Folding Furniture Market Size, Share & Trends Analysis Report By Product (Table & Chair, Sofa, Bed), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2019 - 2025

Published: Aug, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

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.

Offline retail stores held the largest share of more than 75.0% in 2018. Dominance of retail stores has created intense competition in the market with major producers such as Inter IKEA Systems B.V., Raymour & Flanigan, and Ashley Home Stores, Ltd. across the globe. These stores help consumers to avail the features of customization for home furniture as per the demands of consumer. Space availability of different houses is also acting as a key factor driving the segment.

Asia Pacific dominated the folding furniture market with a share of about 40.0% in 2018. This region comprises countries with the smallest living space apartments, which ideally drives the market for foldable furniture in the region. For instance, in 2-17, Hong Kong had the smallest flat size across the globe with an average living space of 470 sq. ft. and China constituted an average living space of 646 sq. ft. Therefore, increasing demand for space saving furniture in the region acts as a key factor driving the market in Asia Pacific.

Further key findings from the report suggest:

• By product, table and chair is expected to reach USD 2.5 billion by 2025. Folding sofa was valued at USD 788.2 million in 2018

• North America is expected to expand at the fastest CAGR of 7.2% from 2019 to 2025

• Top players operating in the folding furniture market include Flexsteel Industries, Inc.; Haworth Inc.; Meco Corporation; Dorel Industries Inc.;Murphy Wall Beds Hardware Inc.; Ashley Furniture Industries; and La-Z-Boy Inc.

 Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Market Segmentation & Scope
                  1.2. Market Definition
                  1.3. Information Procurement
                      1.3.1. Purchased Database
                      1.3.2. GVR's Internal Database
                      1.3.3. Secondary Sources & Third-Party Perspectives
                      1.3.4. Primary Research
                  1.4. Information Analysis 
                      1.4.1. Data Analysis Models
                  1.5. Market Formulation & Data Visualization
                  1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                  2.1. Market Outlook
                  2.2. Segmental Outlook
                  2.3. Competitive Insights
Chapter 3. Folding Furniture Market Variables, Trends & Scope
                  3.1. Market Introduction
                  3.2. Penetration & Growth Prospect Mapping
                  3.3. Industry Value Chain Analysis
                      3.3.1. Sales/Retail Channel Analysis
                      3.3.2. Profit Margin Analysis
                  3.4. Market Dynamics
                      3.4.1. Market Driver Analysis
                      3.4.2. Market Restraint Analysis
                      3.4.3. Industry Challenges
                      3.4.4. Industry Opportunities
                  3.5. Business Environment Analysis
                      3.5.1. Industry Analysis - Porter's
                          3.5.1.1. Supplier Power
                          3.5.1.2. Buyer Power
                          3.5.1.3. Substitution Threat
                          3.5.1.4. Threat from New Entrant 
                          3.5.1.5. Competitive Rivalry
                  3.6. Roadmap of Folding Furniture Market
                  3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
                  4.1. Consumer Trends and Preferences
                  4.2. Factors Affecting Buying Decision 
                  4.3. Consumer Product Adoption 
                  4.4. Observations & Recommendations
Chapter 5. Folding Furniture Market: Product Estimates & Trend Analysis
                  5.1. Product Movement Analysis & Market Share, 2018 & 2025
                  5.2. Table & Chair
                      5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.3. Sofa
                      5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.4. Bed
                      5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.5. Others
                      5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Folding Furniture Market: Distribution Channel Estimates & Trend Analysis
                  6.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                  6.2. Offline
                      6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  6.3. Online
                      6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Folding Furniture Market: Regional Estimates & Trend Analysis
                  7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                  7.2. North America
                      7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                      7.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      7.2.4. U.S.
                          7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          7.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  7.3. Europe
                      7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                      7.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      7.3.4. Germany
                          7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          7.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      7.3.5. U.K.
                          7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          7.3.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  7.4. Asia Pacific
                      7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                      7.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      7.4.4. Japan
                          7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          7.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      7.4.5. China
                          7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          7.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  7.5. Central & South America
                      7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                      7.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      7.5.4. Brazil
                          7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.5.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          7.5.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  7.6. Middle East & Africa
                      7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                      7.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
                  8.1. Key global players, recent developments & their impact on the industry
                  8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                  8.3. Vendor Landscape
                      8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
                  9.1. Flexsteel Industries, Inc.
                      9.1.1. Company Overview
                      9.1.2. Financial Performance
                      9.1.3. Product Benchmarking
                      9.1.4. Strategic Initiatives
                  9.2. Haworth Inc.
                      9.2.1. Company Overview
                      9.2.2. Financial Performance
                      9.2.3. Product Benchmarking
                      9.2.4. Strategic Initiatives
                  9.3. Meco Corporation
                      9.3.1. Company Overview
                      9.3.2. Financial Performance
                      9.3.3. Product Benchmarking
                      9.3.4. Strategic Initiatives
                  9.4. Dorel Industries Inc.
                      9.4.1. Company Overview
                      9.4.2. Financial Performance
                      9.4.3. Product Benchmarking
                      9.4.4. Strategic Initiatives
                  9.5. Murphy Wall Beds Hardware Inc.
                      9.5.1. Company Overview
                      9.5.2. Financial Performance
                      9.5.3. Product Benchmarking
                      9.5.4. Strategic Initiatives
                  9.6. Ashley Furniture Industries
                      9.6.1. Company Overview
                      9.6.2. Financial Performance
                      9.6.3. Product Benchmarking
                      9.6.4. Strategic Initiatives
                  9.7. La-Z-Boy Inc.
                      9.7.1. Company Overview
                      9.7.2. Financial Performance
                      9.7.3. Product Benchmarking
                      9.7.4. Strategic Initiatives
                  9.8. Leggett & Platt Inc.
                      9.8.1. Company Overview
                      9.8.2. Financial Performance
                      9.8.3. Product Benchmarking
                      9.8.4. Strategic Initiatives
                  9.9. Resource Furniture
                      9.9.1. Company Overview
                      9.9.2. Financial Performance
                      9.9.3. Product Benchmarking
                      9.9.4. Strategic Initiatives
                  9.10. Sauder Woodworking Company
                      9.10.1. Company Overview
                      9.10.2. Financial Performance
                      9.10.3. Product Benchmarking
                      9.10.4. Strategic Initiatives

