[Research Report] The folding furniture market size is projected to grow from US$ 3,276.05 million in 2022 to US$ 5,761.03 million by 2030; the market is expected to grow at a CAGR of 7.6% from 2023 to 2030.
Market Insights and Analyst View:
Folding furniture is considered as a space-saving and portable form of furniture ideal for people with miniaturized home structures. Such furniture is known for its features supporting multifunctionality. Such pieces of furniture can be easily transformed, collapsed, or folded, creating better space portability. The rapid pace of urbanization, adoption of co-living trends in various developed and developing economies, and the ongoing growth of the real estate market favor the folding furniture market growth.
Growth Drivers and Challenges:
Folding furniture is suitable for people living in smaller places or studio apartments. It is an adequate substitute for traditional furniture. The multifunctionality and space-saving features of folding furniture enhance the decor of the available space. Folding furniture is generally used in commercial spaces, such as offices, hotels, and hospitals. The adoption of this type of furniture is rising in most populous cities owing to an increase in the trend of smaller homes. Furthermore, the rising prices of traditional wood furniture due to increasing environmental concerns have paved the way for these modern products. This furniture is manufactured using lightweight materials such as plastic and mild steel. Therefore, plastic and metal folding furniture products are gaining popularity due to their lower cost and better durability. Further, single and two-person households have paved the way for less occupying space furniture. These factors are expected to grow the folding furniture market in the forecast period. Lucid Mattress provides a folding metal bed frame with heavy-duty wired grid supports to adjust the mattress effectively. However, factors such as a longer replacement cycle, volatility in raw material prices, and increased competition among manufacturers hamper the market growth.
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Folding Furniture Market: Strategic Insights
Market Size Value in US$ 3,276.05 million in 2022 Market Size Value by US$ 5,761.03 million by 2030 Growth rate CAGR of 7.6% from 2023 to 2030 Forecast Period 2023-2030 Base Year 2022
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Folding Furniture Market: Strategic Insights
| Market Size Value in | US$ 3,276.05 million in 2022 |
| Market Size Value by | US$ 5,761.03 million by 2030 |
| Growth rate | CAGR of 7.6% from 2023 to 2030 |
| Forecast Period | 2023-2030 |
| Base Year | 2022 |
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Report Segmentation and Scope:
The “Global Folding Furniture Market” is segmented on the basis of product type, material, application, distribution channel, and geography. Based on product type, the folding furniture market is segmented into tables, chairs, sofas, and beds. In terms of material, the market is classified into wood, metal, and plastic. The folding furniture market, by application, is segmented into residential, commercial, and others. Based on distribution channel, the folding furniture market is bifurcated into online and offline. The folding furniture market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)
Segmental Analysis:
Based on application, the folding furniture market is segmented into residential, commercial, and others. The residential segment holds a significant share of the market and is expected to register a significant CAGR in the folding furniture market during the forecast period. Kitchens, dining rooms, living rooms, bedrooms, and outdoor areas are among the residential areas wherein folding furniture products are required. The increasing residential construction activities worldwide are driving the segment's market growth. The market for the commercial segment is also expected to grow significantly during the forecast period. Folding furniture is installed in numerous sub-applications within the commercial construction sector, such as corporate offices, educational institutions, and healthcare centers. They are also installed in cafeterias and hotels.
Regional Analysis:
Based on geography, the folding furniture market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global folding furniture market was dominated by Asia Pacific; the market in this region was valued at US$ 1,150 million in 2022. Europe is the second major contributor to the market, which holds almost 20% of the global market. North America is expected to register a CAGR of 8% in the folding furniture market during the forecast period. In Asia Pacific, many people tend to move to large cities for better opportunities. This phenomenon gradually decreases the average living area and increases the cost of houses. Therefore, folding furniture becomes the best suitable option in such areas. Urbanization is another factor that drives the growth of the folding furniture market share in Asia Pacific. Moreover, increasing preference for one-person or two-person households in American countries such as the US, Canada, and Mexico has urged consumers to invest in such products owing to less usage and smaller living space. In addition, increasing awareness regarding space-saving furniture in developed countries such as the UK, Germany, and Britain-owing to advantages such as flexibility and ease of shifting—has widened the scope for folding furniture product vendors in European countries.
