At 6.2% CAGR, the South & Central America Folding Furniture Market is projected to be worth US$ 385.90 million by 2030, says Business Market Insights

According to Business Market Insights research, the South & Central America folding furniture market was valued at US$ 253.87 million in 2023 and is expected to reach US$ 385.90 million by 2030, registering a CAGR of 6.2% from 2023 to 2030. Adoption of eco-friendly materials and rapid advancements in folding furniture are among the critical factors attributed to the South & Central America folding furniture market expansion.        

There has been an increase in the production of eco-friendly furniture products and materials to cater to the trend toward sustainability and meet the demand for folding furniture across residential facilities, hotels, resorts, and other spaces. Also, with strong research and development activities, various furniture manufacturers are adopting eco-friendly raw materials for the furniture production. Inter IKEA plans to use only renewable and recycled materials in its products by 2030. Due to the environmental changes and the negative impact of deforestation, interior designers are opting for green designs. Therefore, the rise in preference for environment-friendly and sustainable products is expected to propel the demand for folding furniture produced using eco-friendly materials. Accordingly, several vendors in the market are deploying the use of green solutions to promote sustainability. Also, the use of sustainable materials to produce folding furniture is well-aligned with government norms and regulations, which will positively impact the South & Central America folding furniture market growth in the coming years. Furthermore, the use of such eco-friendly materials is perceived to improve the aesthetic appeal and the durability of folding furniture in the long run. Hence, the growing demand for environment-friendly folding furniture is expected to become a significant trend during the forecast period.

On the contrary, high cost of raw material hampers the South & Central America folding furniture market.  

Based on product type, the South & Central America folding furniture market is segmented into tables, chairs, sofas and beds, and others. The chairs segment held 29.4% share of South & Central America folding furniture market in 2023, amassing US$ 74.54 million. It is projected to garner US$ 116.39 million by 2030 to expand at 6.6% CAGR during 2023–2030. 

Based on material, the South & Central America folding furniture market is segmented into wood, metal, and plastic. The wood segment held 49.6% share of South & Central America folding furniture market in 2023, amassing US$ 125.91 million. It is projected to garner US$ 183.64 million by 2030 to expand at 5.5% CAGR during 2023–2030.

Based on application, the South & Central America folding furniture market is segmented into residential, commercial, and others. The residential segment held 56.3% share of South & Central America folding furniture market in 2023, amassing US$ 142.98 million. It is projected to garner US$ 218.97 million by 2030 to expand at 6.3% CAGR during 2023–2030.

Based on distribution channel, the South & Central America folding furniture market is segmented into online and offline. The online segment held 31.9% share of South & Central America folding furniture market in 2023, amassing US$ 81.00 million. It is projected to garner US$ 130.30 million by 2030 to expand at 7.0% CAGR during 2023–2030.

Based on country, the South & Central America folding furniture market has been categorized into the Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 50.3% share of South & Central America folding furniture market in 2023. It was assessed at US$ 127.76 million in 2023 and is likely to hit US$ 202.60 million by 2030, exhibiting a CAGR of 6.8% during the forecast period.      

Key players operating in the South & Central America folding furniture market are Leggett & Platt Inc, Inter IKEA Holding BV, Hussey Seating Co, and Dorel Industries Inc, among others.   

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