Folding Furniture Market Analysis, Size, Growth, Share &
Forecast to 2025 | Grand View Research Inc.
“Folding Furniture Market Size Worth $4.8 Billion By 2025 | CAGR: 6.5%”
The global folding furniture market size is anticipated to reach USD 4.8 billion by 2025, according to a new
report by Grand View Research, Inc., expanding at a CAGR of 6.5% over the forecast period. Increasing
demand for space saving and flexible furniture and growing inclination towards compact and multi-purpose
products by the millennials are some of the factors driving the demand for the global market.
Shifting trend towards shrinking apartment size as a result of increasing population and rapid urbanization has
resulted in significant acceptance of these furniture. Therefore, increasing preference for portable and folding
furniture has increased the demand for such products in the market. According to Tokyo Kantei, in 2017, the
average size of a new apartment in Tokyo was 680 sq.ft and a size of 647 sq. ft. for an existing apartment.
Whereas, the average size of new apartments in U.S. is 941 sq. ft., which has reduced by 5% in ten years.
Moreover, manufacturers put constant efforts in introducing new products incorporating advanced technology
with the help of mergers and acquisitions pertaining to folding furniture catering to the growing demand. For
instance, in February 2019, Inter IKEA Systems B.V. has launched space saving shelving units with foldable
table, which can be easily used as a desk as well as a dining table.
In terms of product, table and chair held a dominant market share in 2018. These products are largely made of plastic,
however consumers’ preference for wooden furniture to enhance the appearance has increased the production of
wooden folding chairs. For instance, Flash Furniture in USA sells folding chairs made of bamboo wood, which can be
used indoor as well as in outdoor environment.
For Detailed Report Description @ https://www.grandviewresearch.com/industry-analysis/folding-furniture-
market
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