Overview:
Preferences of people to stay in small houses due to high maintenance cost and other related costs has 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 home.
The global folding furniture market is growing at a fast pace and is anticipated to achieve significant growth over the next seven years till 2023. Rising growth in home furniture along with increasing purchase of folding furniture online is anticipated to bolster the growth of folding furniture market over the forecast period.
At present, Europe region captured the maximum share in revenue of folding furniture market and is anticipated to dominate over the forecast period. Rising growth of real estate along with rising urban population has intensified the growth of the region over the past few years. Increasing number of residential and commercial buildings especially in developing regions is anticipated to expand the growth of Asia Pacific folding furniture market till 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.
Global Folding Furniture Market is segmented on the following bases:
Key Players Identified Across the Value Chain in the Folding Furniture Market include but are not limited to:
Lifetime products, Meco, IKEA, Murphy Bed Direct, Resource Furniture, Ashley Furniture, Haworth, Dorel Industries and others.
This report offers:
