Folding Furniture Market Latest Trends, Industry Size and Competitive Landscape
Market Analysis The global folding furniture market size is predicted to grow at a 7.5% CAGR between 2023- 2030, states the recent Market Research Future (MRFR) analysis. Foldable furniture comprises furniture which can be folded into a position or a shape and needs minimal space. Beds, sofas, tables, chairs, and other furniture are the different types of flat folding furniture that have wide applications in various non-residential and residential sectors. Various factors are propelling the global Folding Furniture Market . According to the recent MRFR report, such factors include rapid pace of urbanization, booming real estate market, adoption of co-living trend in the United States, increasing trend of millenials choosing rented apartment, rapid industrialization in Mexico, Brazil, Thailand, Indonesia, India, and China, and shift to urban areas from rural areas. Additional factors adding market growth include rising population, lack of housing structures, an effective alternative t