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Middle East & Africa Folding Furniture Market Forecast to 2030
Middle East & Africa 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)
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Description
Rapid Advancements in Folding Furniture Fuel Middle East & Africa Folding Furniture Market
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 Middle East & Africa folding furniture market.
South Africa, Saudi Arabia, and the UAE are the prominent countries in the Middle East & Africa (MEA). The Gulf countries are economically developed countries, whereas the African countries are yet to match up to their economic conditions and lag far behind. Harsh weather conditions in the desert, lack of unskilled laborers, and high labor wages in the region act as huge hindrances in the development of the region. However, the region would continue to witness a rapid increase in urbanization in the coming years, which would further boost residential construction projects.
Middle Eastern countries look forward to adopting advanced technologies. Responding to a shift in global economic power, the Middle East has positioned itself firmly as the world’s fastest-growing market, with an aim to turn Dubai and Abu Dhabi into global hubs. The subsequent rise in urban population has triggered the construction of private residential buildings in semi-urban and urban cities. These factors boost the demand for folding furniture in the Middle East. Thus, the growing need for residential and nonresidential buildings is expected to create lucrative opportunities for the folding furniture market players in the Middle East & Africa. Increasing government spending on infrastructure development through programs such as Saudi Vision 2030 and Abu Dhabi Economic Vision 2030 in the Middle East & Africa further favors the market growth in the region.
Middle Eastern countries such as Saudi Arabia, Kuwait, and the UAE have experienced a shift in socioeconomic conditions, food eating habits, lifestyle, and economic status in the past four decades. This shift indirectly favors the growth of the folding furniture market in the Middle East & Africa.
Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Folding Furniture Market Segmentation
The Middle East & Africa folding furniture market is segmented into product type, material, application, and distribution channel.
Based on product type, the Middle East & Africa folding furniture market is segmented into tables, chairs, sofas and beds, and others. The sofas and beds segment held the largest share of the Middle East & Africa folding furniture market in 2023.
Based on material, the Middle East & Africa folding furniture market is segmented into wood, metal, and plastic. The wood segment held the largest share of the Middle East & Africa folding furniture market in 2023.
Based on application, the Middle East & Africa folding furniture market is segmented into residential, commercial, and others. The residential segment held the largest share of the Middle East & Africa folding furniture market in 2023.
Based on distribution channel, the Middle East & Africa folding furniture market is segmented into online and offline. The offline held a larger share of the Middle East & Africa folding furniture market in 2023.
Based on country, the Middle East & Africa folding furniture market is segmented into South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa folding furniture market in 2023.
Inter IKEA Holding BV, Hussey Seating Co, Godrej & Boyce Manufacturing Co Ltd, and Dorel Industries Inc are some of the leading companies operating in the Middle East & Africa folding furniture market.
Summary Info
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According to the research team’ research, the Middle East & Africa folding furniture market was valued at US$ 189.13 million in 2023 and is expected to reach US$ 276.11 million by 2030, registering a CAGR of 5.6% from 2023 to 2030. Rapid advancements in folding furniture and adoption of eco-friendly materials are among the critical factors attributed to the Middle East & Africa folding furniture market expansion.
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 Middle East & Africa 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.
On the contrary, high cost of raw material hampers the Middle East & Africa folding furniture market.
Based on product type, the Middle East & Africa folding furniture market is segmented into tables, chairs, sofas and beds, and others. The sofas and beds segment held 40.0% share of Middle East & Africa folding furniture market in 2023, amassing US$ 75.67 million. It is projected to garner US$ 118.61 million by 2030 to expand at 6.6% CAGR during 2023-2030.
Based on material, the Middle East & Africa folding furniture market is segmented into wood, metal, and plastic. The wood segment held 44.4% share of Middle East & Africa folding furniture market in 2023, amassing US$ 83.96 million. It is projected to garner US$ 117.85 million by 2030 to expand at 5.0% CAGR during 2023-2030.
