Market Forecast By Type (Chairs, Tables, Sofas, Beds, Other Furniture), By Application (Residential, Commercial), By Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Online Channels, Other Distribution Channels) And Competitive Landscape
Product Code: ETC371606 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Malaysia Folding Furniture market report thoroughly covers the market by type, by application, by distribution channel and competitive Landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Folding furniture has become increasingly popular in Malaysia over the years. One reason for this is the growing trend of affordable and compact furniture, especially in urban areas where space is limited. Further, one key trend in the Malaysian folding furniture market is customization. Consumers are looking for furniture that serves multiple purposes and can efficiently optimize their living space. There are foldable furniture products that can be customized according to the needs of a particular consumer. Manufacturers are now shifting their production towards customization to meet the demands of this new trend. Moreover, the furniture market is also witnessing new product developments and innovative designs. Manufacturers are introducing new materials like aluminum, fiber, recycled materials, and various fabrics to improve the durability, flexibility and increase the market value of their product. Additionally, the trend of minimalism and eco-consciousness among consumers has pushed manufacturers to create furniture with sustainability in mind. Despite the benefits that the Malaysia folding furniture industry in has brought to the industry, it still faces various market challenges. One of these challenges is the lack of strict quality control and safety standards. Since the rise of the e-commerce platform, online marketplaces lack controls over the quality of the furniture products sold, and many rogue products often do not meet basic safety standards.
According to 6Wresearch, Malaysia Folding Furniture market size is projected to grow at a CAGR of 12.2% during 2025-2031. The rise of e-commerce has also contributed to the success of the furniture industry in Malaysia and the growth of the folding furniture market. Foldable furniture has become an important segment for many manufacturers as it addresses the demands of consumers who are increasingly opting for furniture that is easy to move, portable, and affordable. Further, the increasing number of people migrating to urban areas has led to the shrinking of living spaces. Compact living spaces have become more commonplace among Malaysians, who still want to enjoy the functionality of their furniture without compromising on design. Folding furniture offers an excellent alternative for individuals who want to optimize their small living spaces. From wall-mounted foldable desks to murphy beds, Malaysian consumers have been adopting this trend, positively impacting the folding furniture market's growth. In addition, the folding furniture provides the convenience of setting up and storing away furniture effortlessly, making it an ideal solution for nomadic lifestyles. Malaysian society is currently changing, with more individuals looking for convenience, and folding furniture offers that and more. For instance, foldable tables are ideal for use in outdoor events, picnics, and even at home when guests come over. Hence, the need for convenience has contributed significantly to the growth of the folding furniture market in Malaysia.
The Malaysian government has several initiatives to promote the furniture industry, including the establishment of the Malaysian Furniture Council. The council aims to promote the furniture industry in Malaysia through export development, trade promotion, and product development initiatives. Moreover, these initiatives help the local producers, suppliers, and traders to expand their business and strengthen the industry's competitiveness in the global market. Likewise, these lineups have boosted the Malaysia Folding Furniture Market Share. Further, one of the government's initiatives is the Furniture Industry Promotion Program (FIPP), which was launched in 2017. The program aims to empower the furniture industry's small and medium enterprises to increase their competitiveness in the international market. FIPP focuses on developing and training the workforce, improving product designs, and enhancing the export capacity of the furniture industry in Malaysia.
Sharp Plywood is one of the prominent player in the Malaysia folding furniture market, offering a wide range of folding furniture, including beds, tables, and chairs. Sharp Plywood is known for its high-quality products that are durable and aesthetically pleasing. They prioritize environmentally friendly materials in their product line, making them a popular choice for conscious buyers. Further, another leading player in the Malaysia folding furniture market is Titiwangsa Furniture. The company is known for its innovative designs and high-quality products. They have a diverse range of folding furniture, including lightweight and portable options. Titiwangsa Furniture's products are not only durable but also functional and comfortable for users. Moreover, few of the companies’ also hold huge Malaysia Folding Furniture Market Revenues. Additionally, IKEA is also a major company in the market. IKEA also has a strong presence in Malaysia's folding furniture market. Their collection of foldable furniture includes beds, tables, and chairs, suitable for any household or office setup. IKEA places great emphasis on offering affordable products without compromising quality, making it a popular choice for consumers.
