- The rising urbanization has significantly impacted living spaces, with more people residing in apartments and condos characterized by limited square footage. This shift has created a demand for furniture that maximizes space efficiency without compromising on functionality and comfort
- Folding furniture has become a practical solution, allowing items to be easily folded and stored when not in use, effectively maximizing space usage. Manufacturers are responding to this trend by designing innovative folding furniture that seamlessly blends style with functionality, catering to the needs of urban dwellers seeking versatile and space-saving solutions, driving the market growth
- Asia Pacific dominated the folding furniture market with the largest revenue share of 42.6% in 2024, driven by the rising demand for space-saving, multifunctional furniture, rapid urbanization, and increasing disposable incomes across emerging economies such as China, India, and Southeast Asian countries
- North America folding furniture market is poised to grow at the fastest CAGR of 19.4% from 2025 to 2032, driven by an increasing preference for flexible, portable furniture solutions that cater to modern living and remote work environments
- The Chairs segment dominated the folding furniture market with the largest revenue share of 41.5% in 2024, driven by the widespread use of folding chairs in residential, commercial, and event-based applications
