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
Easy Portable Furniture Fueled the Market Growth
Download Free Sample ReportRising Residential Sector Boost the Industry
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