Based on application, the Middle East & Africa folding furniture market is segmented into residential, commercial, and others. The residential segment held 54.7% share of Middle East & Africa folding furniture market in 2023, amassing US$ 103.50 million. It is projected to garner US$ 151.91 million by 2030 to expand at 5.6% CAGR during 2023-2030.
Based on distribution channel, the Middle East & Africa folding furniture market is segmented into online and offline. The offline segment held 79.4% share of Middle East & Africa folding furniture market in 2023, amassing US$ 150.25 million. It is projected to garner US$ 215.89 million by 2030 to expand at 5.3% CAGR during 2023-2030.
Based on country, the Middle East & Africa folding furniture market has been categorized into the South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 32.8% share of Middle East & Africa folding furniture market in 2023. It was assessed at US$ 61.97 million in 2023 and is likely to hit US$ 96.46 million by 2030, exhibiting a CAGR of 6.5% during the forecast period.
Key players operating in the Middle East & Africa folding furniture market are Godrej & Boyce Manufacturing Co Ltd, Inter IKEA Holding BV, Hussey Seating Co, and Dorel Industries Inc, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa Folding Furniture market.
o Highlights key in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa Folding Furniture market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
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. Middle East & Africa Folding Furniture Market Landscape
4.1 Porter\’s Five Forces Analysis
4.2 Ecosystem Analysis
5. Middle East & Africa 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. Folding Furniture Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Folding Furniture Market Revenue (US$ Mn), 2020 – 2030
6.2 Middle East & Africa Folding Furniture Market Forecast and Analysis
7. Middle East & Africa Folding Furniture Market Analysis – By Product Type
7.1 Middle East & Africa Folding Furniture Market Forecasts and Analysis, By Product Type
7.2 Tables
7.2.1 Overview
7.2.2 Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Tables (US$ Mn)
7.3 Chairs
7.3.1 Overview
7.3.2 Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Chairs (US$ Mn)
7.4 Sofas and Beds
7.4.1 Overview
7.4.2 Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Sofas and Beds (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
8. Middle East & Africa Folding Furniture Market Analysis – By Material
8.1 Middle East & Africa Folding Furniture Market Forecasts and Analysis- By Material
8.2 Wood
8.2.1 Overview
8.2.2 Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Wood (US$ Mn)
8.3 Metal
8.3.1 Overview
8.3.2 Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Metal (US$ Mn)
8.4 Plastic
8.4.1 Overview
8.4.2 Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Plastic (US$ Mn)
9. Middle East & Africa Folding Furniture Market Analysis – By Application
9.1 Middle East & Africa Folding Furniture Market Forecasts and Analysis- By Application
9.2 Residential
9.2.1 Overview
9.2.2 Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Residential (US$ Mn)
9.3 Commercial
9.3.1 Overview
9.3.2 Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Commercial (US$ Mn)
9.4 Others
9.4.1 Overview
9.4.2 Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
10. Middle East & Africa Folding Furniture Market Analysis – By Distribution Channel
10.1 Middle East & Africa Folding Furniture Market Forecasts and Analysis- By Distribution Channel
10.2 Online
10.2.1 Overview
10.2.2 Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Online (US$ Mn)
10.3 Offline
10.3.1 Overview
10.3.2 Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Offline (US$ Mn)
11. Middle East & Africa Folding Furniture Market – Country Analysis
11.1 Overview
11.1.1 Middle East & Africa Folding Furniture Market, by Key Countries, (2022 and 2030) (%)
11.1.1.1 South Africa Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.1.1 South Africa Folding Furniture Market Breakdown by Product Type
11.1.1.1.2 South Africa Folding Furniture Market Breakdown by Material
11.1.1.1.3 South Africa Folding Furniture Market Breakdown by Application
11.1.1.1.4 South Africa Folding Furniture Market Breakdown by Distribution Channel
11.1.1.2 Saudi Arabia Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.2.1 Saudi Arabia Folding Furniture Market Breakdown by Product Type
11.1.1.2.2 Saudi Arabia Folding Furniture Market Breakdown by Material
11.1.1.2.3 Saudi Arabia Folding Furniture Market Breakdown by Application
11.1.1.2.4 Saudi Arabia Folding Furniture Market Breakdown by Distribution Channel
11.1.1.3 UAE Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.3.1 UAE Folding Furniture Market Breakdown by Product Type
