Asia Pacific Folding Furniture Market Forecast to 2030 – Regional Analysis – By Product Type (Tables, Chairs, Sofas and Beds, and Others), Material (Wood, Metal, and Plastic), Application (Residential, Commercial, and Others), and Distribution Channel (Online and Offline)
The Asia Pacific folding furniture market is expected to grow from US$ 1,215.52 million in 2023 to US$ 2,098.35 million by 2030. It is estimated to grow at a CAGR of 8.1% from 2023 to 2030.
Adoption of Eco-Friendly Materials Fuel Asia Pacific Folding Furniture Market
There has been an increase in the production of eco-friendly furniture products and materials to cater to the trend toward sustainability and meet the demand for folding furniture across residential facilities, hotels, resorts, and other spaces. Also, with strong research and development activities, various furniture manufacturers are adopting eco-friendly raw materials for the furniture production. Inter IKEA plans to use only renewable and recycled materials in its products by 2030. Due to the environmental changes and the negative impact of deforestation, interior designers are opting for green designs. Therefore, the rise in preference for environment-friendly and sustainable products is expected to propel the demand for folding furniture produced using eco-friendly materials. Accordingly, several vendors in the market are deploying the use of green solutions to promote sustainability. Also, the use of sustainable materials to produce folding furniture is well-aligned with government norms and regulations, which will positively impact the Asia Pacific folding furniture market growth in the coming years. Furthermore, the use of such eco-friendly materials is perceived to improve the aesthetic appeal and the durability of folding furniture in the long run. Hence, the growing demand for environment-friendly folding furniture is expected to become a significant trend during the forecast period.
Asia Pacific Folding Furniture Market Overview
Asia Pacific is the largest continent in the world and is known for its various cultures. China, India, Japan, South Korea, and Australia are among the major economies in Asia Pacific. These emerging nations are recording an upsurge in the middle-class population, coupled with growth in urbanization, which generates massive opportunities for the players in the folding furniture market. China dominates the regional market, followed by countries such as Japan, India, Vietnam, and South Korea. Commercial places and residential units are the major end users of folding furniture in these countries.
The rising demand for folding furniture in Asia Pacific attracts manufacturers to establish their presence in the region. Domestic investments in folding furniture manufacturing industries and increasing government support for developments in the residential and commercial building & construction sectors further lead to economic growth in the region. The subsequently rising disposable income and purchasing capabilities are expected to have a significant impact on the folding furniture market growth in Asia Pacific in the coming years. The folding furniture market in Asia Pacific is dominated by Haworth Inc, Godrej & Boyce Manufacturing Co Ltd, Inter IKEA Holding BV, La-Z-Boy Inc, and Leggett & Platt Inc.
Asia Pacific Folding Furniture Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Folding Furniture Market Segmentation
The Asia Pacific folding furniture market is segmented into product type, material, application, and distribution channel.
Based on product type, the Asia Pacific folding furniture market is segmented into tables, chairs, sofas and beds, and others. The sofas and beds segment held the largest share of the Asia Pacific folding furniture market in 2023.
Based on material, the Asia Pacific folding furniture market is segmented into wood, metal, and plastic. The wood segment held the largest share of the Asia Pacific folding furniture market in 2023.
Based on application, the Asia Pacific folding furniture market is segmented into residential, commercial, and others. The residential segment held the largest share of the Asia Pacific folding furniture market in 2023.
Based on distribution channel, the Asia Pacific folding furniture market is bifurcated into online and offline. The offline held a larger share of the Asia Pacific folding furniture market in 2023.
Based on country, the Asia Pacific folding furniture market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific folding furniture market in 2023.
