Report : Asia Pacific Folding Furniture Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type (Table and Chair, Sofas, Beds, Table TV Trays, and Others ), Application ( Residential and Commercial ), Material ( Wood, Metal, Plastic, and Others ), and Distribution Channel ( Store-based and Non Store-based )

Table and Chair Segment to Dominate Asia- Pacific Folding Furniture Market during 2020–2027

According to a new market research study on “Asia- Pacific Folding Furniture Market Forecast to 2027 – COVID-19 Impact and Analysis – By Product Type (Table and Chair, Sofas, Beds, Table TV Trays, and Others ), Application ( Residential and Commercial ), Material ( Wood, Metal, Plastic, and Others ), and Distribution Channel ( Store-based and Non Store-based ),” is expected to reach US$ 1,621.21   million by 2027 from US$ 1,005.17  million in 2019 and is expected to grow at a CAGR of 6.2% from 2020 to 2027. The report provides trends prevailing in the Asia- Pacific Folding Furniture Market and the drivers and restraints pertaining to the market growth. Increasing demand for portable, multifunctional and space-saving furniture is the primary factor driving the Asia- Pacific Folding Furniture Market. However, high cost of raw material is expected to hinder the market growth in the Asia- Pacific.

Besides, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. The COVID-19 is anticipated to cause a significant economic loss in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The governments of various Asia Pacific countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which in turn has negatively impacted the revenue generated by the folding furniture market.

On the basis of product type, the folding furniture market is classified into table and chair, sofas, beds, table TV trays, and others. In 2019, table and chair segment dominated the Asia- Pacific Folding Furniture Market. Some common types of folding furniture tables are the dining table, coffee table, and others, which are used for seated persons to eat or serve meals and tea & coffee. There is a range of specialized types of tables, including drafting tables, used for doing architectural drawings. A combination of a table comes with two benches, mostly picnic tables, as often seen at camping sites and other events. Solid glass tabletop on a patio is quite popular. Waterproof folding tables are usually made of materials such as mahogany, cast aluminum, teak, PE wicker, plastic, and PVC wicker. These materials are durable along with they can withstand the elements of wind, rain, and sun exposure. These are used for both outdoors and indoors. Folding chairs vary in design and are primarily made of wood, metal, and synthetic materials. Folding chairs, rocking chairs, loungers, armchairs, and many others are quite popular among the customers.

Some of the major key players operating in the folding furniture market include Ashley Furniture Industries, Haworth, Inc., DOREL INDUSTRIES INC., Inter IKEA Holding B.V., La-Z-Boy, Inc., and Leggett & Platt, Inc. among many others. The major players in the folding furniture market are focused on strategies such as product innovation and facility expansion to increase the market share in the market.

The Report Segments The Asia- Pacific Folding Furniture Market As Follows:

Asia- Pacific Folding Furniture Market, by Product Type

  • Table and Chair
  • Sofas
  • Beds
  • Table TV Trays
  • Others

Asia- Pacific Folding Furniture Market, by Application

  • Residential
  • Commercial

Asia- Pacific Folding Furniture Market, by Material

  • Wood
  • Metal
  • Plastic
  • Others

Asia- Pacific Folding Furniture Market, by Distribution Channel

  • Store-based
  • Non Store-based

Asia- Pacific Folding Furniture Market, by Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

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