Industry Developments and Future Opportunities:
Various initiatives taken by key players operating in the folding furniture market are listed below:
- In April 2022, Dorel Home, a segment of Dorel Industries Inc., reopened its 9th floor C&D Building showroom at the High Point Market to showcase both new products and its growing portfolio of high-profile licensed brands.
- In February 2022, Ashley Furniture HomeStore in Guadalajara, Mexico, opened the new 15,000 sq. ft. showroom located on Avenida Patria #120, in Guadalajara, Jalisco, Mexico. The Guadalajara store is significant for expanding the Ashley brand in Mexico.
- In February 2019, Inter IKEA Systems B.V. launched space-saving shelving units with foldable tables, which can be easily used as a desk as well as a dining table.
COVID-19 Impact:
The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the consumer goods industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Different furniture manufacturers temporarily close their operations or limit their production capacities, negatively impacting the folding furniture market growth. Also, in the early period of the crisis, manufacturers were majorly dependent on the existing inventory. Due to the pandemic-induced economic recession, consumers became more cautious and selective in purchasing decisions. They significantly limited nonessential purchases due to lower incomes and uncertain earning prospects, especially in developing regions. However, by the end of 2021, many countries were fully vaccinated, and governments announced relaxations in certain regulations, including lockdowns and travel bans. Changing lifestyle trends post-pandemic, such as increasing emphasis on comfort, convenience, and personalization, influenced the demand for folding furniture. The growth of online retail during the pandemic also provides growth opportunities for folding furniture manufacturers. Along with this, the relaxation of trade restrictions aided in import and export operations, positively impacting the folding furniture market growth.
Folding Furniture Market Report Scope
Competitive Landscape and Key Companies:
A few of the prominent players operating in the global folding furniture market include Leggett & Platt Inc, Ashley Furniture Industries LLC, Inter IKEA Holding BV, Hussey Seating Co, Sauder Manufacturing Co, Meco Corp, Dorel Industries Inc, Maxchief Europe SL, Leisure N Pleasure SARL, Godrej & Boyce Manufacturing Co Ltd. These market players are adopting strategic development initiatives to expand, further driving the market growth.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Material, Application, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The increasing advancement in folding furniture is expected to provide lucrative opportunities to the players operating in the folding furniture market.
Rising demand for portable, multi-functional, and space-saving furniture and rapid urbanization along with the growing residential sector are some of the key driving factors for the folding furniture market.
The major players operating in the global folding furniture market are Leggett & Platt Inc, Ashley Furniture Industries LLC, Inter IKEA Holding BV, Hussey Seating Co, Sauder Manufacturing Co, Meco Corp, Dorel Industries Inc, Maxchief Europe SL, Leisure N Pleasure SARL, and Godrej & Boyce Manufacturing Co Ltd among few others.
Based on the product type, the sofas & Beds segment accounted for the largest revenue share as the foldable sofas & beds can be folded inwards and outwards, has extendable legs, and is adjustable for back support, helping reduce back-related complications.
Based on category, online is the fastest-growing segment in the folding furniture market. Online portals such as Amazon, offer various benefits such as home delivery, various secure payment options, attractive discounts, and convenience for customers.
