Folding Furniture Market

Folding Furniture Market Size and Share:

The global folding furniture market size was valued at USD 4.34 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 6.02 Billion by 2033, exhibiting a CAGR of 3.52% from 2025-2033. Asia-Pacific currently dominates the market, accounting for a share of 31.2% in 2024. The market is driven by the increasing demand for space-saving solutions, rising outdoor activity trends, and the growing popularity of multifunctional and portable furniture.

The rising demand for space-saving solutions in urban environments represents one of the key factors positively influencing the market. As cities grow and living spaces become smaller, people seek furniture that offers functionality without occupying much space. Folding furniture provides the perfect solution, allowing for easy storage and multi-use in compact homes, apartments, and offices. Additionally, the increasing adoption of remote work and flexible living arrangements is catalyzing the demand for portable and adaptable furniture. Besides this, the growing shift towards sustainability encourages the use of folding furniture since it is made from durable materials that can be repurposed or recycled, appealing to environment conscious users. Apart from this, the rising popularity of outdoor activities and the increasing demand for multifunctional furniture in areas like patios, balconies, and camping sites are contributing to the market growth.

The United States has emerged as a major region in the folding furniture market owing to many factors. The versatility and adaptability of folding furniture align well with the needs of modern households, where multi-functional and compact designs are essential. In addition, the growing popularity of remote work and hybrid workspaces in the United States promotes the utilization of folding furniture, such as desks and chairs that can be easily stored or rearranged. Besides this, the country's thriving real estate and hospitality industries create lucrative growth opportunities for folding furniture in apartments, hotels, and co-working spaces. Businesses and homeowners alike value the portability and efficiency offered by such furniture. Apart from this, innovations encourage manufacturers to create high-quality, durable, and aesthetically pleasing folding furniture. The high number of well-established companies and a strong distribution network further ensure product availability across both online and offline platforms. Furthermore, the rising establishment of office buildings requires folding furniture to enhance employees’ comfort and productivity. Employees are occasionally visiting offices to work and collaborate with their teams, which is making companies look for efficient office furniture. According to the data published on the official website of the American Psychological Association, the proportion of US employees indicating that their employer provides four-day workweeks was markedly greater in 2024 compared to the prior two years, recording 14% in 2022, 17% in 2023, and 22% in 2024. As employees work in offices, they need comfortable and functional seating arrangements.

Folding Furniture Market Trends:

Growth in the real estate sector

The increasing property developments are driving the demand for adaptable and space-efficient furniture solutions. With the rise in smaller living spaces in urban areas, folding furniture offers an effective way to maximize functionality while maintaining aesthetics. Compact apartments, studio homes, and co-living spaces frequently require multi-purpose furniture like folding beds, tables, and chairs that can be easily stored and placed, addressing the need for smart space utilization. Residential and commercial environments benefit from the flexibility and portability that folding furniture provides, allowing for quick reconfiguration to suit different needs. Foldable desks and seating options enable efficient use of space in shared offices or conference rooms. Developers and property owners in India are also inclined toward folding furniture due to its cost-effectiveness and durability, often crafted with sustainable materials that align with modern eco-conscious trends. According to the report published by the India Brand Equity Foundation, the real estate sector of India is set to reach USD 5.8 Trillion by 2047, accounting for over 15.5% to the GDP.

Increasing need for hybrid workspaces

The rising need for hybrid workspaces, as businesses and individuals adapt to flexible work arrangements, is fueling the market growth. With remote and on-site work blending, employees and employers seek furniture solutions that optimize space and functionality. Folding furniture, known for its portability and space-saving design, caters to these evolving needs. In home offices, foldable desks, chairs, and shelves allow users to create functional workspaces that can be easily reconfigured or stored when not in use. Similarly, in corporate settings, folding tables and chairs facilitate the quick transformation of rooms for meetings, collaborative sessions, or temporary office setups. The demand for lightweight, durable, and ergonomic options is increasing, as companies emphasize employee comfort and productivity. Additionally, the aesthetic appeal and availability of eco-friendly materials in folding furniture align with modern design preferences, making it a practical and stylish choice for hybrid workspaces. In June 2024, Howe, the prominent company manufacturing foldable chairs and tables, teamed up with Jones & Partners, the chartered accountancy services provider, to launch its new mobile double-folding bench, equipped with built-in battery power sources. They desire to empower the modern hybrid workspace and enhance comfort.