According to Ravi Bhandari, Research Head, 6Wresearch, the folding furniture market in Malaysia has been growing rapidly, especially in the chairs, tables, sofas, and beds segments. Further, the folding chairs have been around for decades, but they’re gaining more and more popularity in Malaysia because of their versatility. They’re perfect for outdoor events, picnics, and even indoor use. You can find them in a variety of materials, such as wood, metal, and plastic, and in a wide range of colors and designs. The best part is that they’re lightweight and easy to fold, which makes them great for storing under the bed or in the closet. Additionally, the folding tables are a convenient choice for people who want a dining table but don’t have enough space for a permanent one.
The residential market for folding furniture in Malaysia is growing at a rapid pace, driven by the increasing demand for compact and multifunctional furniture. It's not only perfect for small apartments and houses but also for those who frequently move around or travel. From foldable dining tables to sofa beds, folding chairs, and wall-mounted desks, the options are endless. Malaysian furniture manufacturers have also introduced creative ways to incorporate folding furniture into small spaces, such as foldable beds that convert into wardrobes, wall-mounted foldable desks, and multi-purpose kitchen islands. On the other hand, the commercial market for folding furniture in Malaysia is also booming. Many businesses, especially startups, are opting for folding furniture owing to its portability and practicality. It's an excellent choice for event planners who need to set up seating arrangements quickly and efficiently. Folding tables and chairs are also commonly used in training rooms, conference halls, hotels, and restaurants. Besides, the folding furniture market in Malaysia caters to several other commercial sectors such as education, healthcare, and retail.
The Malaysia folding furniture market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Malaysia Folding Furniture Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia Folding Furniture Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia Folding Furniture Market - Industry Life Cycle |
3.4 Malaysia Folding Furniture Market - Porter's Five Forces |
3.5 Malaysia Folding Furniture Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Malaysia Folding Furniture Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Malaysia Folding Furniture Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Malaysia Folding Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Malaysia Folding Furniture Market Trends |
6 Malaysia Folding Furniture Market Segmentations |
6.1 Malaysia Folding Furniture Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Malaysia Folding Furniture Market Revenues & Volume, By Chairs, 2021-2031F |
6.1.3 Malaysia Folding Furniture Market Revenues & Volume, By Tables, 2021-2031F |
6.1.4 Malaysia Folding Furniture Market Revenues & Volume, By Sofas, 2021-2031F |
6.1.5 Malaysia Folding Furniture Market Revenues & Volume, By Beds, 2021-2031F |
6.1.6 Malaysia Folding Furniture Market Revenues & Volume, By Other Furniture, 2021-2031F |
6.2 Malaysia Folding Furniture Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Malaysia Folding Furniture Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Malaysia Folding Furniture Market Revenues & Volume, By Commercial, 2021-2031F |
6.3 Malaysia Folding Furniture Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Malaysia Folding Furniture Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.3.3 Malaysia Folding Furniture Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021-2031F |
6.3.4 Malaysia Folding Furniture Market Revenues & Volume, By Online Channels, 2021-2031F |
6.3.5 Malaysia Folding Furniture Market Revenues & Volume, By Other Distribution Channels, 2021-2031F |
7 Malaysia Folding Furniture Market Import-Export Trade Statistics |
7.1 Malaysia Folding Furniture Market Export to Major Countries |
7.2 Malaysia Folding Furniture Market Imports from Major Countries |
8 Malaysia Folding Furniture Market Key Performance Indicators |
9 Malaysia Folding Furniture Market - Opportunity Assessment |
9.1 Malaysia Folding Furniture Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Malaysia Folding Furniture Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Malaysia Folding Furniture Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Malaysia Folding Furniture Market - Competitive Landscape |
10.1 Malaysia Folding Furniture Market Revenue Share, By Companies, 2024 |
10.2 Malaysia Folding Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |