Folding Furniture Market - Global Size, Share and Trends Growth, Opportunities and Forecast to 2028

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Folding Furniture Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product Type (Table and Chair, Sofas, Beds, Table TV Trays, and Others), Application (Residential and Commercial), Material (Wood, Metal, Plastic, and Others), and Distribution Channel (Store-Based and Non Store-Based)

Publication Month: Feb 2021 | Report Code: TIPRE00007010 | No. of Pages: 184 | Category: Consumer Goods | Status: Published

The folding furniture market was valued at US$ 3,070.80 million in 2019 and is projected to reach US$ 4,754.29 Million by 2027; it is expected to grow at a CAGR of 5.7% from 2020 to 2027.

The demand for folding furniture is rising with rapid urbanization coupled with significant growth in residential sector and rapid advancement related to folding furniture. Folding furniture such as chairs, tables, sofas, beds, table trays, and others are quite popular among both residential and commercial customers. In 2019, Asia Pacific contributed to the largest share in the global folding furniture market. Attributed to the APAC region's flourishing economic conditions, there has been a spur in the region's industrial activities. The exponential growth in the residential and commercial sector drives the demand for folding furniture market. The region encompasses an ample amount of opportunities for the growth of the market attributable to the rise in foreign direct investments along with rise in manufacturing spending toward better product offerings. The upsurge in the middle-class population along with growth in urbanization offer lucrative opportunities for the key market players operating in the folding furniture market in APAC

The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of February 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are disrupting the business collaborations and partnerships opportunities. All these factors are anticipated to hinder the consumer goods industry and thus act as restraining factor for the growth of folding furniture market.

Geographical Overview of Folding Furniture Market

Geographical Overview of Folding Furniture Market

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Market Insights

Rapid Urbanization Along with Growth of Residential Sector

The real estate sector has witnessed high growth in the recent times with the rapid urbanization, structural economic changes, and shift in consumer living patterns. For instance, as per IBEF, almost US$ 6.26 billion were invested in the real estate sector in India and it is expected to grow by US$ 9.30 billion in 2040. Growing residential sector with the support of positive government measures drives the demand for folding furniture in global market scenario. With the surge in population along with rise in demand for better living spaces, a significant growth in real estate and residential sector have been witnessed. The prices of residential properties have risen considerably leading to reduction in sizes of home. As available space is smaller, consumers are preferring furniture which is compact and can be efficiently suit the available space and requirements. Hence, the adoption of multi-functional folding furniture has gained traction in the recent past. The preference toward economical, portable, and appealing furnishing coupled with a willingness to spend on aesthetic properties of furniture, are strongly supporting the growth of the folding furniture market through the residential segment. Hence, it has ultimately pushed the investment in better and advanced form of folding furniture across the globe. In addition, the shift in consumer spending toward better living backed by rise in per capita and disposable income and growing trend towards traveling bolster the growth of folding furniture market.

Product Type Insights

Based on product type, the global folding furniture market is segmented into table and chair, sofas, beds, table TV trays, and others. The table and chair segment led the market with the highest share in 2019. A few common types of folding furniture tables are the dining table, coffee table, and others. There is a range of specialized types of tables, such as drafting tables, used for doing architectural drawings. Folding chairs vary in design and are primarily made of wood, metal, and synthetic materials. Folding chairs, rocking chairs, loungers, armchairs, and many others are quite popular among the customers. Therefore, manufacturers are offering different types of folding tables and chairs in the national and international market to meet the needs of the customer. This, in turn, is influencing the growth of the folding furniture market for the table and chair segment.


Application Insights

Based on application, the global folding furniture market is bifurcated into residential and commercial. The residential segment led the market in 2019. Developed economies in Europe and North America hold significant potential in the residential sector. Factors such as the trend of family gatherings along with dinners in residential gardens, aging population, high disposable incomes, and willingness to spend on luxury furniture are driving the growth of the folding furniture market for the residential segment.

Material Insights

Based on material, the global folding furniture market is segmented into wood, metal, plastic, and others. The metal segment led the market in 2019. Nowadays, the most common metals used for modern folding patio furniture are aluminum and steel. Metal patio dining chairs, metal folding sofas, chairs & sectionals, metal folding coffee & side tables, metal folding bistro sets, metal folding dining tables, metal folding benches, metal folding dining sets, metal hammocks & swings, and others are made up of mostly steel and aluminum.

Distribution Channel Insights

Based on distribution channel, the global folding furniture market is bifurcated into store-based and non-store-based. The store-based segment led the market in 2019. The store-based distribution channel includes the sales of the folding furniture through supermarkets and hypermarkets, independent retailers, convenience stores, and others. High footfall in hypermarkets and supermarkets makes it easier for manufacturers to target their customer base. The wide availability of folding furniture from various brands at a lower price has encouraged customers to buy folding furniture from hypermarkets and supermarkets. Consumers prefer purchasing folding furniture from independent retailers as they are local and can be used as the main outlet. On the other side, some people purchase folding furniture from convenience stores as they can get it at any time of the day and are placed in locations that are convenient for local customers.

