Folding Furniture Market Size- By Type, By Distribution Channels, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Folding Furniture Market Introduction and Overview
According to SPER market research, Folding Furniture Market – By Type, By Distribution Channels, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Folding Furniture Market is predicted to reach USD 6.54 billion by 2033 with a CAGR of 4.68%.
A smart way to maximize space efficiency in homes and create an open, functional space is with folding furniture. This category contains a wide range of products, including desks, chairs, and beds, that are joined by joints or hinges to allow for easy storage and mobility. An increasing number of commercial settings, including hotels, offices, and even industrial sectors, are utilizing folding furniture.
Furthermore, this pandemic of COVID-19 has harmed the market for folding furniture. Lockdowns, travel bans, and other measures were put in place to stop the virus from spreading, which caused supply chains all over the world to break. The businesses of manufacturers and retailers suffered as a result of the delays in folding furniture delivery and production. Customers were reluctant to visit crowded areas during and after COVID, which led to an increase in online shopping.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Type, By Distribution Channels, By Application
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies CoveredBush Industries, Inc., Dorel Industries Inc., Expand Furniture, Haworth Inc., Inter Ikea Systems B.V., Lifetime Products Inc., Meco Corporation, Murphy Wall Beds Hardware Inc., Resource Furniture and Sauder Woodworking Company
Folding Furniture Market Segmentation:By Type:Based on the Type, Global Folding Furniture Market is segmented as; Beds, Chairs, Sofas, Tables and Other Furniture.
By Distribution Channel:Based on the Distribution Channel, Global Folding Furniture Market is segmented as; Offline and Online.
By Application:Based on the Application, Global Folding Furniture Market is segmented as; Commercial and Residential.
By Region:This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.