![]() All these factors are restraining the growth of various markets related to the consumer goods industry.ĥ. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hampering the business collaborations and partnerships opportunities. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East and Africa is restricting the global supply chain and hindering manufacturing activities, delivery schedules, and various goods sales.įurthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. ![]() The consumer goods industry is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. Impact of COVID-19 Pandemic on Folding Furniture Market are among the well-established players operating in the global folding furniture market. Meco Corporation Sauder Woodworking Company Atlas Industries Table-Mate USA, LLC Plastic Development Group Leggett & Platt, Inc. It is attributable to the versatility, functionality, and style of the furniture developed, which has led to increased adoption of such furniture.Īshley Furniture Industries Bush Industries, Inc. With rising disposable income, shift in lifestyle, and rising trend towards the adoption of folding furniture, consumers are looking out for inspiring design for folding furniture which exudes relaxation, luxury, and comfort. Such type of furniture has been designed to suit consumer aesthetic framework and comfortability. With the rapid advancement backed by strong research activities and rising consumer demand for aesthetic and comfortability, manufacturers are coming up with innovative concepts such as paper folding furniture, furniture involving pop up architectures, and others. Hence, the demand for such form of furniture is quite high amongst consumers. In general, folding furniture are counted under lightweight and easily deployable structures that possess an ability to get transformed between various configurations in easy and effective manner. ![]() Besides being space-saving option, folding furniture are quite flexible and possess the capability to be folded, compact in flat or a small size. Folding furniture such as chairs, tables, sofas, beds, table trays, and others are quite popular among both residential and commercial customers.įolding furniture promotes portability and space saving and, thus, is essential for modern living. ![]() ![]() The demand for folding furniture is rising with rapid urbanization coupled with significant growth in residential sector and rapid advancement related to folding furniture. The report highlights key factors driving the market growth and prominent players along with their developments in the market. Rising Demand for Portable, Multifunctional, and Space-Saving Furniture Escalates Folding Furniture Market Growthįolding Furniture Market was valued at US$ 3,070.80 million in 2019 and is projected to reach US$ 4,754.29 million by 2027 it is expected to grow at a CAGR of 5.7% from 2020 to 2027. DUBLIN-( BUSINESS WIRE)-The "Folding Furniture Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type, Application, Material, and Distribution Channel" report has been added to 's offering. ![]()
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