Foldable furniture contains furniture that can be crumbled into a shape or position that utilizes less space. Folding furniture is an actual alternative to traditional furniture.
The Maximize Market Research has published a global market intelligence and research report on Folding Furniture Market on 23th November 2022. Leading analyst at Maximize Market research has said that North America held the largest market share of 38% in 2021 and is expected to keep its dominance in forecast period. However, market opportunities for Folding Furniture are increasing in developing economies in APAC region and India, Malaysia. Bangladesh, Vietnam are lucrative opportunities for the key players in the industry.
The report has covered the 34 countries across the world, which are supposed to be the attractive destinations for stakeholders in the industry. The key players selected for profiling and benchmarking are selected on their global presence, regional dominance, and probable investment criteria. The analyst at MMR has tried to give good representation to global, regional and local players in the competitive landscape. “Having said this, Sr. Analyst has said that, while estimating market size by different segment, they have not left any stone unturned to derive the total market size and market size by regions. All the local, regional and global players’ contribution to total market by supply side has been considered.
Folding Furniture Market : size was valued at US$ 10.02 Bn. in 2021. Residential, one of the segments reviewed in our report dominated the Folding Furniture Market.
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Folding Furniture Market Overview:
Apart from market size and forecasting, the report has covered the recent developments, key trends, M&A, government regulations, purchasing pattern of the customers. Macroeconomic indicators in each economy are studied to understand the future course of action for the market.
SWOT analysis of each player, PESTLE and PORTER”S analysis benchmarking of key players on different parameters made this report exclusive and investors guide.
Market Segmentation:
Sofas Segment is expected to grow at a CAGR of 9 % through the forecast period. The sofa is the main furniture in the living areas and increasing consumer demand for fewer space products is expected to drive the demand of segment. Shifting preference towards the foldable sofa, which can also be altered to make the bed is the factor expected to drive the market growth of the segment through the forecast period.
Key players:
• IKEA
• Ashley Furniture Industries Inc.
• Leggett & Platt Inc.
• Dorel Industries Inc.
• Haworth Inc.
• Expand Furniture
• Murphy Wall Beds Hardware Inc.
• Flex Steel Industries Inc.
• Maxchief Europe
• Hussey Seating Company
• Meco Corporation
• Inter Ikea Systems B.V.
• Sauder Woodworking Company
• Bush Industries, Inc.
• Lifetime Products Inc.
• Resource Furniture
The research provides a comprehensive review of the Folding Furniture market’s presence in various sectors and nations. The research analyst aims to discover hidden development potential that may be utilized by organizations in various parts of the world by doing a thorough geographical study of the sector. Global Folding Furniture Market research provides exact knowledge that enables market participants to compete successfully with their greatest competitors based on growth, sales, and other crucial aspects. In the research study, significant market aspects such as market drivers and barriers are separated from essential development prospects and industry trends.
Reasons to Purchase the Folding Furniture Market Report:
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Maximize Market Research provides B2B and B2C research on 12500 high growth emerging opportunities technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics Communications, Internet of Things, Food and Beverages,
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Nov 23, 2022