Folding Furniture Market is expected to grow at CAGR of around 5.8% during the period 2017 to 2023 Market research future published a half cooked research report on global folding furniture market. The folding furniture market is expected to grow at CAGR of around 5.8% during the period 2017 to 2023. Market Highlights:
Rapid industrialization and urbanization in the emerging economies such as China, India, Indonesia, Thailand, Brazil, and Mexico, drive the growth of the market. Many people are shifting from rural to urban areas. Hence, the increasing population, and lack of housing structures, automatically increase the value of available limited space, where space saving furniture is the most suited option. Folding furniture is an effective alternative to traditional furniture. The multifunctionality and space saving of this type of furniture, also enhance the decor of available space. Growing demand for decorative interior and low maintenance building products, are also expected to generate growth opportunities for the market. However, the fluctuating prices of raw material, may restrict the growth of the market.