Global Folding Residential Furniture Market, By Product Type (Chairs, Tables, Beds, Others), Distribution Channel (Online, Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2027
Folding residential furniture market will register its growth at a significant rate of 7.10% for the forecast period of 2020 to 2027. Folding residential furniture market report analyses the growth, which is currently being growing due to the increasing development in home furniture along with growing online purchase.
The rapidly increasing demand for space saving furniture is one of the primary factors driving the folding residential furniture market growth rate. As the folding furniture’s acts as a substitute to other traditional furniture and takes very little space when not used and also it becomes as efficient and great as any other type of furniture thus make it as a best suited options for the consumers thereby fueling the growth of the folding residential furniture market in the forecast period of 2020 to 2027.
Also the market is largely driven by the growing demand for compact furniture, shifting inclination towards multifunctional and compact furniture, rising disposable income of the people, advancement of innovative products such as bookshelves and wall bed which change into beds, coffee tables that change into dining tables and rising demand for low maintenance interior products. With an arrangement of portable, a lightweight and simply storable quality of the product it has created high demand amongst inhabitants and plays an important role for small spaces or even studio apartments. For residential complexes, scarce space or requiring space for multitude of different uses, folding furniture offer a much needed solution, which in turn is boosting the growth of the target market. In addition, the changing trend towards small sized apartments along with growing repair and rehabilitation activities will further bring various opportunities that will lead to the growth of the folding residential furniture market in the above mentioned forecast period.
However the high cost of raw materials will obstruct the growth of the folding residential furniture market in the above mentioned forecast period.
This folding residential furniture market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on folding residential furniture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Folding Residential Furniture Market Scope and Market Size
Folding residential furniture market is segmented on the basis of product type and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the folding residential furniture market is segmented into chairs, tables, beds and others. Others have further been segmented into sofa and ladder.
- Based on distribution channel, the folding residential furniture market is segmented into online and offline. Online segment is expected to expand over the forecast period of 2020 to 2027 owing to the surge in online shopping as a result of growing awareness as well as rising smart phone users have fueled the growth of the segment.
Global Folding Residential Furniture Market Country Level Analysis
Folding residential furniture market is analyzed and market size, volume information is provided by country product type and distribution channel as referenced above.
The countries covered in the folding residential furniture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the folding residential furniture market due to the increasing growth of real estate sector, growing urban population along with strong presence of emerging countries with the smallest living space apartments in the region. North America is expected to expand at a significant growth rate over the forecast period of 2020 to 2027 because of the growing preference towards one person or two person households in developing countries such as Canada, U.S. and Mexico has forced consumers to spend in such products due to less usage as well as smaller living space.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Folding Residential Furniture Market Share Analysis
Folding residential furniture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to folding residential furniture market.
The major players covered in the folding residential furniture market report are Expand Furniture Inc, Flexsteel Industries, Inc., Lifetime Products, Meco Corporation, Haworth Inc., Ashley Home Stores Ltd., IKEA Systems B.V., Murphy Wall Beds Hardware Inc., The Bedder Way Co., La-Z-Boy Incorporated, Bush Industries, Inc., Mogo Direct, Leggett & Platt Inc., Flexsteel Industries, Inc., Resource Furniture, Sauder Woodworking Co., Flexfurn Ltd, Gopak Ltd., Nilkamal, Twin Cities Closet Company, and Dorel Industries Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.