Asia Pacific accounted for the largest share of the global folding furniture market with middle-class population, coupled with growth in urbanization.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1.1 Coverage
3.1.2 Secondary Research
3.1.3 Primary Research
4. Global Folding Furniture Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
5. Global 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. Global Folding Furniture Market - Regional Market Analysis
6.1 Global Folding Furniture Market Revenue (US$ Mn), 2020 – 2030
6.2 Global Folding Furniture Market Forecast and Analysis
7. Folding Furniture Market Analysis – By Product Type
7.1 Folding Furniture Market Forecasts and Analysis, By Product Type
7.2 Tables
7.2.1 Overview
7.2.2 Folding Furniture Market Revenue and Forecast to 2030- By Tables (US$ Mn)
7.3 Chairs
7.3.1 Overview
7.3.2 Folding Furniture Market Revenue and Forecast to 2030- By Chairs (US$ Mn)
7.4 Sofas and Beds
7.4.1 Overview
7.4.2 Folding Furniture Market Revenue and Forecast to 2030- By Sofas and Beds (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
8. Folding Furniture Market Analysis – By Material
8.1 Folding Furniture Market Forecasts and Analysis- By Material
8.2 Wood
8.2.1 Overview
8.2.2 Folding Furniture Market Revenue and Forecast to 2030- By Wood (US$ Mn)
8.3 Metal
8.3.1 Overview
8.3.2 Folding Furniture Market Revenue and Forecast to 2030- By Metal (US$ Mn)
8.4 Plastic
8.4.1 Overview
8.4.2 Folding Furniture Market Revenue and Forecast to 2030- By Plastic (US$ Mn)
9. Folding Furniture Market Analysis – By Application
9.1 Folding Furniture Market Forecasts and Analysis- By Application
9.2 Residential
9.2.1 Overview
9.2.2 Folding Furniture Market Revenue and Forecast to 2030- By Residential (US$ Mn)
9.3 Commercial
9.3.1 Overview
9.3.2 Folding Furniture Market Revenue and Forecast to 2030- By Commercial (US$ Mn)
9.4 Others
9.4.1 Overview
9.4.2 Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
10. Folding Furniture Market Analysis – By Distribution Channel
10.1 Folding Furniture Market Forecasts and Analysis- By Distribution Channel
10.2 Online
10.2.1 Overview
10.2.2 Folding Furniture Market Revenue and Forecast to 2030- By Online (US$ Mn)
10.3 Offline
10.3.1 Overview
10.3.2 Folding Furniture Market Revenue and Forecast to 2030- By Offline (US$ Mn)
11. Folding Furniture Market - Geographical Analysis
11.1 North America
11.1.1 North America Folding Furniture Market Overview
11.1.2 North America Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.3 North America Folding Furniture Market Revenue and Forecasts and Analysis - By Product Type
11.1.4 North America Folding Furniture Market Revenue and Forecasts and Analysis - By Material
11.1.5 North America Folding Furniture Market Revenue and Forecasts and Analysis - By Application
11.1.6 North America Folding Furniture Market Revenue and Forecasts and Analysis - By Distribution Channel
11.1.7 North America Folding Furniture Market Revenue and Forecasts and Analysis - By Countries
11.1.7.1 Folding furniture market Breakdown by Country
11.1.7.2 US Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.7.2.1 US Folding Furniture Market Breakdown by Product Type
11.1.7.2.2 US Folding Furniture Market Breakdown by Material
11.1.7.2.3 US Folding Furniture Market Breakdown by Application
11.1.7.2.4 US Folding Furniture Market Breakdown by Distribution Channel
11.1.7.3 Canada Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.7.3.1 Canada Folding Furniture Market Breakdown by Product Type
11.1.7.3.2 Canada Folding Furniture Market Breakdown by Material
11.1.7.3.3 Canada Folding Furniture Market Breakdown by Application
11.1.7.3.4 Canada Folding Furniture Market Breakdown by Distribution Channel
11.1.7.4 Mexico Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.7.4.1 Mexico Folding Furniture Market Breakdown by Product Type
11.1.7.4.2 Mexico Folding Furniture Market Breakdown by Material
11.1.7.4.3 Mexico Folding Furniture Market Breakdown by Application
11.1.7.4.4 Mexico Folding Furniture Market Breakdown by Distribution Channel
11.2 Europe
11.2.1 Europe Folding Furniture Market Overview
11.2.2 Europe Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.2.3 Europe Folding Furniture Market Revenue and Forecasts and Analysis - By Product Type
11.2.4 Europe Folding Furniture Market Revenue and Forecasts and Analysis - By Material
11.2.5 Europe Folding Furniture Market Revenue and Forecasts and Analysis - By Application
11.2.6 Europe Folding Furniture Market Revenue and Forecasts and Analysis - By Distribution Channel
11.2.7 Europe Folding Furniture Market Revenue and Forecasts and Analysis - By Countries
11.2.7.1 Folding furniture market Breakdown by Country
11.2.7.2 Germany Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.2.7.2.1 Germany Folding Furniture Market Breakdown by Product Type
11.2.7.2.2 Germany Folding Furniture Market Breakdown by Material
11.2.7.2.3 Germany Folding Furniture Market Breakdown by Application
11.2.7.2.4 Germany Folding Furniture Market Breakdown by Distribution Channel
11.2.7.3 France Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.2.7.3.1 France Folding Furniture Market Breakdown by Product Type
11.2.7.3.2 France Folding Furniture Market Breakdown by Material
11.2.7.3.3 France Folding Furniture Market Breakdown by Application
