Folding Furniture Market: Global Industry Analysis and Forecast (2025-2032)

The Folding Furniture Market size was valued at USD 12.15 Billion in 2024 and the total Folding Furniture revenue is expected to grow at a CAGR of 6.7% from 2025 to 2032, reaching nearly USD 20.42 Billion.
Folding Furniture Market Overview:
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 multi-functionality and space equivalent of this type of furniture, also improve the decor of available space.

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Folding Furniture Market Dynamics:
The concept of foldable furniture is gaining popularity due to the trend towards smaller apartments due to population growth. Due to the shrinking living space of apartments, the market is in high demand for folding furniture.

Rapid urbanization and growth in the real estate market are impacting the foldable furniture industry. The number of millennials who choose rental housing is on the rise. They are more concerned with affordable, multifunctional, and small furniture that fits into an urban lifestyle. These factors are driving the demand for folding furniture in the market.

Market players are expanding their product portfolio to meet the needs of consumers for furniture that is easy to move from work to life. The furniture market with a focus on being lightweight, easy to store, aesthetically pleasing, etc. is increasing the demand for the product among consumers.

Rising prices for traditional wooden furniture due to heightened environmental problems have paved the way for these modern products. This furniture is made of lightweight materials such as plastic and mild steel. These are boosting the market growth.

Furniture retailers and manufacturers are using visual technologies such as augmented reality (AR) and virtual reality (VR) to increase retail sales. Vendors are launching AR applications that help consumers visualize furniture before they buy. This factor is expected to drive market growth through the forecast period.

Frequent replacement of such furniture and furniture is made of plastic and metal, so the entire assembly should be replaced as soon as the joints of such furniture break. These factors are restraining the market growth of folding furniture.
Folding Furniture Market Segment Analysis:
By Product, the Table and Chair segment dominated the market with 52.32 % in 2024. Folding chairs hold a dominant position in furniture owing to their flexibility and necessity. Consumers prefer folding chairs for outdoors, for traveling, use in the backyard, etc. These factors are driving the market growth of the segment.

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.

By Application, the Residential segment dominated the market with a 63 % share in 2024. It includes the use of kitchens and dining rooms, living rooms, bedrooms, and outdoor areas, etc. these factors are is driving the demand in the market. The increasing residential construction activities across the world are driving the market growth of the segment.

The commercial segment is expected to grow at a CAGR of 5 % through the forecast period. These are installed in various usage within the commercial construction sector, such as corporate offices, healthcare centers, and educational institutions. They are also used in cafeterias and hotels. Growing wood production, coupled with favorable trade policies, etc. are the factors expected to drive the growth of the segment through the forecast period.



By Distribution Channel, The offline segment dominated the market in 2024 with a 75.6 % share. Retail dominance has led to fierce competition in the market with major manufacturers such as Inter IKEA., Raymour & Flanigan, etc. a run around the globe. These stores help consumers use the ability to customize home furniture according to their needs. The availability of space, parking spaces, etc. are the factors are driving the growth of the segment in the market.

The online segment is expected to grow at a CAGR of 8 % through the forecast period. Increased online shopping due to increased awareness and increased smartphone users and availability of a wide variety of products from international brands is expected to drive the demand of the segment. Availability of online delivery services from manufacturers to consumers with flexible payment options and door-to-door sales etc. are the factors expected to drive the market growth of the segment through the forecast period.
Regional Insights:
Asia Pacific region dominated the market with 44.36 % in 2024. Consumers are investing in such furniture products as there is a growing tendency to shrink residential spaces in countries such as Japan, Tokyo, Shanghai, and India. More and more young people are moving to big cities to get better opportunities. This phenomenon gradually reduces the average living space and increases the cost of housing. Therefore, the folding furniture is the most appropriate option to solve such problems. These factors are driving the market growth of the region.

North America is expected to grow at a CAGR of 8.2% through the forecast period. Consumers are investing in such products due to their growing preference for one or two households, which results in low usage and low living space. Benefits such as space reduction, flexibility, and ease of relocation have expanded the range of foldable furniture products are the factors expected to drive the market growth of the region through the forecast period.

The objective of the report is to present a comprehensive analysis of the Folding Furniture market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Folding Furniture market dynamics, structure by analyzing the market segments and projecting the Folding Furniture market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Folding Furniture market make the report investor’s guide.
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Global Folding Furniture Market


Report Coverage
Details


Base Year:
2024
Forecast Period:
2025-2032


Historical Data:
2019 to 2024
Market Size in 2024:
USD 12.15 Bn.


Forecast Period 2025 to 2032 CAGR:
6.7%
Market Size in 2032:
USD 20.42 Bn.


 Segments Covered:
by Product
Table and Chair
Beds
Sofas
Others


by Application
Residential
Commercial


by Distribution Channel
Offline
Online



Folding Furniture Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Folding Furniture Market, Key Players:
1.IKEA
2.Ashley Furniture Industries Inc.
3.Leggett & Platt Inc.
4.Dorel Industries Inc.
5.Haworth Inc.
6.Expand Furniture
7.Murphy Wall Beds Hardware Inc.
8.Flex Steel Industries Inc.
9.Maxchief Europe
10.Hussey Seating Company
11.Meco Corporation
12.Inter Ikea Systems B.V.
13.Sauder Woodworking Company
14.Bush Industries, Inc.
15.Lifetime Products Inc.
16.Resource Furniture
FAQ:
1] What segments are covered in the Folding Furniture Market report?
Ans. The segments covered in the Folding Furniture Market report are based on Product Type, Application, and Fuel Type.

2] Which region is expected to hold the highest share in the Folding Furniture Market?
Ans. Asia Pacific Region is expected to hold the highest share in the Folding Furniture Market.

3] What is the market size of the Folding Furniture Market by 2032?
Ans. The market size of the Folding Furniture Market by 2032 is USD 20.42 Bn.

4] Who are the top key players in the Folding Furniture Market?
Ans. 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.

5] What was the Global Folding Furniture Market size in 2024?
Ans: The Global Folding Furniture Market size was USD 12.15 Billion in 2024.