Global Folding Furniture Market is Expected to Thrive at a CAGR of 6.9% by 2023
Posted by aryan on March 6th, 2019
A recent report by KD market insights titled as "Folding Furniture Market - By Product (Table, Chair, Sofas, Bed, Others), By End User (Residential, Commercial), By Distribution Channel (Offline Stores, Online Stores) & Global Region - Market Size, Share, Trends and Forecast 2018-2023" provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2018-2023. The study also provides the Folding Furniture Market competitors share and region wise analysis around the globe.
Folding furniture is more of space saving furniture which serves multiple furniture needs. This furniture owing to their space-saving benefit sand multi-purpose usages considered as a better option for small spaces. The market for folding furniture is growing constantly over the years and was totaled at a value of USD XXX Million in 2018. The global folding furniture market is expected to thrive at a CAGR of 6.9% during the forecast period to reach a valuation of USD XXX Million by 2023.
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Growth Drivers & Restraints:
Folding furniture is gaining consumer’s attention across every region. The growing trends of compact homes are strongly backing the growth of global folding furniture market. Factors such as the rising number of nuclear families, migration of people in urban areas, and growing buyer base who want to invest in luxury & state-of-the-art amenities rather than extra unutilized space are the major driving factor of the global folding furniture market. The consumers are thinking more from a financial point of view, which in turn guide them to purchase compact homes. The folding furniture can complement compact space perfectly as they are compact in design and can be sued for multi purposes.
Strong population density in urban areas has created a huge demand for small and affordable apartments across cities. Further, rising demand for housing spaces due to rapid urbanization is expected to encourage the growth of folding furniture market in upcoming years. Due to economic fluctuations, builders are also struggling to sell expensive homes in a sluggish market. This issue is influencing home developers to opt for the concept of compact homes as housing units with smaller sizes are affordable and can be easily sold. This growing number of compact housing units is likely to foster the growth of the market in the future. Even in large spaces foldable furniture can offer benefits such as expanded living space and can also create interior design opportunity.
However, rising raw material cost and complexity issues with repairment of folding furniture are expected to restrain the growth of the market in near future.
The research offers a comprehensive analysis of folding furniture market with respect to following sub-markets:
By End User
By Distribution Channel
- Offline Stores
- Online Stores
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as:
- Resource Furniture
- Expand Furniture Inc.
- Inter IKEA Systems B.V.
- Knoll Inc.
- MarMell Furniture
- Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development and other market activities).
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Table of Contents@
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Folding Furniture Market
3. Global Folding Furniture Market Trends
4. Opportunities in Global Folding Furniture Market
5. Recent Industry Activities, 2017
6. orter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Products Average Price Analysis, By Country
9. Global Smart Folding Furniture Market Value (USD Million), 2017-2023
10. Global Smart Folding Furniture Market Segmentation Analysis, By Product
10.2. Market Attractiveness, By Product
10.3. BPS Analysis, By Product
10.4. Table Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5. Chair Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.6. Sofas Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.7. Bed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11. Global Smart Folding Furniture Market Segmentation Analysis, By End User
11.2. Market Attractiveness, By End User
11.3. BPS Analysis, By End User
11.4. Residential Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.5. Commercial Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
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