products Inc.
• Hooker Furnishings Corporation
• Sauder Woodworking Co.
• Hussey Seating Company
• Urban Ladder
• National Public Seating
• Resource Furniture
• MECO Corp.
• Eurosteel Office Furniture
• Murphy Wall Beds Hardware Inc.
• Gopak
• CoscoProducts.com
• Expand Furniture
• Flexfurn
• Nilkamal Furniture
• Spec Seats
What Is The Most Dominant Region In The Folding Furniture Market?
Asia-Pacific was the largest region in the folding furniture market in 2023. The regions covered in the folding furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
