The market size of foldable furniture will reach 13 billion yuan, made in China into "Fragrant Pastry"
Source:卖家之家
By 2027, the global folding furniture market will reach 15.3 billion US dollars.
According to foreign media reports, affected by the overseas epidemic, people from all over the world have moved to their homes, leading to an increase in demand for furniture products, among which folding furniture is particularly popular.
In addition, in developed countries such as the United States and the United Kingdom, the growing demand for single-room apartments has also increased the use of folding furniture. In the United States, the trend of millennials choosing to rent apartments is increasing, and they are more inclined to buy affordable, versatile, and smaller furniture.
According to the research website ResearchAndMarkets.com, by 2027, the global folding furniture market will reach 15.3 billion US dollars.
In addition, there are reports showing that from 2016 to 2022, the folding furniture market is expected to grow at a compound annual growth rate of 6.8%, reaching 13 billion US dollars by 2022.
In recent years, space-saving folding furniture has become very popular. From the perspective of sales channels, online folding furniture is the fastest growing channel. Offline folding furniture stores are very concentrated, but competition is intensifying. North America and the Asia-Pacific region take the lead in the global folding furniture market, followed by countries such as Europe, the Middle East and Africa, and South America.
Folding furniture mainly includes beds, tables, sofas and chairs. Among them, tables and chairs occupy the highest market share. For example, the folding chairs made of bamboo and wood provided by Flash Furniture in the United States can be used indoors and outdoors, and are very popular with consumers.
It is reported that, affected by the second overseas outbreak, furniture from China is being snapped up overseas. According to data from the National Bureau of Statistics, China's furniture exports in December reached 49.13 billion yuan, a record high in a single month. Among them, the most popular exported products are sofas, beds, office desks and chairs, dining tables and chairs, and children's beds.