Rising demand for outdoor furniture

The increasing demand for outdoor furniture, with people prioritizing versatile, durable, and space-saving solutions for outdoor spaces, is positively influencing the market. With the growing trend of utilizing patios, balconies, and gardens for leisure and social gatherings, folding furniture has become a preferred choice due to its portability and convenience. These pieces, designed to withstand various weather conditions, offer the perfect balance of functionality and aesthetics, meeting the needs of modern outdoor living. The versatility of folding furniture, such as collapsible tables and chairs, allows easy storage and transport, making it ideal for seasonal use or spontaneous outdoor events. Furthermore, the rising eco-consciousness has led manufacturers to produce sustainable, lightweight, and stylish designs that resonate with eco-aware users. As urban dwellers seek compact and adaptable solutions for smaller outdoor areas, the demand for folding furniture continues to grow. In May 2024, Tesco, a well-known merchandise retailer, introduced the Florence folding furniture set worth £200. It can enhance the appeal of outdoor space with its four-piece set, featuring a table, double seater, and two more chairs.

Folding Furniture Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global folding furniture market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on product type, distribution channel, and application.

Analysis by Product Type:

• Tables and Chairs
• Sofas
• Beds
• Others

Tables and chairs represent the largest segment, accounting for a market share of 43.0% in 2024. The growth can be attributed to their practicality, versatility, and a broad range of applications in both residential and commercial settings. Folding tables and chairs provide users with space-saving solutions without sacrificing functionality, making them ideal for homes, offices, events, and outdoor activities. These items are particularly useful in environments where flexibility is essential, such as small apartments, offices with limited space, or venues that require frequent rearrangement. In homes, they can be conveniently stored away when not in use, allowing for more room in smaller living spaces. Additionally, in commercial settings, such as restaurants, schools, and conference rooms, they are used to accommodate varying numbers of people while minimizing the need for bulky and permanent fixtures. Moreover, they are lightweight, easy to move, and durable, making them highly sought after. They carry the ability to quickly set up and fold away and offer cost-effectiveness and space-saving benefits.

Analysis by Distribution Channel:

• Offline
• Online

Offline exhibits a clear dominance in the market, accounting for a market share of 70.2% in 2024. This growth is driven by the enhanced experience that it offers to users when purchasing furniture. Physical stores allow customers to interact directly with the products, testing comfort, functionality, and quality before buying. People seek features like durability, ease of use, and ergonomic designs and prefer to see and feel the product in person. Furthermore, sales associates in the store can offer tailored support, assisting customers in choosing the most suitable folding furniture for their particular requirements. Moreover, numerous shoppers prefer buying furniture in-store because of worries regarding delivery and returns, particularly for larger or cumbersome products such as tables and chairs. In physical stores, people can take their purchases home immediately, avoiding potential delays. The offline channels also benefit from established brand presence and trusted retailers, which encourage users to make purchases based on familiarity and reputation. They provide immediate hands-on experience, fostering confidence and satisfaction.

Analysis by Application:

• Residential
• Commercial

Residential dominates the market, accounting for a market share of 62.5% in 2024. The dominance is due to the rising demand for space-saving solutions in modern homes, particularly in urban areas with smaller living spaces. As compact apartments, smaller dwellings, and multi-purpose living spaces become more common, folding furniture is used to provide an excellent solution by optimizing space while ensuring functionality. In residences, furniture, including tables, chairs, and beds, enables occupants to effectively organize their area, transforming rooms for various purposes, such as eating, working, or hosting guests. This flexibility is particularly crucial in compact or multifunctional spaces where the furniture can be easily organized or moved. The increasing popularity of remote work and adaptable living situations creates the need for folding furniture in residences, as individuals look for portable and temporary furnishings for home offices and various areas. In addition to this, the ease of use and portability of folding furniture make it ideal for outdoor settings, like patios or balconies, which are commonly favored in residential areas.

