The market for Folding Furniture Market is expected to reach XX Bn in 2023.
Preferences of people to stay in small houses due to high maintenance costs and other related costs have inclined the demand for folding furniture all over the world as it can be tucked and folded when not in use. Besides being multifunctional, it can also enhance the décor of the home.
The global folding furniture market is growing at a fast pace and is anticipated to achieve significant growth over the next seven years until 2023. Rising growth in home furniture sales, along with increasing online purchases of folding furniture, is anticipated to bolster the growth of the folding furniture market over the forecast period.
At present, the Europe region captures the maximum share in revenue from the folding furniture market and is anticipated to dominate over the forecast period. The rising growth of real estate, along with a rising urban population, has intensified the growth of the region over the past few years. An increasing number of residential and commercial buildings, especially in developing regions, is anticipated to expand the growth of the Asia Pacific folding furniture market until 2023.
The global folding furniture market is mainly concentrated in Europe. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
By Type
By Usage
By Geography
Lifetime Products, Meco, IKEA, Murphy Bed Direct, Resource Furniture, Ashley Furniture, Haworth, Dorel Industries, and others
The market for Folding Furniture Market is expected to reach XX Bn in 2023.
The Folding Furniture Market is expected to see significant CAGR growth over the coming years,at XX%.
The report is forecasted from 2016-2023.
The base year of this report is 2015.