Folding Furniture Market?—?2014–2022?—?An Industry Deep-dive Analysis

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Updated on May 2, 2017

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Allied Market Research has recently published a report on the global folding furniture market, which in an in-depth study of the entire industry for the period 2014–2022. The report is a comprehensive examination of the market and explains the various segments of the market. It covers the different types of products and offline and online distribution channels through which folding furniture is marketed. It even covers the distribution of the furniture types according to the application, whether it is residential or commercial.

It scrutinizes the key driving factors, restraints, opportunities and challenges driving the market and its exponential growth. The study also profiles the key market players and takes a closer look at their businesses along with their product offerings. The data provided in the report is supported with the help of vital statistics, tables, charts, and figures.

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The global folding furniture market report highlights the immense growth potential of the industry in the given forecast period. According to the researchers behind the making of this report, the entire market is touted to reach a value of $13 billion by the year 2022. This would be feasible with a projected CAGR of 6.8% during the period 2014–2022. The report focusses on the various market segments and explains how the rapid pace of urbanization and the boom in real estate has triggered a growth of the folding furniture market. Moreover, the rising demand from millennials for affordable, multi-functional, and smaller furniture has given a boost to the market.

Key findings of the Global Folding Furniture Market Report:

· The offline sales channel segment alone accounted for nearly 78% of the overall market, in 2015. The offline sales channel segment is also touted to be a major revenue-generating distribution channel during the period 2016–2022.
· Based on the application type, the residential segment in folding furniture is expected to continue its lead position, in terms of revenue.
· In 2015, sofas witnessed the highest demand and this segment is estimated to continue to be a major revenue contributor to the overall market in the forecast period.
· A geographical analysis of the market reveals that the Asia-Pacific was the highest revenue-generating region in 2015.

The report enlists the profiles of the key industry players engaged in the global folding furniture market. The business performances, operating business segments, key strategic moves and developments, and the marketing strategies of each player have been scrutinized in the report. The main companies mentioned in the study include names, such as Meco Corporation, Dorel Industries Inc., Inter Ikea Systems B.V., Sauder Woodworking Company, Bush Industries, Inc., Haworth Inc., Lifetime Products Inc., Resource Furniture, Expand Furniture, and Murphy Wall Beds Hardware Inc. Other players mentioned in the report briefly are Ashley Furniture Industries, Flexsteel Industries, Inc., Home Depot, Inc., La-Z-Boy Inc., and Leggett & Platt Inc.

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The global folding furniture market report focuses on the essential factors driving the growth of the market. The detailed competitive analysis provided in the report enables stakeholders to assess the market landscape, along with a better understanding of the current and future trends. The significant investment pockets outlined in the report provide interested investors and business owners an in-depth insight into the market dynamics. New entrants wishing to venture into the market can get an accurate idea about the lucrativeness of each segment. The report offers more than just insights, with precise data and stats about probable income, production, and consumption values.

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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