Regional Analysis:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

The Asia-Pacific region enjoys the leading position in the market, accounting for a market share of 31.2% in 2024. The growth is driven by the rising demand for space-efficient solutions in densely populated areas. As cities across the region expand, living spaces, particularly in nations, such as China, India, and Japan, are becoming smaller, creating the need for compact and multifunctional furniture. Folding furniture provides an excellent option for city residents, enabling them to optimize restricted space in apartments, studios, and compact homes. Moreover, the increasing need for multi-functional areas, along with the high demand for temporary arrangements in residences, workplaces, and venues, promote the use of folding furniture. Additionally, the growing popularity of outdoor pursuits and the heightened demand for travel and leisure furniture encourage the adoption of portable items. Major companies are also focusing on expanding their product range and broadening their market presence. In December 2024, Nitori Group, Japan's leading retailer of furniture and home furnishings known for folding furniture, launched its inaugural store in Mumbai's R City Mall, as a component of its strategy for global expansion. The firm aims to establish approximately 100 outlets beyond Japan by the year-end.

Key Regional Takeaways:
 

United States Folding Furniture Market Analysis

The growing adoption of folding furniture in the United States can be attributed to the rising trend of remote work. For instance, as of August 2024, 22.8% of US employees worked remotely at least partially, totaling 35.13 Million people, highlighting the rising trend of remote work. As more individuals work from home, the need for flexible and space-saving furniture has increased. Folding furniture offers practical solutions for home offices where space is often limited. It provides the ability to create multifunctional spaces that can easily transition from work environments to living areas. With many people working remotely, having furniture that is easy to move, store, and adapt to various needs has become a priority. This trend has led to an increased demand for folding desks, chairs, and storage units, as these products allow greater organization and efficiency within smaller spaces. Furthermore, the increasing focus on ergonomics and comfort in folding furniture, with people looking for practical yet comfortable solutions to work from home, is impelling the market growth.

Asia-Pacific Folding Furniture Market Analysis

In the Asia-Pacific region, the increasing demand for folding furniture is closely linked to the expansion of the commercial sector and services. According to the India Brand Equity Foundation, the Indian real estate market is projected to grow from USD 200 Million in 2021 to USD 1 Trillion by 2030, driven by the rising number of commercial services. As businesses and service providers focus on optimizing limited space in offices, retail stores, and hospitality establishments, folding furniture has become an ideal solution. The versatility and space-saving characteristics of folding furniture allow for the effective use of small spaces while meeting the needs of various business environments. Moreover, as coworking spaces and shared office setups gain popularity, folding furniture provides the necessary flexibility for quick rearrangements. In addition to the commercial sector, the thriving hospitality industry, with its need for multi-functional spaces, encourages the adoption of folding furniture, as it helps to meet the ever-evolving demands of modern users.

Europe Folding Furniture Market Analysis

In Europe, the growing adoption of folding furniture is being driven by the expansion of e-commerce platforms. As people prefer to shop online, the convenience of purchasing space-saving and versatile furniture has become more attractive. According to reports, in 2024, 72% of the population aged 16-74 bought goods online. E-commerce platforms offer a wide range of folding furniture products, from chairs to tables, which can be easily delivered to users’ doorsteps. The ease of purchasing folding furniture online, coupled with the ability to choose from a diverse range of styles and designs, has significantly contributed to the market growth. In addition, the ability to quickly assemble or disassemble folding furniture is an appealing factor for many individuals who prioritize convenience and flexibility. Additionally, the rising trend of downsizing living spaces, especially in urban areas, has also increased the demand for space-efficient products like folding furniture, which perfectly aligns with the needs of modern and mobile lifestyles.

Latin America Folding Furniture Market Analysis

The increasing usage of folding furniture in Latin America is being influenced by the growth of residential areas driven by urbanization. According to UN-Habitat, Latin America and the Caribbean is the most urbanized region in the developing world, with 81% of its population, including 539 Million people, living in cities. As more people are moving into cities, space constraints in residential homes are becoming a challenge. Folding furniture offers a practical solution for maximizing the use of limited space in smaller apartments and homes. Furthermore, the demand for multi-purpose furniture that can be easily stored or moved has surged, as urban residents seek solutions that fit their dynamic lifestyles.

