The global foldable furniture market is estimated to grow at a stunning CAGR during the forecast period of 2022 to 2030. The market witnessed growth at a healthy CAGR during the previous forecast period of 2018 to 2021.
Global Foldable Furniture Market- Overview:
The market witnessed growth at a healthy CAGR during the previous forecast period of 2018 to 2021. Folding furniture is the new-age solution for homes that are cleverly designed to be multipurpose and space-saving. At Design Cafe, modular furniture happens to be the most integral part of our home designs. Our in-house manufactured modular solutions make every home design efficient.
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Based on product type, the market is segmented into,
• Table & Chair
• Sofa
• Bed
• Others
Based on distribution channel type, the market is segmented into,
• Offline
• Online
Global Foldable Furniture Market – Regional Analysis
It is estimated for the region of Asia Pacific to drive the growth of the market during the forecast period. The growing in the technological advancements in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The US region is also estimated to witness a notable growth rate in the market.
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Global Foldable Furniture Market – Key Market players
Flexsteel Industries, Inc.; Haworth Inc.; Meco Corporation; Dorel Industries Inc.; Murphy Wall Beds Hardware Inc.; Ashley Furniture Industries; La-Z-Boy Inc.; Leggett & Platt Inc.; Resource Furniture; and Sauder Woodworking Company are the major players that are driving the growth of the market during the forecast period.
Global Foldable Furniture Market- Growth Factors:
The growing construction industry all over the world is the major factor for the growth of the market during the forecast period. The growth in the construction of houses and offices all over the globe is leading to the integration of easily transferrable furniture from one place to another and this is estimated to foster the growth of the market during the forecast period. Apart from this, the continuous transferring from one place to another owing to the change in the working geography is also estimated to foster the growth of the market during the forecast period. The growth in the sale of online furniture is also demanding the easy to carry option from one place to another and this factor is also driving the growth of the market during the forecast period.
Global Foldable Furniture – Market Trends:
• The growth in the construction of houses and offices all over the globe is leading to the integration of easily transferrable furniture from one place to another and this is estimated to foster the growth of the market during the forecast period.
• Apart from this, the continuous transferring from one place to another owing to the change in the working geography is also estimated to foster the growth of the market during the forecast period.
• The growth in the sale of online furniture is also demanding the easy to carry option from one place to another and this factor is also driving the growth of the market during the forecast period.
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Key questions answered in the report:
1) Which are the top five players of the Global Foldable Furniture ?
2) How will the Global Foldable Furniture change considerably in the coming five years?
3) Which product and application will take a lionâ??s share of the Global Foldable Furniture ?
4) What are the key drivers and restraints, and challenges in the Global Foldable Furniture ?
5) Which regional market will display the highest growth?
6) What will be the size and CAGR of the Global Foldable Furniture throughout the forecast period?