11.2.7.3.4 France Folding Furniture Market Breakdown by Distribution Channel
11.2.7.4 Italy Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.2.7.4.1 Italy Folding Furniture Market Breakdown by Product Type
11.2.7.4.2 Italy Folding Furniture Market Breakdown by Material
11.2.7.4.3 Italy Folding Furniture Market Breakdown by Application
11.2.7.4.4 Italy Folding Furniture Market Breakdown by Distribution Channel
11.2.7.5 UK Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.2.7.5.1 UK Folding Furniture Market Breakdown by Product Type
11.2.7.5.2 UK Folding Furniture Market Breakdown by Material
11.2.7.5.3 UK Folding Furniture Market Breakdown by Application
11.2.7.5.4 UK Folding Furniture Market Breakdown by Distribution Channel
11.2.7.6 Russia Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.2.7.6.1 Russia Folding Furniture Market Breakdown by Product Type
11.2.7.6.2 Russia Folding Furniture Market Breakdown by Material
11.2.7.6.3 Russia Folding Furniture Market Breakdown by Application
11.2.7.6.4 Russia Folding Furniture Market Breakdown by Distribution Channel
11.2.7.7 Rest of Europe Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.2.7.7.1 Rest of Europe Folding Furniture Market Breakdown by Product Type
11.2.7.7.2 Rest of Europe Folding Furniture Market Breakdown by Material
11.2.7.7.3 Rest of Europe Folding Furniture Market Breakdown by Application
11.2.7.7.4 Rest of Europe Folding Furniture Market Breakdown by Distribution Channel
11.3 Asia Pacific
11.3.1 Asia Pacific Folding Furniture Market Overview
11.3.2 Asia Pacific Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.3.3 Asia Pacific Folding Furniture Market Revenue and Forecasts and Analysis - By Product Type
11.3.4 Asia Pacific Folding Furniture Market Revenue and Forecasts and Analysis - By Material
11.3.5 Asia Pacific Folding Furniture Market Revenue and Forecasts and Analysis - By Application
11.3.6 Asia Pacific Folding Furniture Market Revenue and Forecasts and Analysis - By Distribution Channel
11.3.7 Asia Pacific Folding Furniture Market Revenue and Forecasts and Analysis - By Countries
11.3.7.1 Folding furniture market Breakdown by Country
11.3.7.2 Australia Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.3.7.2.1 Australia Folding Furniture Market Breakdown by Product Type
11.3.7.2.2 Australia Folding Furniture Market Breakdown by Material
11.3.7.2.3 Australia Folding Furniture Market Breakdown by Application
11.3.7.2.4 Australia Folding Furniture Market Breakdown by Distribution Channel
11.3.7.3 China Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.3.7.3.1 China Folding Furniture Market Breakdown by Product Type
11.3.7.3.2 China Folding Furniture Market Breakdown by Material
11.3.7.3.3 China Folding Furniture Market Breakdown by Application
11.3.7.3.4 China Folding Furniture Market Breakdown by Distribution Channel
11.3.7.4 India Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.3.7.4.1 India Folding Furniture Market Breakdown by Product Type
11.3.7.4.2 India Folding Furniture Market Breakdown by Material
11.3.7.4.3 India Folding Furniture Market Breakdown by Application
11.3.7.4.4 India Folding Furniture Market Breakdown by Distribution Channel
11.3.7.5 Japan Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.3.7.5.1 Japan Folding Furniture Market Breakdown by Product Type
11.3.7.5.2 Japan Folding Furniture Market Breakdown by Material
11.3.7.5.3 Japan Folding Furniture Market Breakdown by Application
11.3.7.5.4 Japan Folding Furniture Market Breakdown by Distribution Channel
11.3.7.6 South Korea Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.3.7.6.1 South Korea Folding Furniture Market Breakdown by Product Type
11.3.7.6.2 South Korea Folding Furniture Market Breakdown by Material
11.3.7.6.3 South Korea Folding Furniture Market Breakdown by Application
11.3.7.6.4 South Korea Folding Furniture Market Breakdown by Distribution Channel
11.3.7.7 Rest of Asia Pacific Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.3.7.7.1 Rest of Asia Pacific Folding Furniture Market Breakdown by Product Type
11.3.7.7.2 Rest of Asia Pacific Folding Furniture Market Breakdown by Material
11.3.7.7.3 Rest of Asia Pacific Folding Furniture Market Breakdown by Application
11.3.7.7.4 Rest of Asia Pacific Folding Furniture Market Breakdown by Distribution Channel
11.4 Middle East & Africa
11.4.1 Middle East & Africa Folding Furniture Market Overview
11.4.2 Middle East & Africa Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.4.3 Middle East & Africa Folding Furniture Market Revenue and Forecasts and Analysis - By Product Type
11.4.4 Middle East & Africa Folding Furniture Market Revenue and Forecasts and Analysis - By Material
11.4.5 Middle East & Africa Folding Furniture Market Revenue and Forecasts and Analysis - By Application
11.4.6 Middle East & Africa Folding Furniture Market Revenue and Forecasts and Analysis - By Distribution Channel
11.4.7 Middle East & Africa Folding Furniture Market Revenue and Forecasts and Analysis - By Countries
11.4.7.1 Folding furniture market Breakdown by Country
11.4.7.2 South Africa Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.4.7.2.1 South Africa Folding Furniture Market Breakdown by Product Type
11.4.7.2.2 South Africa Folding Furniture Market Breakdown by Material
11.4.7.2.3 South Africa Folding Furniture Market Breakdown by Application
