South & Central America Folding Furniture Market Forecast to 2030
South & Central America 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 Urbanization Along with Growing Residential Sector Fuel South & Central America Folding Furniture Market
The real estate sector has witnessed high growth in recent times with rapid urbanization, structural economic changes, and shifts in consumer living patterns. Rapid urbanization brings about dynamic living situations, with residential spaces often serving multiple purposes. Significant growth in the real estate & residential sector is attributed to the population rise and high demand for better living spaces. The prices of residential properties have risen considerably, leading to a reduction in home sizes. As available space is smaller, consumers prefer compact furnishings that efficiently suit the available space and requirements. Hence, the adoption of multi-functional folding furniture has gained traction in the recent past. The necessity to save and effectively utilize space while enhancing aesthetics has gained prominence. Rising preference toward economical, portable, and appealing furnishing, coupled with a willingness to spend on aesthetic furniture properties, strongly supports the growth of the folding furniture industry for the residential segment. Hence, it has ultimately pushed investments in better and advanced variants of folding furniture across the world. The shift in consumer spending toward better living, backed by a rise in per capita and disposable income, has augmented the South & Central America folding furniture market growth. Furthermore, a growing interest in traveling is also driving the market growth.
South & Central America Folding Furniture Market Overview
The folding furniture market in South & Central America is further segmented into Brazil, Argentina, and the Rest of South & Central America. The region has been a major market for folding furniture due to the increasing consumer preference for outdoor areas in commercial and residential spaces, changing population lifestyle, and ongoing urbanization in South & Central America.
South & Central America has one of the fast-developing folding furniture markets in the world but is less mature and slower than other regions. A shift in consumer lifestyle has been a key factor boosting the growth of the market in this region, especially in Brazil. An increase in population and continuous advancements in commercial and residential spaces have had a positive impact on the economy of Brazil and Argentina. The rising potential for folding furniture in the commercial sector is a major aspect contributing to the market growth in South & Central America.
South & Central America Folding Furniture Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Folding Furniture Market Segmentation
The South & Central America folding furniture market is segmented into product type, material, application, and distribution channel.
Based on product type, the South & Central America folding furniture market is segmented into tables, chairs, sofas and beds, and others. The chairs segment held the largest share of the South & Central America folding furniture market in 2023.
Based on material, the South & Central America folding furniture market is segmented into wood, metal, and plastic. The wood segment held the largest share of the South & Central America folding furniture market in 2023.
Based on application, the South & Central America folding furniture market is segmented into residential, commercial, and others. The residential segment held the largest share of the South & Central America folding furniture market in 2023.
Based on distribution channel, the South & Central America folding furniture market is bifurcated into online and offline. The offline held a larger share of the South & Central America folding furniture market in 2023.
Based on country, the South & Central America folding furniture market is segmented int o, Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America folding furniture market in 2023.
Leggett & Platt Inc, Inter IKEA Holding BV, Hussey Seating Co, and Dorel Industries Inc are some of the leading companies operating in the South & Central America folding furniture market.
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According to the research team’ research, the South & Central America folding furniture market was valued at US$ 253.87 million in 2023 and is expected to reach US$ 385.90 million by 2030, registering a CAGR of 6.2% from 2023 to 2030. Adoption of eco-friendly materials and rapid advancements in folding furniture are among the critical factors attributed to the South & Central America 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 South & Central America 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 South & Central America folding furniture market.
Based on product type, the South & Central America folding furniture market is segmented into tables, chairs, sofas and beds, and others. The chairs segment held 29.4% share of South & Central America folding furniture market in 2023, amassing US$ 74.54 million. It is projected to garner US$ 116.39 million by 2030 to expand at 6.6% CAGR during 2023-2030.
Based on material, the South & Central America folding furniture market is segmented into wood, metal, and plastic. The wood segment held 49.6% share of South & Central America folding furniture market in 2023, amassing US$ 125.91 million. It is projected to garner US$ 183.64 million by 2030 to expand at 5.5% CAGR during 2023-2030.
Based on application, the South & Central America folding furniture market is segmented into residential, commercial, and others. The residential segment held 56.3% share of South & Central America folding furniture market in 2023, amassing US$ 142.98 million. It is projected to garner US$ 218.97 million by 2030 to expand at 6.3% CAGR during 2023-2030.
Based on distribution channel, the South & Central America folding furniture market is segmented into online and offline. The online segment held 31.9% share of South & Central America folding furniture market in 2023, amassing US$ 81.00 million. It is projected to garner US$ 130.30 million by 2030 to expand at 7.0% CAGR during 2023-2030.
Based on country, the South & Central America folding furniture market has been categorized into the Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 50.3% share of South & Central America folding furniture market in 2023. It was assessed at US$ 127.76 million in 2023 and is likely to hit US$ 202.60 million by 2030, exhibiting a CAGR of 6.8% during the forecast period.
