Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Luxury
Folding Furniture Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Luxury Folding Furniture Market.
The research also emphasizes on the impact of restraints, drivers, and macro indicators
on the regional and global Luxury Folding Furniture Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Luxury Folding Furniture Market `is offered. In
accordance with the report, the global Luxury Folding Furniture Market is
projected to expand at a CAGR of 6.8% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Luxury Folding
Furnitures are not a luxury now-a-days but a necessity. While traditional
furniture’s are single purpose goods and costly, folding furniture’s are
multi-purpose goods and reasonably priced. With the soaring population the need
for living places is rising. This in turn is enabling the phasing out of large
sized houses and homes to build flats and complexes with numerous apartments.
These bachelor sized apartments need foldable furniture that occupy the least
floor space and provide a variety of usages. Foldable Furnitures include sofas
that can be opened into bed, small coffee tables opening up to large dinning
tables and many more. Foldable furniture’s not only offers a variety of
functionality but are also light weight, easy to handle and visually arresting.
Also, these furniture’s can be switched to different modes according to the
need of the hour. The benefits offered by foldable furniture is primarily
driving its market. Rapid Urbanization is leading to rising population in
cities and the need for living spaces. The movement of only the working
population from rural areas is raising the demand for small apartments and
furniture’s that occupy smaller spaces. This is fueling the luxury foldable
furniture market. The tendency of single living and nucleated living is also
determining the growth of this sector. In order to meet the consumer’s dynamic
demand for foldable furniture, the manufacturers are raising its array of
products and thriving the luxury foldable furniture market. The growing concern
about home showcasing and the availability of interior options are indirectly
powering the growth of this market. Finally, the growth of eateries in every
corner need space saving furniture’s and commercial institutions also need
space saving techniques. These factors are empowering the growth of the Luxury
foldable furniture market.
However, the raw
materials used in the production of foldable furniture’s are costly. This is
leading to the premium prices of foldable furniture’s keeping it beyond the
reach of majority of low-income population. This factor is severely restraining
the growth of the luxury foldable furniture market. Rigid regulations can also
be assumed as a stumbling block for this market.
The sales of
foldable furniture are positively related with the sale of apartments. The sale
of apartments is on a surge. This is a great opportunity for this market to
capture larger market share. Also, to manufacturers of foldable furniture is
taking up strategies like collaborating with other firms and designers for the
market growth. For example, COS and HAY has merged in the production of
foldable tables made of wood with designer Tomas Alonso from Spain. Finally,
the rising population, rapid urbanization and the city way of living is likely
to sustain the growth of the luxury foldable furniture market.
Segment Covered:
This market
intelligence report on the global Luxury Foldable Furniture Market encompasses
market segments based on product type, application, distributional Channel, and
country/regions.
By product type, the Luxury Foldable Furniture Market is segregated
into,
§ Beds
§ Sofas
§ Chairs
§ Tables
§ Others
By Application, the Luxury Folding Furniture
Market is classified into,
§ Commercial
§ Residential
By distributional channel, the Luxury Folding Furniture
Market is fragmented into,
§ Offline
§ Online
By country/region, the Luxury Foldable Furniture Market
is divided into,
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Expand Furniture
§ Resource Furniture
§ Dorel Industries Inc
§ Leggett & Platt, Inc
§ Nilkamal Limited
§ Gopak Ltd
§ Flexfurn Ltd
§ La-Z-Boy Incorporated
§ Murphy Bed
§ IKEA Systems B.V.
§ Ashley Furniture Industries Inc
§ Meco Corporation
§ Maxchief Europe
§ Hussey Seating Company
Other players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Luxury Foldable Furniture Market related
investment & spending and developments by major players of the market are
tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Luxury Foldable Furniture Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020 – 2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Luxury Foldable Furniture Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Hussey Seating
Company, Nilkamal Furnitures, Resource Furniture, Expand Furniture, Flexfurn
Ltd and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Luxury Foldable Furniture caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Luxury
Foldable Furniture Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Luxury Folding Furniture Market
v
Identification
of key factors driving investment opportunities in the Luxury Folding Furniture
Market.
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants