The Folding Furniture Market was valued at US$ 3,070.80 million in 2019 and is projected to reach US$ 4,754.29 million by 2027; it is expected to grow at a CAGR of 5.7% from 2020 to 2027. The demand for folding furniture is rising with rapid urbanization coupled with significant growth in residential sector and rapid advancement related to folding furniture. Folding furniture such as chairs, tables, sofas, beds, table trays, and others are quite popular among both residential and commercial customers. Moreover, rising disposable income of consumers along with shift in consumer lifestyle has motivated the consumers to opt for folding furniture which could enhance aesthetic appeal as well as provide convenience and comfortability.

Ashley Furniture Industries, Dorel Industries Inc.., Inter IKEA Systems B.V., La-Z-Boy Inc., and Leggett & Platt, Inc. are amongst the major market players operating in the folding furniture market. These companies offer their products worldwide, which helps them in catering to a wider customer base. These major players in the market are highly focused on the development of high quality and innovative products to fulfill the customer’s requirements.

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Based on product type, the folding furniture market is segmented into table and chair, sofas, beds, table TV trays, and others. In 2019, the table and chair segment held the largest share of the market. A few common types of folding furniture tables are the dining table, coffee table, and others. There is a range of specialized types of tables, such as drafting tables, used for architectural drawings. A combination of a table comes with two benches, mostly picnic tables, as often seen at camping sites and other events. Solid glass tabletop on a patio is quite popular. Waterproof folding tables are usually made of materials such as mahogany, cast aluminum, teak, PE wicker, plastic, and PVC wicker. These materials are durable along with they can withstand the elements of wind, rain, and sun exposure. This table is used for both outdoors and indoors. Folding chairs vary in design and are primarily made of wood, metal, and synthetic materials. Folding chairs, rocking chairs, loungers, armchairs, and many others are quite popular among the customers. All these factors propel the growth of the folding furniture market globally.

Folding furniture is considered as a space saving and portable form of furniture ideal for people miniaturized home structures. Such form of furniture is known for multifunctional ability and possess the capability to be folded, compact in flat or a small size. Such piece of furniture can be easily transformed, collapsed, or folded creating better space portability. The demand for folding furniture is rising with rapid urbanization coupled with significant growth in residential sector and rapid advancement related to folding furniture. Folding furniture such as chairs, tables, sofas, beds, table trays, and others are quite popular among both the residential and commercial customers.

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