Global Folding Furniture Market, by Application– 2019 and 2027

Global Folding Furniture Market, by Application– 2019 and 2027

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Strategic Insights

Report Coverage - Folding Furniture Market
Report CoverageDetails
Market Size Value inUS$ 3,070.80 Million in 2019
Market Size Value byUS$ 4,754.29 Million by 2027
Growth rateCAGR of 5.7% from 2020-2027
Forecast Period2020-2027
Base Year2020
No. of Pages184
No. of Tables110
No. of Charts & Figures71
Historical data availableYes
Segments coveredProduct Type , Application , Material , and Distribution Channel
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Ashley Furniture Industries; Dorel Industries Inc.; Inter IKEA Systems B.V.; La-Z-Boy Inc.; and Leggett & Platt, Inc. are among the major market players operating in the folding furniture market. These companies offer their products worldwide, which helps them in catering to a wider customer base. They are highly focused on the development of high quality and innovative products to fulfill the customer’s requirements. Over the past few years, the companies operating in the market have realized the immense potential pertaining to the folding furniture market and were highly involved in strategies such as mergers & acquisitions, and product launches. For instance, in 2017, La-Z-Boy opened its 350th retail location in Rockford, Illinois. The store occupies over 13,000 square feet, and offers a great selection of excellent looking furniture for entire home.

Report Spotlights

  • Progressive industry trends in the global folding furniture market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the global folding furniture market from 2017 to 2027
  • Estimation of the demand for folding furniture across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and the demand for folding furniture
  • Market trends and outlook coupled with factors driving and restraining the growth of the folding furniture market
  • Decision-making process by understanding strategies that underpin commercial interest with regard to global folding furniture market growth
  • Folding furniture market size at various nodes of market
  • Detailed overview and segmentation of the global folding furniture market as well as its dynamics in the industry
  • Folding furniture market size in various regions with promising growth opportunities

Folding Furniture Market, by Product Typ

  • Table and Chair
  • Sofas
  • Beds
  • Table TV Trays
  • Others

Folding Furniture Market, by Application


  • Residential
  • Commercial

Folding Furniture Market, by Material


  • Wood
  • Metal
  • Plastic
  • Others

Folding Furniture Market, by Distribution Channel


  • Store-Based
  • Non Store-Based

Company Profiles

  • Ashley Furniture Industries
  • Bush Industries, Inc.
  • Haworth, Inc.
  • DOREL INDUSTRIES INC.
  • Inter IKEA Holding B.V.
  • La-Z-Boy, Inc.
  • Meco Corporation
  • Sauder Woodworking Company
  • Atlas Industries
  • Table-Mate USA, LLC
  • Plastic Development Group
  • Leggett & Platt, Inc.
  • Murphy Wall-Beds Hardware Inc.

Frequently Asked Questions

The major players operating in the global folding furniture market are Ashley Furniture Industries, Bush Industries, Inc., Kestell Furniture LLC, Haworth, Inc., Inter IKEA Holding B.V., La-Z-Boy, Inc., Meco Corporation, Sauder Woodworking Company, Atlas Industries, Table-Mate USA, LLC, Plastic Development Group, Leggett & Platt, Inc., and Murphy Wall-Beds Hardware Inc., among others.
In 2019, the folding furniture market was dominated by Asia- Pacific region at the global level. The largest market share of the Asia- Pacific region is primarily attributed to the region's flourishing economic conditions, there has been a spur in the region's industrial activities. The exponential growth in the residential and commercial sector, has influenced folding furniture market demand. The region encompasses an ample amount of opportunities for the growth of the market attributable to the rise in foreign direct investments along with rise in manufacturing spending towards better product offerings. The upsurge in the middle-class population along with growth in urbanization provides ample opportunities for the key market players in the folding furniture market.
The growth of the residential segment is primarily attributed to developed economies in Europe and North America hold significant potential in the residential sector. The trend of family gatherings, along with dinners in residential gardens, is anticipated to stimulate the folding furniture market growth. The aging population, high disposable incomes, coupled with a willingness to spend on luxury furniture, are strongly supporting the folding furniture market growth through the residential segment. European countries such as Germany, the UK, France, Italy, Russia, and Spain are primarily contributing to the industry growth through the residential segment due to consistent demand for patio furniture. This further propels the growth of the nickel segment in the global folding furniture market.

The List of Companies - Global Folding Furniture Market

  1. Ashley Furniture Industries
  2. Bush Industries, Inc.
  3. Kestell Furniture LLC
  4. Haworth, Inc.
  5. Inter IKEA Holding B.V.
  6. La-Z-Boy, Inc.
  7. Meco Corporation
  8. Sauder Woodworking Company
  9. Atlas Industries
  10. Table-Mate USA, LLC
  11. Plastic Development Group
  12. Leggett & Platt, Inc.
  13. Murphy Wall-Beds Hardware Inc
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Folding Furniture Market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the Global Folding Furniture Market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth Global market trends and outlook coupled with the factors driving the folding furinture, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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