Foldable Furniture Market Size

  • Report ID: 276
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Foldable Furniture Market Size

Foldable Furniture Market size is poised to reach USD 16 Billion by the end of 2033, growing at a CAGR of 10% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of foldable furniture was over USD 9 Billion.The growth of the market is primarily ascribed to the rising trend of tiny homes, and studio apartments in densely populated metropolitan cities around the world. As studio apartments, and tiny homes are small spaced and are very suitable for youngster who have been residing in other cities for their work or study purposes. For instance, nearly 65% of youngsters prefer to purchase a tiny home in 2022.

Foldable furniture includes the furniture that can be folded into a shape or position and utilizes less space. The history of the folding furniture can be dated back to the 19th century. The 19th century saw the emergence of the tremendous growth of the cities with immigrants flooding the United States (U.S.). Many immigrants started moving to the cities to get jobs in the new, developing industries. The shift was rapid with people leaving the rural areas to live in the crowded and the busy city. The population of major cities doubled and even tripled during the 1900s. The fast paced immigration resulted in the growth of the apartments or small-space living trend. For instance, nearly 30% of individuals in New York inhabited apartments in 2019.

Presently, the majority of the apartments do not contain much space for the average person of family. The foldable furniture includes beds, tables and most importantly, the chair. Folding chairs only take up the space when they are needed and can be stored in a closet when they are not in use. A combination of the portable, lightweight and easily storable qualities has created an appeal among the general population. Today, folding chairs are the required for picnic, outdoor event, or family gathering. The folding furniture can be a great saver for an apartment.


Foldable Furniture Market
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Author Credits:  Parul Atri


  • Report ID: 276
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Worldwide rapid increase in urbanization, growing landscape of rental housing, significant growth in furniture industry are some major factors driving the growth of the market.

The market is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2023-2033.

Increasing prices of raw materials such as wood, rising prices of coating and finishing, and rising prices of foam and fibers are estimated to hamper the market growth.

`o hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Inter IKEA Systems B.V., Lifetime Products, Inc., Expand Furniture Inc., Murphy Wall Beds Hardware Inc., Resource Furniture, LLC, Dorel Industries Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product type, application, distribution channel, and by region.

The offline segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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