outdoor furniture industry

Sales Area/Geographical Presence, 17.12.2. Outdoor furniture is designed to withstand hot and humid temperatures and gives a new style and furnishing to outdoor living spaces. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Type, 2017 2031, 14.8. Most products designed for outdoor use will also resist fading using such materials. Chairs is the fastest growing product segment and is anticipated to expand at above 7% CAGR till 2027. The changing consumer preferences toward residential private houses and commercial buildings in emerging nations are expected to drive the industry demand. Outdoor furniture is primarily bought to increase comfort and features in the outdoor spaces. Email: sales@gminsights.com, Global Market Insights Inc. 2022 All Rights Reserved. Stuck in a neck-to-neck competition with other brands? In 2020, the residential application dominated the outdoor furniture market with nearly 55% share and is poised to achieve 5.8% growth rate. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017 - 2031, 10.2. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Type, 2017 2031, 7. needs. Identification of Potential Market Spaces, 18.2. Textile for furniture is available in various colors and designs to match the surrounding along with resilience property. The rising demand for balcony furniture supported by the thriving real estate industry will influence the business expansion. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Type, 2017 2031, 12.8. Businesses should focus on developing effective long-term strategies to grow in progressive industry trends. Consumers are willing to spend their disposable income, particularly on the design and manufacture of outdoor furniture products to improve aesthetics, expanding the product variety. Moreover, the trend of family functions, along with dinners in residential gardens, is anticipated to stimulate growth of the global market, especially in the Asia Pacific. The early phase of using indoor furniture outside is being replaced with furniture, specially designed for outdoor conditions. Its potential to be used in outside gardens or terraces and make outdoor living spaces aesthetically pleasing is driving consumer demand. The wood segment held more than 50% of the outdoor furniture market share in 2020 and is expected to register growth rate of around 6.5% through 2027. Manufacturers are also planning to expand their product range and presence in various geographies through mergers & acquisitions and offer customized solutions to end users. Understanding the Buying Process of the Customers, 18.4. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Application, 2017 - 2031, 15.11. Market Player Competition Dashboard, 17.2. The trends for visiting seaside areas, hill stations, picturesque places, and ancient monuments are leading to the rising number of hotels, resorts, open spaces, and public gardens. Detailed profiles of manufacturers of outdoor furniture have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies. Outdoor Furniture Market. Key players operating in the global outdoor furniture market include. We employ Market Analysis, Benchmarking, Corporate Intelligence, and Technological Intelligence to understand specific requirements and customize report with a quick turnaround time in a dynamic business environment. Sales Area/Geographical Presence, 18.1. Manufacturers are catering to customer needs and are thus designing outdoor furniture, which have resistance to decaying, termites, and acids. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017 - 2031, 13.12. Variants, such as good quality fabrics, are highly durable and have the ability to withstand high wear and tear. Moreover, homes with backyards and restaurants with outdoor spaces can create an extra cozy lounging spot with the addition of a carpet made for outdoor use. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Country & Sub-region, 2017 - 2031, 16. In addition, it is not easy for small manufacturers to enter the market, as the cost of the product is high and requires a sophisticated warehousing system to store the outdoor furniture. Looking for More? Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Price, 2017 - 2031, 12.9. Furthermore, acacia wood is used by manufacturers for a more sustainable and eco-friendly environment. Manufacturers are investing in research and development to innovate new products to influence new consumers. Thus, weather resistance, crack proofing, insect protection, and excellent tensile strength are among the key factors that are considered while selecting outdoor furniture. Get A Special pricing for start-ups and universities. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017 - 2031, 14.12. Global Outdoor Furniture Market Analysis and Forecast, By Region, 11.1. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Material, 2017 - 2031, 8.2. The wood used and the abundance of natural oils in it repel unwanted insects and moisture from damaging the integrity of the timber. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Type, 2017 2031, 15.8. Major hindrances in the supply chain that led to a decline of overall sales during the start of the pandemic are expected to resume sooner. Incremental Opportunity, By Material, 9. