Over the past few year, factors such as Millennials opting for rented apartment, who are more inclined towards affordable, multifunctional, and smaller furniture
have contributed to the development of the Global Folding Furniture market.
Undoubtedly, Rapid pace of urbanization, adoption of co-living trend in the U.S., and growth in real estate market is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global Folding Furniture market is expected to make a significant contribution, with an estimated market to reach USD14.0 Billion by 2030 growing at a CAGR of 7.8%.
AMA research has engaged in the competitive assessment of China & Global Folding Furniture Vendors for 5 years. The Top 10 Competitive Vendors in the Folding Furniture in 2023 clearly displays the competitive situations of main Folding Furniture Vendorsin 2023. The research shows that companies in top 10 list are divided up by dominating countries, namely, United States occupying half of the list showcasing strong market competitive advantage.
The Distribution Channel, such as Offline, is boosting the Folding Furniture market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
With the multiple advantages of technology, cost and service, many major Vendors such as Resource Furniture (United States), Expand Furniture (Canada), Meco Corporation (United States), Ashley Furniture Industries Inc (United States), IKEA Systems B.V. (Sweden), Murphy Bed (United States), La-Z-Boy Incorporated (United States) and Flexfurn Ltd (Belgium) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global Folding Furniture industry. It is understood that currently domestic Folding Furniture players has been massively used by players in North America.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Vendors wants to expand into other areas of the market value chain fundamentally determines its strategy.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Folding Furniture market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Data Triangulation The overall Folding Furniture market size is calculated using market estimation process, the Folding Furniture market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Folding Furniture market size has been validated using both top-down and bottom-up approaches.