Inter IKEA Holding BV, Hussey Seating Co, Leggett & Platt Inc, Dorel Industries Inc, Maxchief Asia Pacific SL, Ashley Furniture Industries LLC, and Godrej & Boyce Manufacturing Co Ltd are some of the leading companies operating in the Asia Pacific folding furniture market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Folding Furniture Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
5. Asia Pacific Folding Furniture Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Portable, Multi-Functional, and Space-Saving Furniture
5.1.2 Rapid Urbanization Along with Growing Residential Sector
5.2 Market Restraints
5.2.1 High Cost of Raw Material
5.3 Market Opportunities
5.3.1 Rapid Advancements in Folding Furniture
5.4 Future Trends
5.4.1 Adoption of Eco-Friendly Materials
5.5 Impact of Drivers and Restraints:
6. Asia Pacific Folding Furniture Market - Market Analysis
6.1 Asia Pacific Folding Furniture Market Revenue (US$ Mn), 2020 – 2030
6.2 Asia Pacific Folding Furniture Market Forecast and Analysis
7. Asia Pacific Folding Furniture Market Analysis – By Product Type
7.1 Asia Pacific Folding Furniture Market Forecasts and Analysis, By Product Type
7.2 Tables
7.2.1 Overview
7.2.2 Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Tables (US$ Mn)
7.3 Chairs
7.3.1 Overview
7.3.2 Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Chairs (US$ Mn)
7.4 Sofas and Beds
7.4.1 Overview
7.4.2 Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Sofas and Beds (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
8. Asia Pacific Folding Furniture Market Analysis – By Material
8.1 Asia Pacific Folding Furniture Market Forecasts and Analysis- By Material
8.2 Wood
8.2.1 Overview
8.2.2 Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Wood (US$ Mn)
8.3 Metal
8.3.1 Overview
8.3.2 Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Metal (US$ Mn)
8.4 Plastic
8.4.1 Overview
8.4.2 Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Plastic (US$ Mn)
9. Asia Pacific Folding Furniture Market Analysis – By Application
9.1 Asia Pacific Folding Furniture Market Forecasts and Analysis- By Application
9.2 Residential
9.2.1 Overview
9.2.2 Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Residential (US$ Mn)
9.3 Commercial
9.3.1 Overview
9.3.2 Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Commercial (US$ Mn)
9.4 Others
9.4.1 Overview
9.4.2 Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
10. Asia Pacific Folding Furniture Market Analysis – By Distribution Channel
10.1 Asia Pacific Folding Furniture Market Forecasts and Analysis- By Distribution Channel
10.2 Online
10.2.1 Overview
10.2.2 Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Online (US$ Mn)
10.3 Offline
10.3.1 Overview
10.3.2 Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Offline (US$ Mn)
11. Asia Pacific Folding Furniture Market - Country Analysis
11.1 Overview
11.1.1 Asia Pacific Folding Furniture Market Revenue and Forecasts and Analysis - By Countries
11.1.1.1 Australia Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.1.1 Australia Folding Furniture Market Breakdown by Product Type
11.1.1.1.2 Australia Folding Furniture Market Breakdown by Material
11.1.1.1.3 Australia Folding Furniture Market Breakdown by Application
11.1.1.1.4 Australia Folding Furniture Market Breakdown by Distribution Channel
11.1.1.2 China Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.2.1 China Folding Furniture Market Breakdown by Product Type
11.1.1.2.2 China Folding Furniture Market Breakdown by Material
11.1.1.2.3 China Folding Furniture Market Breakdown by Application
11.1.1.2.4 China Folding Furniture Market Breakdown by Distribution Channel
11.1.1.3 India Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.3.1 India Folding Furniture Market Breakdown by Product Type
11.1.1.3.2 India Folding Furniture Market Breakdown by Material
11.1.1.3.3 India Folding Furniture Market Breakdown by Application
11.1.1.3.4 India Folding Furniture Market Breakdown by Distribution Channel
11.1.1.4 Japan Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.4.1 Japan Folding Furniture Market Breakdown by Product Type
11.1.1.4.2 Japan Folding Furniture Market Breakdown by Material
11.1.1.4.3 Japan Folding Furniture Market Breakdown by Application
11.1.1.4.4 Japan Folding Furniture Market Breakdown by Distribution Channel
11.1.1.5 South Korea Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.5.1 South Korea Folding Furniture Market Breakdown by Product Type
11.1.1.5.2 South Korea Folding Furniture Market Breakdown by Material
11.1.1.5.3 South Korea Folding Furniture Market Breakdown by Application
11.1.1.5.4 South Korea Folding Furniture Market Breakdown by Distribution Channel
11.1.1.6 Rest of Asia Pacific Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.6.1 Rest of Asia Pacific Folding Furniture Market Breakdown by Product Type
11.1.1.6.2 Rest of Asia Pacific Folding Furniture Market Breakdown by Material
11.1.1.6.3 Rest of Asia Pacific Folding Furniture Market Breakdown by Application