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Material, 2017 - 2031, 15.10. We offer 100% Free Customisation at the time of purchase, Serving 1000 Fortune Companies in 200+ countries, State Tower, 90 State Street, Suite 700, Due to the rising disposable income and travel spending, the global tourism business has thrived in recent years. Request a sample to get extensive insights into the Outdoor Furniture Market. Due to advantages such as superior comfort, eco-friendliness, strength, and aesthetic appeal, wood is one of the most popular material options in outdoor garden furniture. Aging population and increased disposable income, along with the eagerness to spend on luxury furniture is strongly supporting the outdoor furniture industry growth through the residential segment. Consumer attention is shifting to improve outdoor spaces to create more comfortable and appealing designs in balconies, gardens, and porches, boosting market expansion. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Country & Sub-region, 2017 - 2031, 13. Prominent outdoor furniture makers are Ace Hardware, Haworth, Inc., Steelcase, Herman Miller, Inc., Ashley Furniture Industries, Knoll, Inc., Sun Garden GmbH, The Home Depot, Inc., IKEA, etc. The ongoing sustainability trends coupled with a growing focus on the importance of the home is one of the main reasons keeping the outdoor furniture market in place. In numerous countries, rising income levels are augmenting product purchases in both residential and non-residential spaces. Residential segment had captured nearly 55% of market share in 2020 and will record a CAGR of over 5.8% through 2027 with increasing product purchase driven by rising income levels. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Application, 2017 - 2031, 9.2. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Price, 2017 - 2031, 14.9. The expansion of the segment is aided by the development of low-cost production technologies, the use of modern tools, and product quality. Changing industry trends and other crucial market dynamics associated with these sections of the outdoor furniture market are discussed in detail. Furthermore, the rise in outdoor activities such as social get-together, family meetings, evening parties, socializing, and barbeques are contributing to the increase in the demand for the global outdoor furniture market in the upcoming future. The outbreak of coronavirus has resulted in economic slowdown in almost all countries, besides lockdown in many countries, thus affecting consumer spending power. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017 - 2031, 15.12. This has resulted in demand for furnishing outdoor spaces with good material. 4 North Main Street, Selbyville, Delaware 19975 USA The demand for outdoor furniture in Asia Pacific is growing significantly, which will propel the regional industry growth. Asia Pacific Outdoor Furniture Market Analysis and Forecast, 14.7. Request a custom report on Outdoor Furniture Market. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Region, 2017 - 2031, 12. Get a FREE sample now! Wood outdoor furniture had held over 50% of revenue share in 2020 and will witness a CAGR of nearly 6.5% through 2027 owing to their superior comfort, eco-friendliness, strength, and aesthetic appeal. However, the emergence of smart homes and rising preference of consumers to buy homes of compact sizes are enabling companies to invest in innovative solutions for increasing the multifunctional capabilities of the furniture. Some of the popular material options include solution-dyed acrylic and spun polyester, as they resist moisture, mildew, and staining. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Application, 2017 - 2031, 12.11. Additionally, the steep cost of high- quality raw materials as outdoor furniture needs to be weatherproof, restricts the growth of the market. Advancements in digital technology and information tools are allowing outdoor furniture businesses to respond faster to the changes in consumer demand, gain cost-saving benefits, and boost their operational efficiency. Most popular furniture includes spacious tables and comfortable chairs. Global Market Insights Inc. North America Outdoor Furniture Market Analysis and Forecast, 12.7. Several key companies allow personal style and preference reign supreme when selecting colors palates. TMRs study on the global outdoor furniture market includes information categorized into six sections -type, material, price, application, distribution channel, and region. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Material, 2017 - 2031, 13.10. The COVID-19 pandemic forced almost half of the population to stay at home, leading to several employees working from home, and students learning online. To understand how our report can bring difference to your business strategy, Ask for a brochure. Several e-commerce giants are targeting customers in the medium price range category to achieve economies of scale and generate higher revenues, without investing in retail shop spaces. This growth is attributed to the availability of a wide range of products at an economic price. The range of materials used to create this furniture varies according to the region and cost. The decline in production activities across various industries around the world is a restraint to the global outdoor furniture market. Global Outdoor Furniture Market Analysis and Forecast, By Distribution Channel, 10.1. