DUBLIN–(BUSINESS WIRE)–The “Folding Furniture Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Product Type, Application, Material, and Distribution Channel” report has been added to ResearchAndMarkets.com’s offering.
Rising Demand for Portable, Multifunctional, and Space-Saving Furniture Escalates Folding Furniture Market Growth
Folding Furniture Market was valued at US$ 3,070.80 million in 2019 and is projected to reach US$ 4,754.29 million by 2027; it is expected to grow at a CAGR of 5.7% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
The demand for folding furniture is rising with rapid urbanization coupled with significant growth in residential sector and rapid advancement related to folding furniture. Folding furniture such as chairs, tables, sofas, beds, table trays, and others are quite popular among both residential and commercial customers.
Folding furniture promotes portability and space saving and, thus, is essential for modern living. Besides being space-saving option, folding furniture are quite flexible and possess the capability to be folded, compact in flat or a small size. In general, folding furniture are counted under lightweight and easily deployable structures that possess an ability to get transformed between various configurations in easy and effective manner.
Hence, the demand for such form of furniture is quite high…