19 December 2018 – The Global Folding Furniture Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. Folding Furniture is a great choice for small spaces. It occupies less space when not used and operates as any other type of furniture. Folding furniture is an actual substitute to traditional furniture. The space saving and multi-functionality of this type of furniture also improves the decoration of accessible space. Rising demand for low maintenance and attractive interiors, building products, is also anticipated to nurture opportunities for the Folding Furniture industry. However, the changing prices of raw material may limit the growth of the market.
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Folding Furniture Market is categorized based on product type, applications, and geography. Folding Furniture Industry is categorized based on product types such as Chairs, Sofas, Beds, Tables, Others. Folding Furniture Industry is categorized based on application into Residential and Commercial. Folding Furniture Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).
Asia-Pacific has been at the forefront with regards to Folding Furniture Industry and will continue to rule the roost in the years to come. Some of the key players that fuel the growth of the Folding Furniture Market include La-Z-Boy, Lifetime Products, Dorel Industries, BBMG Tiantan Furniture, Hussey Seating, KI, Haworth, Ikea, Leggett & Platt, Quanyou, Meco Corporation, Maxchief Europe, RUKU Klappmbel, Flex steel Industries, Sauder Woodworking, Qumei. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Folding Furniture in these regions, from 2013 to 2025 (forecast), covering
- North America
- Europe
- China
- Japan
- Southeast Asia
- India
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Chairs
- Tables
- Other
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
- Residential
- Commercial
