Folding Furniture Market Worth Usd 15.97 Billion By 2030 Witnessing A Cagr Of 7.5%
February 21, 2023 ⚊ 1 Min read ⚊ Views 78 ⚊ BUSINESS
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 multi-functionality 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, fluctuating prices of raw material, may restrict the growth of the market.
