Asia Pacific Folding Furniture Market Forecast to 2030

According to the research team’ research, the Asia Pacific folding furniture market was valued at US$ 1,215.52 million in 2023 and is expected to reach US$ 2,098.35 million by 2030, registering a CAGR of 8.1% from 2023 to 2030. Rapid urbanization along with growing residential sector and rapid advancements in folding furniture are among the critical factors attributed to the Asia Pacific folding furniture market expansion.

Advanced folding furniture has gained traction among consumers owing to the rise in investments in research and development activities and an increase in the adoption of customized design patterns of folding furniture. In open-source furniture, one can suggest the design and patterns of a piece of furniture, which can then be sent to a CNC machine. A desired form of folding furniture pieces can then be obtained. Opendesk is considered to be one of the open-source furniture platforms that provide such type of dynamic and advanced pieces of furniture. Apart from this, the integration of multimedia technologies along with the utilization of advanced materials have generated numerous growth possibilities for the development of folding furniture. The demand for folding furniture with aesthetic features and modification abilities is rising. Additionally, consumers are shifting their preference toward modular furniture, which are quite flexible and have better potential to adjust to growing demand. Also, new research and development activities have facilitated technological modifications in such types of furniture, including incorporating heat-forming material and the capability to mold or bend, the 3D form of printed folding furniture without using traditional hinges or joints, and other such advancements. Such advancements in folding furniture have aided their adoption across the region. Also, they are equally space-saving, economical, and convenient for residential and commercial facilities.

Further, with the rapidly expanding household sector in developed countries and the growing preference for vertical apartments and luxurious housing facilities, consumers are focused on decorating their houses and balconies with advanced and space-saving folding furniture. Further, miniaturization in residential facilities has also promoted the use of folding furniture with multipurpose functionalities. Thus, increasing advancements in folding furniture is expected to provide lucrative opportunities to the players operating in the Asia Pacific folding furniture market.

On the contrary, high cost of raw material hampers the Asia Pacific folding furniture market.

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 32.3% share of Asia Pacific folding furniture market in 2023, amassing US$ 392.63 million. It is projected to garner US$ 722.01 million by 2030 to expand at 9.1% CAGR during 2023-2030.

Based on material, the Asia Pacific folding furniture market is segmented into wood, metal, and plastic. The wood segment held 59.3% share of Asia Pacific folding furniture market in 2023, amassing US$ 720.83 million. It is projected to garner US$ 1,197.07 million by 2030 to expand at 7.5% CAGR during 2023-2030.

Based on application, the Asia Pacific folding furniture market is segmented into residential, commercial, and others. The residential segment held 60.2% share of Asia Pacific folding furniture market in 2023, amassing US$ 731.63 million. It is projected to garner US$ 1,277.55 million by 2030 to expand 8.3% CAGR during 2023-2030.

Based on distribution channel, the Asia Pacific folding furniture market is segmented into online and offline. The offline segment held 75.1% share of Asia Pacific folding furniture market in 2023, amassing US$ 913.09 million. It is projected to garner US$ 1,545.06 million by 2030 to expand at 7.8% CAGR during 2023-2030.

Based on country, the Asia Pacific folding furniture market has been categorized into the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 33.3% share of Asia Pacific folding furniture market in 2023. It was assessed at US$ 405.27 million in 2023 and is likely to hit US$ 765.42 million by 2030, exhibiting a CAGR of 9.5% during the forecast period.

Key players operating in the Asia Pacific folding furniture market are Godrej & Boyce Manufacturing Co Ltd, Ashley’s Furniture Industries LLC, Leggett & Platt Inc, Maxchief Europe SL, Inter IKEA Holding BV, Hussey Seating Co, and Dorel Industries Inc, among others.

1. Introduction
1.1 The Research Team 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

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

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)