Folding Furniture Market is expected to grow at CAGR of around 5.8% during the period 2017 to 2023

Folding Furniture Market is expected to grow at CAGR of around 5.8% during the period 2017 to 2023

Market research future published a half cooked research report on global folding furniture market. The folding furniture market is expected to grow at CAGR of around 5.8% during the period 2017 to 2023.

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.

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Market Research Analysis:

For the purpose of this study, the global folding furniture market has been segmented based on products, and applications. On the basis of product, the market has been segmented as chairs, tables, sofas, beds, and other furniture. Among products, sofa accounted for the largest market share. A sofa is the most popular product type as it enhances the décor of the living room. Foldable beds segment is expected grow at the highest CAGR during the forecast period. Growing adoption of co-living trend in the US, and various bed designs such as murphy beds, wall beds, would raise the demand in near future.

On the basis of applications, the market has been segmented as residential and non-residential. Residential sector dominates the application segment of the market and is expected to grow at the highest CAGR during the forecast period. Increasing residential construction across the globe increases the demand of the market. Non-residential segment is the second largest application segment of the market. Non-residential application segment is expected to contribute significantly during the forecast period. Folding furniture is installed in numerous sub-applications within the non-residential construction sector such as corporate offices, healthcare centers, and educational institutions. It is also installed in Cafeterias, and hotels.

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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


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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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

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Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email:sales@marketresearchfuture.com


Thank You.


Contact Details

Company Name: Market Research Future
Issued By: Ankita Sanjay Belsare
Phone: 6468459312
Address: WantStats Research and Media Pvt. Ltd. Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India Pune
City: Pune
State: IN
Zip: 411028
Country: India
Website: Visit the website

Keywords : Folding Furniture Market,

by Ankita Sanjay Belsare (last year!)

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