Market Highlights
Rapid industrialization and urbanization in the emerging economies such as China, India, Indonesia, Thailand, Brazil, and Mexico, drive the growth of the market. Many people are shifting from rural to urban areas. Hence, the increasing population, and lack of housing structures, automatically increase the value of available limited space, where space saving furniture is the most suited option. Folding furniture is an effective alternative to traditional furniture. The multi-functionality and space saving of this type of furniture, also enhance the decor of available space. Growing demand for decorative interior and low maintenance building products, are also expected to generate growth opportunities for the market. However, the fluctuating prices of raw material, may restrict the growth of the market.
The Global Folding Furniture Market, expected to grow at a CAGR of 5.8% during the forecast period.
Key Players
- Resource Furniture (U.S.),
- Expand Furniture (Canada),
- Meco Corporation (U.S),
- Ashley Furniture Industries Inc. (U.S.),
- IKEA Systems B.V. (Sweden),
- Murphy Bed (U.S.),
- La-Z-Boy Incorporated (U.S.),
- Flexfurn Ltd (Belgium),
- Gopak Ltd (U.K.),
- Nilkamal Limited (India).,
- Leggett & Platt, Inc. (U.S.),
- Dorel Industries Inc. (Canada).
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Scope of the Report
This study provides an overview of the global folding furniture market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global folding furniture market by product, by application, and region.
By Product
- Chairs
- Tables
- Sofas
- Beds
- Other Furniture
Application
- Residential
- Non-residential
By Region
- North America
- Asia Pacific
- Europe
- Rest of the World
Asia Pacific region dominates the global folding furniture market
Geographically, the global folding furniture market has been divided into the four major regions of North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region has accounted for the largest market share, in 2016, followed by Europe and North America. It is expected to grow at the highest CAGR during the forecast period. China, Japan, India, and Singapore are the major markets in Asia Pacific region. Growing residential and non-residential construction activities in the region, are driving the growth of the market. Additionally increase in industrialization and urbanization, also have a positive influence on the growth of the market. For example, in Beijing, the average living area for per person is only 21 square meters. Therefore, foldable furniture is the best suitable option to solve the space problem. Europe is the second-largest market for folding furniture. Growing population and smaller living areas in region, are governing the growth of the market. Additionally, increasing repair and rehabilitation activities of existing infrastructure and interiors, hold huge potential for the market in coming years.
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Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Supliers
3.1.3 Bargaining Power Of Buyers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
Continue……
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