Middle East and Africa Folding Furniture Market Analysis

In the Middle East and Africa, the rising investments in the real estate sector are contributing to the adoption of folding furniture. According to the Dubai Land Department, the real estate sector attracted around 50,000 new investors, with transactions totaling approximately USD 94 Billion, reflecting a 23% year-on-year growth. With rapid urban development and the high number of construction activities, the demand for adaptable furniture solutions is increasing. In both residential and commercial properties, space optimization is essential. In response, folding furniture provides the flexibility needed to accommodate different uses and arrangements. Additionally, folding furniture meets the need for compact, movable, and easily stored pieces that are perfect for dynamic spaces.

Competitive Landscape:

Key players in the market are allocating resources to innovations to improve product offerings and increase market accessibility. Top companies prioritize the integration of materials, such as lightweight metals, robust plastics, and resilient wood composites, improving the longevity and appearance of folding furniture. In addition to this, major companies utilize cutting-edge manufacturing technologies to enhance production efficiency and reduce expenses, allowing them to provide competitive pricing. They collaborate with retailers, online platforms, and distributors to ensure extensive product availability, serving both international and local markets. Marketing strategies like focused campaigns, partnerships with influencers, and engaging digital experiences assist brands in informing users about the advantages of folding furniture. Apart from this, major companies invest in research and development (R&D) efforts to design multifunctional and compact furniture that attracts urban people with restricted living spaces and outdoor environments. For instance, in April 2024, JYSK, the retail chain dealing in furniture and interior decor, revealed the VANDREFALK folding table, providing high-quality and budget-friendly solutions to elevate outdoor areas with a sleek and practical flair.

The report provides a comprehensive analysis of the competitive landscape in the folding furniture market with detailed profiles of all major companies, including:

• Ashley Furniture Industries Inc.
• Dorel Industries Inc.
• Flexfurn limited
• Haworth Inc. (Haworth International Ltd.)
• Hussey Seating Company
• Inter IKEA Systems B.V. (Inter IKEA Holding B.V)
• Kestell Furniture LLC
• La-Z-Boy Incorporated
• Lifetime Products Inc.
• Meco Corporation
• Murphy Wall Beds Hardware Inc.
• Nilkamal Furniture
• Sauder Woodworking Company

Latest News and Developments:

• October 2024: Visplay launched its Omnio Office modular furniture system at Orgatec 2024 in Cologne, Germany. Designed for modern workplace planning, the flexible system is inspired by Visplay’s folding furniture used in retail and various other environments. Omnio Office aims to address the need for quick space restructuring and team assembly. The system offers flexibility for companies facing frequent changes in workforce size.
• June 2024: Unfold Mobility introduces the Folding Surfaces, a mobile double-folding bench designed for flexible workspaces. Tailored for the rising trend of hot desking, it offers nomadic workers customizable environments. In collaboration with Jones & Partners, this innovative solution allows users to unfold surfaces for various needs, from crafting to hosting meetings. Equipped with portable power solutions, Folding Surfaces ensure independence from traditional power sources, enhancing the modern and hybrid workspace experience.
• June 2024: JE Furniture showcased its innovative folding furniture, leading new trends in office design. The company, featuring five major brands, captivated attendees with unique designs and cutting-edge products. The booth drew significant attention from both domestic and international buyers, encouraging in-depth discussions on design concepts, product features, and market strategies.
• March 2024: Artek released the Aalto foldable table, designed for compact living. This versatile piece extends easily to provide extra seating and storage space. Featuring the classic Aalto Table virtues of durability and universality, the foldable table introduces a new typology to the collection. Its design complements a variety of chairs, making it suitable for various occasions. It is perfect for modern spaces and blends practicality with elegance.

Folding Furniture Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the folding furniture market from 2019-2033.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global folding furniture market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's Five Forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the folding furniture industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.