Industry Analysis & Industry Trends
Innovation to compete
Despite growing demand for folding tables across many markets (e.g. schools, banquet halls, hotels, churches, hospitals), the Folding Furniture Manufacturing industry is facing increasing price pressures from low-cost imports and rising raw material costs, including of aluminum, resin and plastic. Import penetration and intense price-based competition will continue to challenge folding furniture manufacturers and their profit. The firms that open up new markets through product innovation, however, will be better positioned to pass on rising production costs.... purchase to read more
Industry Report - Industry Products Chapter
Folding furniture varies from very basic chairs and tables to luxury padded pieces that look and feel like permanent furniture. Most chairs and tables are multipurpose, and many are owned or rented by event organizers. Folding furniture is usually made of plastic, metal or wood. New product innovation is resulting in more aesthetic choices, including shape and color. Likewise, folding furniture is made increasingly durable thanks to advances in material applications like polyurethane.
The majority of industry revenue stems from folding chairs, and IBISWorld estimates that folding chairs make up 72.2% of 2012 revenue. Although folding chairs are relatively cheap, they are also the most versatile industry product... purchase to read more