Key players operating in the South & Central America folding furniture market are Leggett & Platt Inc, 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 South & Central America 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 South & Central America 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 South & Central America 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. South & Central America Folding Furniture Market Landscape
4.1 Overview
4.1.1 Porter\’s Five Forces Analysis
4.2 Ecosystem Analysis
5. South & Central America 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. South & Central America Folding Furniture Market – Market Analysis
6.1 South & Central America Folding Furniture Market Revenue (US$ Mn), 2020 – 2030
6.2 South & Central America Folding Furniture Market Forecast and Analysis
7. South & Central America Folding Furniture Market Analysis – By Product Type
7.1 South & Central America Folding Furniture Market Forecasts and Analysis, By Product Type
7.2 Tables
7.2.1 Overview
7.2.2 South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Tables (US$ Mn)
7.3 Chairs
7.3.1 Overview
7.3.2 South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Chairs (US$ Mn)
7.4 Sofas and Beds
7.4.1 Overview
7.4.2 South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Sofas and Beds (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
8. South & Central America Folding Furniture Market Analysis – By Material
8.1 South & Central America Folding Furniture Market Forecasts and Analysis- By Material
8.2 Wood
8.2.1 Overview
8.2.2 South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Wood (US$ Mn)
8.3 Metal
8.3.1 Overview
8.3.2 South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Metal (US$ Mn)
8.4 Plastic
8.4.1 Overview
8.4.2 South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Plastic (US$ Mn)
9. South & Central America Folding Furniture Market Analysis – By Application
9.1 South & Central America Folding Furniture Market Forecasts and Analysis- By Application
9.2 Residential
9.2.1 Overview
9.2.2 South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Residential (US$ Mn)
9.3 Commercial
9.3.1 Overview
9.3.2 South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Commercial (US$ Mn)
9.4 Others
9.4.1 Overview
9.4.2 South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
10. South & Central America Folding Furniture Market Analysis – By Distribution Channel
10.1 South & Central America Folding Furniture Market Forecasts and Analysis- By Distribution Channel
10.2 Online
10.2.1 Overview
10.2.2 South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Online (US$ Mn)
10.3 Offline
10.3.1 Overview
10.3.2 South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Offline (US$ Mn)
11. South & Central America Folding Furniture Market – Country Analysis
11.1 South & Central America
11.1.1 South & Central America Folding Furniture Market Overview
11.1.2 South & Central America Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.3 South & Central America Folding Furniture Market Revenue and Forecasts and Analysis – By Countries
11.1.3.1 Folding furniture market Breakdown by Country
11.1.3.2 Brazil Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.3.2.1 Brazil Folding Furniture Market Breakdown by Product Type
11.1.3.2.2 Brazil Folding Furniture Market Breakdown by Material
11.1.3.2.3 Brazil Folding Furniture Market Breakdown by Application
11.1.3.2.4 Brazil Folding Furniture Market Breakdown by Distribution Channel
11.1.3.3 Argentina Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.3.3.1 Argentina Folding Furniture Market Breakdown by Product Type
11.1.3.3.2 Argentina Folding Furniture Market Breakdown by Material
11.1.3.3.3 Argentina Folding Furniture Market Breakdown by Application
11.1.3.3.4 Argentina Folding Furniture Market Breakdown by Distribution Channel
11.1.3.4 Rest of South & Central America Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.3.4.1 Rest of South & Central America Folding Furniture Market Breakdown by Product Type
11.1.3.4.2 Rest of South & Central America Folding Furniture Market Breakdown by Material
11.1.3.4.3 Rest of South & Central America Folding Furniture Market Breakdown by Application
11.1.3.4.4 Rest of South & Central America Folding Furniture Market Breakdown by Distribution Channel
12. Pre & Post Covid-19 Impact
12.1 Pre & Post Covid-19 Impact
13. South & Central America Folding Furniture Market Industry Landscape
13.1 Overview
13.2 Merger and Acquisitions
13.3 Partnerships
14. Competitive Landscape
14.1 South & Central America Heat Map Analysis by Key Players
15. South & Central America 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 Inter IKEA Holding BV
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 Hussey Seating Co
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 Dorel Industries Inc
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. South & Central America Folding Furniture Market Segmentation
Table 2. South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Table 3. Brazil Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 4. Brazil Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 5. Brazil Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 6. Brazil Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 7. Argentina Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 8. Argentina Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 9. Argentina Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 10. Argentina Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 11. Rest of South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 12. Rest of South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 13. Rest of South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 14. Rest of South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 15. South & Central America Company Positioning & Concentration
LIST OF FIGURES
Figure 1. South & Central America Folding Furniture Market Segmentation, By Geography
Figure 2. Porter\’s Five Forces Analysis
Figure 3. Ecosystem: South & Central America Folding Furniture Market
Figure 4. South & Central America Folding Furniture Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. South & Central America Folding Furniture Market Revenue (US$ Mn), 2020 – 2030
Figure 7. South & Central America Folding Furniture Market Share (%) – By Product Type, 2022 and 2030
Figure 8. South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Tables (US$ Mn)
Figure 9. South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Chairs (US$ Mn)
Figure 10. South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Sofas and Beds (US$ Mn)
Figure 11. South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
Figure 12. South & Central America Folding Furniture Market Share (%) – By Material, 2022 and 2030
Figure 13. South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Wood (US$ Mn)
Figure 14. South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Metal (US$ Mn)
Figure 15. South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Plastic (US$ Mn)
Figure 16. South & Central America Folding Furniture Market Share (%) – By Application, 2022 and 2030
Figure 17. South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Residential (US$ Mn)
Figure 18. South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Commercial (US$ Mn)
Figure 19. South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
Figure 20. South & Central America Folding Furniture Market Share (%) – By Distribution Channel, 2022 and 2030
Figure 21. South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Online (US$ Mn)
Figure 22. South & Central America Folding Furniture Market Revenue and Forecast to 2030- By Offline (US$ Mn)
Figure 23. South & Central America Folding Furniture Market, by key Country – Revenue (2022) (US$)
Figure 24. Folding furniture market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 25. Brazil Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. Argentina Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. Rest of South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – South & Central America Folding Furniture Market
1. Dorel Industries Inc
2. Hussey Seating Co
3. Inter IKEA Holding BV
4. Leggett & Platt Inc
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