11.1.1.6.4 Rest of Asia Pacific Folding Furniture Market Breakdown by Distribution Channel
12. Pre & Post Covid-19 Impact
12.1 Pre & Post Covid-19 Impact
13. Asia Pacific Folding Furniture Market Industry Landscape
13.1 Overview
13.2 Merger and Acquisitions
13.3 Partnerships
14. Competitive Landscape
14.1 Heat Map Analysis by Key Players
15. Asia Pacific Folding Furniture Market, Key Company Profiles
15.1 Leggett & Platt Inc
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Ashley Furniture Industries LLC
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Inter IKEA Holding BV
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Hussey Seating Co
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Dorel Industries Inc
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Maxchief Europe SL
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Godrej & Boyce Manufacturing Co Ltd
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
16. Appendix
16.1 Appendix
List of Tables
Table 1. Asia Pacific Folding Furniture Market Segmentation
Table 2. Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Table 3. Australia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 4. Australia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 5. Australia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 6. Australia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 7. China Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 8. China Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 9. China Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 10. China Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 11. India Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 12. India Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 13. India Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 14. India Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 15. Japan Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 16. Japan Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 17. Japan Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 18. Japan Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 19. South Korea Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 20. South Korea Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 21. South Korea Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 22. South Korea Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 23. Rest of Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 24. Rest of Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 25. Rest of Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 26. Rest of Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 27. Company Positioning & Concentration
List of Figures
Figure 1. Asia Pacific Folding Furniture Market Segmentation, By Country
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Asia Pacific Folding Furniture Market
Figure 4. Asia Pacific Folding Furniture Market - Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Folding Furniture Market Revenue (US$ Mn), 2020 – 2030
Figure 7. Asia Pacific Folding Furniture Market Share (%) – By Product Type, 2022 and 2030
Figure 8. Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Tables (US$ Mn)
Figure 9. Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Chairs (US$ Mn)
Figure 10. Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Sofas and Beds (US$ Mn)
Figure 11. Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
Figure 12. Asia Pacific Folding Furniture Market Share (%) – By Material, 2022 and 2030
Figure 13. Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Wood (US$ Mn)
Figure 14. Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Metal (US$ Mn)
Figure 15. Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Plastic (US$ Mn)
Figure 16. Asia Pacific Folding Furniture Market Share (%) – By Application, 2022 and 2030
Figure 17. Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Residential (US$ Mn)
Figure 18. Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Commercial (US$ Mn)
Figure 19. Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
Figure 20. Asia Pacific Folding Furniture Market Share (%) – By Distribution Channel, 2022 and 2030
Figure 21. Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Online (US$ Mn)
Figure 22. Asia Pacific Folding Furniture Market Revenue and Forecast to 2030- By Offline (US$ Mn)
Figure 23. Asia Pacific Folding Furniture by Key Country - Revenue (2022) ($US Million)
Figure 24. Folding furniture market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 25. Australia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. China Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. India Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 28. Japan Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 29. South Korea Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 30. Rest of Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
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