Report Description

The India folding furniture market is anticipated to be driven by growing demand for space-saving furniture products designed specifically for small spaces.

The size of the houses is shrinking as the country's population grows. People have started living in small houses or flats as a result of industrialization and other factors. According to the study, the average apartment size in the top seven cities - Mumbai Metropolitan Region (MMR), Delhi-National Capital Region (NCR), Pune, Chennai, Bengaluru, Hyderabad, and Kolkata - has decreased by 27% in the last five years, falling from 1,400 sq ft in 2014 to nearly 1,020 sq ft in 2019. The main reason for the growth of folding furniture is its compact structure and multiple usability, such as sofa bed, folding ladder, folding chair bed, folding recliner chair, and so on. Another reason for their popularity is their low cost online availability, which has increased the market growth.

The real estate industry's rapid expansion is helping to drive up demand for folding furniture in both residential and business settings. In addition, the market is growing as a result of the rising trend of small and integrated modular homes brought on by the rise in nuclear families. This is also addressed by the rise in popularity of minimalist furniture types brought on by shifting lifestyles and quick urbanization. Furthermore, major players are selling customized furniture through online retail channels.

Increasing Demand for Space-Saving Products Boost the Market Demand
The increase in the number of small rooms and the shifting trend towards smaller flats has increased the market demand for folding furniture. When not in use, these products take up the least amount of space and are just as functional and useful as any other type of furniture. While this feature is especially useful for small spaces, it allows to easily organize the favorite decorative objects. Rather than disorganizing the home and making it appear gloomy, investing in folding furniture to solve the space problem quickly and effectively is the better option. The space-saving furnishings address a variety of issues and are designed to fit easily into the space. The folding chair, table, and bed are among the most popular home furnishings designs in India these days. As people become more concerned about saving space, the market for folding furniture is expected to grow in the coming years.

Easy Portable Furniture Fueled the Market Growth
Moving heavy items from one location to another is one of the most difficult tasks that arise while shifting to a new   house. Also, when moving things to a new place, furniture is frequently harmed by starches, etc., which is the main growth opportunity that drives the folding furniture market growth. These issues will not arise because folding furniture is simple to transport from one location to another. For example, Nilkamal foldable furniture is very well built and automated, so that it can be easily moved from one spot to another. Furthermore, foldable furniture is lighter than traditional furniture, making it the most popular type of furniture. Furthermore, the rise in demand for minimalist furniture designs is driving the growth in the market.