11.4.7.2.4 South Africa Folding Furniture Market Breakdown by Distribution Channel
11.4.7.3 Saudi Arabia Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.4.7.3.1 Saudi Arabia Folding Furniture Market Breakdown by Product Type
11.4.7.3.2 Saudi Arabia Folding Furniture Market Breakdown by Material
11.4.7.3.3 Saudi Arabia Folding Furniture Market Breakdown by Application
11.4.7.3.4 Saudi Arabia Folding Furniture Market Breakdown by Distribution Channel
11.4.7.4 UAE Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.4.7.4.1 UAE Folding Furniture Market Breakdown by Product Type
11.4.7.4.2 UAE Folding Furniture Market Breakdown by Material
11.4.7.4.3 UAE Folding Furniture Market Breakdown by Application
11.4.7.4.4 UAE Folding Furniture Market Breakdown by Distribution Channel
11.4.7.5 Rest of Middle East & Africa Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.4.7.5.1 Rest of Middle East & Africa Folding Furniture Market Breakdown by Product Type
11.4.7.5.2 Rest of Middle East & Africa Folding Furniture Market Breakdown by Material
11.4.7.5.3 Rest of Middle East & Africa Folding Furniture Market Breakdown by Application
11.4.7.5.4 Rest of Middle East & Africa Folding Furniture Market Breakdown by Distribution Channel
11.5 South & Central America
11.5.1 South & Central America Folding Furniture Market Overview
11.5.2 South & Central America Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.5.3 South & Central America Folding Furniture Market Revenue and Forecasts and Analysis - By Product Type
11.5.4 South & Central America Folding Furniture Market Revenue and Forecasts and Analysis - By Material
11.5.5 South & Central America Folding Furniture Market Revenue and Forecasts and Analysis - By Application
11.5.6 South & Central America Folding Furniture Market Revenue and Forecasts and Analysis - By Distribution Channel
11.5.7 South & Central America Folding Furniture Market Revenue and Forecasts and Analysis - By Countries
11.5.7.1 Folding furniture market Breakdown by Country
11.5.7.2 Brazil Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.5.7.2.1 Brazil Folding Furniture Market Breakdown by Product Type
11.5.7.2.2 Brazil Folding Furniture Market Breakdown by Material
11.5.7.2.3 Brazil Folding Furniture Market Breakdown by Application
11.5.7.2.4 Brazil Folding Furniture Market Breakdown by Distribution Channel
11.5.7.3 Argentina Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.5.7.3.1 Argentina Folding Furniture Market Breakdown by Product Type
11.5.7.3.2 Argentina Folding Furniture Market Breakdown by Material
11.5.7.3.3 Argentina Folding Furniture Market Breakdown by Application
11.5.7.3.4 Argentina Folding Furniture Market Breakdown by Distribution Channel
11.5.7.4 Rest of South & Central America Folding Furniture Market Revenue and Forecasts to 2030 (US$ Mn)
11.5.7.4.1 Rest of South & Central America Folding Furniture Market Breakdown by Product Type
11.5.7.4.2 Rest of South & Central America Folding Furniture Market Breakdown by Material
11.5.7.4.3 Rest of South & Central America Folding Furniture Market Breakdown by Application
11.5.7.4.4 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. 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
14.2 Company Positioning & Concentration
15. Global 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 Sauder Manufacturing Co
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 Meco Corp
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 Dorel Industries Inc
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
15.8 Maxchief Europe SL
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 Leisure N Pleasure SARL
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 Godrej & Boyce Manufacturing Co Ltd
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
16. Appendix
16.1 Appendix
NOTES:
- The list of companies included in the scope are as per standard report format and the list can be modified/expanded as per client’s requirement
- The sequence/list of companies do not represent their current position in the market.
- The list of countries provided in the report are part of standard report and can be customized as per client’s requirement
List of Tables
Table 1. Global Folding Furniture Market Segmentation
Table 2. Global Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Table 3. Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 4. Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 5. Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 6. Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 7. North America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 8. North America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 9. North America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 10. North America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 11. US Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 12. US Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 13. US Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 14. US Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 15. Canada Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 16. Canada Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 17. Canada Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 18. Canada Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 