Stratview Research has published a new report on the Folding Furniture Market by Company, Regions, Type and Application, Forecast, up to 5 years by Stratview Research offers the most up-to-date market trends as well as an industry growth estimate for 5 years. The report provides a thorough analysis of the market for the forecast period 2021-2025. It reveals a broader picture of the market situation, taking into consideration all major trends, market dynamics, and competitive factors. Moreover, the report contains key statistics concerning the situation of the key players, present, and upcoming market trends, and potential market growth areas. Eventually, these reports are designed to assist readers in retrieving information and making decisions that help to grow their business.
The report also covers analyst opinions and prospects, competitive landscapes, and key regions from both a regional and a global perspective. The report also examines several factors, including driving factors and challenges.
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Analysis of Folding Furniture Market Key Manufacturers:
According to the report, the Folding Furniture Market includes suppliers, product manufacturers, and OEMs. Following is a list of the Key Players in this market.
• Resource Furniture (The U.S.),
• Expand Furniture (Canada),
• Inter IKEA Systems B.V. (Netherlands),
• MECO CORPORATION (The U.S.),
• La-Z-Boy Inc. (The U.S.),
• Murphy Wall Beds Hardware Inc. (The U.S.),
• Nilkamal Limited (India),
• Flexfurn Ltd (UK),
• Dorel Industries Inc. (Canada),
• Leggett & Platt (The U.S.), and
• ASHLEY FURNITURE INDUSTRIES INC. (The U.S.)
Growth drivers and Market Value:
This report, from Stratview Research Folding Furniture Market value and growth drivers over the trend period of 2021-26. According to the report –
The Global Folding Furniture Market is estimated to grow from USD 3.2 billion in 2020 to USD 4.4 billion by 2026 at a healthy CAGR of 5.5% during the forecast period.
Based on by End Use Type:
• Residential segment accounted for the largest share in 2020 and is projected to grow at a significant CAGR during the review period.
• Increasing residential construction across geographies is driving the segment growth.
• Increasing usage of folding furniture such as chairs and sofa at commercial spaces such as offices, educational institutes, and healthcare facilities is likely propelling the market growth.
Based on Regional:
• The market growth in Asia-Pacific region is primarily driven by high product demand in countries such as India, Japan, and Hong Kong.
• Increasing preference for one or two person household in the US is likely to drive market growth in North America region.
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Research Methodology & Features –
This report offers in-depth insights and is the result of detailed research methodology through secondary research, extensive primary interviews with industry key players, and statistical tools. The report provides vital information related to the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints
- Market trend and forecast analysis
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Key success factors & more.
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