The global folding tables and chairs market is anticipated to grow at a significant CAGR 3% during the forecast period (2022-2028). The rise in the number of residential units owing to increasing investment s in the real estate sector is anticipated to support the growth of the global folding tables and chairs market. According to the data published by India Brand Equity Foundation (IBEF) in 2022, the real estate sector in India is anticipated to reach $1 trillion by 2030, up from $200 billion in 2021. Further, the home sales volume across major cities in India surged by 113.0% and reached 62,800 units in the third quarter of 2021. According to the Economic times Housing Finance Summit, nearly 3 houses are built per 1,000 people per year compared with the required construction rate of five houses per 1,000 population. Thus, an additional 25 million units of affordable housing are required by 2030 to meet the growth in the country’s urban population. Therefore, the rise in the number of residential units is anticipated to fuel the demand for the global folding tables and chairs market.
The increasing application of folding tables and chairs in restaurants owing to surging numbers of hotels coupled with travelers is anticipated to drive the growth of the global folding tables and chairs market. According to the data published by India Brand Equity Foundation (IBEF) 2022, the foreign tourist arrivals in India had stood at 10.93 million in 2019. Between January 2021 and April 2021, the foreign tourist arrivals accounted for 376,083. Further, by 2028, international tourist arrivals are projected to reach 30.5 billion and generate revenue of over $ 59 billion. In addition, international hotel chains are surging their presence in the country and are anticipated to account for 47.0% share in the tourism and hospitality sector in India by 2020 and 50.0% by 2022. Moreover, the Indian hotel market including domestic inbound and outbound is estimated at $32 billion in 2020 and is projected to reach $52 billion by 2027, driven by surging demand from travelers.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Corell, Inc., IKEA, and Dorel Industries Inc., among others
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Folding Tables and Chairs Market Report by Segment
By Type
- Solid Wood Folding Tables and chairs
- Manmade Board Folding Tables and Chairs
- Plastic Folding Tables and chairs
- Aluminum Alloy Folding Tables and Chairs
- Others
By Application
- Household
- Schools
- Restaurants
- Hospitals
- Enterprises
- Other
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