11.1.1.3.2 UAE Folding Furniture Market Breakdown by Material
11.1.1.3.3 UAE Folding Furniture Market Breakdown by Application
11.1.1.3.4 UAE Folding Furniture Market Breakdown by Distribution Channel
11.1.1.4 Rest of Middle East & Africa Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.4.1 Rest of Middle East & Africa Folding Furniture Market Breakdown by Product Type
11.1.1.4.2 Rest of Middle East & Africa Folding Furniture Market Breakdown by Material
11.1.1.4.3 Rest of Middle East & Africa Folding Furniture Market Breakdown by Application
11.1.1.4.4 Rest of Middle East & Africa Folding Furniture Market Breakdown by Distribution Channel
12. Pre & Post Covid-19 Impact
12.1 Pre & Post Covid-19 Impact
13. Middle East & Africa 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. Middle East & Africa Folding Furniture Market, Key Company Profiles
15.1 Inter IKEA Holding BV
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 Hussey Seating Co
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 Dorel Industries Inc
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 Godrej & Boyce Manufacturing Co Ltd
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
16. Appendix
16.1 Appendix
LIST OF TABLES
Table 1. Middle East & Africa Folding Furniture Market Segmentation
Table 2. Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Table 3. South Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 4. South Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 5. South Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 6. South Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 7. Saudi Arabia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 8. Saudi Arabia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 9. Saudi Arabia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 10. Saudi Arabia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 11. UAE Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 12. UAE Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 13. UAE Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 14. UAE Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 15. Rest of Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 16. Rest of Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 17. Rest of Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 18. Rest of Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 19. Company Positioning & Concentration
LIST OF FIGURES
Figure 1. Middle East & Africa Folding Furniture Market Segmentation, By Country
Figure 2. Porter\’s Five Forces Analysis
Figure 3. Ecosystem: Middle East & Africa Folding Furniture Market
Figure 4. Middle East & Africa Folding Furniture Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Middle East & Africa Folding Furniture Market Revenue (US$ Mn), 2020 – 2030
Figure 7. Middle East & Africa Folding Furniture Market Share (%) – By Product Type, 2022 and 2030
Figure 8. Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Tables (US$ Mn)
Figure 9. Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Chairs (US$ Mn)
Figure 10. Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Sofas and Beds (US$ Mn)
Figure 11. Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
Figure 12. Middle East & Africa Folding Furniture Market Share (%) – By Material, 2022 and 2030
Figure 13. Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Wood (US$ Mn)
Figure 14. Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Metal (US$ Mn)
Figure 15. Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Plastic (US$ Mn)
Figure 16. Middle East & Africa Folding Furniture Market Share (%) – By Application, 2022 and 2030
Figure 17. Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Residential (US$ Mn)
Figure 18. Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Commercial (US$ Mn)
Figure 19. Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
Figure 20. Middle East & Africa Folding Furniture Market Share (%) – By Distribution Channel, 2022 and 2030
Figure 21. Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Online (US$ Mn)
Figure 22. Middle East & Africa Folding Furniture Market Revenue and Forecast to 2030- By Offline (US$ Mn)
Figure 23. Middle East & Africa Folding Furniture Market, by key Country – Revenue (2022) (US$ Million)
Figure 24. Folding furniture market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 25. South Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. Saudi Arabia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. UAE Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 28. Rest of Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – Middle East & Africa Folding Furniture Market
1. Dorel Industries Inc
2. Godrej & Boyce Mfg. CO. Ltd
3. Hussey Seating Co
4. Inter IKEA Holding BV
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