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Market Overview of Global Plastic Folding Tables & Chairs market:
According to our latest research, the global Plastic Folding Tables & Chairs market looks promising in the next 5 years. As of 2022, the global Plastic Folding Tables & Chairs market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Plastic Folding Tables & Chairs are useful, flexible, and sturdy furniture, specially designed for easy installation and storage. Plastic Folding Tables & Chairs are made of high-density polyethylene (HDPE), which is a wear-resistant and antifouling plastic material.
Influence of COVID-19 Outbreak on Plastic Folding Tables & Chairs Industry Development
Due to the particularity of the epidemic, American states have introduced policies to restrict transportation. It is required to minimize travel, avoid crowds and reduce the spread of diseases. Moreover, cross-border trade is restricted, and the United States controls import and export products more strictly, which increases the transportation time of Plastic Folding Tables & Chairs. These measures increase the difficulty of transporting Plastic Folding Tables & Chairs. Many modes of transportation are affected and some modes of transportation are cancelled. The seller can only change the mode of transportation and shorten the transportation time as much as possible. For example, some sellers change railway transportation to air transportation, and the air transportation price is about 4-5 times that of railway, which increases the transportation cost of Plastic Folding Tables & Chairs. Sellers will naturally increase commodity prices, which may reduce customer demand, thus affecting sales and the development of Plastic Folding Tables & Chairs.
Affected by the COVID-19 epidemic, industries in many parts of the United States are in a state of blockade and closure, and the factories can't run normally, so the production can't go on normally, thus affecting the output and supply of Plastic Folding Tables & Chairs because of a series of restrictive policies. Not only domestic industries can't trade, but the state can't trade because of the supervision of cross-border import and export. The epidemic situation in COVID-19 had a negative impact on the upstream process of Plastic Folding Tables & Chairs market, and delayed the delivery time of raw material supplements. And the production of Plastic Folding Tables & Chairs needs a lot of raw materials. If the raw materials can't be replenished in time, the production of Plastic Folding Tables & Chairs can't be carried out normally, thus affecting the output and supply of Plastic Folding Tables & Chairs.
Limitations
Plastic Folding Tables & Chairs has a low manufacturing cost and do not require high technical requirements, so the threshold for entering the industry is relatively low. As huge consumer demand brings high profits, it attracts many investors to enter the market. With more and more investors entering the Plastic Folding Tables & Chairs market, the competition in this market is increasing. Those companies that already have loyal customers, mature teams, and a comprehensive understanding of customer needs, may be less affected. However, if the newly-entered company does not have a strong team, sufficient funds, and mature sales channels, it will be difficult to occupy a place in the market. Therefore, the fierce competitive pressure will make some enterprises eliminated in the market, which will adversely affect the development of the Plastic Folding Tables & Chairs market.
At present, there are many substitutes for Plastic Folding Tables & Chairs in the market, such as sofas, wooden tables, and chairs, stacked tables and chairs, etc. These substitutes will occupy the market share of Plastic Folding Tables & Chains, thus threatening the development of Plastic Folding Tables & Chains in the market to some extent.
The price and quality of Plastic Folding Tables & Chairs products will be affected by substitutes to some extent. For example, if the price of substitutes is lower, Plastic Folding Tables & Chains can only be sold at a lower price, otherwise, they will be seized by substitutes, resulting in the loss of market development space for Plastic Folding Tables & Chains. Therefore, a series of influences of substitutes on Plastic Folding Tables & Chairs will limit their development in the market.
Company Overview:
Lifetime is one of the major players operating in the Plastic Folding Tables & Chairs market, holding a share of 18.79% in 2022.
Lifetime was founded in 1986. It started with the manufacture of basketball system and the invention of Quick Adjust®. After that, Lifetime Products quickly expanded from basketball stands to picnic tables, and then to folding tables and chairs, becoming a trustworthy brand.
COSCO was founded in 1935, when it was Columbus Specialty Company. At that time, it invented a tin matchbox, which could provide space for used matches while distributing new matches. COSCO provides folding furniture, outdoor furniture, footstool, ladder, trolley and workbench.
Segmentation Overview:
Among different product types, Metal Frame segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Residential segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Plastic Folding Tables & Chairs market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Plastic Folding Tables & Chairs Market Report:
Market Size Estimates: Plastic Folding Tables & Chairs market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Plastic Folding Tables & Chairs market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Plastic Folding Tables & Chairs market
Segment Market Analysis: Plastic Folding Tables & Chairs market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Plastic Folding Tables & Chairs market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Plastic Folding Tables & Chairs Market: Revenue and sales volume of major countries in each region
Plastic Folding Tables & Chairs Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Plastic Folding Tables & Chairs market in major regions.
Plastic Folding Tables & Chairs Industry Value Chain: Plastic Folding Tables & Chairs market raw materials & suppliers, manufacturing process, distributors, downstream customers
Plastic Folding Tables & Chairs Industry News, Policies & Regulations
Key players in the global Plastic Folding Tables & Chairs market are covered in Chapter 12:
Global furniture group
Drake Corp
KI
Mainstay
Lifetime
IKEA
MityLite
Cosco Products
Adams Manufacturing
Meco Corporation
McCourt
In Chapter 2 and Chapter 15.1, based on types, the Plastic Folding Tables & Chairs market from 2018 to 2028 is primarily split into:
All Plastic
Metal Frame
In Chapter 3 and Chapter 15.2, based on applications, the Plastic Folding Tables & Chairs market from 2018 to 2028 covers:
Residential
Commercial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Plastic Folding Tables & Chairs market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028