19. Mexico Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 20. Mexico Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 21. Mexico Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 22. Mexico Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 23. Europe Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 24. Europe Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 25. Europe Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 26. Europe Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 27. Germany Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 28. Germany Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 29. Germany Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 30. Germany Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 31. France Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 32. France Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 33. France Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 34. France Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 35. Italy Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 36. Italy Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 37. Italy Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 38. Italy Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 39. UK Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 40. UK Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 41. UK Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 42. UK Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 43. Russia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 44. Russia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 45. Russia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 46. Russia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 47. Rest of Europe Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 48. Rest of Europe Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 49. Rest of Europe Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 50. Rest of Europe Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 51. Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 52. Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 53. Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 54. Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 55. Australia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 56. Australia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 57. Australia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 58. Australia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 59. China Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 60. China Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 61. China Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 62. China Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 63. India Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 64. India Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 65. India Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 66. India Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 67. Japan Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 68. Japan Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 69. Japan Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 70. Japan Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 71. South Korea Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 72. South Korea Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 73. South Korea Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 74. South Korea Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 75. Rest of Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 76. Rest of Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 77. Rest of Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 78. Rest of Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 79. Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 80. Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 81. Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 82. Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 83. South Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 84. South Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 85. South Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 86. South Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 87. Saudi Arabia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 88. Saudi Arabia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 89. Saudi Arabia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 90. Saudi Arabia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 91. UAE Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 92. UAE Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 93. UAE Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 94. UAE Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 95. Rest of Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 96. Rest of Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 97. Rest of Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 98. Rest of Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 99. South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 100. South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 101. South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 102. South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 103. Brazil Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 104. Brazil Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 105. Brazil Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 106. Brazil Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 107. Argentina Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 108. Argentina Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 109. Argentina Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 110. Argentina Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 111. Rest of South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 112. Rest of South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Material