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Type, 2017 2031, 16.8. The above information is provided on a regional and country basis for the following: Get a report that explains COVID-19 impact on this market. HVAC & Construction Additionally, the regional market is also led by the increasing number of stadiums and cumulative government investment on public gardens and parks. Demand for outdoor furniture is generated by manufacturers who make durable outdoor furniture, which offers protection against seasonal wear & tear, including scratches, bumps, and water exposure. Market Value Projections (US$ Mn), 5.12.2. Manufacturers of outdoor furniture are focusing to enhance their products with varied colors, textures, and accessories. Due to its characteristics to withstand different climatic conditions, the global outdoor furniture market is expected to grow during the forecast period. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Material, 2017 - 2031, 16.10. However, the post-COVID-19 era is anticipated to increase consumer desire to improve their living space. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Application, 2017 - 2031, 16.11. Moreover, due to the current pandemic situation, many shopping malls that have eating outlets, hotels, bars & cafes are closed and not using outdoor furniture for a long time, which could result in their wear and tear. Demand for outdoor furniture is increasing, owing to its characteristics to withstand different climatic conditions. In response to the COVID-19s influence on personal well-being and its association with pollution and environmental habitat destruction, many consumers are shifting their preference toward better lifestyle habits, careful consumption, and the betterment of society through self-improvement. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Price, 2017 - 2031, 8. The growing urban population has fueled the outdoor furniture market demand by improving the construction of private residential buildings in rural and semi-urban areas. ). The lockdown has led to shutdown of restaurants, offices, factories, production plants, gyms, and other social places. Manufacturers use teak wood to produce outdoor furniture, which requires little maintenance even if left uncovered outdoors. These products are long-lasting and aesthetically appeal to a wide range of customers. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017 - 2031, 12.12. The growing need to redesign restaurants and offices as a part of social distancing measures is likely to boost the global outdoor furniture market. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Material, 2017 - 2031, 12.10. Phone: +1-302-846-7766 This trend has provided a lucrative opportunity for outdoor furniture manufacturers. Outdoor Furniture Market size exceeded USD 15.7 billion in 2020 and is projected to grow at over 5.9% CAGR from 2021 to 2027. Albany NY - 12207, United States, Downtown, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA, Copyright Transparency Market Research, Inc. All Rights reserved, According to a latest market report published by Transparency Market Research on the outdoor furniture market for the period of, Globally, revenue generated by the outdoor furniture market accounted over US$. Market Volume Projections (Million Units), 6. Consumer spending on leisure activities such as traveling has increased tremendously. These factors are projected to restrain the growth of the market in the long-run. It protects the environment from harmful chemicals and is durable. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Country & Sub-region, 2017 - 2031, 17.1. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Material, 2017 - 2031, 14.10. Moreover, a basic stone patio can be transformed into an open-air dining destination. In addition, the premium range of collections of outdoor furniture to design outdoor restaurant spaces, office spaces, and terraces are creating huge customer space. It is widely used for the production of outdoor furniture for residential and commercial sectors. Key outdoor furniture industry participants are Dedon, Unopiu, Ace Hardware, Haworth, Inc., Steelcase, Herman Miller, Inc., Ashley Furniture Industries, Knoll, Inc., Sun Garden GmbH, The Home Depot, Inc., IKEA, Tuuci, Royal Botania NV, Molteni & C., B&B Italia SpA, Century Furniture, Roda Srl, Williams-Sonoma, Inc., Brown Jordan, Dorel Industries, Forever Patio, CABANACOAST, Patio Furniture Industries, Inc., Amisco, and Hartman UK among others. In order to complete work and educational activities at home conveniently, more people are opting to redesign the outdoor spaces, terraces, and backyard for more comfort. Wooden outdoor furniture is lightweight, long lasting, and offers an aesthetic & natural appeal, thereby fueling market revenue. The North America outdoor furniture market size is set to cross USD 7.6 billion by 2027. