Folding furniture is usually a great option for small spaces. It takes very little space when not used and it becomes as functional and great as any other type of furniture. But you don’t necessarily need to live in a tiny home to opt for folding furniture.
In the last several years, global market of folding furniture developed rapidly, the global folding furniture market is expected to generate 11985.44 Million USD by 2022, growing at a CAGR of 5.85% from 2016 to 2022. China constituted largest market share in terms of revenue in the overall foldable furniture market in 2016, followed by Europe. Growth in China and India is supplemented by rapid urbanization and need for efficient use of the available space.
The folding furniture market is segmented based on product type, application, and distribution channel. Among its key product types such as chairs, tables, sofas, beds, and other furniture, sofa is the most popular product type as it enhances the decor of the living room and accounts for around 35% of the total folding furniture revenue. The market for foldable beds would grow at the highest CAGR during the forecast period, owing to adoption of coliving trend in the US, and innovative bed designs such as murphy beds, wall beds which would fetch the demand in near future.
The folding furniture market is very fragmentation market; the revenue of top ten manufacturers accounts about 15% of the total revenue in 2016. The high-end products mainly come from USA and Europe. With increased focus on urbanization, the folding furniture market is likely to witness a strong growth in coming years.
The Global Folding Furniture Market Research Report 2017 report released by QYResearch provides a basic overview of the Folding Furniture industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Folding Furniture industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
Click to view the full report：https://www.qyresearch.com/index/detail/242405/global-folding-furniture-market
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