Global Folding Table Market

Global Folding Table Market Size, Share, Growth Analysis, By Distribution Channel(Online and Offline), By Application(Residential and Commercial) - Industry Forecast 2024-2031

Report ID: SQMIG25F2019 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 59 | Figures: 75

Global Folding Table Market Dynamics

Folding Table Market Driver

  • Rapid urbanization along with growth in residential sector

The real estate sector had high growth in recent times due to rapid urbanization, structural economic changes, and changes in consumer living patterns. The growing residential sector helps to drive the global folding table market. The price of residential properties has risen so consumers move towards a smaller size homes, and they are preferring furniture which is compact and efficient for small spaces. So the adoption of foldable furniture is a key trend in the market for the past few years. This factor drives the growth of global folding table market worldwide.

Folding Table Market Restraint

  • Increase in raw material prices

Prices for raw materials have increased recently, which has affected furniture manufacturers. Also, the cost of coatings and finishing has risen. So the overall price of the product has risen. This factor hampers the growth of global folding table market.

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Global Folding Table Market size was valued at USD 8.56 billion in 2022 and is poised to grow from USD 9.17 billion in 2023 to USD 15.87 billion by 2031, growing at a CAGR of 7.10% during the forecast period (2024-2031).

Key market players are focusing on growing their customer base in order to gain a competitive advantage. As a result, key players are adopting variety of strategic initiatives, such as mergers & acquisitions and partnerships. To increase penetration across profitable areas, major players in global market are maintaining successful relationships with various companies. 'Lifetime Products, Inc.', 'Cosco Home & Office Products', 'Samsonite International S.A.', 'National Public Seating Corporation', 'Meco Corporation', 'Gopak Ltd.', 'KI Furniture', 'Barricks Manufacturing Company', 'Correll, Inc.', 'HON Industries, Inc.', 'Virco Mfg. Corporation', 'Maywood Furniture Corp.', 'Palmer Snyder Furniture', 'Alpina Manufacturing LLC', 'Egan Visual, Inc.', 'The Mitchell Group', 'Lafuma Mobilier SAS', 'BT Office Furniture Group Ltd.', 'SICO Incorporated', 'Inter IKEA Holding B.V.'

Rapid urbanization along with growth in residential sector

The changing working culture in the corporate sector and the adoption of the work-from-home model pushed the demand for furniture which increases the demand for folding tables and chairs for a comfortable working atmosphere while working at a remote location.

On the basis of region, global folding table market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Asia Pacific dominated global market in 2021. Consumers prefer folding table products as there is a growing tendency to reduce residential space in countries such as Japan, Tokyo, Shanghai, China, and India. Young people are moving to big cities to get better jobs, and this fact eventually reduces the average living space and increases the cost of housing. So, folding tables and chairs are the most suitable option to solve such problems.

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Global Folding Table Market

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