Folding Furniture Market Report 2024

The folding furniture market size has grown strongly in recent years. It will grow from $9.87 billion in 2023 to $10.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth during the historic period can be attributed to the increasing prevalence of smaller living spaces, the rise in single-person households, heightened environmental awareness, growing demand for affordable furniture solutions, and advancements in e-commerce and online retailing.

The folding furniture market size is expected to see strong growth in the next few years. It will grow to $13.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth during the forecast period can be attributed to the increasing integration of smart home technology, the rise in home offices, expanding residential and non-residential construction, growing urbanization, and rising disposable income. Key trends in the forecast period include advancements in material technology, a shift towards eco-friendly and sustainable materials, a demand for portable and lightweight furniture, innovations in folding mechanisms, and the integration of smart technology.

The growing emphasis on space optimization and home renovation is expected to drive the expansion of the folding furniture market in the future. Home renovation involves upgrading, remodeling, or improving existing residential properties to boost their functionality, aesthetics, or value. This focus on home renovation is driven by factors such as personalization, property value, functionality, sustainability, lifestyle changes, and the condition of housing stock. Folding furniture is often incorporated into home renovation projects to enhance and extend both indoor and outdoor living spaces, providing homeowners with practical and comfortable areas for relaxation, dining, and entertainment. For example, the Joint Center for Housing Studies of Harvard University reported in January 2023 that spending on home improvement projects is projected to rise from $472 billion in 2022 to $485 billion by 2024. Thus, the growing emphasis on space optimization and home renovation is fueling the growth of the folding furniture market.

Leading companies in the folding furniture market are developing innovative designs, such as smart and stylish foldable racing simulator cockpit chairs, to offer a realistic racing experience while being compact and easy to store. These chairs are designed specifically for racing simulation enthusiasts and incorporate technology for quick storage and mobility without compromising stability or durability. For instance, in September 2023, Logitech G, a Switzerland-based company, partnered with Playseat, a Netherlands-based manufacturer of gaming seats, to launch the Playseat Challenge X. This chair combines ergonomic design with foldable functionality, allowing for easy storage and setup. Made from lightweight, foldable carbon steel, the chair weighs only 11.6 kg (26 pounds) and features Playseat's ActiFit breathable material, a body-conforming design, and adjustable stiffness for enhanced support and thermal management.

In June 2023, HNI Corporation, a US-based furniture company, acquired Kimball International, Inc. for $485 million. This acquisition is set to expand HNI's product range to include foldable furniture solutions, leveraging Kimball’s expertise in flexible and adaptable furniture designs. Kimball International Inc. is a US-based furniture company specializing in the manufacture of folding chairs and tables.

Major companies operating in the folding furniture market are Samsonite Corporation, Herman Miller Inc., Raymour & Flanigan, Haworth Inc., Dorel Industries, Lifetime Products Inc., Hooker Furnishings Corporation, Sauder Woodworking Co., Hussey Seating Company, Urban Ladder, National Public Seating, Resource Furniture, MECO Corp., Eurosteel Office Furniture, Murphy Wall Beds Hardware Inc., Gopak, CoscoProducts.com, Expand Furniture, Flexfurn, Nilkamal Furniture, Spec Seats.

Asia-Pacific was the largest region in the folding furniture market in 2023. The regions covered in the folding furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the folding furniture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Folding furniture consists of items designed with hinges or joints that allow them to be easily folded, collapsed, or compactly adjusted for storage and transportation. These pieces are typically lightweight and versatile, offering space-saving benefits and the ability to adapt to changing space or storage needs.

The main types of folding furniture include chairs, tables, sofas, beds, and others. Folding chairs, for example, are portable seating solutions that can be collapsed for easy storage or transport, making them ideal for events and outdoor activities. These items are made from various materials, including wood, metal, and plastic. They are available through multiple distribution channels, both online and offline, and serve a range of applications in residential and commercial settings.

The folding furniture market research report is one of a series of new reports that provides folding furniture market statistics, including folding furniture industry global market size, regional shares, competitors with a folding furniture market share, detailed folding furniture market segments, market trends, and opportunities, and any further data you may need to thrive in the folding furniture industry. This folding furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The folding furniture market consists of sales of shelves, benches, trolleys, stool sets, and desks. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.