The Latin America, Middle East and Africa Folding Furniture Market would witness market growth of 7.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 1,591.3 thousand units, showcasing a growth of 9.4% (2023-2030).
Owing to the increase in demand for space, manufacturers stand an opportunity to innovate furniture designs and make them more transformable. Wall beds are an example, as it is easy to pull them down and push them back to the wall. Other examples of such types of furniture include bookshelves that can be transformed into beds and coffee tables that can be reversed into dining tables. The most recent trend is Bookniture—a compact piece of furniture hidden in a book. Designed to look like a small notebook, the bookstore can be unfolded into a footrest, standing desk, and portable side table. Therefore, the increasing demand for folding furniture is a promising opportunity for manufacturers to develop and transform furniture to customers' needs.
The folding furniture manufacturers are endeavoring to cater to consumers' metropolitan ways of life and are looking forward to adding more appealing features to furniture. The market players are widening their product portfolio to cater to consumers seeking furniture that easily transforms from work to living mode. Their furniture offerings are now more focused on being lightweight, easy to tuck in, aesthetically appealing, and ergonomically contoured, thus supplementing the growth of the folding furniture market.
The demand for compact living solutions is prominent in urban areas of LAMEA. Folding furniture provides practical solutions for individuals and families seeking to maximize limited living spaces, making it a popular choice for apartments and smaller homes. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The Brazil market dominated the LAMEA Folding Furniture Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $112.8 Million by 2030. The Argentina market is showcasing a CAGR of 4.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.4% during (2023 - 2030).
Free Valuable Insights: The Worldwide Folding Furniture Market is Projected to reach USD 5.8 Billion by 2030, at a CAGR of 6.2%
Based on Product, the market is segmented into Table & Chair, Sofa, Bed, and Others. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Product (Volume, Thousand Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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