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Application, 2017 - 2031, 13.11. This is encouraging procurement of outdoor furniture by hotels and restaurants that is likely to drive the outdoor furniture market during the forecast period. Another factor that might act as a restraint to the market is the high setting up cost. South America Outdoor Furniture Market Analysis and Forecast, 16.7. For instance, Tropitone offers a wide range of outdoor seating furniture with modular RELAXplus technology that enhances the capability of the product to be used in indoor and outdoor applications. Global Outdoor Furniture Market Analysis and Forecast, By Price, 7.1. Moreover, the proliferating housing sales coupled with increasing number of resorts and hotels, gardens, and restaurants are supporting the market expansion. > Global Outdoor Furniture Market Analysis and Forecast, By Application, 9.1. Overall Furniture Industry Overview, 5.12. Incremental Opportunity, By Application, 10. The textile material segment is likely to observe a substantial growth during 2021 to 2027. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Type, 2017 2031, 13.8. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Price, 2017 - 2031, 16.9. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Price, 2017 - 2031, 15.9. Cost effectiveness and higher comfort during the summer season as compared to leather variant is propelling the demand of textile material. Some key developments in the outdoor furniture market are highlighted below: Others (Patio Console Table, Picnic Table, etc. Medium price range furniture accounted for majority of the market revenue share in 2020. Read our Privacy Policy. Home Europe Outdoor Furniture Market Analysis and Forecast, 13.7. North America outdoor furniture market size will surpass USD 7.6 billion by 2027 owing to the expansion of hospitality industry along with increasing consumer preference to replace basic furniture. Furthermore, outdoor furniture made of upholstery materials, teak wood, eucalyptus, and high quality metals is generating significant demand in the market to beautify outdoor areas. Your personal details will remain secure and confidential. Increasing presence of consumers seeking personalized buying experiences and competitive prices are pushing outdoor furniture manufacturers to innovate on their existing workflows. As the furniture is designed for outdoor spaces, outdoor factors such as sun, rain, and cold should be taken into account, while designing outdoor furniture. The global outdoor furniture market is expected to cross US$ 31.35Bn by 2031, at a CAGR of 6% during the forecast period. This is likely to resume the growth rate of the outdoor furniture market during the forecast period. Access to only 1 person; cannot be shared; cannot be printed, Access for 2 to 5 users only within same department of one company, Access to a company wide audience; includes subsidiary companies or other companies within a group of companies, We use cookies to enhance user experience, Material, Product, End-user, Price Range, and Region, Rapid expansion of product portfolio & distribution network, Socialization accompanied by increasing consumer spending on leisure & experiences, Increasing tourism industry across the globe, Limited availability of skilled labor to meet fluctuating consumer demand. Market Share Analysis (%), by Company, (2020), 17.3. expert team of researchers can create market analysis reports for any of your The selection of furniture is highly reliant upon outside climatic conditions. The expansion of the hospitality industry along with the increasing preference of people for replacing their basic furniture set with furniture offering multifunction capabilities is supporting the regional dominance. Numerous homeowners are centering on improving the garden and balcony look with the delightful appealing sitting areas. Sales Area/Geographical Presence, 17.11.2. Manufacturing companies are focusing on designing outdoor furniture beach resorts and hotels, owing to the higher profitability achieved from these sectors. The pandemic is augmenting consumer demand for ethically dynamic brands that share their values and for products that respect the environment. Global Outdoor Furniture Market Analysis and Forecast, By Type, 6.1. The ability of outdoor furniture to be exposed to environmental conditions such as rain; protection against dust and solid particles, and insects; and their capability to endure cold temperatures have led to increasing purchase of outdoor furniture. Our Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Country & Sub-region, 2017 - 2031, 15. Besides, outdoor furniture comes with the potential to make outside gardens or terraces efficiently pleasing for customers. Teak outdoor furniture can be brought back to its natural warm brown tones with light sand and a polish, which is driving consumer demand. Moreover, several market players are expanding their catering toward construction and real estate industries. Get more details on this report - Request Free Sample PDF. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Country & Sub-region, 2017 - 2031, 14.

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