Table 113. Rest of South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 114. Rest of South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 115. Company Positioning & Concentration
List of Figures
Figure 1. Global Folding Furniture Market Segmentation, By Geography
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Folding Furniture Market
Figure 4. Global Folding Furniture Market - Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Global Folding Furniture Market Revenue (US$ Mn), 2020 – 2030
Figure 7. Folding Furniture Market Share (%) – By Product Type, 2022 and 2030
Figure 8. Folding Furniture Market Revenue and Forecast to 2030- By Tables (US$ Mn)
Figure 9. Folding Furniture Market Revenue and Forecast to 2030- By Chairs (US$ Mn)
Figure 10. Folding Furniture Market Revenue and Forecast to 2030- By Sofas and Beds (US$ Mn)
Figure 11. Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
Figure 12. Folding Furniture Market Share (%) – By Material, 2022 and 2030
Figure 13. Folding Furniture Market Revenue and Forecast to 2030- By Wood (US$ Mn)
Figure 14. Folding Furniture Market Revenue and Forecast to 2030- By Metal (US$ Mn)
Figure 15. Folding Furniture Market Revenue and Forecast to 2030- By Plastic (US$ Mn)
Figure 16. Folding Furniture Market Share (%) – By Application, 2022 and 2030
Figure 17. Folding Furniture Market Revenue and Forecast to 2030- By Residential (US$ Mn)
Figure 18. Folding Furniture Market Revenue and Forecast to 2030- By Commercial (US$ Mn)
Figure 19. Folding Furniture Market Revenue and Forecast to 2030- By Others (US$ Mn)
Figure 20. Folding Furniture Market Share (%) – By Distribution Channel, 2022 and 2030
Figure 21. Folding Furniture Market Revenue and Forecast to 2030- By Online (US$ Mn)
Figure 22. Folding Furniture Market Revenue and Forecast to 2030- By Offline (US$ Mn)
Figure 23. Folding Furniture Market Breakdown by Geography, 2022 and 2030 (%)
Figure 24. Folding furniture market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. Folding furniture market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 26. US Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. Canada Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 28. Mexico Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 29. Folding furniture market Revenue and Forecasts To 2030 (US$ Mn)
Figure 30. Folding furniture market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 31. Germany Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 32. France Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 33. Italy Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 34. UK Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 35. Russia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 36. Rest of Europe Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 37. Folding furniture market Revenue and Forecasts To 2030 (US$ Mn)
Figure 38. Folding furniture market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 39. Australia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 40. China Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 41. India Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 42. Japan Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 43. South Korea Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 44. Rest of Asia Pacific Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 45. Folding furniture market Revenue and Forecasts To 2030 (US$ Mn)
Figure 46. Folding furniture market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 47. South Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 48. Saudi Arabia Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 49. UAE Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 50. Rest of Middle East & Africa Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 51. Folding furniture market Revenue and Forecasts To 2030 (US$ Mn)
Figure 52. Folding furniture market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 53. Brazil Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 54. Argentina Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 55. Rest of South & Central America Folding Furniture Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 56. Heat Map Analysis by Key Players
The List of Companies - Folding Furniture Market
- Leggett & Platt Inc
- Ashley Furniture Industries LLC
- Inter IKEA Holding BV
- Hussey Seating Co
- Sauder Manufacturing Co
- Meco Corp
- Dorel Industries Inc
- Maxchief Europe SL
- Leisure N Pleasure SARL
- Godrej & Boyce Manufacturing Co Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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