Folding Furniture Market Study with Competitive Landscape, Market Insights, and Growth Prospects to 2027
Stratview Research delivers key insights on the global Folding Furniture Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Folding Furniture Market:
• Resource Furniture (The U.S.),
• Expand Furniture (Canada),
• Inter IKEA Systems B.V. (Netherlands),
• MECO CORPORATION (The U.S.),
• La-Z-Boy Inc. (The U.S.),
• Murphy Wall Beds Hardware Inc. (The U.S.),
• Nilkamal Limited (India),
• Flexfurn Ltd (UK),
• Dorel Industries Inc. (Canada),
• Leggett & Platt (The U.S.), and
• ASHLEY FURNITURE INDUSTRIES INC. (The U.S.)
Growth drivers and Market Value:
This report, from Stratview Research Folding Furniture Market value and growth drivers over the trend period of 2022-27. According to the report -
The Global Folding Furniture Market is estimated to grow from USD 3.2 billion in 2021 to USD 4.4 billion by 2026 at a healthy CAGR of 5.5% during the forecast period.
Segment Analysis:
Based on by End Use Type:
• Residential segment accounted for the largest share in 2021 and is projected to grow at a significant CAGR during the review period.
• Increasing residential construction across geographies is driving the segment growth.
• Increasing usage of folding furniture such as chairs and sofa at commercial spaces such as offices, educational institutes, and healthcare facilities is likely propelling the market growth.
Based on Regional:
• The market growth in Asia-Pacific region is primarily driven by high product demand in countries such as India, Japan, and Hong Kong.
• Increasing preference for one or two person household in the US is likely to drive market growth in North America region.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Folding Furniture Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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