List of Tables

1. Folding Furniture - Key market driver analysis
2. Folding Furniture - Key market restraint analysis
3. Global folding table & chair market estimates and forecast, 2015 - 2025 (USD Million)
4. Global folding sofa market estimates and forecast, 2015 - 2025 (USD Million)
5. Global folding bed market estimates and forecast, 2015 - 2025 (USD Million)
6. Global other folding furniture market estimates and forecast, 2015 - 2025 (USD Million)
7. Global folding furniture market estimates and forecast, by offline, 2015 - 2025 (USD Million)
8. Global folding furniture market estimates and forecast by online, 2015 - 2025 (USD Million)
9. North America folding furniture market estimates and forecast, 2015 - 2025 (USD Million)
10. North America folding furniture market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
11. North America folding furniture market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
12. U.S. folding furniture market estimates and forecast, 2015 - 2025 (USD Million)
13. U.S. folding furniture market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
14. U.S. folding furniture market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
15. Europe folding furniture market estimates and forecast, 2015 - 2025 (USD Million)
16. Europe folding furniture market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
17. Europe folding furniture market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
18. Germany folding furniture market estimates and forecast, 2015 - 2025 (USD Million)
19. Germany folding furniture market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
20. Germany folding furniture market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
21. U.K. folding furniture market estimates and forecast, 2015 - 2025 (USD Million)
22. U.K. folding furniture market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
23. U.K. folding furniture market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
24. Asia Pacific folding furniture market estimates and forecast, 2015 - 2025 (USD Million)
25. Asia Pacific folding furniture market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
26. Asia Pacific folding furniture market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
27. Japan folding furniture market estimates and forecast, 2015 - 2025 (USD Million)
28. Japan folding furniture market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
29. Japan folding furniture market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
30. China folding furniture market estimates and forecast, 2015 - 2025 (USD Million)
31. China folding furniture market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
32. China folding furniture market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
33. Central & South America folding furniture market estimates and forecast, 2015 - 2025 (USD Million)
34. Central & South America folding furniture market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
35. Central & South America folding furniture market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
36. Brazil folding furniture market estimates and forecast, 2015 - 2025 (USD Million)
37. Brazil folding furniture market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
38. Brazil folding furniture market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
39. Middle East & Africa folding furniture market estimates and forecast, 2015 - 2025 (USD Million)
40. Middle East & Africa folding furniture market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
41. Middle East & Africa folding furniture market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
42. Vendor landscape

List of Figures

1. Folding Furniture market snapshot 
2. Folding Furniture market segmentation & scope
3. Folding Furniture market penetration & growth prospect mapping
4. Folding Furniture value chain analysis
5. Folding Furniture market dynamics
6. Folding Furniture market: Porter's analysis 
7. Folding Furniture market: Product movement analysis
8. Folding Furniture market: Distribution Channel movement analysis 
9. Folding Furniture market: Regional movement analysis